Euronav NV | CIK:0001604481 | 3

  • Filed: 4/17/2018
  • Entity registrant name: Euronav NV (CIK: 0001604481)
  • Generator: Workiva (WebFilings)
  • SEC filing page: http://www.sec.gov/Archives/edgar/data/1604481/000160448118000007/0001604481-18-000007-index.htm
  • XBRL Instance: http://www.sec.gov/Archives/edgar/data/1604481/000160448118000007/eurn-20171231.xml
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    • ifrs-full:DisclosureOfRevenueExplanatory

    Revenue and other operating income
    (in thousands of USD)
     
    2017
     
    2016
     
    2015
    Pool Revenue
     
    249,303

     
    340,217

     
    455,617

    Spot Voyages
     
    145,360

     
    203,821

     
    264,799

    Time Charters (Note 19)
     
    118,705

     
    140,227

     
    126,091

    Total revenue
     
    513,368

     
    684,265

     
    846,507


    (in thousands of USD)
     
    2017
     
    2016
     
    2015
    Other operating income
     
    4,902

     
    6,996

     
    7,426


    For the accounting treatment of revenue, we refer to the accounting policies (o) - Revenue.
    The decrease in revenue is mostly related to the decrease in pool and spot voyage revenue which is due to lower freight market conditions.
    Other operating income includes revenues related to the daily standard business operation of the fleet and that are not directly attributable to an individual voyage, such as insurance rebates received based on changes in our vessels' trading patterns.