Investments in unconsolidated companies (Tables)

12 Months Ended

Dec. 31, 2017

Equity Method Investments and Joint Ventures [Abstract]

Summarized financial data for unconsolidated companies

	2017		2016	2015
Year ended December 31,	$’000		$’000	$’000
Revenue	207,659		191,551	160,614
Gross profit (1)	141,708		135,000	104,708
Net earnings (2)	(20,778	)	21,720	17,723

⁽¹⁾Gross profit is defined as revenues less cost of services of the unconsolidated companies.

⁽²⁾There were no discontinued operations, extraordinary items or cumulative effects of a change in an accounting principle in the unconsolidated companies.

The following table shows the net proceeds to Belmond and a summary of net assets sold, resulting in a gain of $19,676,000 that is reported within gain on disposal of property, plant and equipment and equity method investments in the statements of consolidated operations:

	Hotel Ritz by Belmond
	May 21, 2015
	$'000
Receivables due from unconsolidated companies	29,679
Investments in unconsolidated companies	—
Net assets sold	29,679
Transfer of foreign currency translation gain	(5,613	)
	24,066
Consideration:
Cash	42,197
Less: Costs to sell	(747	)
Plus: Management contract termination fee	2,292
	43,742
Gain on sale	19,676

Summarized financial data for Belmond’s unconsolidated companies are as follows:

	2017	2016
December 31,	$’000	$’000
Current assets	88,119	96,247
Property, plant and equipment, net of accumulated depreciation	228,970	213,958
Other non-current assets	55,605	111,146
Non-current assets	284,575	325,104
Total assets	372,694	421,351
Current liabilities, including $24,793 and $21,021 current portion of third-party debt	101,668	89,785
Long-term debt	143,187	153,876
Other non-current liabilities	7,892	27,545
Non-current liabilities	151,079	181,421
Total shareholders’ equity	119,947	150,145
Total liabilities and shareholders’ equity	372,694	421,351