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Consolidated Balance Sheet Variable Interest Entities (Parenthetical) - USD ($)
$ in Thousands
Dec. 31, 2018
Dec. 31, 2017
Assets    
Cash and cash equivalents $ 108,441 $ 180,153
Accounts receivable, net of allowances of $Nil and $Nil 37,722 34,373
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 $48,852 and $42,676 1,261,932 1,168,044
Other assets 13,359 14,123
Total assets [1] 1,675,808 1,653,637
Liabilities    
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
Total liabilities [1] 1,035,547 954,801
Variable interest entity, primary beneficiary    
Assets    
Cash and cash equivalents 4,081 1,530
Accounts receivable, net of allowances of $Nil and $Nil 3,088 3,623
Prepaid expenses and other 1,435 935
Inventories 1,551 1,360
Total current assets 10,155 7,448
Property, plant and equipment, net of accumulated depreciation of $48,852 and $42,676 192,712 197,369
Other assets 1,995 1,450
Total assets 204,862 206,267
Liabilities    
Accounts payable 4,875 4,518
Accrued liabilities 3,926 3,291
Deferred revenue 2,589 2,835
Current portion of long-term debt and obligations under capital leases 269 255
Total current liabilities 11,659 10,899
Long-term debt and obligations under capital leases 159,354 112,069
Total liabilities $ 171,013 $ 122,968
[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.