15. Depreciation and amortization Year ended (In thousands of USD)
31-Dec-10
31-Dec-09
Depreciation of seismic equipment
6,770
140
Disposal of seismic equipment
2,825
-
Total
9,595
140
16. Finance costs Year ended (In thousands of USD)
31-Dec-10
31-Dec-09
Interest expenses on senior secured bond
7,499
7,455
Interest expenses on convertible bond
4,114
3,974
Interest expenses on lease arrangements
2,759
658
Other interest expenses
664
-
Realized currency exchange loss
362
92
Unrealized currency exchange loss
963
1,351
Other financial losses
576
-
16,937
13,530
Total
17. Finance income Year ended (In thousands of USD) Interest income from deposit with banks
31-Dec-10
31-Dec-09 114
393
9,547
10,150
247
-
Realized exchange gain
1,448
236
Unrealized exchange gain
1,492
6,909
12,848
17,688
Interest income from subsidiaries Other financial gains
Total
The realized currency gain or loss represents the effect of foreign currency payments made and the unrealized currency gain or loss represents the effect of revaluation of foreign currency financial assets other than those treated as cash flow hedging instruments. Interest income from subsidiaries is interest expenses of the Company charged to the subsidiaries and relates to the borrowings of the Company for the specific purpose of financing the vessel construction projects of the subsidiaries.
96