Odfjell SE Annual Report 2012

odfjell se
The Company`s financial statement does not have any differences between fair value and carrying amount.
Fair value hierarchy
As at 31 December all financial instrument were valued at Level 2. Level 2 is defined where inputs are either directly or indirectly observable
for substantially the full term of the assets and liabilities.
Classification of financial assets and liabilities as at 31 December 2012:
(USD 1 000)
Assets
Derivatives
held as
hedge
instrument
Derivatives
held at fair
value over
the result
Loans and
receivables
Available for
sale investments
Liabilities
recognised
at amortised
cost
Nonfinancial
assets/
liabilities 2012
Cash and cash equivalents – – 133 356 – – – 133 356
Available-for-sale-investments – – – 16 732 – – 16 732
Derivative financial instruments 4 987 1 027 – – – – 6 014
Current receivables – – 230 774 – – – 230 774
Non-current receivables – – 16 882 – – – 16 882
Loan to Group companies – – 606 259 – – – 606 259
Other non-financial assets – – – – – 709 160 709 160
Total assets 4 987 1 027 987 271 16 732 – 709 160 1 719 177
Liabilities
Other current liabilities – – – – 6 244 – 6 244
Loan from subsidiaries – – – – 240 672 – 240 672
Dividend payable – – – – – – –
Derivative financial instruments 6 448 28 007 – – – – 34 455
Interest bearing debt – – – – 581 181 – 581 181
Other non-current liabilities – – – – – – –
Total liabilities 6 448 28 007 – – 828 097 – 862 551
Classification of financial assets and liabilities as at 31 December 2011:
(USD 1 000)
Assets
Derivatives
held as
hedge
instrument
Derivatives
held at fair
value over
the result
Loans and
receivables
Available
for sale investments
Liabilities
recognised
at amortised
cost
Nonfinancial
assets/
liabilities 2011
Cash and cash equivalents – – 70 035 – – – 70 035
Available-for-sale-investments – – – 25 364 – – 25 364
Derivative financial instruments 8 052 2 425 – – – – 10 477
Current receivables – – 4 591 – – – 4 591
Non-current receivables – – 18 324 – – – 18 324
Loan to Group companies – – 566 127 – – – 566 127
Other non-financial assets – – – – – 709 960 709 960
Total assets 8 052 2 425 659 077 25 364 – 709 960 1 404 879
Liabilities
Other current liabilities – – – – 5 449 – 5 449
Loan from subsidiaries – – – – 221 576 – 221 576
Dividend payable – – – – – – –
Derivative financial instruments 13 007 23 803 – – – – 36 810
Interest bearing debt – – – – 523 848 – 523 848
Other non-current liabilities – – – – – – –
Total liabilities 13 007 23 803 – – 750 873 – 787 682
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odfjell annual report 2012