ALTERA GRAND BANKS SHIPPING AS

4014 STAVANGER

Finances

Return on Equity

−139,97 %

Current Ratio

0,06

Debt-to-Equity Ratio

12,25

Key figures (NOK)	2022	2021	2020	2019
Revenue	472 899 000	315 023 000	428 515 000	322 501 000
Net Income	−198 364 000	−29 975 000	149 561 000	69 974 000
Total Assets	3 597 611 000	3 074 462 000	3 057 440 000	3 010 125 000
Total Equity	141 715 000	340 079 000	363 578 000	198 271 000

Income (NOK)	2022	2021	2020	2019
Revenue	472 899 000	315 023 000	428 515 000	322 501 000
Expenditure	193 280 000	174 168 000	203 247 000	152 800 000
Operating Profit	279 619 000	140 855 000	225 268 000	169 701 000
Financial Income	593 000	3 449 000	239 000	104 533 000
Financial Costs	534 524 000	182 734 000	60 353 000	199 422 000
Financial Balance	−533 931 000	−179 285 000	−60 114 000	−94 889 000
Earnings Before Tax	−254 313 000	−38 430 000	165 153 000	74 813 000
Tax	−55 949 000	−8 454 000	15 593 000	4 839 000
Net Income	−198 364 000	−29 975 000	149 561 000	69 974 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	3 490 903 000	2 955 645 000	2 929 550 000	2 923 003 000
Total Current Assets	106 708 000	118 817 000	127 890 000	87 122 000
Total Assets	3 597 611 000	3 074 462 000	3 057 440 000	3 010 125 000
Total Retained Equity	0	94 241 000	117 740 000	−47 567 000
Total Equity	141 715 000	340 079 000	363 578 000	198 271 000
Total Long-Term Debt	1 736 557 000	2 609 408 000	2 482 498 000	2 571 300 000
Total Current Debt	1 719 339 000	124 975 000	211 364 000	240 554 000
Total Equity and Debt	3 597 611 000	3 074 462 000	3 057 440 000	3 010 125 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	0	0	0	0
Other Income	472 899 000	315 023 000	428 515 000	322 501 000
Revenue	472 899 000	315 023 000	428 515 000	322 501 000
Cost of Goods Sold	0	0	0	0
Salary Costs	0	0	0	0
Depreciation	169 960 000	132 726 000	133 662 000	139 741 000
Impairment	0	0	27 999 000	0
Expenditure	193 280 000	174 168 000	203 247 000	152 800 000
Operating Profit	279 619 000	140 855 000	225 268 000	169 701 000
Financial Income	593 000	3 449 000	239 000	104 533 000
Financial Costs	534 524 000	182 734 000	60 353 000	199 422 000
Financial Balance	−533 931 000	−179 285 000	−60 114 000	−94 889 000
Dividends	0	0	0	0
Net Income	−198 364 000	−29 975 000	149 561 000	69 974 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	42 542 000	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	3 305 003 000	2 835 622 000	2 801 499 000	2 786 903 000
Total Fiancial Fixed Assets	143 358 000	120 024 000	128 051 000	136 101 000
Total Fixed Assets	3 490 903 000	2 955 645 000	2 929 550 000	2 923 003 000
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	5 997 000	42 246 000	14 928 000	33 600 000
Total Current Assets	106 708 000	118 817 000	127 890 000	87 122 000
Total Assets	3 597 611 000	3 074 462 000	3 057 440 000	3 010 125 000
Total Equity	141 715 000	340 079 000	363 578 000	198 271 000
Short-Term Group Debt	3 746 000	4 722 000	107 947 000	97 722 000
Total Long-Term Debt	1 736 557 000	2 609 408 000	2 482 498 000	2 571 300 000
Creditors	0	0	0	0
Unpaid Taxes	0	0	0	0
Dividends	0	0	0	0
Other Current Debt	20 844 000	9 364 000	8 563 000	0
Total Current Debt	1 719 339 000	124 975 000	211 364 000	240 554 000
Total Equity and Debt	3 597 611 000	3 074 462 000	3 057 440 000	3 010 125 000

Financial indicators	2022	2021	2020	2019
Return on Equity	−139,97 %	−8,81 %	41,14 %	35,29 %
Debt-to-Equity Ratio	12,25	7,67	6,83	12,97
Operating Profit Margin	59,13 %	44,71 %	52,57 %	52,62 %
Current Ratio	0,06	0,95	0,61	0,36
Quick Ratio	0,06	0,95	0,61	0,36
Equity Ratio	0,04	0,11	0,12	0,07
Gross Profit Margin	100 %	100 %	100 %	100 %