Intangible assets Derivative financial instruments Finance lease receivables Total other non-current assets Right-of-use assets (vessels) Other property, plant and equipment Property, plant and equipment Inventories Trade and other receivables Finance lease receivables Cash and cash equivalents Share capital Share premium Contributed surplus Other reserves Retained earnings Borrowings Lease liabilities Derivative financial instruments Lease liabilities Current income tax liabilities Trade and other payables Derivative financial instruments Derivative financial instruments Share capital Share premium Treasury shares Capital reserve Hedging reserve Currency translation reserve Retained earnings Non-controlling interests Share-based payment reserve - Value of employee services Purchases of treasury shares Non-controlling interests Equity holders of the Company Non-controlling interests Equity holders of the Company Profit attributable to: Cash flow hedges Income tax expense Amortisation of intangible assets Charter hire expenses General and administrative expenses Vessel operating expenses Interest income Interest expense Share-based payment reserve Total Adjustments for Other Finance Expense - other finance expense Adjustments for other finance expense to reconcile profit (loss) to net cash flow from (used in) operating activities. Adjustments for Finance Lease Income - finance lease income Adjustments for finance lease income to reconcile profit (loss) to net cash flow from (used in) operating activities. Adjustments for Increase (Decrease) in Margin Account Held with Broker - margin account held with broker Adjustments for increase (decrease) in margin account held with broker to reconcile profit (loss) to net cash flow from (used in) operating activities. Progress Payments for Vessel Upgrades and Dry Docks Progress payments for vessel upgrades and dry docks The cash outflow for progress payments for vessel upgrades and dry docks, classified as investing activities. Cash Receipts from Repayment of Finance Lease Receivables Classified As Investing Activities Repayment of finance lease receivables The cash inflow from repayment to the entity of finance lease receivables, classified as investing activities. Payment of Financing Fees Classified As Financing Activities Payment of financing fees The cash outflow for payment of financing fees, classified as financing activities. Other Finance Expense Paid Classified As Financing Activities Other finance expense paid The cash outflow for other finance expense paid, classified as financing activities. Drawdown of Trust Receipts Classified As Financing Activities Drawdown of trust receipts The cash inflow from drawdown of trust receipts, classified as financing activities. Repayment of Trust Receipts Classified As Financing Activities Repayment of trust receipts The cash outflow for repayment of trust receipts, classified as financing activities. Adjustments for: - amortisation of intangible assets - depreciation charge - gain on disposal of vessels - interest income - interest expense - share-based payments Net cash flows from operating activities before changes in working capital - inventories - trade and other receivables - trade and other payables - derivative financial instruments Tax paid Additions in property, plant and equipment Additions in intangible assets Proceeds from sale of assets held-for-sale Repayments of bank borrowings Payment of lease liabilities Interest paid Net cash used in financing activities Cash flows from operating activities Lease liabilities Interest rate swaps Reconciliation of liabilities arising from financing activities Increase (Decrease) Through Non Cash Changes Liabilities Arising from Financing Activities Increase (decrease) through non-cash changes, liabilities arising from financing activities The increase (decrease) in liabilities arising from financing activities resulting from non-cash changes. Cash changes: Non-cash changes: Changes in fair value of interest rate swaps Additions to lease liabilities Vessel Operating Expenses Vessel operating expenses The amount of vessel operating expenses. Time Charter Contracts Non Lease Components Expenses Time charter contracts (non-lease components) The amount of expense arising from time charter contracts (non-lease components). Finance lease income Gain on disposal of vessels Foreign currency exchange loss - net Currency translation reserve Vessels and dry docking Assets held-for-sale Borrowings Total transactions with owners, recognised directly in equity CONSOLIDATED STATEMENT OF CHANGES IN EQUITY Other reserves New or revised accounting standards and interpretations Subsequent events Listing of companies in the Group Dividends paid Segment information Financial risk management Related party transactions Trade and other payables Borrowings Share capital and other reserves Cash and cash equivalents Trade and other receivables Inventories Property, plant and equipment Income tax expense