| Dec'17 | Dec'16 | Dec'15 | ||||
|---|---|---|---|---|---|---|
CASH FLOW FROM OPERATING ACTIVITIES | ||||||
Net profit/(loss) for the period | ||||||
2,400 | -142,491 | 125,983 | ||||
Adjustments: | ||||||
Reversal of profit from sale of vessels | ||||||
-2,800 | - | - | ||||
Reversal of amortization and depreciation | ||||||
114,500 | 122,215 | 67,327 | ||||
Reversal of impairment loss on tangible assets | ||||||
3,600 | 185,000 | - | ||||
Reversal of share of profit/(loss) from joint ventures | ||||||
- | 176 | 202 | ||||
Reversal of financial income | ||||||
4,300 | 2,814 | 992 | ||||
Reversal of financial expenses | ||||||
40,600 | 37,333 | 16,926 | ||||
Reversal of tax expenses | ||||||
800 | 760 | 1,041 | ||||
Reversal of other non-cash movements | ||||||
-3,700 | 7,114 | 874 | ||||
Dividends received from joint ventures | ||||||
- | 188 | 200 | ||||
Interest received and realized exchange gains | ||||||
1,600 | 2,735 | 624 | ||||
Interest paid and realized exchange losses | ||||||
36,700 | 31,385 | 12,364 | ||||
Income taxes paid | ||||||
600 | 1,430 | 584 | ||||
Change in bunkers, receivables and payables, etc. | ||||||
13,000 | -8,322 | -16,870 | ||||
Net cash flow from operating activities | ||||||
109,800 | 171,143 | 213,955 | ||||
CASH FLOW FROM INVESTING ACTIVITIES | ||||||
Investment in tangible fixed assets | ||||||
145,100 | 119,408 | 253,964 | ||||
Cash from business combination | ||||||
- | - | -77,544 | ||||
Sale of tangible fixed assets | ||||||
31,400 | - | 17,640 | ||||
Net cash flow from investing activities | ||||||
-113,700 | -119,408 | -158,780 | ||||
CASH FLOW FROM FINANCING ACTIVITIES | ||||||
Borrowing, mortgage debt | ||||||
175,300 | 49,256 | 93,100 | ||||
Borrowing, sale and leaseback transactions | ||||||
30,200 | - | - | ||||
Repayment, mortgage debt | ||||||
125,500 | 142,740 | 29,214 | ||||
Repayment, finance lease liabilities | ||||||
16,700 | 3,410 | - | ||||
Dividend paid | ||||||
1,200 | 25,000 | - | ||||
Acquisition of outstanding shares in TORM A/S | ||||||
- | 19,241 | - | ||||
Shareholders' contribution | ||||||
- | - | -14,040 | ||||
Transaction costs capital increase | ||||||
- | - | 2,723 | ||||
Purchase/disposal of treasury shares | ||||||
- | 2,887 | 176 | ||||
Net cash flow from financing activities | ||||||
62,100 | -144,022 | 75,027 | ||||
Net cash flow from operating, investing and financing activities | ||||||
58,200 | -92,287 | 130,202 | ||||