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DERIVATIVE FINANCIAL INSTRUMENTS

6 Months Ended

Jun. 30, 2024

DERIVATIVE FINANCIAL INSTRUMENTS

Derivative financial instruments

NOTE 6 - DERIVATIVE FINANCIAL INSTRUMENTS

	30 June	30 June	31 December
USDm	2024	2023	2023
Fair value of derivatives:
Derivative financial instruments regarding freight and bunkers:
Forward freight agreements - fair value through profit and loss	0.3	26.9	1.7
Bunker swaps - fair value through profit and loss	-0.3	-5.7	-0.2
Bunker swaps - hedge accounting	0.1	-0.8	-0.5
Derivative financial instruments regarding interest and currency exchange rate:
Forward exchange contracts - hedge accounting	-0.6	0.9	0.5
Interest rate swaps - hedge accounting	35.1	49.2	35.3
Total	34.6	70.5	36.8

Derivative financial instruments are recognized in the following balance sheet items:

	30 June	30 June	31 December
USDm	2024	2023	2023
Other receivables	35.5	77.1	37.6
Other liabilities	-0.9	-6.6	-0.8
Total	34.6	70.5	36.8

The fair value hierarchy for the above derivative financial instruments is Level 2.

There are no changes in the methods and assumptions used in determining the fair value of the financial

instruments. Please refer to the Annual Report 2023, page 190.

X

- Definition

The disclosure of derivative financial instruments. [Refer: Derivatives [member]]

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
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-URIDate 2023-03-23

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X

- References

No definition available.

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