Belships is an owner and operator of dry bulk tonnage on long term charters to reputable customers. The company is also providing ship management services. The product tank activity was terminated in first quarter 2014.
Belships ASA is registered in Norway and listed on the Oslo Stock Exchange. The head office is located in Lilleakerveien 4 in Oslo, Norway.
Copies of the consolidated financial statements may be downloaded from www.belships.com, or by inquiry to the company’s head office.
The consolidated financial statements have been approved by the Board on 19 March 2015.
All amounts in the notes are in USD 1 000 unless otherwise stated.
Belships has obtained approval from Oslo Stock Exchange and Norwegian tax authorities to publish its financial statements only in English.
Change in presentation format Statement of Comprehensive Income
From 2014, operating expenses relating to technical management performed in Singapore have been presented separately on the Statement of Comprehensive Income. Payroll and general administrative expenses is thus only related to Belships ASA (parent company) and the Norwegian subsidiaries Belships Management AS and Belships Chartering AS. The 2013 Statement of Comprehensive Income has been restated accordingly.