EBIT for the fourth quarter was negative USD 50.9 million (positive USD 28.3 million in Q3 2021) after impairment of USD 86.3 million on the FPSO fleet. Impairment charges were recognised on BW Athena, Espoir Ivoirien, Sendje Berge, Joko Tole, Petróleo Nautipa and Umuroa. The Company also reversed a previous impairment of USD 4.2 million related to the sale of Cidade de São Vicente in the fourth quarter. The impairment reflects reduced expectation of longer term extensions to current contracts for the listed vessels that are still in operation, as well as limited potential for future redeployment of the abovementioned FPSOs that are in lay-up. Share of profit of equity-accounted investees was USD 23.7 million compared to a loss of USD 3.8 million the third quarter and include BW Offshore's share of net result from the ownership in BW Energy.