WESTERN BULK CHARTERING AS

0255 OSLO

Finances

Return on Equity

96,88 %

Current Ratio

1,72

Debt-to-Equity Ratio

0,01

Key figures (USD)	2022	2021	2020	2019
Revenue	1 066 314 000	1 020 338 000	420 153 000	610 873 000
Net Income	65 976 000	81 026 000	3 203 000	−37 969 000
Total Assets	162 613 000	196 631 000	79 345 000	118 045 000
Total Equity	68 104 000	51 127 000	19 807 000	15 982 000

Income (USD)	2022	2021	2020	2019
Revenue	1 066 314 000	1 020 338 000	420 153 000	610 873 000
Expenditure	1 001 751 000	957 560 000	416 629 000	643 029 000
Operating Profit	64 563 000	62 778 000	3 524 000	−32 156 000
Financial Income	4 497 000	24 268 000	1 017 000	325 000
Financial Costs	1 163 000	2 173 000	1 179 000	3 707 000
Financial Balance	3 334 000	22 095 000	−162 000	−3 382 000
Earnings Before Tax	67 897 000	84 873 000	3 362 000	−35 538 000
Tax	1 921 000	3 847 000	159 000	2 431 000
Net Income	65 976 000	81 026 000	3 203 000	−37 969 000

Balance (USD)	2022	2021	2020	2019
Total Fixed Assets	699 000	1 896 000	1 895 000	1 791 000
Total Current Assets	161 914 000	194 735 000	77 450 000	116 254 000
Total Assets	162 613 000	196 631 000	79 345 000	118 045 000
Total Retained Equity	55 632 000	−345 000	3 203 000	0
Total Equity	68 104 000	51 127 000	19 807 000	15 982 000
Total Long-Term Debt	511 000	935 000	1 367 000	2 327 000
Total Current Debt	93 998 000	144 569 000	58 172 000	99 736 000
Total Equity and Debt	162 613 000	196 631 000	79 346 000	118 045 000

Cash flow (USD)	2022	2021	2020	2019
Sales Income	1 615 752 000	1 487 878 000	778 690 000	1 062 723 000
Other Income	−549 438 000	−467 540 000	−358 537 000	−451 850 000
Revenue	1 066 314 000	1 020 338 000	420 153 000	610 873 000
Cost of Goods Sold	0	0	0	0
Salary Costs	0	0	0	0
Depreciation	140 000	151 000	281 000	373 000
Impairment	0	0	0	0
Expenditure	1 001 751 000	957 560 000	416 629 000	643 029 000
Operating Profit	64 563 000	62 778 000	3 524 000	−32 156 000
Financial Income	4 497 000	24 268 000	1 017 000	325 000
Financial Costs	1 163 000	2 173 000	1 179 000	3 707 000
Financial Balance	3 334 000	22 095 000	−162 000	−3 382 000
Dividends	0	0	0	0
Net Income	65 976 000	81 026 000	3 203 000	−37 969 000

Balance details (USD)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	267 000	390 000	740 000	602 000
Real Eastate	0	0	0	0
Machinery and Plant Facilities	0	0	0	0
Fixtures	389 000	372 000	525 000	554 000
Total Tangible Assets	389 000	372 000	525 000	554 000
Total Fiancial Fixed Assets	43 000	1 134 000	630 000	635 000
Total Fixed Assets	699 000	1 896 000	1 895 000	1 791 000
Stock	48 155 000	39 409 000	28 374 000	42 583 000
Total Investments	0	0	0	0
Cash, Bank	68 819 000	122 114 000	30 297 000	37 729 000
Total Current Assets	161 914 000	194 735 000	77 450 000	116 254 000
Total Assets	162 613 000	196 631 000	79 345 000	118 045 000
Total Equity	68 104 000	51 127 000	19 807 000	15 982 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	511 000	935 000	1 367 000	2 327 000
Creditors	14 533 000	8 202 000	8 130 000	10 546 000
Unpaid Taxes	0	0	0	0
Dividends	0	0	0	0
Other Current Debt	67 605 000	67 902 000	49 441 000	87 808 000
Total Current Debt	93 998 000	144 569 000	58 172 000	99 736 000
Total Equity and Debt	162 613 000	196 631 000	79 346 000	118 045 000

Financial indicators	2022	2021	2020	2019
Return on Equity	96,88 %	158,48 %	16,17 %	−237,57 %
Debt-to-Equity Ratio	0,01	0,02	0,07	0,15
Operating Profit Margin	6,05 %	6,15 %	0,84 %	−5,26 %
Current Ratio	1,72	1,35	1,33	1,17
Quick Ratio	3,53	1,85	2,6	2,03
Equity Ratio	0,42	0,26	0,25	0,14
Gross Profit Margin	100 %	100 %	100 %	100 %