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Consolidated Statement of Changes in Equity - USD ($)
$ in Thousands
Total
Share capital
Share premium
Translation reserve
Hedging reserve
Treasury shares
Retained earnings
Adjusted balance $ 1,887,956 $ 173,046 $ 1,215,227 $ 120 $ 0 $ (16,102) $ 515,665
Beginning balance at Dec. 31, 2016 1,887,956 173,046 1,215,227 120 0 (16,102) 515,665
Adjusted balance | Previously stated 1,846,361 173,046 1,215,227 568 0 (16,102) 473,622
Adjusted balance 1,846,361 173,046 1,215,227 568 0 (16,102) 473,622
Profit (loss) for the period 1,383 [1],[2],[3]           1,383
Total other comprehensive income 995 [1]     448 0   547
Total comprehensive income (expense) for the period 2,378 [1]     448     1,930
Transactions with owners of the company              
Dividends to equity holders (44,286)           (44,286)
Equity-settled share-based payment (Note 23) 313           313
Total transactions with owners (43,973)         0 (43,973)
Ending balance (Previously stated) at Dec. 31, 2017 1,846,361 173,046 1,215,227 568 0 (16,102) 473,622
Ending balance at Dec. 31, 2017 1,846,361 173,046 1,215,227 568 0 (16,102) 473,622
Adjusted balance | Previously stated 1,846,361 173,046 1,215,227 568 0 (16,102) 473,622
Adjusted balance 1,846,361 173,046 1,215,227 568 0 (16,102) 473,622
Adjusted balance | Previously stated [4] 2,260,523 239,148 1,702,549 411 (2,698) (14,651) 335,764
Adjusted balance 2,260,523 [5] 239,148 1,702,549 411 (2,698) (14,651) 335,764
Profit (loss) for the period (110,070) [1],[2],[3]           (110,070)
Total other comprehensive income (3,194) [1]     (157) (2,698)   (339)
Total comprehensive income (expense) for the period (113,264) [1]     (157) (2,698)   (110,409)
Transactions with owners of the company              
Issue of ordinary shares related to business combinations (Note 13) 553,424 66,102 487,322        
Dividends to equity holders (22,629)           (22,629)
Treasury shares acquired (Note 13) (3,955)         (3,955)  
Treasury shares sold (Note 13) 2,294         5,406 (3,112)
Equity-settled share-based payment (Note 23) 37           37
Total transactions with owners 529,171 66,102 487,322     1,451 (25,704)
Ending balance (Previously stated) at Dec. 31, 2018 [4] 2,260,523 239,148 1,702,549 411 (2,698) (14,651) 335,764
Ending balance at Dec. 31, 2018 2,260,523 [5] 239,148 1,702,549 411 (2,698) (14,651) 335,764
Adjusted balance | Previously stated [4] 2,260,523 239,148 1,702,549 411 (2,698) (14,651) 335,764
Adjusted balance 2,260,523 [5] 239,148 1,702,549 411 (2,698) (14,651) 335,764
Adjusted balance | Previously stated [4] 2,260,523 239,148 1,702,549 411 (2,698) (14,651) 335,764
Adjusted balance 2,311,855 239,148 1,702,549 299 (4,583) (45,616) 420,058
Profit (loss) for the period 112,230           112,230
Total other comprehensive income (3,940)     (112) (1,885)   (1,943)
Total comprehensive income (expense) for the period 108,290     (112) (1,885)   110,287
Transactions with owners of the company              
Dividends to equity holders (25,993)           (25,993)
Treasury shares acquired (Note 13) (30,965)         (30,965)  
Total transactions with owners (56,958) 0 0     (30,965) (25,993)
Ending balance at Dec. 31, 2019 2,311,855 239,148 1,702,549 299 (4,583) (45,616) 420,058
Adjusted balance $ 2,311,855 $ 239,148 $ 1,702,549 $ 299 $ (4,583) $ (45,616) $ 420,058
[1] * The Group initially applied IFRS 16 at January 1, 2019, using the modified retrospective approach. Under this approach, comparative information is not restated.
[2] .
[3] The Group initially applied IFRS 16 at January 1, 2019, using the modified retrospective approach. Under this approach, comparative information is not restated. The Group has initially applied IFRS 15 and IFRS 9 at January 1, 2018. Under the transition methods chosen, comparative information is not restated.
[4] The Group initially applied IFRS 16 at January 1, 2019, using the modified retrospective approach. Under this approach, comparative information is not restated.
[5] * The Group initially applied IFRS 16 at January 1, 2019, using the modified retrospective approach. Under this approach, comparative information is not restated. Due to the increased significance of inventory (see accounting policies), the Group has re-presented the comparative information related to bunker inventory to align with the current year presentation.