Disclosure Of Material Accounting Policy Information [Text Block]
| Concept |
2024-01-01 to 2024-12-31 |
|---|---|
| Disclosure of material accounting policy information [text block] |
4
|
| Description of accounting policy for borrowing costs [text block] |
Advances for vessels under construction
|
| Description of accounting policy for borrowings [text block] |
Interest-bearing borrowings
|
| Description of accounting policy for cash flows [text block] |
Cash flow statement policy
|
| Description of accounting policy for contingent liabilities and contingent assets [text block] |
Contingent liabilities are not recognized in the consolidated financial
|
| Description of accounting policy for depreciation expense [text block] |
Depreciation is calculated on a straight-line basis over the estimated
|
| Description of accounting policy for derivative financial instruments and hedging [text block] |
Derivative financial instruments — Interest rate swaps
|
| Description of accounting policy for determining components of cash and cash equivalents [text block] |
Cash and cash equivalents
|
| Description of accounting policy for discontinued operations [text block] |
A discontinued operation is a component of the Company’s business that represents a separate major line of business or
|
| Description of accounting policy for dividends [text block] |
Dividends and capital distributions to shareholders are recognized in shareholder’s equity in the period when they are authorized.
|
| Description of accounting policy for earnings per share [text block] |
Earnings per share
|
| Description of accounting policy for employee benefits [text block] |
Employee compensation — personnel
|
| Description of accounting policy for expenses [text block] |
Vessel voyage expenses
|
| Description of accounting policy for fair value measurement [text block] |
As of the date of this report, trade and other receivables’ fair value approximates their carrying amount.
|
| Description of accounting policy for fee and commission income and expense [text block] |
Address commissions are discounts provided to charterers under time and voyage charter agreements. Brokerage commissions are
|
| Description of accounting policy for finance costs [text block] |
Deferred financing costs
|
| Description of accounting policy for functional currency [text block] |
Foreign currency translations
|
| Description of accounting policy for impairment of assets [text block] |
Trade receivables include estimated recoveries from hire and freight billings to charterers, net of any provision for doubtful
|
| Description of accounting policy for impairment of financial assets [text block] |
Trade and other receivables
|
| Description of accounting policy for impairment of non-financial assets [text block] |
Impairment of vessels, vessels under construction and right-of-use assets
|
| Description of accounting policy for issued capital [text block] |
Equity
|
| Description of accounting policy for leases [text block] |
Long-term borrowings also include arrangements such as sale and leaseback transactions
|
| Description of accounting policy for measuring inventories [text block] |
Inventories
|
| Description of accounting policy for interest income and expense [text block] |
Interest income and finance cost
|
| Description of accounting policy for non-current assets or disposal groups classified as held for sale and discontinued operations [text block] |
Vessels held for sale and discontinued operations
|
| Description of accounting policy for property, plant and equipment [text block] |
Vessels and depreciation
|
| Description of accounting policy for provisions [text block] |
Provisions and contingencies
|
| Description of accounting policy for recognition of revenue [text block] |
Vessel revenue recognition
|
| Description of accounting policy for repairs and maintenance [text block] |
Vessel operating expenses
|
| Description of accounting policy for restricted cash and cash equivalents [text block] |
Restricted cash
|
| Description of accounting policy for segment reporting [text block] |
Segment Information
|
| Description of accounting policy for subsidiaries [text block] |
3
|
| Description of accounting policy for taxes other than income tax [text block] |
Taxation
|
| Description of accounting policy for termination benefits [text block] |
Termination benefits are those benefits which are payable when employment is terminated before the normal retirement date, or
|
| Description of accounting policy for trade and other payables [text block] |
Trade payables
|
| Description of accounting policy for treasury shares [text block] |
Treasury shares
|