Company: DSX-PB
Filing Date: 2025-03-21
Form Type: 20-F
Source: 0001562762-25-000050
Chunk: 275

Company: DIANA SHIPPING INC.
Filing Date: 2025-03-21
Form: 20-F
Item: Item 19
Chunk 275
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statements

have

been
prepared in accordance

with U. S. generally

accepted accounting

principles and include

the accounts
of Diana

Shipping Inc.

and its

wholly owned

subsidiaries. All

intercompany balances

and transactions
have

been

eliminated

upon

consolidation.

Under

Accounting

Standards

Codification

(“ ASC”)

810
“ Consolidation”, the Company consolidates entities in which it has a controlling financial interest, by
first

considering

if

an

entity

meets

the

definition

of

a

variable

interest

entity

("VIE")

for

which

the
Company is deemed to be the primary

beneficiary under the VIE model, or if

the Company controls
an

entity

through

a

majority

of

voting

interest

based

on

the

voting

interest

model.

The

Company
evaluates

financial

instruments,

service

contracts,

and

other

arrangements

to

determine

if

any
variable interests relating

to an entity

exist. For entities

in which the

Company has

a variable interest,
the Company determines if the entity

is a VIE by considering whether the entity’s

equity investment
at

risk

is

sufficient

to

finance

its

activities

without

additional

subordinated

financial

support

and
whether the entity’s

at-risk equity holders

have the characteristics

of a controlling

financial interest.
In

performing analysis

of whether

the

Company is

the

primary beneficiary

of

a VIE,

the

Company
considers whether

it individually

has the

power to

direct the

activities of

the VIE

that most

significantly
affect the

entity’s performance

and also

has the

obligation to

absorb losses

or the

right to

receive
benefits of

the VIE

that could

potentially be

significant to

the VIE.

If the

Company holds

a variable
interest in

an entity

that previously

was not

a VIE,

it reconsiders

whether the

entity has

become a
VIE.
b)
Use

of

Estimates:
The

preparation

of

consolidated

financial

statements

in

conformity