NORWEST SHIP MANAGEMENT AS

4270 ÅKREHAMN

Finances

Return on Equity

76,96 %

Current Ratio

0,43

Debt-to-Equity Ratio

4,81

Key figures (NOK)	2022	2021	2020	2019
Revenue	256 308 000	114 503 000	123 678 000	118 880 000
Net Income	20 681 000	−1 034 000	1 866 000	−8 069 000
Total Assets	234 670 000	123 643 000	106 443 000	91 354 000
Total Equity	26 871 000	7 390 000	8 424 000	6 558 000

Income (NOK)	2022	2021	2020	2019
Revenue	256 308 000	114 503 000	123 678 000	118 880 000
Expenditure	223 203 000	114 022 000	115 623 000	127 290 000
Operating Profit	33 105 000	482 000	8 056 000	−8 410 000
Financial Income	4 439 000	2 993 000	1 675 000	1 187 000
Financial Costs	11 014 000	4 778 000	7 475 000	3 441 000
Financial Balance	−6 575 000	−1 785 000	−5 800 000	−2 254 000
Earnings Before Tax	26 530 000	−1 304 000	2 256 000	−10 664 000
Tax	5 849 000	−270 000	390 000	−2 596 000
Net Income	20 681 000	−1 034 000	1 866 000	−8 069 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	200 579 000	107 478 000	95 880 000	83 781 000
Total Current Assets	34 091 000	16 165 000	10 563 000	7 574 000
Total Assets	234 670 000	123 643 000	106 443 000	91 354 000
Total Retained Equity	13 215 000	−6 270 000	−5 236 000	−7 102 000
Total Equity	26 871 000	7 390 000	8 424 000	6 558 000
Total Long-Term Debt	129 253 000	76 816 000	64 380 000	55 647 000
Total Current Debt	78 546 000	39 437 000	33 639 000	29 149 000
Total Equity and Debt	234 670 000	123 643 000	106 443 000	91 354 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	256 308 000	109 249 000	123 665 000	118 771 000
Other Income	0	5 254 000	13 000	109 000
Revenue	256 308 000	114 503 000	123 678 000	118 880 000
Cost of Goods Sold	147 782 000	55 182 000	51 704 000	14 270 000
Salary Costs	43 450 000	28 716 000	31 390 000	29 751 000
Depreciation	8 773 000	12 045 000	14 048 000	17 341 000
Impairment	0	3 701 000	3 375 000	0
Expenditure	223 203 000	114 022 000	115 623 000	127 290 000
Operating Profit	33 105 000	482 000	8 056 000	−8 410 000
Financial Income	4 439 000	2 993 000	1 675 000	1 187 000
Financial Costs	11 014 000	4 778 000	7 475 000	3 441 000
Financial Balance	−6 575 000	−1 785 000	−5 800 000	−2 254 000
Dividends	0	0	0	0
Net Income	20 681 000	−1 034 000	1 866 000	−8 069 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	0	1 676 000	5 107 000	13 479 000
Real Eastate	0	0	0	0
Machinery and Plant Facilities	871 000	0	0	4 693 000
Fixtures	1 918 000	1 671 000	2 064 000	1 846 000
Total Tangible Assets	189 513 000	91 403 000	85 889 000	64 717 000
Total Fiancial Fixed Assets	11 067 000	14 399 000	4 884 000	5 584 000
Total Fixed Assets	200 579 000	107 478 000	95 880 000	83 781 000
Stock	5 295 000	4 006 000	1 429 000	2 055 000
Total Investments	0	0	0	0
Cash, Bank	6 951 000	3 406 000	1 603 000	2 284 000
Total Current Assets	34 091 000	16 165 000	10 563 000	7 574 000
Total Assets	234 670 000	123 643 000	106 443 000	91 354 000
Total Equity	26 871 000	7 390 000	8 424 000	6 558 000
Short-Term Group Debt	8 100 000	735 000	2 524 000	24 000
Total Long-Term Debt	129 253 000	76 816 000	64 380 000	55 647 000
Creditors	51 801 000	20 568 000	20 844 000	17 322 000
Unpaid Taxes	4 318 000	2 244 000	735 000	550 000
Dividends	0	0	0	0
Other Current Debt	14 327 000	13 622 000	9 536 000	7 650 000
Total Current Debt	78 546 000	39 437 000	33 639 000	29 149 000
Total Equity and Debt	234 670 000	123 643 000	106 443 000	91 354 000

Financial indicators	2022	2021	2020	2019
Return on Equity	76,96 %	−13,99 %	22,15 %	−123,04 %
Debt-to-Equity Ratio	4,81	10,39	7,64	8,49
Operating Profit Margin	12,92 %	0,42 %	6,51 %	−7,07 %
Current Ratio	0,43	0,41	0,31	0,26
Quick Ratio	0,47	0,46	0,33	0,28
Equity Ratio	0,11	0,06	0,08	0,07
Gross Profit Margin	42,34 %	51,81 %	58,19 %	88 %