GARD MARINE & ENERGY INSURANCE (EUROPE) AS

4836 ARENDAL

Finances

Share Ownership

Return on Equity

13,2 %

Current Ratio

3,3

Debt-to-Equity Ratio

2,55

Key figures (USD)	2022	2021	2020	2019
Revenue	45 055 000	30 951 000	25 220 000	20 974 000
Net Income	11 341 000	6 785 000	−8 221 000	−3 987 000
Total Assets	369 267 000	275 045 000	246 715 000	230 059 000
Total Equity	85 903 000	57 464 000	50 679 000	49 166 000

Income (USD)	2022	2021	2020	2019
Revenue	45 055 000	30 951 000	25 220 000	20 974 000
Expenditure	0	0	0	0
Operating Profit	18 258 000	5 343 000	−10 438 000	−3 100 000
Financial Income	−3 482 000	4 157 000	262 000	−807 000
Financial Costs	12 000	4 000	3 000	0
Financial Balance	−3 494 000	4 153 000	259 000	−807 000
Earnings Before Tax	14 764 000	9 496 000	−10 179 000	−3 907 000
Tax	3 423 000	2 711 000	−1 958 000	80 000
Net Income	11 341 000	6 785 000	−8 221 000	−3 987 000

Balance (USD)	2022	2021	2020	2019
Total Fixed Assets	156 331 000	122 855 000	115 983 000	112 536 000
Total Current Assets	212 936 000	152 190 000	130 732 000	117 523 000
Total Assets	369 267 000	275 045 000	246 715 000	230 059 000
Total Retained Equity	22 641 000	4 281 000	−2 504 000	5 717 000
Total Equity	85 903 000	57 464 000	50 679 000	49 166 000
Total Long-Term Debt	218 771 000	165 170 000	156 876 000	146 039 000
Total Current Debt	64 593 000	52 413 000	39 160 000	34 854 000
Total Equity and Debt	369 267 000	275 047 000	246 715 000	230 059 000

Cash flow (USD)	2022	2021	2020	2019
Sales Income	45 048 000	30 951 000	25 173 000	20 907 000
Other Income	7 000	0	47 000	67 000
Revenue	45 055 000	30 951 000	25 220 000	20 974 000
Cost of Goods Sold	0	0	0	0
Salary Costs	0	0	0	0
Depreciation	0	0	0	0
Impairment	0	0	0	0
Expenditure	0	0	0	0
Operating Profit	18 258 000	5 343 000	−10 438 000	−3 100 000
Financial Income	−3 482 000	4 157 000	262 000	−807 000
Financial Costs	12 000	4 000	3 000	0
Financial Balance	−3 494 000	4 153 000	259 000	−807 000
Dividends	0	0	0	0
Net Income	11 341 000	6 785 000	−8 221 000	−3 987 000

Balance details (USD)	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	5 489 000	5 400 000	0	0
Total Fiancial Fixed Assets	150 736 000	117 128 000	113 760 000	112 536 000
Total Fixed Assets	156 331 000	122 855 000	115 983 000	112 536 000
Stock	0	0	0	0
Total Investments	105 201 000	60 286 000	46 699 000	40 089 000
Cash, Bank	0	0	0	0
Total Current Assets	212 936 000	152 190 000	130 732 000	117 523 000
Total Assets	369 267 000	275 045 000	246 715 000	230 059 000
Total Equity	85 903 000	57 464 000	50 679 000	49 166 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	218 771 000	165 170 000	156 876 000	146 039 000
Creditors	5 347 000	5 322 000	3 271 000	3 601 000
Unpaid Taxes	0	0	0	0
Dividends	0	0	0	0
Other Current Debt	59 246 000	47 091 000	35 889 000	31 253 000
Total Current Debt	64 593 000	52 413 000	39 160 000	34 854 000
Total Equity and Debt	369 267 000	275 047 000	246 715 000	230 059 000

Financial indicators	2022	2021	2020	2019
Return on Equity	13,2 %	11,81 %	−16,22 %	−8,11 %
Debt-to-Equity Ratio	2,55	2,87	3,1	2,97
Operating Profit Margin	40,52 %	17,26 %	−41,39 %	−14,78 %
Current Ratio	3,3	2,9	3,34	3,37
Quick Ratio	3,3	2,9	3,34	3,37
Equity Ratio	0,23	0,21	0,21	0,21
Gross Profit Margin	100 %	100 %	100 %	100 %