Consolidated Balance Sheet - USD ($) $ in Thousands		Dec. 31, 2018	Dec. 31, 2017
Assets
Cash and cash equivalents		$ 108,441	$ 180,153
Restricted cash		1,937	3,121
Accounts receivable, net of allowances of $539 and $544		37,722	34,373
Due from unconsolidated companies		10,292	12,762
Prepaid expenses and other		13,340	13,327
Inventories		21,201	23,092
Total current assets		192,933	266,828
Property, plant and equipment, net of accumulated depreciation of $439,767 and $417,738		1,261,932	1,168,044
Investments in unconsolidated companies		69,184	64,644
Goodwill		111,072	120,220
Other intangible assets		27,141	19,778
Pension assets		187	0
Other assets		13,359	14,123
Total assets	[1]	1,675,808	1,653,637
Liabilities and Equity
Accounts payable		23,004	15,815
Accrued liabilities		103,923	79,455
Deferred revenue		40,232	32,786
Current portion of long-term debt and obligations under capital leases		6,332	6,407
Total current liabilities		173,491	134,463
Long-term debt and obligations under capital leases		753,646	700,752
Liability for pension benefit		0	650
Other liabilities		3,905	3,023
Deferred income taxes		103,952	115,381
Liability for uncertain tax positions		553	532
Total liabilities	[1]	1,035,547	954,801
Commitments and contingencies (Note 21)
Shareholders’ equity:
Preferred shares $0.01 par value (30,000,000 shares authorized, issued Nil)		0	0
Additional paid-in capital		990,930	985,566
Retained earnings		(14,230)	13,278
Accumulated other comprehensive loss		(338,219)	(301,322)
Less: Reduction due to class B common shares owned by a subsidiary — 18,044,478 (2017 - 18,044,478)		(181)	(181)
Total shareholders’ equity		639,512	698,546
Non-controlling interests		749	290
Total equity		640,261	698,836
Total liabilities and equity		1,675,808	1,653,637
Class A common shares
Shareholders’ equity:
Common stock, value		1,031	1,024
Class B common shares
Shareholders’ equity:
Common stock, value		$ 181	$ 181

[1] Included in Belmond Ltd.’s consolidated assets and liabilities are assets of consolidated variable interest entities (“consolidated VIEs”) that can only be used to settle obligations of the consolidated VIEs and liabilities of consolidated VIEs whose creditors have no recourse to Belmond Ltd. The Company’s only consolidated VIE at December 31, 2018 and December 31, 2017 is Charleston Center LLC. These assets and liabilities at December 31, 2018 and December 31, 2017 are as follows: December 31, 2018 December 31, 2017 $’000 $’000 Assets Cash and cash equivalents 4,081 1,530Accounts receivable, net of allowances of $Nil and $Nil 3,088 3,623Prepaid expenses and other 1,435 935Inventories 1,551 1,360Total current assets 10,155 7,448 Property, plant and equipment, net of accumulated depreciation of $48,852 and $42,676 192,712 197,369Other assets 1,995 1,450Total assets 204,862 206,267 Liabilities Accounts payable 4,875 4,518Accrued liabilities 3,926 3,291Deferred revenue 2,589 2,835Current portion of long-term debt and obligations under capital leases 269 255Total current liabilities 11,659 10,899 Long-term debt and obligations under capital leases 159,354 112,069Total liabilities 171,013 122,968See further description in Note 7, Variable interest entities.