Note 20 - Cash and Cash Equivalents

12 Months Ended

Dec. 31, 2019

Statement Line Items [Line Items]

Disclosure of cash and cash equivalents [text block]

NOTE 20. CASH AND CASH EQUIVALENTS

[US$ thousands]	As of December 31,
Cash and cash equivalents	2018		2019
Restricted cash		229		216
Cash and cash equivalents		177,643		139,271
Total		177,873		139,487

Restricted cash

Restricted cash is related to employee payroll tax withholdings for Norwegian employees, which are held in restricted deposit accounts under applicable regulations. The Group considers these balances to be cash equivalents because the related liabilities are settled from these accounts on a continuous basis.