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Consolidated Statements of Changes in Equity - USD ($)
$ in Thousands
Issued share capital
Common shares at par value
Additional paid in capital
Share premium
Treasury shares
Foreign currency translation reserve
Fair value reserve
Retained earnings
Total
Balance at Dec. 31, 2018 $ 143,376 $ 2,773 $ (15,050) $ (295) $ 954 $ 169,407 $ 301,165
Profit for the year 23,565 23,565
Other comprehensive income (38) 3,320 3,282
Total comprehensive income (38) 3,320 23,565 26,847
Purchase of treasury shares – (note 20) (5,053) (5,053)
Cash dividends (note 21) (10,816) (10,816)
Balance at Dec. 31, 2019 143,376 2,773 (20,103) (333) 4,274 182,156 312,143
Profit for the year 27,251 27,251
Other comprehensive income (16) 13,886 13,870
Total comprehensive income (16) 13,886 27,251 41,121
Issuance of shares in connection with Business Combination (note 19) and (note 33) – at par value of USD 0.01 485 485
Deemed distribution to shareholders in connection with Business Combination (note 33) (80,000) (80,000)
Business Combination elimination adjustments (note 33) (143,376) (2,773) 237,228 20,103 (10) 111,172
Issuance of Restricted Shares Awards (note 32) 1 449 450
Cash dividends (note 21) (4,360) (4,360)
Balance at Dec. 31, 2020 486 157,677 (349) 18,160 205,037 381,011
Profit for the year 43,696 43,696
Other comprehensive income 1,341 (9,945) (8,604)
Total comprehensive income 1,341 (9,945) 43,696 35,092
Issuance of Restricted Shares Awards (note 32) 3 1,868 1,871
Cash dividends (note 21) (16,109) (16,109)
Balance at Dec. 31, 2021 $ 489 $ 159,545 $ 992 $ 8,215 $ 232,624 $ 401,865