GRIEG MARITIME GROUP AS

5004 BERGEN

Finances

Return on Equity

42,04 %

Current Ratio

1,73

Debt-to-Equity Ratio

0,65

Key figures (USD)	2022	2021	2020
Revenue	319 297 000	213 969 000	0
Net Income	150 944 000	37 999 000	0
Total Assets	675 929 000	656 221 000	674 980 000
Total Equity	359 066 000	288 406 000	273 483 000

Income (USD)	2022	2021
Revenue	319 297 000	213 969 000
Expenditure	148 735 000	160 288 000
Operating Profit	170 562 000	53 681 000
Financial Income	3 627 000	2 787 000
Financial Costs	18 535 000	18 513 000
Financial Balance	−14 908 000	−15 726 000
Earnings Before Tax	155 654 000	37 955 000
Tax	4 710 000	−44 000
Net Income	150 944 000	37 999 000

Balance (USD)	2022	2021	2020
Total Fixed Assets	531 261 000	550 309 000	612 810 000
Total Current Assets	144 668 000	105 912 000	62 170 000
Total Assets	675 929 000	656 221 000	674 980 000
Total Retained Equity	93 287 000	12 519 000	−2 404 000
Total Equity	359 066 000	288 406 000	273 483 000
Total Long-Term Debt	233 244 000	333 341 000	381 958 000
Total Current Debt	83 619 000	34 473 000	19 539 000
Total Equity and Debt	675 929 000	656 220 000	674 980 000

Cash flow (USD)	2022	2021
Sales Income	292 512 000	198 656 000
Other Income	26 785 000	15 313 000
Revenue	319 297 000	213 969 000
Cost of Goods Sold	74 517 000	110 683 000
Salary Costs	34 716 000	12 354 000
Depreciation	31 726 000	33 171 000
Impairment	0	−4 163 000
Expenditure	148 735 000	160 288 000
Operating Profit	170 562 000	53 681 000
Financial Income	3 627 000	2 787 000
Financial Costs	18 535 000	18 513 000
Financial Balance	−14 908 000	−15 726 000
Dividends	0	0
Net Income	150 944 000	37 999 000

Balance details (USD)	2022	2021	2020
Goodwill	0	0	91 000
Total Intangible Assets	765 000	3 025 000	2 588 000
Real Eastate	518 000	518 000	518 000
Machinery and Plant Facilities	0	0	0
Fixtures	25 000	13 000	42 000
Total Tangible Assets	516 426 000	533 479 000	596 380 000
Total Fiancial Fixed Assets	14 070 000	13 805 000	13 842 000
Total Fixed Assets	531 261 000	550 309 000	612 810 000
Stock	3 856 000	3 388 000	2 307 000
Total Investments	22 997 000	25 052 000	13 967 000
Cash, Bank	110 580 000	68 720 000	30 460 000
Total Current Assets	144 668 000	105 912 000	62 170 000
Total Assets	675 929 000	656 221 000	674 980 000
Total Equity	359 066 000	288 406 000	273 483 000
Short-Term Group Debt	5 106 000	17 000	454 000
Total Long-Term Debt	233 244 000	333 341 000	381 958 000
Creditors	2 766 000	1 424 000	1 362 000
Unpaid Taxes	2 213 000	1 459 000	1 192 000
Dividends	0	0	0
Other Current Debt	7 293 000	8 435 000	12 606 000
Total Current Debt	83 619 000	34 473 000	19 539 000
Total Equity and Debt	675 929 000	656 220 000	674 980 000

Financial indicators	2022	2021	2020
Return on Equity	42,04 %	13,18 %	0 %
Debt-to-Equity Ratio	0,65	1,16	1,4
Operating Profit Margin	53,42 %	25,09 %	-
Current Ratio	1,73	3,07	3,18
Quick Ratio	1,81	3,41	3,61
Equity Ratio	0,53	0,44	0,41
Gross Profit Margin	76,66 %	48,27 %	-