XML 40 R27.htm IDEA: XBRL DOCUMENT
v3.8.0.1

Financial instruments (Tables) | 12 Months Ended
--- | ---
Dec. 31, 2017
Financial instruments (Tables) [Abstract] |
Classes of financial instruments | Classes of financial instruments
(Dollars in thousands) |  | Carrying amount |  |  |  |
Financial assets |  | 2017 |  |  | 2016 |
Cash and cash equivalents* |  |  | 77,292 |  |  |  | 109,295 |
Accounts receivable and accrued revenues |  |  | 42,212 |  |  |  | 34,461 |
Total |  | $ | 119,504 |  |  | $ | 143,756 |
Financial liabilities |  | 2017 |  |  | 2016 |
Accounts payables and accrued expenses |  |  | 17,427 |  |  | $ | 12,378 |
Derivative financial liabilities, current |  |  | 545 |  |  |  | 2,257 |
Current portion long-term debt |  |  | 65,053 |  |  |  | 57,521 |
Long-term debt |  |  | 721,151 |  |  |  | 643,974 |
Derivative financial liabilities, non-current |  |  | - |  |  |  | 442 |
Total financial liabilities |  | $ | 804,177 |  |  | $ | 716,572 |
Categories of financial instruments | Categories of financial instruments
(Dollars in thousands) |  | Carrying amount |
Financial assets |  | 2017 |  |  | 2016 |
Cash and cash equivalents |  |  | 77,292 |  |  |  | 109,295 |
Loans and receivables |  |  | 42,212 |  |  |  | 34,461 |
Total |  | $ | 119,504 |  |  | $ | 143,756 |
(Dollars in thousands) |  |  |  |  |  |  |  |
Financial liabilities |  |  | 2017 |  |  |  | 2016 |
Fair value through profit or loss |  | $ | 545 |  |  | $ | 2,699 |
Financial liabilities at amortized cost |  |  | 803,631 |  |  |  | 713,873 |
Total |  |  | 804,177 |  |  |  | 716,572 |
Derivatives - interest rate swaps | Derivatives - interest rate swaps
|  |  | Notional amount |  |  | Fair value
(Dollars in thousands) | Expires |  | 2017 |  |  | 2016 |  |  | 2017 |  |  | 2016 |
Swap pays 2.7775%, receive floating | Jun. 16, 2017 |  | $ | - |  |  |  | 21,438 |  |  |  | - |  |  |  | 171 |
Swap pays 3.0275%, receive floating | Oct. 24, 2017 |  | $ | - |  |  |  | 22,458 |  |  |  | - |  |  |  | 340 |
Swap pays 3.315%, receive floating | Jun. 29, 2018 |  | $ | 19,396 |  |  |  | 21,438 |  |  |  | 156 |  |  |  | 608 |
Swap pays 3.565%, receive floating | Jun. 29, 2018 |  | $ | 20,417 |  |  |  | 22,458 |  |  |  | 187 |  |  |  | 708 |
Swap pays 2.865%, receive floating | Jun. 29, 2018 |  | $ | 35,729 |  |  |  | 39,813 |  |  |  | 202 |  |  |  | 872 |
Total carrying amount |  |  | $ | 75,542 |  |  |  | 127,604 |  |  |  | 545 |  |  |  | 2,699 |
Interest-bearing debt | Interest-bearing debt
|  |  | Remaining |  | Carrying amount |
(Dollars in thousands) | Interest |  | notional |  |  | 2017 |  |  | 2016 |
Nordea Samco Credit Facility | LIBOR + 2.50 % |  |  | 220,207 |  |  |  | 217,921 |  |  |  | 256,166 |
Credit Agricole Credit Facility | LIBOR + 2.19 % |  |  | 69,315 |  |  |  | 68,591 |  |  |  | 75,601 |
Danish Ship Finance Credit Facility | LIBOR + 2.25 % |  |  | 44,200 |  |  |  | 43,937 |  |  |  | 46,432 |
Nordea/DNB Credit Facility | LIBOR + 2.25 % |  |  | 45,000 |  |  |  | 44,647 |  |  |  | 47,012 |
Nordea/DNB Credit Facility | LIBOR + 2.75 % |  |  | 9,988 |  |  |  | 9,884 |  |  |  | 37,579 |
ABN Amro Credit Facility | LIBOR + 2.60 % |  |  | 121,268 |  |  |  | 119,844 |  |  |  | 128,790 |
Nordea BW VLCC Acquisition Credit Facility | LIBOR + 2.40 % |  |  | 185,346 |  |  |  | 183,119 |  |  |  | - |
Convertible Senior Notes | 4.50% |  |  | 105,826 |  |  |  | 98,262 |  |  |  | 109,916 |
Total carrying amount |  |  |  | 801,150 |  |  |  | 786,204 |  |  |  | 701,495 |
Reconciliation of liabilities arising from financing activities | The table below details changes in liabilities arising from financing activities, including both cash and non-cash changes. Liabilities arising from financing activities are those for which cash flows were, or future cash flows will be, classified in the Company's consolidated statement of cash flows as cash flows from financing activities.
