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Consolidated Statement of Profit or Loss - USD ($)
$ in Thousands
12 Months Ended
Jan. 01, 2021
Jan. 01, 2020
Jan. 01, 2019
Dec. 31, 2021
Dec. 31, 2020
[1]
Dec. 31, 2019
[1]
Shipping income            
Revenue (Note 4)       $ 419,770 $ 1,210,341 $ 914,711
Gains on disposal of vessels/other tangible assets (Note 8)       15,068 22,728 14,879
Other operating income (Note 4)       10,255 10,112 10,094
Total shipping income       445,093 1,243,181 939,684
Operating expenses            
Voyage expenses and commissions (Note 5)       (118,808) (125,430) (144,681)
Vessel operating expenses (Note 5)       (220,706) (218,390) (218,504)
Charter hire expenses (Note 5)       (9,750) (7,954) (604)
Loss on disposal of vessels/other tangible assets (Note 8)       0 (1) (75)
Depreciation tangible assets (Note 8)       (344,904) (319,652) (337,646)
Depreciation intangible assets       (90) (99) (56)
General and administrative expenses (Note 5)       (32,408) (37,333) (42,515)
Total operating expenses       (726,666) (708,859) (744,081)
RESULT FROM OPERATING ACTIVITIES       (281,573) 534,322 195,603
Finance income (Note 6)       14,934 21,496 20,572
Finance expenses (Note 6)       (95,541) (91,553) (119,803)
Net finance expenses       (80,607) (70,057) (99,231)
Share of profit (loss) of equity accounted investees (net of income tax) (Note 25)       22,976 10,917 16,460
PROFIT (LOSS) BEFORE INCOME TAX       (339,204) 475,182 112,832
Income tax benefit (expense) (Note 7)       427 (1,944) (602)
PROFIT (LOSS) FOR THE PERIOD       (338,777) 473,238 112,230
Attributable to:            
Owners of the company       $ (338,777) $ 473,238 $ 112,230
Basic earnings per share (Note 14) (in dollars per share)       $ (1.68) $ 2.25 $ 0.52
Diluted earnings per share (Note 14) (in dollars per share)       $ (1.68) $ 2.25 $ 0.52
Weighted average number of shares (basic) (Note 14) (in shares) 201,677,981 215,078,497 218,786,812 201,677,981 210,193,707 216,029,171
Weighted average number of shares (diluted) (Note 14) (in shares)       201,773,240 210,206,403 216,029,171
[1] In order to improve the relevancy of the accounting information of the income statement, the Company reclassified certain cost elements without impact on the profit (loss) for the period. These changes have been adopted in 2021 to improve comparability within the sector. They have been applied retrospectively and comparative information has been revised. Please refer to Note 1.6 for further details.