Frontline Plc
ISIN: CY0200352116 | Ticker: FRO | LEI: 5493004BCIKYU1YL3H63
Country: Cyprus
Frontline plc is a world leader in the seaborne transportation of crude oil and refined products.
The Company owns and operates one of the largest and most modern fleets in the industry, consisting of VLCCs, Suezmax tankers and LR2 / Aframax tankers. Due to Frontline’s brand, financial flexibility, and significant scale, it holds a unique position among its peers.
Frontline is listed on both the New York and Oslo Stock Exchanges under the symbol “FRO”.
1985
Served areaWorldwide
HeadquartersJohn Kennedy, 8 IRIS BUILDING, 7th floor, Flat/Office 740B, 3106 Limassol – Cyprus
| Line item in (usd) | 01.01.2021 | 01.01.2022 | 01.01.2023 |
|---|---|---|---|
| Assets | 3,911,533,000.00 | 4,106,597,000.00 | 4,768,443,000.00 |
| Construction In Progress | 48,498,000.00 | 130,633,000.00 | 47,991,000.00 |
| Goodwill | 112,452,000.00 | 112,452,000.00 | 112,452,000.00 |
| Investments In Associates Accounted For Using Equity Method | 1,279,000.00 | 555,000.00 | 16,302,000.00 |
| Noncurrent Receivables Due From Related Parties | 1,388,000.00 | 1,388,000.00 | 1,388,000.00 |
| Noncurrent Derivative Financial Assets | 0.00 | 9,675,000.00 | 53,993,000.00 |
| Other Noncurrent Assets | 7,197,000.00 | 3,055,000.00 | 1,507,000.00 |
| Current Assets | 378,319,000.00 | 332,745,000.00 | 881,050,000.00 |
| Inventories | 57,858,000.00 | 80,787,000.00 | 107,114,000.00 |
| Work In Progress | 34,705,000.00 | 38,492,000.00 | 110,638,000.00 |
| Current Trade Receivables | 63,924,000.00 | 73,532,000.00 | 139,467,000.00 |
| Trade And Other Current Receivables Due From Related Parties | 13,255,000.00 | 11,676,000.00 | 13,485,000.00 |
| Cash and cash equivalents | 174,721,000.00 | 113,073,000.00 | 254,525,000.00 |
| Current Restricted Cash And Cash Equivalents | 14,928,000.00 | 0.00 | 0.00 |
| Current Investments | 8,474,000.00 | 2,435,000.00 | 236,281,000.00 |
| Other Current Assets | 2,729,000.00 | 3,851,000.00 | 5,285,000.00 |
| Equity And Liabilities | 3,911,533,000.00 | 4,106,597,000.00 | 4,768,443,000.00 |
| Equity | 1,604,865,000.00 | 1,642,041,000.00 | 2,259,899,000.00 |
| Issued Capital | 197,692,000.00 | 203,531,000.00 | 222,623,000.00 |
| Retained Earnings | 1,330,000.00 | -13,631,000.00 | 428,513,000.00 |
| Share Premium | 1,004,094,000.00 | 1,004,094,000.00 | 1,004,094,000.00 |
| Additional Paidin Capital | 402,021,000.00 | 448,291,000.00 | 604,687,000.00 |
| Equity Attributable To Owners Of Parent | 1,605,337,000.00 | 1,642,513,000.00 | 2,260,371,000.00 |
| Noncontrolling Interests | -472,000.00 | -472,000.00 | -472,000.00 |
| Liabilities | 2,306,668,000.00 | 2,464,556,000.00 | 2,508,544,000.00 |
| Other Noncurrent Payables | 3,739,000.00 | 992,000.00 | 2,053,000.00 |
| Noncurrent Derivative Financial Liabilities | 19,261,000.00 | 5,673,000.00 | 0.00 |
| Longterm Borrowings | 1,908,924,000.00 | 2,126,910,000.00 | 2,112,460,000.00 |
| Current Liabilities | 322,100,000.00 | 287,002,000.00 | 391,659,000.00 |
| Trade And Other Current Payables | 55,002,000.00 | 43,364,000.00 | 81,533,000.00 |
