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Condensed Financial Information of DHT Holdings, Inc. (parent company only) (Tables) | 12 Months Ended
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Dec. 31, 2022
Condensed Financial Information of DHT Holdings, Inc. (parent company only) [Abstract] |
Condensed Statement of Financial Position | Condensed Statement of Financial Position
(Dollars in thousands) |  |  |  |  |  |
ASSETS |  | December 31, |  |  | December 31, |
Current assets |  | 2022 |  |  | 2021 |
Cash and cash equivalents |  | $ | 29,601 |  |  | $ | 15,539 |
Accounts receivable and prepaid expenses |  |  | 749 |  |  |  | 74 |
Amounts due from related parties |  |  | 89,980 |  |  |  | 90,190 |
Total current assets |  | $ | 120,330 |  |  | $ | 105,803 |
Investments in subsidiaries |  | $ | 375,683 |  |  | $ | 392,489 |
Loan to subsidiaries |  |  | 377,131 |  |  |  | 338,051 |
Investment in associate company |  |  | - |  |  |  | 201 |
Total non-current assets |  | $ | 752,814 |  |  | $ | 730,741 |
Total assets |  | $ | 873,144 |  |  | $ | 836,545 |
LIABILITIES AND STOCKHOLDERS’ EQUITY |  |  |  |  |  |  |  |
Current liabilities |  |  |  |  |  |  |  |
Accounts payable and accrued expenses |  | $ | 201 |  |  | $ | 447 |
Total current liabilities |  | $ | 201 |  |  | $ | 447 |
Stockholders’ equity |  |  |  |  |  |  |  |
Stock |  | $ | 1,627 |  |  | $ | 1,661 |
Paid-in additional capital |  |  | 1,196,239 |  |  |  | 1,217,244 |
Accumulated deficit |  |  | (324,923 | ) |  |  | (382,808 | )
Total stockholders’ equity |  | $ | 872,943 |  |  | $ | 836,097 |
Total liabilities and stockholders’ equity |  | $ | 873,144 |  |  | $ | 836,545 |
Condensed Income Statement | Condensed Income Statement
(Dollars in thousands) |  | Year ended |  |  | Year ended |  |  | Year ended |
|  | December 31, |  |  | December 31, |  |  | December 31, |
|  | 2022 |  |  | 2021 |  |  | 2020 |
Revenues |  | $ | - |  |  | $ | 980 |  |  | $ | - |
Impairment charge |  |  | (1,234 | ) |  |  | (35,149 | ) |  |  | (35,278 | )
Dividend income |  |  | 77,820 |  |  |  | 70,746 |  |  |  | 17,081 |
General and administrative expense |  |  | (17,704 | ) |  |  | (17,742 | ) |  |  | (19,148 | )
Operating income/(loss) |  | $ | 58,881 |  |  | $ | 18,835 |  |  | $ | (37,345 | )
Interest income |  | $ | 18,823 |  |  | $ | 17,233 |  |  | $ | 21,434 |
Interest expense |  |  | - |  |  |  | - |  |  |  | (6,766 | )
Other financial (expense)/income |  |  | (141 | ) |  |  | 26 |  |  |  | 245 |
Profit/(loss) for the year |  | $ | 77,563 |  |  | $ | 36,095 |  |  | $ | (22,433 | )
Condensed Statement of Comprehensive Income | Condensed Statement of Comprehensive Income
(Dollars in thousands) |  | Year ended |  |  | Year ended |  |  | Year ended |
|  | December 31, |  |  | December 31, |  |  | December 31, |
|  | 2022 |  |  | 2021 |  |  | 2020 |
Profit/(loss) for the year |  | $ | 77,563 |  |  | $ | 36,095 |  |  | $ | (22,433 | )
Total comprehensive income/(loss) for the period |  | $ | 77,563 |  |  | $ | 36,095 |  |  | $ | (22,433 | )
Attributable to the owners |  | $ | 77,563 |  |  | $ | 36,095 |  |  | $ | (22,433 | )
Condensed Statement of Cash Flow | Condensed Statement of Cash Flow
(Dollars in thousands) |  | Year ended |  |  | Year ended |  |  | Year ended |
|  | December 31, |  |  | December 31, |  |  | December 31, |
