NORWEGIAN CRANE SERVICES AS

5006 BERGEN

Finances

Share Ownership

Return on Equity

18,66 %

Current Ratio

8,56

Debt-to-Equity Ratio

Key figures (NOK)	2021	2020	2019	2018
Revenue	1 862 000	3 958 000	9 872 000	14 854 000
Net Income	351 000	11 000	77 000	1 558 000
Total Assets	2 114 000	2 328 000	4 808 000	3 341 000
Total Equity	1 881 000	1 530 000	1 519 000	1 442 000

Income (NOK)	2021	2020	2019	2018
Revenue	1 862 000	3 958 000	9 872 000	14 854 000
Expenditure	1 387 000	4 010 000	9 624 000	12 782 000
Operating Profit	475 000	−52 000	248 000	2 073 000
Financial Income	1 000	2 000	2 000	31 000
Financial Costs	29 000	19 000	39 000	68 000
Financial Balance	−28 000	−17 000	−37 000	−37 000
Earnings Before Tax	447 000	−68 000	211 000	2 036 000
Tax	97 000	−79 000	134 000	478 000
Net Income	351 000	11 000	77 000	1 558 000

Balance (NOK)	2021	2020	2019	2018
Total Fixed Assets	119 000	162 000	245 000	410 000
Total Current Assets	1 995 000	2 166 000	4 563 000	2 931 000
Total Assets	2 114 000	2 328 000	4 808 000	3 341 000
Total Retained Equity	1 751 000	1 400 000	1 389 000	1 312 000
Total Equity	1 881 000	1 530 000	1 519 000	1 442 000
Total Long-Term Debt	0	0	7 000	223 000
Total Current Debt	233 000	798 000	3 282 000	1 676 000
Total Equity and Debt	2 114 000	2 328 000	4 808 000	3 341 000

Cash flow (NOK)	2021	2020	2019	2018
Sales Income	1 788 000	3 958 000	9 872 000	14 854 000
Other Income	74 000	0	0	0
Revenue	1 862 000	3 958 000	9 872 000	14 854 000
Cost of Goods Sold	819 000	2 612 000	5 175 000	8 442 000
Salary Costs	180 000	650 000	2 719 000	2 916 000
Depreciation	43 000	114 000	89 000	20 000
Impairment	0	0	0	0
Expenditure	1 387 000	4 010 000	9 624 000	12 782 000
Operating Profit	475 000	−52 000	248 000	2 073 000
Financial Income	1 000	2 000	2 000	31 000
Financial Costs	29 000	19 000	39 000	68 000
Financial Balance	−28 000	−17 000	−37 000	−37 000
Dividends	0	0	0	0
Net Income	351 000	11 000	77 000	1 558 000

Balance details (NOK)	2021	2020	2019	2018
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	119 000	162 000	245 000	410 000
Total Tangible Assets	119 000	162 000	245 000	410 000
Total Fiancial Fixed Assets	0	0	0	0
Total Fixed Assets	119 000	162 000	245 000	410 000
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	187 000	207 000	92 000	275 000
Total Current Assets	1 995 000	2 166 000	4 563 000	2 931 000
Total Assets	2 114 000	2 328 000	4 808 000	3 341 000
Total Equity	1 881 000	1 530 000	1 519 000	1 442 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	0	0	7 000	223 000
Creditors	24 000	21 000	1 235 000	814 000
Unpaid Taxes	9 000	118 000	327 000	216 000
Dividends	0	0	0	0
Other Current Debt	103 000	238 000	1 066 000	241 000
Total Current Debt	233 000	798 000	3 282 000	1 676 000
Total Equity and Debt	2 114 000	2 328 000	4 808 000	3 341 000

Financial indicators	2021	2020	2019	2018
Return on Equity	18,66 %	0,72 %	5,07 %	108,04 %
Debt-to-Equity Ratio	0	0	0	0,15
Operating Profit Margin	25,51 %	−1,31 %	2,51 %	13,96 %
Current Ratio	8,56	2,71	1,39	1,75
Quick Ratio	8,56	2,71	1,39	1,75
Equity Ratio	0,89	0,66	0,32	0,43
Gross Profit Margin	56,02 %	34,01 %	47,58 %	43,17 %