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Investment in associate company | 12 Months Ended
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Dec. 31, 2021
Investment in associate company [Abstract] |
Investment in associate company | Note 16 - Investment in associate company DHT Holdings, Inc. owns 50% of Goodwood Ship Management Pte. Ltd. and as of December 31, 2021, Goodwood was the technical manager for 24 of the Company’s vessels.
(Dollars in thousands) |  | 2021 |  |  | 2020
Investment in associate company |  | $ | 5,406 |  |  | $ | 5,233
Details of associate are as follows:
Name of associate |  | Principal activities |  | Place of incorporation and business |  | Effective equity interest
|  |  |  |  |  | 2021 |  | 2020
Goodwood Ship Management Pte. Ltd. |  | Ship management |  | Singapore |  | 50% |  | 50%
The following summarizes the share of profit of the associate that is accounted for using the equity method:
(Dollars in thousands) |  |  |  |  |  |
Company’s share of |  | 2021 |  |  | 2020 |
Profit after taxation |  | $ | 1,278 |  |  | $ | 1,193 |
Other comprehensive income for the year, net of tax |  | $ | (74 | ) |  | $ | 104 |
Total comprehensive income for the year |  | $ | 1,204 |  |  | $ | 1,297 |

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