|
Period
($000)
|
Year ended
Dec. 31, 2016
|
Year ended
Dec. 31, 2015
|
Year ended
Dec. 31, 2014
|
Year ended
Dec. 31, 2013
|
Year ended
Dec. 31, 2012
|
|||||||||||||||
|
Earnings available for fixed charges
|
||||||||||||||||||||
|
Profit/(loss) before tax
|
$
|
9,354
|
$
|
105,430
|
$
|
12,973
|
$
|
(3,919
|
)
|
$
|
(93,892
|
)
|
||||||||
|
Less share of profit from associated companies
|
(649
|
)
|
(467
|
)
|
(86
|
)
|
||||||||||||||
|
Less capitalized interest
|
(1,293
|
)
|
(2,271
|
)
|
(1,048
|
)
|
||||||||||||||
|
Plus dividend from associated companies
|
242
|
120
|
107
|
|||||||||||||||||
|
Plus amortization of capitalized interest
|
116
|
3
|
||||||||||||||||||
|
Plus fixed charges
|
36,363
|
35,908
|
15,334
|
4,784
|
7,330
|
|||||||||||||||
|
Total Earnings available for fixed charges
|
$
|
44,133
|
$
|
138,723
|
$
|
27,280
|
$
|
865
|
$
|
-86,562
|
||||||||||
|
Fixed Charges:
|
||||||||||||||||||||
|
Interest expense incl. amortization of debt issuance cost
|
$
|
35,070
|
33,637
|
14,286
|
4,784
|
7,330
|
||||||||||||||
|
Plus capitalized interest
|
1,293
|
2,271
|
1,048
|
|||||||||||||||||
|
Total Fixed Charges
|
$
|
36,363
|
$
|
35,908
|
$
|
15,334
|
$
|
4,784
|
$
|
7,330
|
||||||||||
|
Ratio of Earnings to Fixed Charges
|
1.21
|
3.86
|
1.78
|
0.18
|
-11.81
|
|||||||||||||||