Below are the financial statements of Frontline, including the income statement and balance sheet for the company's latest fiscal year. All figures are accurate, verifiable, and fully traceable to the original annual filing where disclosed.
| All figures in millions of USD | 2024 as of 2024-12-31 | 2023 as of 2023-12-31 |
|---|---|---|
| Assets | — | — |
| Current assets | — | — |
| Cash and cash equivalents | 413.53a | 308.32a |
| Marketable securities | 4.03a | 7.43a |
| Trade and other receivables | 128.94a | 124.65a |
| Related party receivables | 8.53a | 19.29a |
| Inventories | 137a | 135.16a |
| Voyages in progress | 100.23a | 110.06a |
| Prepaid expenses and accrued income | 14.46a | 15.75a |
| Derivative instruments | 2a | 0a |
| Other current assets | 17.3a | 7.26a |
| Total current assets | 826.01a | 727.93a |
| Non-current assets | — | — |
| Vessels and equipment | 5,246.7a | 4,633.17a |
| Right-of-use assets | 1.44a | 2.24a |
| Goodwill | 112.45a | 112.45a |
| Derivative instruments | 22.42a | 39.12a |
| Investment in associated companies | 11.79a | 12.39a |
| Prepaid consideration | 0a | 349.15a |
| Other non-current assets | 0a | 6.33a |
| Total assets | 6,220.81a | 5,882.77a |
| Liabilities and equity | — | — |
| Current liabilities | — | — |
| Short-term debt and current portion of long-term debt | 460.32a | 262a |
| Current portion of obligations under leases | 1.15a | 1.1a |
| Related party payables | 35.37a | 47.72a |
| Trade and other payables | 98.81a | 98.23a |
| Total current liabilities | 595.65a | 409.05a |
| Non-current liabilities | — | — |
| Long-term debt | 3,284.07a | 3,194.46a |
| Obligations under leases | 0.45a | 1.43a |
| Other non-current payables | 0.45a | 0.47a |
| Total liabilities | 3,880.63a | 3,605.42a |
| Equity | — | — |
| Share capital | 222.62a | 222.62a |
| Additional paid in capital | 604.69a | 604.69a |
| Contributed surplus | 1,004.09a | 1,004.09a |
| Accumulated other reserves | 1.78a | 0.42a |
| Retained earnings | 507.47a | 446a |
| Total equity attributable to the shareholders of the company | 2,340.65a | 2,277.82a |
| Non-controlling interest | -0.47a | -0.47a |
| Total equity | 2,340.18a | 2,277.35a |
| Total liabilities and equity | 6,220.81a | 5,882.77a |
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