Euronav NV | CIK:0001604481 | 3

  • Filed: 4/17/2018
  • Entity registrant name: Euronav NV (CIK: 0001604481)
  • Generator: Workiva (WebFilings)
  • SEC filing page: http://www.sec.gov/Archives/edgar/data/1604481/000160448118000007/0001604481-18-000007-index.htm
  • XBRL Instance: http://www.sec.gov/Archives/edgar/data/1604481/000160448118000007/eurn-20171231.xml
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  • EDGAR Dashboard: https://edgardashboard.xbrlcloud.com/edgar-dashboard/?cik=0001604481
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    • ifrs-full:DisclosureOfDetailedInformationAboutBusinessCombinationsExplanatory

    The transaction did not give rise to the recognition of any goodwill:
    (in thousands of USD)
    Fair value at acquisition date
    Consideration transferred
    33,585

    Fair value of pre-existing interests in Larvotto and Fiorano
    (18,633
    )
    Fair value of identifiable net assets
    (67,169
    )
    Fair value of shareholders' loan liabilities versus Bretta Tanker Holdings, transferred to Euronav
    52,217

     
     

    Goodwill
    —

    (in thousands of USD)
    Fair value at acquisition date
    Cash
    15,110

    Shares in Fontvieille and Moneghetti
    (21,498
    )
    Shareholders' loan receivable
    39,973

     
     
    Total consideration transferred
    33,585

    The following table summarizes the recognized amounts of assets acquired and liabilities assumed at the acquisition date.
    (in thousands of USD)
    Fair value at acquisition date
    Property, plant and equipment (Note 8)
    120,280

    Trade receivables
    3,685

    Cash and cash equivalents
    8,355

    Loans and borrowings (Note 15)
    (61,065
    )
    Trade and other payables
    (4,086
    )
     
     

    Total identifiable net assets acquired
    67,169