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Tax matters - Statutory tax rate (Details) - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2019
Dec. 31, 2018
Dec. 31, 2017
Tax matters      
Accounting profit/(loss) before income tax $ (411,819) $ 35,568 $ (14,997)
Adjustment for discontinued operations (28,135)    
Accounting profit/(loss) before income tax $ (439,954)    
Effective tax rate 24.00% 49.00% 43.00%
At weighted effective tax rate of 24% (2018: 49% and 2017: 43%) $ (105,369) $ 17,409 $ (6,399)
Non-taxable income/(expenses) (17,020) (14,856) 96
Non-deductible expenses 49,390 25,079 18,278
Movements in unprovided deferred tax 4,604 7,620 7,138
US Tax Reform - federal tax rate change     (31,257)
Differing territorial tax rates (3,987) (2,262) 2
Adjustments in respect of prior periods 2,160 (1,038) 1,233
Other items 20,407 (4,936) (845)
Elimination of effect of interest in joint ventures 917 1,079 1,458
Other permanent differences 9,234 1,242 (1,685)
Incentives and deductions (1,302) (6,944) (3,188)
US State taxes (824) 1,235 348
Taxable capital gains 249 607  
Adjustments in current income tax due to discounted operations   (3,776) 596
Income tax expense (benefit) $ (41,541) $ 20,459 [1] $ (14,225) [1]
[1] The amounts for prior periods have been restated to reclassify the results of the Company´s Spanish hydroelectric assets within profit (loss) from discontinued operations.