KARMSUND SHIPPING AS

4276 VEAVÅGEN

Finances

Return on Equity

46,93 %

Current Ratio

1,2

Debt-to-Equity Ratio

0,15

Key figures (NOK)	2022	2021	2020	2019
Revenue	28 033 000	21 369 000	18 014 000	18 507 000
Net Income	1 375 000	553 000	282 000	124 000
Total Assets	7 993 000	6 459 000	5 859 000	5 282 000
Total Equity	2 930 000	2 155 000	2 202 000	2 421 000

Income (NOK)	2022	2021	2020	2019
Revenue	28 033 000	21 369 000	18 014 000	18 507 000
Expenditure	26 184 000	20 529 000	17 620 000	18 308 000
Operating Profit	1 848 000	841 000	393 000	199 000
Financial Income	3 000	0	1 000	1 000
Financial Costs	71 000	102 000	32 000	28 000
Financial Balance	−68 000	−102 000	−31 000	−27 000
Earnings Before Tax	1 780 000	740 000	361 000	172 000
Tax	405 000	187 000	80 000	48 000
Net Income	1 375 000	553 000	282 000	124 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	2 456 000	2 271 000	2 440 000	993 000
Total Current Assets	5 537 000	4 188 000	3 419 000	4 289 000
Total Assets	7 993 000	6 459 000	5 859 000	5 282 000
Total Retained Equity	2 900 000	2 125 000	2 172 000	2 391 000
Total Equity	2 930 000	2 155 000	2 202 000	2 421 000
Total Long-Term Debt	440 000	754 000	329 000	357 000
Total Current Debt	4 623 000	3 550 000	3 329 000	2 505 000
Total Equity and Debt	7 993 000	6 459 000	5 859 000	5 282 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	28 033 000	21 369 000	18 011 000	18 507 000
Other Income	0	0	3 000	0
Revenue	28 033 000	21 369 000	18 014 000	18 507 000
Cost of Goods Sold	2 194 000	2 458 000	663 000	433 000
Salary Costs	17 475 000	11 381 000	10 439 000	9 820 000
Depreciation	494 000	469 000	333 000	144 000
Impairment	0	0	0	0
Expenditure	26 184 000	20 529 000	17 620 000	18 308 000
Operating Profit	1 848 000	841 000	393 000	199 000
Financial Income	3 000	0	1 000	1 000
Financial Costs	71 000	102 000	32 000	28 000
Financial Balance	−68 000	−102 000	−31 000	−27 000
Dividends	0	0	0	0
Net Income	1 375 000	553 000	282 000	124 000

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	1 213 000	1 036 000	1 334 000	0
Fixtures	459 000	359 000	438 000	360 000
Total Tangible Assets	2 156 000	1 971 000	2 440 000	993 000
Total Fiancial Fixed Assets	300 000	300 000	0	0
Total Fixed Assets	2 456 000	2 271 000	2 440 000	993 000
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	2 089 000	751 000	492 000	964 000
Total Current Assets	5 537 000	4 188 000	3 419 000	4 289 000
Total Assets	7 993 000	6 459 000	5 859 000	5 282 000
Total Equity	2 930 000	2 155 000	2 202 000	2 421 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	440 000	754 000	329 000	357 000
Creditors	623 000	989 000	822 000	544 000
Unpaid Taxes	2 386 000	1 504 000	1 457 000	1 447 000
Dividends	0	0	0	0
Other Current Debt	1 187 000	837 000	530 000	450 000
Total Current Debt	4 623 000	3 550 000	3 329 000	2 505 000
Total Equity and Debt	7 993 000	6 459 000	5 859 000	5 282 000

Financial indicators	2022	2021	2020	2019
Return on Equity	46,93 %	25,66 %	12,81 %	5,12 %
Debt-to-Equity Ratio	0,15	0,35	0,15	0,15
Operating Profit Margin	6,59 %	3,94 %	2,18 %	1,08 %
Current Ratio	1,2	1,18	1,03	1,71
Quick Ratio	1,2	1,18	1,03	1,71
Equity Ratio	0,37	0,33	0,38	0,46
Gross Profit Margin	92,17 %	88,5 %	96,32 %	97,66 %