The assets held for sale comprised four towage vessels.
The carrying amounts of the vessels of US$5,820,000
represented the estimated fair value less costs to sell and
reclassified from property, plant and equipment (Note 6)
Accounting policy – Assets held for sale
Assets are classified as held for sale when their
carrying amount is to be recovered principally through
a sale transaction and a sale is considered highly
probable. They are stated at the lower of carrying
amount and fair value less costs to sell.