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Condensed Financial Information of DHT Holdings, Inc. (parent company only) (Tables)
12 Months Ended
Dec. 31, 2023
Condensed Financial Information of DHT Holdings, Inc. (parent company only) [Abstract]  
Condensed Statement of Financial Position

Condensed Statement of Financial Position
 

 
December 31,
   
December 31,
 
(Dollars in thousands)
 
2023
   
2022
 
ASSETS
           
Current assets
           
Cash and cash equivalents
 
$
8,912
   
$
29,601
 
Accounts receivable and prepaid expenses
   
644
     
749
 
Amounts due from related parties
   
49,368
     
89,980
 
Total current assets
 
$
58,924
   
$
120,330
 
                 
Investments in subsidiaries
 
$
722,671
   
$
375,683
 
Loan to subsidiaries
   
-
     
377,131
 
Total non-current assets
 
$
722,671
   
$
752,814
 
                 
Total assets
 
$
781,595
   
$
873,144
 
                 
LIABILITIES AND STOCKHOLDERS’ EQUITY
               
Current liabilities
               
Accounts payable and accrued expenses
 
$
1,059
   
$
201
 
Total current liabilities
 
$
1,059
   
$
201
 
                 
Stockholders’ equity
               
Stock
 
$
1,610
   
$
1,627
 
Paid-in additional capital
   
1,180,315
     
1,196,239
 
Accumulated deficit
   
(401,389
)
   
(324,923
)
Total stockholders’ equity
 
$
780,536
   
$
872,943
 
                 
Total liabilities and stockholders’ equity
 
$
781,595
   
$
873,144
 
Condensed Income Statement

Condensed Income Statement
 

  Year ended
    Year ended     Year ended  
    December 31,
    December 31,
    December 31,  
(Dollars in thousands)
 
2023
   
2022
   
2021
 
                   
Revenues   $ -     $ -     $ 980  
Impairment charge
   
(699
)
   
(1,234
)
   
(35,149
)
Dividend income
   
119,514
     
77,820
     
70,746
 
General and administrative expense
   
(17,651
)
   
(17,704
)
   
(17,742
)
Operating income/(loss)
 
$
101,164
   
$
58,881
   
$
18,835
 
                         
Interest income
 
$
9,114
   
$
18,823
   
$
17,233
 
Other financial (expense)/income
   
(72
)
   
(141
)
   
26
 
Profit/(loss) for the year
 
$
110,206
   
$
77,563
   
$
36,095
 
Condensed Statement of Comprehensive Income
Condensed Statement of Comprehensive Income


  Year ended
    Year ended     Year ended  
    December 31,
    December 31,
    December 31,
 
(Dollars in thousands)
 
2023
   
2022
   
2021
 
Profit/(loss) for the year
 
$
110,206
   
$
77,563
   
$
36,095
Total comprehensive income/(loss) for the period
 
$
110,206
   
$
77,563
   
$
36,095
Attributable to the owners
 
$
110,206
   
$
77,563
   
$
36,095
Condensed Statement of Cash Flow

Condensed Statement of Cash Flow


  Year ended
    Year ended     Year ended
 
    December 31,     December 31,     December 31,
 
(Dollars in thousands)
 
2023
   
2022
   
2021
 
                   
Cash flows from operating activities
                 
Profit/(loss) for the year
 
$
110,206
   
$
77,563
   
$
36,095
 
Items included in net income not affecting cash flows:
                       
Impairment charge
   
699
     
1,234
     
35,149
 
Compensation related to options and restricted stock
   
2,168
     
3,013
     
3,203
 
Changes in operating assets and liabilities:
                       
Accounts receivable and prepaid expenses
   
105
     
(675
)
   
1,604
 
Accounts payable and accrued expenses
   
858
     
(246
)
   
277
 
Amounts due to related parties
   
10,574
     
(69,740
)
   
(6,834
)
Net cash provided by/(used in) operating activities
 
$
124,611
   
$
11,150
   
$
69,494
 
                         
Cash flows from investing activities
                       
Investments in subsidiaries
  $ -     $ (395 )   $ -  
Loan to subsidiaries
 
$
60,180
   
$
47,744
   
$
(5,004
)
Net cash provided by/(used in) investing activities  
$
60,180
   
$
47,349
   
$
(5,004
)
                         
Cash flows from financing activities
                       
Cash dividends paid
 
$
(186,672
)
 
$
(19,679
)
 
$
(22,083
)
Purchase of treasury shares
   
(18,808
)
   
(24,758
)
   
(32,178
)
Net cash used in financing activities  
$
(205,480
)
 
$
(44,436
)
 
$
(54,261
)
                         
Net increase/(decrease) in cash and cash equivalents  
$
(20,689
)
 
$
14,062
   
$
10,229
 
Cash and cash equivalents at beginning of period
   
29,601
     
15,539
     
5,310
 
Cash and cash equivalents at end of period
 
$
8,912
   
$
29,601
   
$
15,539
 
Profit/(Loss) Reconciliation
Profit/(loss) reconciliation
 
    Year ended
    Year ended
    Year ended  
    December 31,     December 31,
    December 31,
 
(Dollars in thousands)
 
2023
   
2022
   
2021
 
                   
Profit/(loss) of the parent company only under cost method of accounting
 
$
110,206
   
$
77,563
   
$
36,095
 
Additional profit/(loss) if subsidiaries had been accounted for using equity method of accounting as opposed to cost method of accounting
   
50,716
     
(16,107
)
   
(47,776
)
Profit/(loss) of the parent company only under equity method of accounting
 
$
160,922
   
$
61,456
   
$
(11,681
)
Equity Reconciliation
Equity reconciliation

    December 31,     December 31,     December 31,  
(Dollars in thousands)
 
2023
   
2022
   
2021
 
                   
Equity of the parent company only under cost method of accounting
 
$
780,536
   
$
872,943
    $ 836,097  
Additional profit if subsidiaries had been accounted for using equity method of accounting as opposed to cost method of accounting
   
345,217
     
294,501
      310,608  
Equity of the parent company only under equity method of accounting
 
$
1,125,753
   
$
1,167,444
    $ 1,146,706