The Company will have a conference call on Monday August 26, 2013 at 11.00 AM Eastern Daylight Time. Participants should dial into the call 10 minutes before the scheduled time using the following numbers: 888-539-3678 (U.S.) or 719-457-2648 (International). The conference participant passcode is 8898817. To access the live webcast please visit: www.ardmoreshipping.com. If you are unable to participate at this time, a replay of the call will be available for two weeks at 888-203-1112 or 719-457-0820. Enter the passcode 8898817 to access the audio replay.
The information provided on the teleconference is only accurate at the time of the conference call, and the Company will take no responsibility for providing updated information.
About Ardmore Shipping CorporationArdmore Shipping Corporation, a company incorporated in the Republic of the Marshall Islands, provides seaborne transportation of petroleum products and chemicals worldwide to oil majors, national oil companies, oil and chemical traders, and chemical companies, with our modern, fuel-efficient fleet of mid-size product and chemical tankers. Our fleet consists of 20 vessels including eight in operation and 12 on order with deliveries expected to begin in January 2014. We are strategically focused on modern, fuel-efficient mid-size product and chemical tankers. Our fuel-efficient operations are designed to enhance our investment returns and provide value-added service to our customers.
Ardmore Shipping LLC Predecessor to Ardmore Shipping Corporation Unaudited Condensed Interim Consolidated Balance Sheet (Expressed in U.S. Dollars, unless otherwise stated)
|ASSETS||Jun 30, 2013||Dec 31, 2012|
|Cash and cash equivalents||$||9,855,950||15,334,123|
|Working capital advances||939,119||1,573,955|
|Advances and deposits||987,595||423,703|
|Amounts due from related parties||-||-|
|Total current assets||14,206,176||19,584,137|
|Vessels and vessel equipment, net||201,614,852||125,478,619|
|Deferred dry dock expenditure, net||2,054,425||2,517,789|
|Vessels under construction||16,518,150||29,012,560|
|Other non-current assets, net||589,555||133,147|
|Deferred finance charges, net||3,975,959||3,234,216|
|Total non-current assets||224,752,941||160,376,331|
|LIABILITIES AND EQUITY|
|Charter revenue received in advance||1,241,426||851,045|
|Amounts due to related parties||600,000||600,000|
|Accrued interest on loans||594,004||502,515|
|Short-term revolving credit facility||-||-|
|Current portion of long-term debt||9,100,000||6,819,918|
|Current portion of capital lease obligations||1,519,486||-|
|Total current liabilities||17,861,482||11,289,397|
|Non-current portion of long-term debt||84,310,000||60,280,082|
|Non-current portion of capital lease obligations||29,620,913||-|
|Total non-current liabilities||113,930,913||60,280,082|
|Additional paid in capital||117,078,877||117,073,252|
|TOTAL LIABILITIES AND EQUITY||$||238,959,117||179,960,468|
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