The Company’s principal financial liabilities consist of long term debt and derivatives. The main purpose of these financial liabilities is to finance the Company’s operations. The Company’s financial assets mainly comprise cash.
The Company is exposed to market risk, credit risk and liquidity risk. The Company’s senior management oversees the management of these risks.
Note 9 – Subsequent Events
On April 14, 2011 the Board of Directors approved a dividend of $0.10 per share to be paid on May 9, 2011 to shareholders of record as of April 29, 2011 amounting to $6.4 million related to the first quarter 2011.