Notes And Other Explanatory Information [Abstract]

d'Amico International Shipping S.A. - Filing #4403575

Concept	2022-01-01 to 2022-12-31	2021-01-01 to 2021-12-31
Notes and other explanatory information [abstract]
Disclosure of accounting judgements and estimates [text block]	Critical accounting judgments and key estimates	—
Disclosure of allowance for credit losses [text block]	As at year-end 2022 allowances for credit losses increased by US$ 0.8 million relative to 31 December 2021; the total allowance for trade and other receivables losses as at 31 December 2022 amounted to US$ 1.1 million (2021: US$ 0.2 million).	—
Disclosure of auditors' remuneration [text block]	Expenses in 2022 and 2021, relating to fees charged by the statutory auditor of d'Amico International Shipping and by the auditors of its subsidiaries for the statutory audits of the annual and consolidated financial statements, as well as the review of the consolidated interim financial statements, were as follows:	—
Disclosure of authorisation of financial statements [text block]	On behalf of the Board	—
Disclosure of basis of preparation of financial statements [text block]	basis of the historic cost convention, with the exception of certain financial assets and labilities, which are stated at fair value through profit or loss or other comprehensive income for the effective portion of the hedges.	—
Disclosure of borrowings [text block]		—
Disclosure of cash and cash equivalents [text block]		—
Disclosure of commitments and contingent liabilities [text block]		—
Disclosure of cost of sales [text block]		—
Disclosure of credit risk [text block]	(see also note 24 on credit risk)	—
Disclosure of deferred taxes [text block]	No deferred tax asset has been accounted for as management does not foresee taxable profits against which the accumulated losses could be offset.	—
Disclosure of derivative financial instruments [text block]	Derivative instruments	—
Disclosure of earnings per share [text block]	(1)  Basic earnings per share (e.p.s.) in 2022 was calculated on an average number of 1,222,793,506 outstanding shares, while in 2021 it was calculated on an average number of 1,222,912,808 outstanding shares. There was no dilution effect either in 2022 or in 2021 e.p.s.	—
Disclosure of effect of changes in foreign exchange rates [text block]	Through a sensitivity analysis, we established that net of currency hedges a 10% fluctuation in the U.S. Dollar exchange rate against all other currencies would have resulted in a variation of +/- US$ 1.4 million in the Group's 2022 net result (US$ +/- 1.0 million in 2021). The DIS Group's overall sensitivity to currency risk has not changed significantly from the prior year.	—
Disclosure of employee benefits [text block]	includes also US$ 1.1 million relating to the 2021-2022 rolling period of Long-Term Incentive Plan, granted to the key managers and executive directors of DIS and adopted in 2019.	—
Disclosure of fair value measurement [text block]	Financial Instruments - Fair values and risk management	—
Disclosure of fair value of financial instruments [text block]	The outstanding derivative instruments fair value at the end of the year is shown under Other Current/Non-current financial assets and Other current/Non-current financial liabilities (please refer also to note 14	—
Disclosure of finance income (cost) [text block]		—
Disclosure of finance income [text block]	In 2022, financial income includes realized interest income amounting to US$0.5 million deriving from funds held with financial institutions on deposit and current accounts; the unrealised amount of US$ 2.3 million represents the positive change in the fair value of the ineffective portion of hedging interest-rate swaps amounting to US$ 1.5 million, and of the non-hedging interest rate swaps, amounting to US$ 0.8 million.	—
Disclosure of financial risk management [text block]		—
Disclosure of general and administrative expense [text block]		—
Disclosure of going concern [text block]	The financial statements have been prepared under the assumption that the DIS Group operates on a going concern basis, assuming it will be able to discharge its liabilities as they fall due. The assumption is based on the DIS Group's annual budget and long-term forecast, where liquidity is constantly monitored through cash-flow projections. Furthermore, DIS closely monitors the ratio between its consolidated net worth, defined as the sum of its shareholders' equity and any subordinated shareholder's loan, and its consolidated total assets (for further details refer to disclosure in note n.2)	—
Disclosure of income tax [text block]	Tax	—
Disclosure of information about employees [text block]	Personnel	—
Disclosure of interest expense [text block]	Financial charges in 2022 include realised interest expenses and financial fees amounting to US$14.9 million, comprising US$ 12.8 million of interest on bank loans relating to DIS' owned vessels, overdraft facilities and the realised result on interest rate swaps, as well as US$ 2.2 million in financial fees or amortisation of such fees	—
Disclosure of interest income [text block]	realized interest income amounting to US$0.03 million deriving from funds held with financial institutions on deposit and current accounts	—
Disclosure of inventories [text block]		—
Disclosure of issued capital [text block]	As at 31 December 2022, the share capital of d'Amico International Shipping amounted to US$ 62,053,278.45 corresponding to 1,241,065,569 ordinary shares with no nominal value (31 December 2021: US$ 62,052,778.45 corresponding to 1,241,055,569 ordinary shares with no nominal value).	—
Disclosure of leases [text block]		—
Disclosure of liquidity risk [text block]	Liquidity risk	—
Disclosure of market risk [text block]	Market risk	—
Disclosure of non-current assets or disposal groups classified as held for sale [text block]		—
Disclosure of objectives, policies and processes for managing capital [text block]	The capital structure is reviewed during the year and, if needed, adjusted depending on the Group's capital requirements, changes in the general economic conditions and industry risk characteristics. The Group monitors its capital on the basis of the 'assets cover ratio' equal to the sum of  the outstanding amounts on its facilities and lease liabilities over the fair market value of the owned and bareboat vessels. (see further details in notes 12 and 20).	—
Disclosure of other operating expense [text block]		—
Disclosure of prepayments and other assets [text block]	Other prepayments, receivables and accruals amount to US$ 2.0 million (US$ 4.7 million as at 31 December 2021) and represent prepayments for TC-in contracts, other prepayments, and rebillable expenses.	—
Disclosure of provisions [text block]	They include a provision for the cash component of the employee benefits relating to DIS' long-term incentive plan, amounting to US$1.0 million as at December 31, 2022.	—
Disclosure of reserves within equity [text block]	Share premium reserve	—
Disclosure of revenue [text block]		—
Disclosure of revenue from contracts with customers [text block]	All contractual revenues - as defined by IFRS15 - result from freight and demurrage: for these revenues, payment is settled at completion of the voyage, and therefore no performance obligations are recognized to be outstanding.	Costs to fulfil a contract
Disclosure of information about separate financial statements [text block]		—
Disclosure of share capital, reserves and other equity interest [text block]		—
Disclosure of share-based payment arrangements [text block]	The final bonus as calculated above is paid 70% in cash at the end of the vesting period of each Cycle, and the remaining 30% through DIS shares (free of charge) in the two years following the vesting period (15% each year).	—
Disclosure of tax receivables and payables [text block]		—
Disclosure of trade and other payables [text block]		—
Disclosure of trade and other receivables [text block]		—
Disclosure of treasury shares [text block]	Own shares	—