Statement of changes in equity for the year ended 31 December 2021
| (in thousands of US dollars) | Note | Share capital | Share premium | Capital contribution | Merger reserve | Retained earnings/ (accumulated losses)Retained earnings is the only reserve that is available for distribution. | Total |
|---|---|---|---|---|---|---|---|
| Balance at 1 January 2020 | | 57 317 | 923 511 | 101 300 | | (454 650) | |
| Comprehensive loss | | | | | | | |
| Loss for the year | | – | – | – | | (16 965) | (16 965) |
| Balance at 31 December 2020/1 January 2021 | | 57 317 | 923 511 | 101 300 | | (471 615) | 610 513 |
| Comprehensive income | | | | | | | | Profit for the year | | – | – | – | – | 119 246 | 119 246 |
| Transactions with related parties | | | | | | | |
| Merger with a subsidiary | – | – | – | (111 970) | – | (111 970) | |
| Balance at 31 December 2021 | | 57 317 | 923 511 | 101 300 | (111 970) | (352 369) | 617 789 |
The notes are an integral part of these financial statements.