|  |  |  |  |  |  |  |  |  |  |  |  |  | Non-cash changes |  |  |  |  |
|  |  | As of January 1, 2017 |  |  |  | Financing cash flows(1) |  |  | Repurchase convertible notes |  |  |  | Amortization |  |  | Equity component of convertible notes |  |  | Other changes(2) |  |  |  | As of December 31, 2017 |
Bank loans |  |  | 591,579 |  |  |  | 93,157 |  |  |  |  |  |  | 3,206 |  |  |  |  |  |  |  |  |  | 687,942 |
Convertible Senior Notes |  |  | 109,916 |  |  |  |  |  |  |  | (17,104 | ) |  |  | 4,170 |  |  |  | 2,213 |  |  |  | (932 | ) |  |  | 98,262 |
Total (3) |  |  | 701,495 |  |  |  | 93,157 |  |  |  | (17,104 | ) |  |  | 7,375 |  |  |  | 2,213 |  |  |  | (932 | ) |  |  | 786,204 |
| (1) | The cash flows from bank loans make up the net amount of issuance of long-term debt and repayment of long-term debt in the statement of cash flows.
| (2) | Other changes include (gain)/loss from repurchase of convertible notes.
| (3) | The reconciliation does not include interest swaps, which are described in note 8.

X
- Definition The disclosure of interest rate swaps held by the company. + References No definition available. + Details
Name: | dht_DerivativesInterestRateSwapsTextBlock
Namespace Prefix: | dht_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition The disclosure of financial instruments (tables). + References No definition available. + Details
Name: | dht_DisclosureOfFinancialInstrumentsTablesAbstract
Namespace Prefix: | dht_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition The disclosure of detailed information about borrowings. [Refer: Borrowings] + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Name IFRS -Number 7 -IssueDate 2017-01-01 -Paragraph 7 -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IFRS&num=7&date=2017-03-01&anchor=para_7&doctype=Standard -URIDate 2017-03-09 + Details
Name: | ifrs-full_DisclosureOfDetailedInformationAboutBorrowingsExplanatory
Namespace Prefix: | ifrs-full_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition The disclosure of financial assets. [Refer: Financial assets] + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Name IFRS -Number 7 -IssueDate 2017-01-01 -Paragraph 7 -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IFRS&num=7&date=2017-03-01&anchor=para_7&doctype=Standard -URIDate 2017-03-09 + Details
Name: | ifrs-full_DisclosureOfFinancialAssetsExplanatory
Namespace Prefix: | ifrs-full_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition The disclosure of the offsetting of financial assets. [Refer: Financial assets] + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Name IFRS -Number 7 -IssueDate 2017-01-01 -Paragraph 13C -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IFRS&num=7&date=2017-03-01&anchor=para_13C&doctype=Standard -URIDate 2017-03-09 + Details
Name: | ifrs-full_DisclosureOfOffsettingOfFinancialAssetsExplanatory
Namespace Prefix: | ifrs-full_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition The disclosure of the reconciliation of liabilities arising from financing activities. [Refer: Liabilities arising from financing activities] + References Reference 1: http://www.xbrl.org/2003/role/exampleRef -Name IAS -Number 7 -IssueDate 2017-01-01 -Paragraph 44D -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&num=7&date=2017-03-01&anchor=para_44D&doctype=Standard -URIDate 2017-03-09 + Details
Name: | ifrs-full_DisclosureOfReconciliationOfLiabilitiesArisingFromFinancingActivitiesExplanatory
Namespace Prefix: | ifrs-full_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration