GRIEG SHIPPING II AS

5004 BERGEN

Finances

Share Ownership

Return on Equity

37,67 %

Current Ratio

5,39

Debt-to-Equity Ratio

0,5

Key figures (USD)	2022	2021	2020	2019
Revenue	207 804 000	117 967 000	101 023 000	100 301 000
Net Income	96 876 000	12 886 000	−57 170 000	−4 434 000
Total Assets	394 123 000	376 037 000	390 636 000	460 329 000
Total Equity	257 157 000	160 280 000	147 395 000	204 565 000

Income (USD)	2022	2021	2020	2019
Revenue	207 804 000	117 967 000	101 023 000	100 301 000
Expenditure	102 314 000	97 826 000	145 396 000	91 340 000
Operating Profit	105 489 000	20 141 000	−44 373 000	8 960 000
Financial Income	2 216 000	3 147 000	1 086 000	1 771 000
Financial Costs	10 828 000	10 403 000	13 883 000	15 165 000
Financial Balance	−8 612 000	−7 256 000	−12 797 000	−13 394 000
Earnings Before Tax	96 876 000	12 886 000	−57 170 000	−4 434 000
Tax	0	0	0	0
Net Income	96 876 000	12 886 000	−57 170 000	−4 434 000

Balance (USD)	2022	2021	2020	2019
Total Fixed Assets	348 902 000	342 900 000	367 084 000	438 760 000
Total Current Assets	45 221 000	33 136 000	23 551 000	21 569 000
Total Assets	394 123 000	376 037 000	390 636 000	460 329 000
Total Retained Equity	202 651 000	105 775 000	92 889 000	150 059 000
Total Equity	257 157 000	160 280 000	147 395 000	204 565 000
Total Long-Term Debt	128 577 000	208 788 000	231 051 000	249 273 000
Total Current Debt	8 389 000	6 968 000	12 191 000	6 491 000
Total Equity and Debt	394 123 000	376 037 000	390 636 000	460 329 000

Cash flow (USD)	2022	2021	2020	2019
Sales Income	206 882 000	0	0	0
Other Income	922 000	117 967 000	101 023 000	100 301 000
Revenue	207 804 000	117 967 000	101 023 000	100 301 000
Cost of Goods Sold	59 528 000	56 439 000	48 727 000	47 038 000
Salary Costs	16 759 000	17 665 000	0	17 877 000
Depreciation	21 105 000	20 769 000	23 874 000	23 805 000
Impairment	0	0	51 300 000	0
Expenditure	102 314 000	97 826 000	145 396 000	91 340 000
Operating Profit	105 489 000	20 141 000	−44 373 000	8 960 000
Financial Income	2 216 000	3 147 000	1 086 000	1 771 000
Financial Costs	10 828 000	10 403 000	13 883 000	15 165 000
Financial Balance	−8 612 000	−7 256 000	−12 797 000	−13 394 000
Dividends	0	0	0	0
Net Income	96 876 000	12 886 000	−57 170 000	−4 434 000

Balance details (USD)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	0	0	0	0
Real Eastate	0	0	0	0
Machinery and Plant Facilities	0	0	0	0
Fixtures	970 000	0	0	0
Total Tangible Assets	346 345 000	340 073 000	363 988 000	435 394 000
Total Fiancial Fixed Assets	2 558 000	2 827 000	3 096 000	3 365 000
Total Fixed Assets	348 902 000	342 900 000	367 084 000	438 760 000
Stock	2 863 000	2 673 000	1 788 000	2 342 000
Total Investments	12 632 000	13 677 000	8 131 000	14 789 000
Cash, Bank	9 000	5 000	12 000	155 000
Total Current Assets	45 221 000	33 136 000	23 551 000	21 569 000
Total Assets	394 123 000	376 037 000	390 636 000	460 329 000
Total Equity	257 157 000	160 280 000	147 395 000	204 565 000
Short-Term Group Debt	4 448 000	3 461 000	8 442 000	3 142 000
Total Long-Term Debt	128 577 000	208 788 000	231 051 000	249 273 000
Creditors	1 540 000	988 000	657 000	1 289 000
Unpaid Taxes	0	0	0	0
Dividends	0	0	0	0
Other Current Debt	2 188 000	2 243 000	2 835 000	1 833 000
Total Current Debt	8 389 000	6 968 000	12 191 000	6 491 000
Total Equity and Debt	394 123 000	376 037 000	390 636 000	460 329 000

Financial indicators	2022	2021	2020	2019
Return on Equity	37,67 %	8,04 %	−38,79 %	−2,17 %
Debt-to-Equity Ratio	0,5	1,3	1,57	1,22
Operating Profit Margin	50,76 %	17,07 %	−43,92 %	8,93 %
Current Ratio	5,39	4,76	1,93	3,32
Quick Ratio	8,18	7,72	2,26	5,2
Equity Ratio	0,65	0,43	0,38	0,44
Gross Profit Margin	71,35 %	52,16 %	51,77 %	53,1 %