Company: DSX-PB
Filing Date: 2025-03-21
Form Type: 20-F
Source: 0001562762-25-000050
Chunk: 276

Company: DIANA SHIPPING INC.
Filing Date: 2025-03-21
Form: 20-F
Item: Item 19
Chunk 276
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with

U. S.
generally accepted accounting

principles requires management

to make estimates and

assumptions
that

affect

the

reported

amounts

of

assets

and

liabilities

and

disclosure

of

contingent

assets

and
liabilities at the date of the consolidated financial statements and the reported amounts

of revenues
and expenses during the reporting period.

Actual results could differ from those estimates.
c)
Other Comprehensive

Income /

(Loss):
The Company

separately presents

certain transactions,
which are

recorded directly

as components

of stockholders’

equity.

Other Comprehensive

Income/
(Loss) is presented in a separate statement.
d)
Foreign Currency Translation:
The functional currency of the Company is the U. S. dollar because
the

Company’s

vessels operate

in

international shipping

markets,

and therefore

primarily transact
business

in

U. S.

dollars.

The

Company’s

accounting

records

are

maintained

in

U. S.

dollars.

DIANA SHIPPING INC.

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

December 31, 2024

(Expressed in thousands of U. S. Dollars - except share, per share

data, unless otherwise stated)

F-14

Transactions

involving

other

currencies

during

the

year

are

converted

into

U. S.

dollars

using

the
exchange rates in effect at

the time of the

transactions. At the balance

sheet dates, monetary assets
and liabilities which are denominated in other currencies

are translated into U. S. dollars at the year-
end exchange rates.

Resulting gains or losses

are included in other

operating income/ (loss) in

the
accompanying consolidated statements of income/(loss).
e)
Cash,

Cash Equivalents,

Time

Deposits and

Restricted Cash:
The Company

considers highly
liquid investments such as

time deposits, certificates of

deposit and their equivalents

with an original
maturity

of

up

to

three

months

to

be

cash

equivalents.

Time

deposits

with

maturity

above

three
months are

separately presented

as time

deposits. As

of December

31, 2024

and 202