|  | 2022 |  |  | 2021 |  |  | 2020 |
Cash flows from operating activities |  |  |  |  |  |  |  |  |
Profit/(loss) for the year |  | $ | 77,563 |  |  | $ | 36,095 |  |  | $ | (22,433 | )
Items included in net income not affecting cash flows: |  |  |  |  |  |  |  |  |  |  |  |
Amortization |  |  | - |  |  |  | - |  |  |  | 3,250 |
Impairment charge |  |  | 1,234 |  |  |  | 35,149 |  |  |  | 35,278 |
Compensation related to options and restricted stock |  |  | 3,013 |  |  |  | 3,203 |  |  |  | 4,204 |
Changes in operating assets and liabilities: |  |  |  |  |  |  |  |  |  |  |  |
Accounts receivable and prepaid expenses |  |  | (675 | ) |  |  | 1,604 |  |  |  | (805 | )
Accounts payable and accrued expenses |  |  | (246 | ) |  |  | 277 |  |  |  | (2,246 | )
Amounts due to related parties |  |  | (69,740 | ) |  |  | (6,834 | ) |  |  | (43,313 | )
Net cash provided by/(used in) operating activities |  | $ | 11,150 |  |  | $ | 69,494 |  |  | $ | (26,063 | )
Cash flows from investing activities |  |  |  |  |  |  |  |  |  |  |  |
Investments in subsidiaries |  | $ | (395 | ) |  | $ | - |  |  | $ | - |
Loan to subsidiaries |  | $ | 47,744 |  |  | $ | (5,004 | ) |  | $ | 223,550 |
Net cash provided by/(used in) investing activities |  | $ | 47,349 |  |  | $ | (5,004 | ) |  | $ | 223,550 |
Cash flows from financing activities |  |  |  |  |  |  |  |  |  |  |  |
Cash dividends paid |  | $ | (19,679 | ) |  | $ | (22,083 | ) |  | $ | (214,669 | )
Purchase of treasury shares |  |  | (24,758 | ) |  |  | (32,178 | ) |  |  | - |
Net cash used in financing activities |  | $ | (44,436 | ) |  | $ | (54,261 | ) |  | $ | (214,669 | )
Net increase/(decrease) in cash and cash equivalents |  | $ | 14,062 |  |  | $ | 10,229 |  |  | $ | (17,182 | )
Cash and cash equivalents at beginning of period |  |  | 15,539 |  |  |  | 5,310 |  |  |  | 22,492 |
Cash and cash equivalents at end of period |  | $ | 29,601 |  |  | $ | 15,539 |  |  | $ | 5,310 |
Profit/(Loss) Reconciliation | Profit/(loss) reconciliation
|  | Year ended |  |  | Year ended |  |  | Year ended |
|  | December 31, |  |  | December 31, |  |  | December 31, |
(Dollars in thousands) |  | 2022 |  |  | 2021 |  |  | 2020 |
Profit/(loss) of the parent company only under cost method of accounting |  | $ | 77,563 |  |  | $ | 36,095 |  |  | $ | (22,433 | )
Additional profit/(loss) if subsidiaries had been accounted for using equity method of accounting as opposed to cost method of accounting |  |  | (16,107 | ) |  |  | (47,776 | ) |  |  | 288,653 |
Profit/(loss) of the parent company only under equity method of accounting |  | $ | 61,456 |  |  | $ | (11,681 | ) |  | $ | 266,221 |
Equity Reconciliation | Equity reconciliation
|  | December 31, |  |  | December 31, |  |  | December 31, |
(Dollars in thousands) |  | 2022 |  |  | 2021 |  |  | 2020 |
Equity of the parent company only under cost method of accounting |  | $ | 872,943 |  |  | $ | 836,097 |  |  | $ | 850,336 |
Additional profit if subsidiaries had been accounted for using equity method of accounting as opposed to cost method of accounting |  |  | 294,501 |  |  |  | 310,608 |  |  |  | 358,384 |
Equity of the parent company only under equity method of accounting |  | $ | 1,167,444 |  |  | $ | 1,146,706 |  |  | $ | 1,208,720 |

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