| Dec'17 | Dec'16 | Dec'15 | ||||
|---|---|---|---|---|---|---|
Cash flows from operating activities | ||||||
Profit/(loss) for the period | ||||||
1,383 | 204,049 | 350,301 | ||||
Adjustments for: | ||||||
225,527 | 205,457 | 208,305 | ||||
Depreciation of tangible assets (Note 12) | ||||||
229,777 | 227,664 | 210,156 | ||||
Depreciation of intangible assets | ||||||
95 | 99 | 50 | ||||
Loss (gain) on disposal of investments in equity accounted investees (Note 24) | ||||||
0 | -24,150 | 0 | ||||
Provisions | ||||||
-160 | -603 | 91 | ||||
Tax (benefits)/expenses | ||||||
-1,358 | -174 | 5,633 | ||||
Share of profit of equity-accounted investees, net of tax (Note 23) | ||||||
30,082 | 40,495 | 51,592 | ||||
Net finance expense (Note 11) | ||||||
43,463 | 44,839 | 47,630 | ||||
(Gain)/loss on disposal of assets (Note 12) | ||||||
-15,511 | -50,395 | -5,300 | ||||
Equity-settled share-based payment transactions | ||||||
313 | 406 | 1,637 | ||||
Amortization of deferred capital gain | ||||||
-1,010 | -34 | 0 | ||||
Changes in working capital requirements | ||||||
-22,083 | -38,487 | 57,692 | ||||
Change in cash guarantees | ||||||
-52 | 107 | 1 | ||||
Change in trade receivables | ||||||
5,938 | -755 | 12,330 | ||||
Change in accrued income | ||||||
-1,499 | 21,049 | -13,175 | ||||
Change in deferred charges | ||||||
-3,648 | 239 | 11,090 | ||||
Change in other receivables | ||||||
28,773 | 35,905 | -34,654 | ||||
Change in trade payables | ||||||
1,165 | -6,817 | 1,190 | ||||
Change in accrued payroll | ||||||
1,014 | -138 | 255 | ||||
Change in accrued expenses | ||||||
-6,727 | -7,547 | -1,649 | ||||
Change in deferred income | ||||||
-3,726 | -3,591 | 6,612 | ||||
Change in other payables | ||||||
18 | -226 | -39,800 | ||||
Change in provisions for employee benefits | ||||||
827 | 261 | 108 | ||||
Income taxes paid during the period | ||||||
-11 | 100 | 109 | ||||
Interest paid | ||||||
39,595 | 33,378 | 50,810 | ||||
Interest received | ||||||
636 | 209 | 262 | ||||
Dividends received from equity-accounted investees (Note 23) | ||||||
1,250 | 23,478 | 275 | ||||
Net cash from (used in) operating activities | ||||||
211,295 | 438,202 | 450,532 | ||||
Net cash from (used in) investing activities | ||||||
Acquisition of vessels and vessels under construction (Note 12) | ||||||
176,687 | 342,502 | 351,596 | ||||
Proceeds from the sale of vessels (Note 12) | ||||||
96,880 | 223,016 | 112,890 | ||||
Acquisition of other tangible assets (Note 12) | ||||||
1,203 | 178 | 8,289 | ||||
Acquisition of intangible assets | ||||||
11 | 18 | 258 | ||||
Proceeds from the sale of other (in)tangible assets | ||||||
29 | 38 | 95 | ||||
Loans from (to) related parties (Note 23) | ||||||
40,750 | 22,047 | 39,785 | ||||
Proceeds from capital decreases in joint ventures (Note 25) | ||||||
0 | 3,737 | 1,500 | ||||
Net cash received from business combinations (Note 22) | ||||||
0 | 6,755 | 0 | ||||
Net cash from (used in) investing activities | ||||||
-40,242 | -100,615 | -205,873 | ||||
Net cash from (used in) financing activities | ||||||
Proceeds from issue of share capital (Note 13) | ||||||
0 | 0 | 229,063 | ||||
Transaction costs related to issue of share capital (Note 13) | ||||||
0 | 0 | -19,357 | ||||
(Purchase of) Proceeds from sale of treasury shares (Note 13) | ||||||
0 | -6,157 | 8,263 | ||||
Proceeds from new borrowings (Note 15) | ||||||
526,024 | 740,286 | 931,270 | ||||
Repayment of borrowings (Note 15) | ||||||
710,993 | 774,015 | 1,367,871 | ||||
Transaction costs related to issue of loans and borrowings (Note 15) | ||||||
5,874 | 4,436 | 8,680 | ||||
Dividends paid (Note 13) | ||||||
44,133 | 216,838 | 138,003 | ||||
Net cash from (used in) financing activities | ||||||
-234,976 | -261,160 | -365,315 | ||||
Net increase (decrease) in cash and cash equivalents | ||||||
-63,923 | 76,427 | -120,656 | ||||
Effect of changes in exchange rates | ||||||
882 | -1,401 | -1,767 | ||||