HIGHLANDER TANKERS AS

0250 OSLO

Finances

Share Ownership

Return on Equity

37,77 %

Current Ratio

45,88

Debt-to-Equity Ratio

Key figures (NOK)	2022	2021	2020	2019
Revenue	792 000	299 000	93 000	202 000
Net Income	409 000	184 000	−22 000	71 000
Total Assets	1 107 000	1 261 000	1 086 000	1 167 000
Total Equity	1 083 000	1 087 000	1 054 000	1 076 000

Income (NOK)	2022	2021	2020	2019
Revenue	792 000	299 000	93 000	202 000
Expenditure	434 000	159 000	150 000	159 000
Operating Profit	358 000	140 000	−56 000	43 000
Financial Income	54 000	46 000	45 000	39 000
Financial Costs	3 000	2 000	2 000	2 000
Financial Balance	51 000	44 000	43 000	37 000
Earnings Before Tax	409 000	184 000	−13 000	81 000
Tax	0	0	9 000	9 000
Net Income	409 000	184 000	−22 000	71 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	6 000	12 000	0	9 000
Total Current Assets	1 101 000	1 249 000	1 086 000	1 158 000
Total Assets	1 107 000	1 261 000	1 086 000	1 167 000
Total Retained Equity	83 000	87 000	54 000	76 000
Total Equity	1 083 000	1 087 000	1 054 000	1 076 000
Total Long-Term Debt	0	0	0	0
Total Current Debt	24 000	174 000	32 000	92 000
Total Equity and Debt	1 107 000	1 261 000	1 086 000	1 167 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	792 000	299 000	93 000	202 000
Other Income	0	0	0	0
Revenue	792 000	299 000	93 000	202 000
Cost of Goods Sold	0	0	0	0
Salary Costs	133 000	127 000	126 000	126 000
Depreciation	6 000	6 000	0	0
Impairment	0	0	0	0
Expenditure	434 000	159 000	150 000	159 000
Operating Profit	358 000	140 000	−56 000	43 000
Financial Income	54 000	46 000	45 000	39 000
Financial Costs	3 000	2 000	2 000	2 000
Financial Balance	51 000	44 000	43 000	37 000
Dividends	0	0	0	0
Net Income	409 000	184 000	−22 000	71 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	0	0	0	9 000
Real Eastate	0	0	0	0
Machinery and Plant Facilities	0	0	0	0
Fixtures	6 000	12 000	0	0
Total Tangible Assets	6 000	12 000	0	0
Total Fiancial Fixed Assets	0	0	0	0
Total Fixed Assets	6 000	12 000	0	9 000
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	44 000	50 000	35 000	126 000
Total Current Assets	1 101 000	1 249 000	1 086 000	1 158 000
Total Assets	1 107 000	1 261 000	1 086 000	1 167 000
Total Equity	1 083 000	1 087 000	1 054 000	1 076 000
Short-Term Group Debt	0	151 000	0	39 000
Total Long-Term Debt	0	0	0	0
Creditors	3 000	0	0	0
Unpaid Taxes	9 000	12 000	20 000	11 000
Dividends	0	0	0	0
Other Current Debt	12 000	12 000	12 000	42 000
Total Current Debt	24 000	174 000	32 000	92 000
Total Equity and Debt	1 107 000	1 261 000	1 086 000	1 167 000

Financial indicators	2022	2021	2020	2019
Return on Equity	37,77 %	16,93 %	−2,09 %	6,6 %
Debt-to-Equity Ratio	0	0	0	0
Operating Profit Margin	45,2 %	46,82 %	−60,22 %	21,29 %
Current Ratio	45,88	7,18	33,94	12,59
Quick Ratio	45,88	7,18	33,94	12,59
Equity Ratio	0,98	0,86	0,97	0,92
Gross Profit Margin	100 %	100 %	100 %	100 %