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Condensed Financial Information of DHT Holdings, Inc. (parent company only) (Tables)
12 Months Ended
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