RE: Interims12 Dec 2023 15:12
Hi yes I am here ...I have looked at the interims..a mixed bag , on the positive side , the charter rates have gone up considerably since the half year end , so we should be in for a bumper second half year
The really bad news is that the value of the shipping fleet decreased by a huge amount , hence the size of the loss in the consolidated income statement
To answer your question , the capital costs DONT go through profit and loss they go through the Balance Sheet , if over the 6 months period though the value attributed to the size of the fleet falls ( just like if the value of your house falls ) then the reduction in value DOES go through the income statement as a loss on revaluation
Given that shipping charter rates have since increased substantially since the half year end , the value of the fleet should now increase in value , and that increase will show up as profit in the year end consolidated income statement .
I hope that makes sense
Candid