Euronav NV | CIK:0001604481 | 3

  • Filed: 4/17/2018
  • Entity registrant name: Euronav NV (CIK: 0001604481)
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  • SEC filing page: http://www.sec.gov/Archives/edgar/data/1604481/000160448118000007/0001604481-18-000007-index.htm
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    • ifrs-full:DisclosureOfReconciliationOfSummarisedFinancialInformationOfJointVentureAccountedForUsingEquityMethodToCarryingAmountOfInterestInJointVentureExplanatory

    The following table contains a roll forward of the balance sheet amounts with respect to the Group's joint ventures:
     
     
    ASSET
     
    LIABILITY
    (in thousands of USD)
     
    Investments in equity accounted investees
     
    Shareholders loans
     
    Investments in equity accounted investees
     
    Shareholders loans
    Gross balance
     
    (89,338
    )
     
    363,414

     
    (5,880
    )
     
    —

    Offset investment with shareholders loan
     
    105,643

     
    (105,643
    )
     
    —

     
    —

    Balance at January 1, 2015
     
    16,305

     
    257,771

     
    (5,880
    )
     
    —

     
     
     
     
     
     
     
     
     
    Group's share of profit (loss) for the period
     
    51,407

     
    —

     
    —

     
    —

    Group's share of other comprehensive income
     
    1,610

     
    —

     
    —

     
    —

    Capital increase/(decrease) in joint ventures
     
    (1,499
    )
     
    —

     
    5,880

     
    —

    Dividends received from joint ventures
     
    (275
    )
     
    —

     
    —

     
    —

    Movement shareholders loans to joint ventures
     
    —

     
    (45,665
    )
     
    —

     
    —

     
     
     
     
     
     
     
     
     
    Gross balance
     
    (38,095
    )
     
    317,749

     
    —

     
    —

    Offset investment with shareholders loan
     
    58,520

     
    (58,520
    )
     
    —

     
    —

    Balance at December 31, 2015
     
    20,425

     
    259,229

     
    —

     
    —

     
     
     
     
     
     
     
     
     
    Group's share of profit (loss) for the period
     
    40,161

     
    —

     
    —

     
    —

    Group's share of other comprehensive income
     
    1,224

     
    —

     
    —

     
    —

    Group's share on upstream transactions
     
    4,646

     
    —

     
    —

     
    —

    Capital increase/(decrease) in joint ventures
     
    (3,737
    )
     
    —

     
    —

     
    —

    Dividends received from joint ventures
     
    (23,478
    )
     
    —

     
    —

     
    —

    Movement shareholders loans to joint ventures
     
    —

     
    (18,499
    )
     
    —

     
    —

    Business combinations
     
    15,981

     
    (95,738
    )
     
    —

     
    —

     
     
     
     
     
     
     
     
     
    Gross balance
     
    (3,298
    )
     
    203,512

     
    —

     
    —

    Offset investment with shareholders loan
     
    20,165

     
    (20,165
    )
     
    —

     
    —

    Balance at December 31, 2016
     
    16,867

     
    183,348

     
    —

     
    —

     
     
    ASSET
     
    LIABILITY
    (in thousands of USD)
     
    Investments in equity accounted investees
     
    Shareholders loans
     
    Investments in equity accounted investees
     
    Shareholders loans
    Group's share of profit (loss) for the period
     
    29,933

     
    —

     
    —

     
    —

    Group's share of other comprehensive income
     
    483

     
    —

     
    —

     
    —

    Dividends received from joint ventures
     
    (1,250
    )
     
    —

     
    —

     
    —

    Dividend in kind (shares TUKA) received from associate (Note 23)
     
    1,559

     
    —

     
    —

     
    —

    Reclassification of associate to joint venture (Note 23)
     
    136

     
    —

     
    —

     
    —

    Movement shareholders loans to joint ventures
     
    —

     
    (40,750
    )
     
    —

     
    —

     
     
     
     
     
     
     
     
     
    Gross balance
     
    27,565

     
    162,763

     
    —

     
    —

    Offset investment with shareholders loan
     
    3,030

     
    (3,030
    )
     
    —

     
    —

    Balance at December 31, 2017
     
    30,595

     
    159,733

     
    —

     
    —