SØLVTRANS REDERI III AS

6002 ÅLESUND

Finances

Share Ownership

Return on Equity

4,95 %

Current Ratio

2,13

Debt-to-Equity Ratio

1,17

Key figures (NOK)	2022	2021	2020	2019
Revenue	483 326 000	40 406 000	16 173 000	1 050 000
Net Income	66 644 000	11 319 000	622 000	−1 960 000
Total Assets	3 016 802 000	297 050 000	156 430 000	113 477 000
Total Equity	1 345 407 000	128 020 000	74 621 000	57 270 000

Income (NOK)	2022	2021	2020	2019
Revenue	483 326 000	40 406 000	16 173 000	1 050 000
Expenditure	281 316 000	22 347 000	13 247 000	2 163 000
Operating Profit	202 009 000	18 059 000	2 927 000	−1 113 000
Financial Income	29 531 000	1 415 000	87 000	197 000
Financial Costs	164 544 000	7 968 000	2 306 000	1 044 000
Financial Balance	−135 013 000	−6 553 000	−2 219 000	−847 000
Earnings Before Tax	66 996 000	11 506 000	707 000	−1 960 000
Tax	352 000	186 000	85 000	0
Net Income	66 644 000	11 319 000	622 000	−1 960 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	2 821 750 000	274 051 000	134 310 000	109 206 000
Total Current Assets	195 052 000	22 998 000	22 120 000	4 271 000
Total Assets	3 016 802 000	297 050 000	156 430 000	113 477 000
Total Retained Equity	−158 897 000	−22 579 000	−3 608 000	−4 231 000
Total Equity	1 345 407 000	128 020 000	74 621 000	57 270 000
Total Long-Term Debt	1 579 965 000	150 051 000	70 349 000	38 365 000
Total Current Debt	91 430 000	18 979 000	11 460 000	17 842 000
Total Equity and Debt	3 016 802 000	297 050 000	156 430 000	113 477 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	483 326 000	40 406 000	16 171 000	0
Other Income	0	0	2 000	1 050 000
Revenue	483 326 000	40 406 000	16 173 000	1 050 000
Cost of Goods Sold	52 227 000	0	2 448 000	0
Salary Costs	129 289 000	9 557 000	4 447 000	0
Depreciation	59 813 000	4 249 000	4 753 000	593 000
Impairment	0	0	0	1 570 000
Expenditure	281 316 000	22 347 000	13 247 000	2 163 000
Operating Profit	202 009 000	18 059 000	2 927 000	−1 113 000
Financial Income	29 531 000	1 415 000	87 000	197 000
Financial Costs	164 544 000	7 968 000	2 306 000	1 044 000
Financial Balance	−135 013 000	−6 553 000	−2 219 000	−847 000
Dividends	0	0	0	0
Net Income	66 644 000	11 319 000	622 000	−1 960 000

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	109 206 000
Fixtures	0	0	0	0
Total Tangible Assets	2 821 750 000	274 051 000	134 310 000	109 206 000
Total Fiancial Fixed Assets	0	0	0	0
Total Fixed Assets	2 821 750 000	274 051 000	134 310 000	109 206 000
Stock	259 000	134 000	54 000	160 000
Total Investments	0	0	0	0
Cash, Bank	0	6 088 000	3 930 000	3 337 000
Total Current Assets	195 052 000	22 998 000	22 120 000	4 271 000
Total Assets	3 016 802 000	297 050 000	156 430 000	113 477 000
Total Equity	1 345 407 000	128 020 000	74 621 000	57 270 000
Short-Term Group Debt	28 383 000	17 468 000	0	0
Total Long-Term Debt	1 579 965 000	150 051 000	70 349 000	38 365 000
Creditors	33 325 000	900 000	1 067 000	0
Unpaid Taxes	12 198 000	0	0	0
Dividends	0	0	0	0
Other Current Debt	15 861 000	611 000	2 920 000	14 171 000
Total Current Debt	91 430 000	18 979 000	11 460 000	17 842 000
Total Equity and Debt	3 016 802 000	297 050 000	156 430 000	113 477 000

Financial indicators	2022	2021	2020	2019
Return on Equity	4,95 %	8,84 %	0,83 %	−3,42 %
Debt-to-Equity Ratio	1,17	1,17	0,94	0,67
Operating Profit Margin	41,8 %	44,69 %	18,1 %	−106 %
Current Ratio	2,13	1,21	1,93	0,24
Quick Ratio	2,14	1,22	1,94	0,24
Equity Ratio	0,45	0,43	0,48	0,5
Gross Profit Margin	89,19 %	100 %	84,86 %	100 %