| Dec'17 | Dec'16 | Dec'15 | ||||
|---|---|---|---|---|---|---|
Operating activities | ||||||
Loss for the period | ||||||
-6,475 | -9,825 | -32,396 | ||||
Adjustments for: | ||||||
Depreciation | ||||||
4,854 | 5,014 | 6,085 | ||||
Depreciation of deferred dry docking costs | ||||||
862 | 1,005 | 1,062 | ||||
Amortization of fair value of time charter attached to vessels | ||||||
0 | 0 | 41 | ||||
Payment of deferred dry docking costs | ||||||
-412 | -478 | -983 | ||||
Impairment loss | ||||||
0 | 0 | 20,144 | ||||
Gain from sale of subsidiary | ||||||
0 | -2,257 | 0 | ||||
Provision for staff retirement indemnities | ||||||
4 | 5 | 5 | ||||
Interest expense and finance costs | ||||||
2,221 | 2,676 | 2,783 | ||||
Interest income | ||||||
-3 | -5 | -8 | ||||
Foreign exchange gains, net | ||||||
181 | -58 | -28 | ||||
Share based payment | ||||||
30 | 50 | 60 | ||||
Trade receivables, net | ||||||
66 | -270 | 489 | ||||
Inventories | ||||||
-145 | -161 | -12 | ||||
Prepayments and other assets | ||||||
591 | -232 | 1,483 | ||||
Trade accounts payable | ||||||
-499 | 746 | 1,404 | ||||
Accrued liabilities and other payables | ||||||
-726 | 141 | -54 | ||||
Deferred revenue | ||||||
82 | 49 | -135 | ||||
Net cash generated from/(used in) operating activities | ||||||
631 | -3,600 | -60 | ||||
Cash flows from investing activities: | ||||||
Net proceeds from sale of vessel/subsidiary | ||||||
0 | 374 | 5,348 | ||||
Purchase of vessel equipment | ||||||
245 | 0 | 0 | ||||
Purchases of office furniture and equipment | ||||||
21 | 19 | 5 | ||||
Interest received | ||||||
3 | 7 | 8 | ||||
Net cash (used in)/generated from investing activities | ||||||
-263 | 362 | 5,351 | ||||
Cash flows from financing activities: | ||||||
Proceeds from loans | ||||||
280 | 5,950 | 39,505 | ||||
Repayment of long-term debt | ||||||
4,399 | 3,100 | 45,506 | ||||
Proceeds from issuance of share capital | ||||||
9,653 | 0 | 0 | ||||
Pledged bank deposits | ||||||
0 | 290 | 500 | ||||
Dividends paid | ||||||
0 | 14 | 505 | ||||
Interest paid | ||||||
3,309 | 1,730 | 2,363 | ||||
Net cash (used in)/ generated from financing activities | ||||||
2,225 | 1,396 | -8,369 | ||||
Net (decrease)/ increase in cash and cash equivalents | ||||||
2,593 | -1,842 | -3,078 | ||||