Scorpio Tankers Inc. | CIK:0001483934 | 3

  • Filed: 3/23/2018
  • Entity registrant name: Scorpio Tankers Inc. (CIK: 0001483934)
  • Generator: Workiva (WebFilings)
  • SEC filing page: http://www.sec.gov/Archives/edgar/data/1483934/000148393418000015/0001483934-18-000015-index.htm
  • XBRL Instance: http://www.sec.gov/Archives/edgar/data/1483934/000148393418000015/stng-20171231.xml
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  • EDGAR Dashboard: https://edgardashboard.xbrlcloud.com/edgar-dashboard/?cik=0001483934
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    • ifrs-full:DisclosureOfDetailedInformationAboutBusinessCombinationsExplanatory

    The following represents the preliminary purchase price allocation for both the NPTI Vessel Acquisition and the September Closing. The consideration transferred for the September Closing has been measured at fair value, with the fair value of the common shares issued in September 2017 based on the average of the high and low price of such shares on the date of acquisition.
    In thousands of U.S. Dollars
    NPTI Vessel Acquisition
    September Closing
    Cash and cash equivalents
    $
    6,180

    $
    15,149

    Restricted cash
    —

    13,641

    Trade receivables
    3,330

    16,323

    Prepaid expenses and other assets
    2,932

    19,940

    Inventories
    299

    1,415

    Restricted cash - non-current
    4,000

    6,380

    Vessels, net
    158,500

    972,750

    Accounts payable and accrued expenses
    (13,720
    )
    (2,966
    )
    Debt (current and non-current)
    (113,856
    )
    (793,519
    )
    Redeemable Preferred Shares
    —

    (39,495
    )
    Net assets acquired and liabilities assumed
    47,665

    209,618

    Total purchase price consideration
    42,248

    221,100

    Provisional (bargain purchase) / goodwill
    $
    (5,417
    )
    $
    11,482