NOTE 27 — RELATED PARTY TRANSACTIONS
| December 31, | ||||||||||||||||||||||||||||
| 2017 | 2016 | 2015 | ||||||||||||||||||||||||||
| Joint Ventures (a) |
Associates (b) |
Total | Joint Ventures (a) |
Associates (b) |
Total | Total | ||||||||||||||||||||||
| (In millions of US$) | ||||||||||||||||||||||||||||
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Sales of geophysical equipment |
2.6 | 31.0 | 33.6 | 1.3 | 3.9 | 5.2 | 70.5 | |||||||||||||||||||||
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Equipment rentals and services rendered |
13.0 | 8.4 | 21.4 | 9.8 | 18.2 | 28.0 | 60.5 | |||||||||||||||||||||
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Operating Revenue |
15.6 | 39.4 | 55.0 | 11.1 | 22.1 | 33.2 | 131.0 | |||||||||||||||||||||
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Charter expenses |
(23.6 | ) | — | (23.6 | ) | (28.3 | ) | — | (28.3 | ) | (29.9 | ) | ||||||||||||||||
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Ship management expenses |
(24.4 | ) | — | (24.4 | ) | (36.2 | ) | — | (36.2 | ) | (70.6 | ) | ||||||||||||||||
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Costs of services rendered |
(2.5 | ) | (1.5 | ) | (4.0 | ) | (4.1 | ) | (3.6 | ) | (7.7 | ) | (14.6 | ) | ||||||||||||||
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Cost of operations |
(50.5 | ) | (1.5 | ) | (52.0 | ) | (68.6 | ) | (3.6 | ) | (72.2 | ) | (115.1 | ) | ||||||||||||||
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Other financial income (loss) |
0.1 | — | 0.1 | (1.3 | ) | 1.5 | 0.2 | 1.8 | ||||||||||||||||||||
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| Trade accounts and notes receivable, including agency arrangements | 18.1 | 18.7 | 36.8 | 20.7 | 15.6 | 36.3 | 58.1 | |||||||||||||||||||||
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Financial assets (see note 7) |
32.9 | — | 32.9 | 14.9 | — | 14.9 | 62.4 | |||||||||||||||||||||
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Receivables |
51.0 | 18.7 | 69.7 | 35.6 | 15.6 | 51.2 | 120.5 | |||||||||||||||||||||
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| Trade accounts and notes payable, including agency arrangements | 13.1 | 5.5 | 18.6 | 25.9 | 33.6 | 59.5 | 79.2 | |||||||||||||||||||||
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Financial liabilities – Finance lease debt |
— | — | — | 15.0 | — | 15.0 | 16.8 | |||||||||||||||||||||
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Payables |
13.1 | 5.5 | 18.6 | 40.9 | 33.6 | 74.5 | 96.0 | |||||||||||||||||||||
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Future leases commitments |
397.0 | — | 397.0 | 203.5 | — | 203.5 | 236.7 | |||||||||||||||||||||
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Future ship management costs |
169.3 | — | 169.3 | 66.7 | — | 66.7 | 97.7 | |||||||||||||||||||||
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Contractual Obligations |
566.3 | — | 566.3 | 270.2 | — | 270.2 | 334.4 | |||||||||||||||||||||
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| (a) |
Mainly correspond to investments in companies accounted for using the equity method in our Marine acquisition Segment (see note 8); |
| (b) |
Mainly correspond to investments in companies accounted for using the equity method in our Land and Multi-Physics acquisition Segment (see note 8); |
No credit facility or loan was granted to the Company by shareholders during the last three years.