FRONTLINE LTD / FRO Balance Sheet

Frontline ltd / (FRO)

Balance Sheet / Yearly

Jun'18	Dec'17	Jun'17	Dec'16	Jun'16	Dec'15	Jun'15	Dec'14	Jun'14	Dec'13	Sep'13	Mar'13	Dec'12	Sep'12	Dec'11	Dec'10	Dec'09
ASSETS
Current assets
Cash and cash equivalents
116	104	128	202	129	264	78	235	62	53	79	109	137	164	160	176	82
Restricted cash
1	0	1	0	5	0	0	35	36	68	59	71	87	75	100	182	429
Marketable securities
1	19	35	8	6	13	23	0	4	3	1	1	1	1	0	51	62
Marketable Securities, Restricted, Current
12	10	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-
Trade accounts receivable, net
36	49	37	49	52	57	29	13	21	11	19	14	23	43	46	56	44
Related party receivables
9	5	12	5	10	10	13	3	11	9	11	10	9	8	15	7	28
Other receivables
12	17	18	19	22	29	14	19	15	16	12	16	14	17	14	17	52
Inventories
69	61	45	37	29	25	21	19	47	44	57	42	57	44	40	60	35
Voyages in progress
39	38	31	45	24	52	35	21	31	46	28	31	54	24	24	27	32
Prepaid expenses and accrued income
6	6	7	5	10	4	4	2	5	3	5	7	4	8	5	8	14
Investment in finance lease
9	9	9	9	9	9	3	0	2	2	2	2	2	2	1	1	0
Other current assets
4	0	0	0	0	0	-	2	-	-	-	-	-	-	-	-	0
Current assets held for distribution
-	-	-	-	-	-	-	83	-	-	-	-	-	-	-	-	-
Total current assets
319	321	328	383	301	467	224	436	240	260	277	306	392	389	410	587	783
Long term assets
Restricted cash
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	62	70
Newbuildings
50	79	162	308	326	266	0	227	14	29	29	27	26	20	13	224	413
Vessels and equipment, net
2,526	2,342	2,042	1,477	1,249	1,189	111	861	272	264	269	278	282	287	312	1,430	678
Vessels and equipment under capital lease, net
218	251	435	536	639	694	450	0	611	704	723	868	893	934	1,022	1,427	1,740
Investment in associated company
-	-	-	-	-	-	41	59	65	58	59	51	40	40	27	3	3
Deferred charges
-	-	-	-	-	-	0	4	0	0	0	1	1	1	1	7	4
Long term investments
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	20
Investment in finance lease
16	21	25	30	35	40	44	0	47	48	49	50	51	51	53	55	0
Goodwill
112	112	225	225	225	225	-	0	-	-	-	-	-	-	-	-	-
Derivative Instruments and Hedges, Assets
11	4	-	4	-	0	0	-	-	-	-	-	-	-	-	-	-
Assets Held-for-sale, Not Part of Disposal Group, Current
-	-	-	-	170	-	-	-	-	-	-	-	-	-	-	-	-
Other long term assets
-	-	1	-	0	-	0	1	-	0	-	-	-	-	-	-	0
Long-term assets held for distribution
-	-	-	-	-	-	-	910	-	-	-	-	-	-	-	-	-
Total assets
3,255	3,133	3,221	2,966	2,948	2,883	872	2,501	1,251	1,367	1,409	1,583	1,688	1,725	1,840	3,797	3,715
LIABILITIES AND EQUITY
Current liabilities
Short-term debt and current portion of long-term debt
122	113	89	67	65	57	4	44	208	22	22	22	20	21	19	173	123
Current portion of obligations under capital leases
37	43	44	56	90	89	79	0	48	46	53	51	52	54	55	193	285
Related party payables
16	8	13	18	20	28	49	3	24	11	5	3	53	43	10	33	33
Trade accounts payable
27	11	7	4	7	9	11	2	4	13	15	5	5	6	5	13	36
Accrued expenses
31	38	33	26	23	29	22	11	34	33	34	35	43	42	50	72	65
Value of unfavorable time charter contracts
-	-	-	-	0	6	2	0	0	0	0	0	2	2	5	6	15
Derivative instruments payable
-	-	-	-	12	4	-	0	-	-	-	-	-	-	-	-	-
Other current liabilities
3	6	8	10	11	15	2	140	2	2	3	6	7	19	19	10	44
Current liabilities held for distribution
-	-	-	-	-	-	-	34	-	-	-	-	-	-	-	-	-
Total current liabilities
238	222	197	182	232	242	172	237	323	130	134	124	186	190	167	503	605
Long-term debt
1,657	1,467	1,275	914	896	745	54	473	199	436	460	456	463	463	493	1,190	760
Related party payables
-	-	-	-	-	-	103	-	69	72	-	-	0	-	-	-	-
Obligations under capital leases
222	255	285	366	394	446	324	0	717	742	854	881	898	916	957	1,336	1,579
Deferred gains on sales of vessels
-	-	-	-	-	-	-	-	0	1	1	2	2	2	6	6	12
Other long-term liabilities
1	1	3	3	2	2	2	0	3	2	2	7	6	4	2	1	6
Long-term liabilities held for distribution
-	-	-	-	-	-	-	343	-	-	-	-	-	-	-	-	-
Total liabilities
2,119	1,946	1,761	1,466	1,526	1,437	656	1,054	1,313	1,385	1,453	1,471	1,557	1,577	1,627	3,038	2,964
Commitments and contingencies
-	-	0	0	-	0	-	0	-	0	0	0	0	0	0	0	-
Equity
Share capital (169,809,324 shares, par value $1.00)
169	169	169	169	156	781	198	635	98	86	78	194	194	194	194	194	194
Additional paid in capital
198	197	196	195	109	109	396	382	187	149	118	0	0	0	225	224	221
Treasury shares
-	-	-	-	-	-	-	50	-	-	-	-	-	-	-	-	-
Contributed surplus
1,090	1,090	1,090	1,099	1,099	474	474	0	474	474	474	474	474	474	248	248	248
Accumulated other comprehensive income
0	2	2	0	-1	-0	-4	0	-2	-3	-4	-4	-4	-4	-4	-3	-1
Retained deficit
-322	-272	0	34	57	81	-848	156	-824	-734	-721	-564	-545	-529	-463	83	78
Total equity attributable to the Company
1,135	1,187	1,459	1,499	1,421	1,446	215	1,123	-66	-26	-54	101	119	136	200	747	741
Non-controlling interest
0	0	-0	0	-0	0	0	323	5	8	9	11	11	11	12	11	9
Total equity
1,135	1,187	1,459	1,499	1,421	1,446	215	1,447	-61	-18	-44	112	131	147	213	759	750
Total liabilities and equity
3,255	3,133	3,221	2,966	2,948	2,883	872	2,501	1,251	1,367	1,409	1,583	1,688	1,725	1,840	3,797	3,715