| Income Statement (Figures in US$ Thousands) |
FY 2019 |
FY 2018 |
| Revenue |
817,204 |
521,754 |
| Voyage expenses |
(269,930) |
(220,858) |
| TCE income |
547,274 |
300,896 |
| |
|
|
| Net gain from commodity contracts |
1,198 |
- |
| Vessel operating expenses |
(109,602) |
(105,462) |
| General and administrative expenses |
(26,852) |
(27,510) |
| Charter hire expenses |
(14,208) |
(66,874) |
| Finance lease income |
1,171 |
- |
| Other operating (expenses) income - net |
(193) |
3,039 |
| Operating profit before depreciation, amortisation and impairment (EBITDA) |
398,788 |
104,089 |
| |
|
|
| Amortisation charge |
- |
(2,650) |
| Depreciation charge |
(126,273) |
(98,022) |
| Gain on derecognition of right-of-use assets |
10,394 |
- |
| Gain on disposal of assets held-for-sale |
6,950 |
5,727 |
| Write-back of impairment charge/(impairment charge) on vessels |
37,995 |
(33,500) |
| Operating profit/(loss) (EBIT) |
327,854 |
(24,356) |
| Finance expense - net |
(54,640) |
(46,992) |
| Share of profit/(loss) of a joint venture |
3,025 |
(864) |
| Profit/(Loss) before tax for the financial period |
276,239 |
(72,212) |
| Income tax expense |
(2,343) |
(178) |
| Profit/(Loss) after tax for the financial period (NPAT) |
273,896 |
(72,390) |
| Other comprehensive(loss)/income,net of tax |
(18,546) |
3,071 |
| Total comprehensive profit/(loss) for the financial period |
255,350 |
(69,319) |
