Condensed Financial Information of DHT Holdings, Inc. (Tables)

12 Months Ended

Dec. 31, 2017

Condensed Financial Information of Parent Company Only Disclosure [Table Text Block]

FINANCIAL POSITION

(Dollars in thousands)

ASSETS	December 31,			December 31,			December 31,
Current assets	2017			2016			2015
Cash and cash equivalents	$	11,540		$	6,043		$	53,645
Accounts receivable and prepaid expenses		249			4,554			406
Deposit for vessel acquisition		114,759			50,138			214,905
Amounts due from related parties		7,992			-			-
Total current assets	$	134,540		$	60,735		$	268,956

Investments in subsidiaries	$	521,801		$	527,149		$	439,955
Loan to subsidiaries		481,012			357,776			201,312
Investment in associate company		201			201			-
Total non-current assets	$	1,003,014		$	885,127		$	641,266

Total assets	$	1,137,555		$	945,862		$	910,222

LIABILITIES AND STOCKHOLDERS' EQUITY
Current liabilities
Accounts payable and accrued expenses	$	1,454		$	1,848		$	1,996
Amounts due to related parties		-			125,870			3,469
Total current liabilities	$	1,454		$	127,718		$	5,465

Non-current liabilities
Long-term debt		98,262			109,916			129,179
Total non-current liabilities	$	98,262		$	109,916		$	129,179

Total liabilities	$	99,716		$	237,634		$	134,644

Stockholders' equity
Stock	$	1,424		$	934		$	929
Paid-in additional capital		1,096,793			839,008			834,769
Accumulated deficit		(60,379	)		(131,714	)		(60,121	)
Total stockholders' equity	$	1,037,838		$	708,228		$	775,578

Total liabilities and stockholders' equity	$	1,137,555		$	945,862		$	910,222

Condensed Income Statement [Table Text Block]

INCOME STATEMENT

(Dollars in thousands)	Jan. 1 - Dec. 31,			Jan. 1 - Dec. 31,			Jan. 1 - Dec. 31,
	2017			2016			2015

Revenues	$	-		$	6,770		$	4,894
Impairment charge		(4,948	)		(18,132	)		(9,500	)
Dividend income		25,415			16,900			125,400
General and administrative expense		(13,764	)		(14,525	)		(12,769	)
Operating income	$	6,703		$	(8,987	)	$	108,025

Interest income	$	21,798		$	14,559		$	10,692
Interest expense		(9,229	)		(11,494	)		(11,340	)
Other financial income/(expenses)		1,020			693			403
Profit for the year	$	20,293		$	(5,228	)	$	107,780

Statement of Comprehensive Income

	Jan. 1 - Dec. 31,		Jan. 1 - Dec. 31,			Jan. 1 - Dec. 31,
	2017		2016			2015

Profit for the year	$	20,293	$	(5,228	)	$	107,780
Other comprehensive income:
Items that will not be reclassified subsequently to profit or loss:		-		-			-
Items that may be reclassified subsequently to profit or loss:		-		-			-
Total comprehensive income for the period	$	20,293	$	(5,228	)	$	107,780

Attributable to the owners	$	20,293	$	(5,228	)	$	107,780

Cash Flow

CASH FLOW

(Dollars in thousands)	Jan. 1 - Dec. 31,			Jan. 1 - Dec. 31,			Jan. 1 - Dec. 31,
	2017			2016			2015

Cash Flows from Operating Activities:
Profit for the year	$	20,293		$	(5,228	)	$	107,780
Items included in net income not affecting cash flows:
Amortization		4,170			4,982			4,571
Impairment charge		4,948			18,132			-
Compensation related to options and restricted stock		4,948			7,365			6,911
(Gain)/loss purchase convertible bond		(1,035	)		-			-
Changes in operating assets and liabilities:
Accounts receivable and prepaid expenses		4,305			(4,148	)		(7	)
Accounts payable and accrued expenses		(291	)		(148	)		(1,980	)
Amounts due to related parties		11,782			122,401			358
Net cash provided by operating activities	$	49,119		$	143,357		$	117,632

Cash flows from Investing Activities
Investments in subsidiaries	$	-		$	(1,022	)	$	(9,486	)
Loan to subsidiaries		82,814			(63,985	)		(47,564	)
Investment in vessels under construction		(86,004	)		(32,219	)		(40,409	)
Net cash used in investing activities	$	(3,191	)	$	(97,227	)	$	(97,458	)

Cash flows from Financing Activities
Cash dividends paid		(23,328	)		(66,365	)		(49,194	)
Purchase of treasury shares		-			(2,031	)		-
Purchase of convertible bonds		(17,104	)		(25,334	)		-
Net cash used in financing activities	$	(40,431	)	$	(93,731	)	$	(49,194	)

Net increase/(decrease) in cash and cash equivalents	$	5,497		$	(47,602	)	$	(29,019	)
Cash and cash equivalents at beginning of period		6,043			53,645			82,664
Cash and cash equivalents at end of period	$	11,540		$	6,043		$	53,645

Reconciliation of profit/(loss) [Table Text Block]

A reconciliation of the profit/(loss) and equity of the parent company only between cost method of accounting and equity method of accounting for investments in its subsidiaries are as follows:

(Dollars in thousands)	Jan. 1 - Dec. 31,			Jan. 1 - Dec. 31,			Jan. 1 - Dec. 31,
	2017			2016			2015

Profit/(Loss) Reconciliation
Profit/(loss) of the parent company only under cost method off accounting	$	20,293		$	(5,228	)	$	107,780
Additional profit/(loss) if subsidiaries had been accounted for using equity method of accounting as opposed to cost method of accounting		(13,664	)		14,467			(2,456	)
Profit of the parent company only under equity method of accounting	$	6,628		$	9,239		$	105,325

Equity Reconciliation [Table Text Block]

(Dollars in thousands)	December 31,			December 31,
	2017			2016
Equity Reconciliation
Equity of the parent company only under cost method of accounting	$	1,037,838		$	708,228
Additional profit if subsidiaries had been accounted for using equity method of accounting as opposed to cost method of accounting		(16,253	)		(2,588	)
Equity of the parent company only under equity method of accounting	$	1,021,586		$	705,640