CRUDE TANKERS III AS

0250 OSLO

Finances

Share Ownership

Return on Equity

45,86 %

Current Ratio

10,67

Debt-to-Equity Ratio

0,38

Key figures (NOK)	2022	2021	2020	2019
Revenue	93 157 000	33 518 000	65 450 000	10 755 000
Net Income	52 588 000	2 253 000	16 297 000	−379 000
Total Assets	163 289 000	124 492 000	124 922 000	134 192 000
Total Equity	114 668 000	77 816 000	76 830 000	59 993 000

Income (NOK)	2022	2021	2020	2019
Revenue	93 157 000	33 518 000	65 450 000	10 755 000
Expenditure	35 128 000	29 304 000	41 621 000	10 487 000
Operating Profit	58 029 000	4 214 000	23 829 000	268 000
Financial Income	4 684 000	1 877 000	2 532 000	2 018 000
Financial Costs	10 011 000	3 723 000	9 960 000	2 641 000
Financial Balance	−5 327 000	−1 846 000	−7 428 000	−623 000
Earnings Before Tax	52 703 000	2 368 000	16 400 000	−355 000
Tax	115 000	115 000	104 000	0
Net Income	52 588 000	2 253 000	16 297 000	−379 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	104 148 000	104 817 000	107 709 000	106 642 000
Total Current Assets	59 141 000	19 675 000	17 213 000	27 550 000
Total Assets	163 289 000	124 492 000	124 922 000	134 192 000
Total Retained Equity	69 994 000	18 082 000	16 425 000	−413 000
Total Equity	114 668 000	77 816 000	76 830 000	59 993 000
Total Long-Term Debt	43 076 000	42 598 000	45 137 000	50 498 000
Total Current Debt	5 545 000	4 078 000	2 955 000	23 701 000
Total Equity and Debt	163 289 000	124 492 000	124 922 000	134 192 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	0	0	0	0
Other Income	93 157 000	33 518 000	65 450 000	10 755 000
Revenue	93 157 000	33 518 000	65 450 000	10 755 000
Cost of Goods Sold	28 274 000	22 854 000	34 687 000	9 397 000
Salary Costs	89 000	60 000	117 000	0
Depreciation	3 652 000	3 645 000	5 675 000	601 000
Impairment	0	0	0	0
Expenditure	35 128 000	29 304 000	41 621 000	10 487 000
Operating Profit	58 029 000	4 214 000	23 829 000	268 000
Financial Income	4 684 000	1 877 000	2 532 000	2 018 000
Financial Costs	10 011 000	3 723 000	9 960 000	2 641 000
Financial Balance	−5 327 000	−1 846 000	−7 428 000	−623 000
Dividends	0	0	0	0
Net Income	52 588 000	2 253 000	16 297 000	−379 000

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	96 755 000	100 407 000	103 443 000	106 642 000
Total Fiancial Fixed Assets	7 393 000	4 410 000	4 266 000	0
Total Fixed Assets	104 148 000	104 817 000	107 709 000	106 642 000
Stock	516 000	482 000	618 000	6 943 000
Total Investments	0	0	0	0
Cash, Bank	41 162 000	15 240 000	15 354 000	13 987 000
Total Current Assets	59 141 000	19 675 000	17 213 000	27 550 000
Total Assets	163 289 000	124 492 000	124 922 000	134 192 000
Total Equity	114 668 000	77 816 000	76 830 000	59 993 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	43 076 000	42 598 000	45 137 000	50 498 000
Creditors	4 883 000	3 591 000	2 403 000	4 876 000
Unpaid Taxes	0	0	0	0
Dividends	0	0	0	0
Other Current Debt	547 000	372 000	436 000	18 813 000
Total Current Debt	5 545 000	4 078 000	2 955 000	23 701 000
Total Equity and Debt	163 289 000	124 492 000	124 922 000	134 192 000

Financial indicators	2022	2021	2020	2019
Return on Equity	45,86 %	2,9 %	21,21 %	−0,63 %
Debt-to-Equity Ratio	0,38	0,55	0,59	0,84
Operating Profit Margin	62,29 %	12,57 %	36,41 %	2,49 %
Current Ratio	10,67	4,82	5,83	1,16
Quick Ratio	11,76	5,47	7,37	1,64
Equity Ratio	0,7	0,63	0,62	0,45
Gross Profit Margin	69,65 %	31,82 %	47 %	12,63 %