Basic and diluted earnings per share Employee compensation Expenses by nature General information Basis of preparation Revenue and income recognition Property, plant and equipment Impairment of non-financial assets Derivative financial instruments and hedging activities Financial assets Borrowings Borrowing costs Trade and other payables Leases Fair value estimation of financial assets and liabilities Inventories Provisions for other liabilities and charges Foreign currency translation Employee benefits Offsetting financial instruments Cash and cash equivalents Income tax Dividend to Company’s shareholders Segment reporting Commodity contracts Contingent liabilities Critical accounting estimates, assumptions and judgements Interest income Group accounting Subsidiaries Transactions with non-controlling interests Joint venture Depreciation Equity Investments Functional and presentation currency Share-based compensation Share capital Treasury shares Non–current assets (or disposal groups) held-for-sale Disclosure of authorisation of financial statements Statement of IFRS compliance Description of accounting policy for interest income and expense Description of accounting policy for business combinations and goodwill Description of accounting policy for business combinations Description of accounting policy for goodwill Disclosure of impairment of assets Description of accounting policy for derecognition of financial instruments Description of accounting policy for cash flows Description of accounting policy for restricted cash and cash equivalents Description of accounting policy for non-current assets or disposal groups classified as held for sale Disclosure of auditors' remuneration Disclosure of general and administrative expense Disclosure of other operating income (expense) Disclosure of other operating income Disclosure of other operating expense Description of accounting policy for earnings per share Disclosure of tax receivables and payables Disclosure of depreciation and amortisation expense Finance lease receivables and Lease liabilities Disclosure of prepayments and other assets Assets held-for-sale Disclosure of non-current assets or disposal groups classified as held for sale Disclosure of cash flow statement Disclosure of restricted cash and cash equivalents Issued and fully paid share capital Share premium, Capital reserve, Other reserve and Share-based payment reserve Treasury shares Disclosure of collateral Disclosure of information about key management personnel Commitments Disclosure of commitments Market risk Credit risk Liquidity risk Capital risk Disclosure of going concern Disclosure of financial instruments Dividends proposed or declared before financial statements authorised for issue but not recognised as distribution to owners Dividends proposed or declared before financial statements authorised for issue but not recognised as distribution to owners per share Dividends recognised as distributions to owners per share Disclosure of non-controlling interests Disclosure of accrued expenses and other liabilities Disclosure of expenses Disclosure of fair value measurement Description of accounting policy for impairment of assets Disclosure of interest expense Description of accounting policy for repairs and maintenance Voyage Expenses Voyage expenses - Shipping The amount of expense arising from voyage related costs and commissions. Other finance expenses Finance expenses - net Other comprehensive (loss)/income: Items that may be reclassified subsequently to profit or loss: Earnings per share attributable to the equity holders of the Company: Net cash from operating activities Cash flows from investing activities Cash flows from financing activities Share options exercised Changes in non-controlling interests arising from changes of interests in subsidiary Contributions from non-controlling interests Revenue Other receivables Deferred tax assets Contributions from non-controlling interests Acquisition of subsidiary Derivative financial instruments Depreciation Write-back of impairment charge on vessels Profit after tax Total comprehensive income: Profit after tax - write-back of impairment charge on vessels Investment in joint venture Dividend payment to non-controlling interests Increase (Decrease) Through Non Cash Changes on Interest Expense (Income) Liabilities Arising from Financing Activities Interest expense/(income) The increase (decrease) in liabilities arising from financing activities resulting from non-cash changes on interest expense/(income). Decrease Through Disposal Of Lease Liabilities Arising From Financing Activities The decrease in liabilities arising from financing activities resulting from disposal of lease liabilities. Disposal Investment in subsidiaries with material non-controlling interests Total changes in working capital Increase (Decrease) Through Cash Changes on Principal and Interest (Payments) Receipts Liabilities Arising from Financing Activities Principal and interest (payments)/receipts The increase (decrease) in liabilities arising from financing activities resulting from cash changes on principal and interest (payments)/receipts. Cash and cash equivalents at beginning of the financial year Cash and cash equivalents at end of the financial year Revenue from Product Services The amount of revenue arising from the rendering of product services. Revenue - Product Services Revenue - Shipping Share-based payment reserve Description of accounting policy for hedging Description of accounting policy for deferred income tax Disclosure of deferred taxes Disclosure of borrowing costs Material accounting policies Cost of Cargo and Delivery Expenses Product Services Cost of cargo and delivery expenses - Product Services The amount of expense arising from cost of cargo and delivery expense. Gain (Loss) on Derecognition of Right of Use Assets Loss on derecognition of right-of-use assets (vessels) The gain (loss) on on derecognition of right-of-use assets (vessels). Investment in joint venture Acquisition of subsidiary, net of cash acquired Dividend payment Increase (Decrease) Through Cash Changes on Proceeds from Bank Borrowings and Trust Receipts Proceeds from bank borrowings and trust receipts The increase (decrease) in liabilities arising from financing activities resulting from cash changes on proceeds from bank borrowings and trust receipts. Proceeds from bank borrowings and trust receipts Increase (decrease) through cash changes, liabilities arising from financing activities Basic earnings per share Property Plant and Equipment including Right of use Assets Property, plant and equipment The amount of property, plant and equipment including right-of-use assets whose underlying assets would be presented as property, plant and equipment if they were owned. Contributed Surplus [Member] Contributed surplus This member stands for a component of equity representing the contributed surplus. Shares cancellation Adjustments for Derivative Financial Instruments - derivative financial instruments Adjustments for derivative financial instruments to reconcile profit (loss) to net cash flow from (used in) operating activities. Total comprehensive (loss)/income Fair value gain from equity financial asset Other operating income/(expense) - net Items that will not be reclassified to profit or loss: Equity investments at FVOCI - fair value loss - fair value gain/(loss) Equity financial assets, at FVOCI Equity financial assets, at FVPL Other comprehensive income/(loss) Effects of re-domiciliation Increase Decrease Through Effects of ReDomiciliation The increase (decrease) in equity resulting from effects of re-domiciliation. Increase Decrease Through Transfer to Tonnage Tax Reserve Transfer to tonnage tax reserve The increase (decrease) in equity resulting from transfer to tonnage tax reserve. Share capital reduction of subsidiary Transfer of treasury shares Sale of treasury shares Issue of new shares Adjustments for Gains (Losses) on Derecognition of Right of Use Assets - loss on derecognition of right-of-use assets (vessels) Adjustments for gains (losses) on derecognition of right-of-use assets to reconcile profit (loss) to net cash flow from (used in) operating activities. Adjustments for Gains Losses on Change in Fair Value of Financial Assets - fair value gain from equity financial asset Adjustments for gains (losses) on changes in the fair value of financial assets to reconcile profit (loss) to net cash flow from (used in) operating activities. Purchase of equity financial asset Net cash (used in)/from investing activities Sale of treasury shares Capital Return to Non Controlling Interests Classified as Financing Activities Capital returns to non-controlling interests The cash outflow for capital returns to non-controlling interests, classified as financing activities. Net increase/(decrease) in cash and cash equivalents Diluted earnings per share Increase Decrease Through Lease Modifications Liabilities Arising From Financing Activities The increase (decrease) in liabilities arising from financing activities resulting from lease modifications. Lease remeasurement Increase Decrease Through Acquisition of Vesse is Liabilities Arising from Financing Activities Acquisition of vessels The increase (decrease) in liabilities arising from financing activities resulting from acquisition of vessels. Acquisition of subsidiary with non-controlling interests Non Cash Transaction Relating to Issuance of Entitys Equity Shares to Seller Included in Acquisition of Vessels The amount of non-cash transaction relating to the issuance of the entity’s equity shares to the seller included in the acquisition of vessels. Amount of non-cash transaction relating to the issuance of the Company’s equity shares to the seller included in the acquisition of vessels Contributed Surplus Contributed surplus A component of equity representing the contributed surplus. Borrowings [Member] Borrowings This member stands for borrowings.