KNUTSEN PRODUKT TANKER XII AS

5529 HAUGESUND

Finances

Share Ownership

Return on Equity

29,1 %

Current Ratio

3,65

Debt-to-Equity Ratio

0,28

Key figures (NOK)	2022	2021	2020	2019
Revenue	132 650 000	100 436 000	116 253 000	118 687 000
Net Income	55 288 000	9 343 000	−24 650 000	−39 905 000
Total Assets	247 789 000	396 974 000	435 918 000	411 067 000
Total Equity	190 024 000	230 354 000	200 010 000	182 660 000

Income (NOK)	2022	2021	2020	2019
Revenue	132 650 000	100 436 000	116 253 000	118 687 000
Expenditure	74 154 000	83 904 000	128 684 000	141 646 000
Operating Profit	58 495 000	16 532 000	−12 431 000	−22 958 000
Financial Income	195 000	852 000	435 000	740 000
Financial Costs	3 403 000	8 041 000	12 654 000	17 686 000
Financial Balance	−3 208 000	−7 189 000	−12 219 000	−16 946 000
Earnings Before Tax	55 288 000	9 343 000	−24 650 000	−39 905 000
Tax	0	0	0	0
Net Income	55 288 000	9 343 000	−24 650 000	−39 905 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	231 820 000	339 213 000	357 294 000	383 372 000
Total Current Assets	15 969 000	57 761 000	78 625 000	27 695 000
Total Assets	247 789 000	396 974 000	435 918 000	411 067 000
Total Retained Equity	85 631 000	30 343 000	0	0
Total Equity	190 024 000	230 354 000	200 010 000	182 660 000
Total Long-Term Debt	53 389 000	129 079 000	175 959 000	222 838 000
Total Current Debt	4 376 000	37 541 000	59 949 000	5 569 000
Total Equity and Debt	247 789 000	396 974 000	435 918 000	411 067 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	110 061 000	100 436 000	116 253 000	118 687 000
Other Income	22 589 000	0	0	0
Revenue	132 650 000	100 436 000	116 253 000	118 687 000
Cost of Goods Sold	0	0	0	0
Salary Costs	41 894 000	39 524 000	42 204 000	39 833 000
Depreciation	30 006 000	31 968 000	32 196 000	34 221 000
Impairment	−34 111 000	−10 877 000	22 709 000	34 648 000
Expenditure	74 154 000	83 904 000	128 684 000	141 646 000
Operating Profit	58 495 000	16 532 000	−12 431 000	−22 958 000
Financial Income	195 000	852 000	435 000	740 000
Financial Costs	3 403 000	8 041 000	12 654 000	17 686 000
Financial Balance	−3 208 000	−7 189 000	−12 219 000	−16 946 000
Dividends	0	0	0	0
Net Income	55 288 000	9 343 000	−24 650 000	−39 905 000

Balance details (NOK)	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	0	0	0	0
Total Tangible Assets	231 820 000	339 213 000	357 294 000	383 372 000
Total Fiancial Fixed Assets	0	0	0	0
Total Fixed Assets	231 820 000	339 213 000	357 294 000	383 372 000
Stock	2 047 000	2 029 000	1 363 000	1 735 000
Total Investments	0	0	0	0
Cash, Bank	5 067 000	6 746 000	6 744 000	6 921 000
Total Current Assets	15 969 000	57 761 000	78 625 000	27 695 000
Total Assets	247 789 000	396 974 000	435 918 000	411 067 000
Total Equity	190 024 000	230 354 000	200 010 000	182 660 000
Short-Term Group Debt	150 000	21 160 000	28 071 000	0
Total Long-Term Debt	53 389 000	129 079 000	175 959 000	222 838 000
Creditors	2 245 000	1 090 000	2 909 000	2 852 000
Unpaid Taxes	0	0	0	0
Dividends	0	0	0	0
Other Current Debt	1 981 000	15 292 000	28 969 000	2 716 000
Total Current Debt	4 376 000	37 541 000	59 949 000	5 569 000
Total Equity and Debt	247 789 000	396 974 000	435 918 000	411 067 000

Financial indicators	2022	2021	2020	2019
Return on Equity	29,1 %	4,06 %	−12,32 %	−21,85 %
Debt-to-Equity Ratio	0,28	0,56	0,88	1,22
Operating Profit Margin	44,1 %	16,46 %	−10,69 %	−19,34 %
Current Ratio	3,65	1,54	1,31	4,97
Quick Ratio	6,86	1,63	1,34	7,22
Equity Ratio	0,77	0,58	0,46	0,44
Gross Profit Margin	100 %	100 %	100 %	100 %