| Trade And Other Current Payables To Related Parties | 19,853,000.00 | 36,250,000.00 | 31,248,000.00 |
| Current Borrowings And Current Portion Of Noncurrent Borrowings | 234,887,000.00 | 198,665,000.00 | 277,854,000.00 |
| Line item in (usd) | 01.01.2021/ 01.01.2022 |
01.01.2022/ 01.01.2023 |
|---|---|---|
| Revenue From Dividends | 18,367,000.00 | 1,579,000.00 |
| Other Income | 4,060,000.00 | 8,040,000.00 |
| Depreciation Expense | -165,205,000.00 | -165,170,000.00 |
| Profit Loss From Operating Activities | 8,475,000.00 | 445,619,000.00 |
| Finance Income | 121,000.00 | 1,479,000.00 |
| Finance Costs | 44,244,000.00 | 45,330,000.00 |
| Profit Loss Before Tax | -10,328,000.00 | 475,949,000.00 |
| Income Tax Expense Continuing Operations | 4,633,000.00 | 412,000.00 |
| Profit (loss) | -14,961,000.00 | 475,537,000.00 |
| Profit Loss Attributable To Owners Of Parent | -14,961,000.00 | 475,537,000.00 |
| Line item in (usd) | 01.01.2021 | 01.01.2022 | 01.01.2023 |
|---|---|---|---|
| Profit (loss) | N/A | -14,961,000.00 | 475,537,000.00 |
| Adjustments For Decrease Increase In Inventories | N/A | -22,929,000.00 | -26,410,000.00 |
| Adjustments For Decrease Increase In Other Operating Receivables | N/A | 7,216,000.00 | -6,351,000.00 |
| Adjustments For Increase Decrease In Trade Account Payable | N/A | -5,533,000.00 | 5,667,000.00 |
| Adjustments For Sharebased Payments | N/A | 185,000.00 | 4,700,000.00 |
| Adjustments For Undistributed Profits Of Associates | N/A | -724,000.00 | 14,243,000.00 |
| Other Adjustments To Reconcile Profit Loss | N/A | 0.00 | 674,000.00 |
| Interest Paid Classified As Operating Activities | N/A | 60,477,000.00 | 83,039,000.00 |
| Interest Received Classified As Operating Activities | N/A | 119,000.00 | 5,094,000.00 |
| Cash Flows From Used In Operating Activities | N/A | 85,261,000.00 | 385,330,000.00 |
| Cash Flows From Losing Control Of Subsidiaries Or Other Businesses Classified As Investing Activities | N/A | 5,625,000.00 | 0.00 |
| Purchase Of Property Plant And Equipment Classified As Investing Activities | N/A | 473,761,000.00 | 335,815,000.00 |
| Cash Flows From Used In Investing Activities | N/A | -374,419,000.00 | -257,320,000.00 |
| Proceeds From Issuing Shares | N/A | 52,447,000.00 | 0.00 |
| Proceeds From Borrowings Classified As Financing Activities | N/A | 403,868,000.00 | 651,248,000.00 |
| Repayments Of Borrowings Classified As Financing Activities | N/A | 219,521,000.00 | 597,834,000.00 |
| Payments Of Lease Liabilities Classified As Financing Activities | N/A | 9,284,000.00 | 2,123,000.00 |
| Dividends Paid Classified As Financing Activities | N/A | 0.00 | 33,393,000.00 |
| Cash Flows From Used In Financing Activities | N/A | 227,510,000.00 | 13,442,000.00 |
| Increase (decrease) in cash and cash equivalents after effect of exchange rate changes | N/A | -61,648,000.00 | 141,452,000.00 |
| Cash and cash equivalents | 174,721,000.00 | 113,073,000.00 | 254,525,000.00 |
Please note that some sums might not add up.
CY0200352116
LEI5493004BCIKYU1YL3H63
SectorOil & Gas Storage & Transportation
Listed Stock ExchangeOBX
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