SONGA TANKERS AS

0161 OSLO

Finances

Return on Equity

30,45 %

Current Ratio

4,1

Debt-to-Equity Ratio

0,31

Key figures (USD)	2022	2021	2020	2019
Revenue	83 904 000	42 672 000	63 527 000	59 145 000
Net Income	46 493 000	−4 858 000	−15 753 000	−2 548 000
Total Assets	213 321 000	168 298 000	180 430 000	217 500 000
Total Equity	152 680 000	105 535 000	109 154 000	133 622 000

Income (USD)	2022	2021	2020	2019
Revenue	83 904 000	42 672 000	63 527 000	59 145 000
Expenditure	44 796 000	46 109 000	73 284 000	56 493 000
Operating Profit	39 108 000	−3 437 000	−9 757 000	2 652 000
Financial Income	10 856 000	1 147 000	−1 591 000	197 000
Financial Costs	3 153 000	2 473 000	4 285 000	5 227 000
Financial Balance	7 703 000	−1 326 000	−5 876 000	−5 030 000
Earnings Before Tax	46 811 000	−4 763 000	−15 633 000	−2 378 000
Tax	318 000	95 000	120 000	170 000
Net Income	46 493 000	−4 858 000	−15 753 000	−2 548 000

Balance (USD)	2022	2021	2020	2019
Total Fixed Assets	157 711 000	134 533 000	143 472 000	172 741 000
Total Current Assets	55 610 000	33 765 000	36 958 000	44 759 000
Total Assets	213 321 000	168 298 000	180 430 000	217 500 000
Total Retained Equity	15 337 000	−31 092 000	−26 473 000	−8 505 000
Total Equity	152 680 000	105 535 000	109 154 000	133 622 000
Total Long-Term Debt	47 064 000	57 087 000	66 603 000	76 374 000
Total Current Debt	13 562 000	5 676 000	4 673 000	7 504 000
Total Equity and Debt	213 321 000	168 298 000	180 430 000	217 500 000

Cash flow (USD)	2022	2021	2020	2019
Sales Income	0	42 672 000	0	0
Other Income	83 904 000	0	63 527 000	59 145 000
Revenue	83 904 000	42 672 000	63 527 000	59 145 000
Cost of Goods Sold	0	0	0	0
Salary Costs	4 456 000	4 249 000	3 507 000	3 242 000
Depreciation	8 672 000	8 881 000	10 355 000	9 782 000
Impairment	0	1 217 000	17 512 000	0
Expenditure	44 796 000	46 109 000	73 284 000	56 493 000
Operating Profit	39 108 000	−3 437 000	−9 757 000	2 652 000
Financial Income	10 856 000	1 147 000	−1 591 000	197 000
Financial Costs	3 153 000	2 473 000	4 285 000	5 227 000
Financial Balance	7 703 000	−1 326 000	−5 876 000	−5 030 000
Dividends	0	0	0	0
Net Income	46 493 000	−4 858 000	−15 753 000	−2 548 000

Balance details (USD)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	43 000	122 000	96 000	59 000
Real Eastate	1 530 000	1 594 000	1 628 000	921 000
Machinery and Plant Facilities	0	0	0	0
Fixtures	117 000	166 000	220 000	160 000
Total Tangible Assets	126 092 000	118 844 000	128 014 000	154 890 000
Total Fiancial Fixed Assets	31 576 000	15 567 000	15 362 000	17 792 000
Total Fixed Assets	157 711 000	134 533 000	143 472 000	172 741 000
Stock	1 635 000	1 552 000	1 963 000	2 165 000
Total Investments	0	0	0	28 000
Cash, Bank	25 794 000	9 764 000	15 023 000	18 982 000
Total Current Assets	55 610 000	33 765 000	36 958 000	44 759 000
Total Assets	213 321 000	168 298 000	180 430 000	217 500 000
Total Equity	152 680 000	105 535 000	109 154 000	133 622 000
Short-Term Group Debt	7 831 000	0	0	0
Total Long-Term Debt	47 064 000	57 087 000	66 603 000	76 374 000
Creditors	2 209 000	2 788 000	1 753 000	3 295 000
Unpaid Taxes	0	0	0	0
Dividends	0	0	0	0
Other Current Debt	3 296 000	2 723 000	2 692 000	4 082 000
Total Current Debt	13 562 000	5 676 000	4 673 000	7 504 000
Total Equity and Debt	213 321 000	168 298 000	180 430 000	217 500 000

Financial indicators	2022	2021	2020	2019
Return on Equity	30,45 %	−4,6 %	−14,43 %	−1,91 %
Debt-to-Equity Ratio	0,31	0,54	0,61	0,57
Operating Profit Margin	46,61 %	−8,05 %	−15,36 %	4,48 %
Current Ratio	4,1	5,95	7,91	5,96
Quick Ratio	4,66	8,19	13,64	8,38
Equity Ratio	0,72	0,63	0,6	0,61
Gross Profit Margin	100 %	100 %	100 %	100 %