Investor Presentaiton
74
A.P. Moller-Maersk Annual Report 2020
Note 3 Gain on sale of non-current assets, etc., net
Table 3.1
Gains
Losses
Gain on sale of non-current assets, etc., net
Note 4 Financial income and expenses
Table 4.1
Interest expenses on liabilities¹4
Of which borrowing costs capitalised on assets²
Interest income on loans and receivables
Fair value adjustment transferred from equity hedge reserve (loss)
Net interest expenses
Financials
Consolidated financial statements
Notes index
2020
2019
Table 3.1
293
128
91
57
202
71
Amounts in USD million =
Gains in 2020 primarily related to the sale of containers
of USD 124m, sale of vessels of USD 44m, and to a lesser
extent sale of a facility in China, and gaining control of
Port Towage Amsterdam and Pipavav India terminal.
Gains in 2019 were primarily related to the sale of con-
tainers of USD 81m and sale and leaseback of S-type
vessels and Mitsubishi vessels of USD 12m.
2020
2019
Table 4.1
839
971
For an analysis of gains and losses from derivatives,
reference is made to note 16.
7
23
63
91
40
28
809
885
Exchange rate gains on bank balances, borrowings and working capital
Exchange rate losses on bank balances, borrowings and working capital
Net foreign exchange gains/losses
390
299
629
250
-239
49
Fair value gains from derivatives
Fair value losses from derivatives
Net fair value gains/losses
331
98
137
41
194
57
Dividends received from securities³
1
13
Impairment losses on financial non-current receivables
33
2
Reversal of write-downs of loans and other non-current receivables
Financial expenses, net
7
10
879
758
Of which:
Financial income
Financial expenses
895
1,774
511
1,269
1 Of which USD 468m (USD 477m) relates to interest
expense on lease liabilities.
2 The capitalisation rate used to determine the amount of
borrowing costs eligible for capitalisation is 4.1% (5.2%).
3 Of which USD 1m (USD 1m) pertains to shares held at
the end of the year and USD Om (USD 12m) to shares
sold during the year.
4 Of which USD 33m (USD 12m) relates to loss on prepay-
ment of issued bonds.View entire presentation