FRED. OLSEN WINDCARRIER OPERATIONS AS

0152 OSLO

Finances

Share Ownership

Return on Equity

31,42 %

Current Ratio

1,39

Debt-to-Equity Ratio

Key figures (EUR)	2022	2021	2020	2019
Revenue	105 518 000	109 514 000	70 422 000	78 581 000
Net Income	4 843 000	4 176 000	−1 844 000	6 047 000
Total Assets	49 434 000	57 546 000	42 529 000	18 117 000
Total Equity	15 412 000	9 972 000	5 796 000	7 639 000

Income (EUR)	2022	2021	2020	2019
Revenue	105 518 000	109 514 000	70 422 000	78 581 000
Expenditure	97 397 000	101 817 000	71 136 000	70 811 000
Operating Profit	8 121 000	7 697 000	−714 000	7 770 000
Financial Income	7 764 000	291 000	101 000	1 000
Financial Costs	8 145 000	2 163 000	257 000	19 000
Financial Balance	−381 000	−1 872 000	−156 000	−18 000
Earnings Before Tax	7 740 000	5 826 000	−870 000	7 752 000
Tax	2 897 000	1 649 000	974 000	1 705 000
Net Income	4 843 000	4 176 000	−1 844 000	6 047 000

Balance (EUR)	2022	2021	2020	2019
Total Fixed Assets	2 116 000	9 931 000	90 000	2 066 000
Total Current Assets	47 318 000	47 615 000	42 439 000	16 051 000
Total Assets	49 434 000	57 546 000	42 529 000	18 117 000
Total Retained Equity	15 408 000	9 968 000	5 792 000	7 635 000
Total Equity	15 412 000	9 972 000	5 796 000	7 639 000
Total Long-Term Debt	0	0	0	0
Total Current Debt	34 022 000	47 574 000	36 733 000	10 477 000
Total Equity and Debt	49 434 000	57 546 000	42 529 000	18 117 000

Cash flow (EUR)	2022	2021	2020	2019
Sales Income	105 518 000	109 514 000	70 422 000	72 808 000
Other Income	0	0	0	5 773 000
Revenue	105 518 000	109 514 000	70 422 000	78 581 000
Cost of Goods Sold	85 967 000	92 294 000	61 455 000	0
Salary Costs	0	0	0	0
Depreciation	0	0	0	0
Impairment	0	0	0	0
Expenditure	97 397 000	101 817 000	71 136 000	70 811 000
Operating Profit	8 121 000	7 697 000	−714 000	7 770 000
Financial Income	7 764 000	291 000	101 000	1 000
Financial Costs	8 145 000	2 163 000	257 000	19 000
Financial Balance	−381 000	−1 872 000	−156 000	−18 000
Dividends	0	0	0	0
Net Income	4 843 000	4 176 000	−1 844 000	6 047 000

Balance details (EUR)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	638 000	440 000	90 000	0
Real Eastate	0	0	0	0
Machinery and Plant Facilities	0	0	0	0
Fixtures	0	0	0	2 066 000
Total Tangible Assets	0	0	0	2 066 000
Total Fiancial Fixed Assets	1 478 000	9 491 000	0	0
Total Fixed Assets	2 116 000	9 931 000	90 000	2 066 000
Stock	1 077 000	568 000	5 418 000	1 037 000
Total Investments	0	0	0	0
Cash, Bank	2 670 000	12 170 000	15 311 000	7 953 000
Total Current Assets	47 318 000	47 615 000	42 439 000	16 051 000
Total Assets	49 434 000	57 546 000	42 529 000	18 117 000
Total Equity	15 412 000	9 972 000	5 796 000	7 639 000
Short-Term Group Debt	24 313 000	30 310 000	23 761 000	5 519 000
Total Long-Term Debt	0	0	0	0
Creditors	9 709 000	17 265 000	5 520 000	0
Unpaid Taxes	0	0	0	0
Dividends	0	0	0	0
Other Current Debt	0	0	7 451 000	4 959 000
Total Current Debt	34 022 000	47 574 000	36 733 000	10 477 000
Total Equity and Debt	49 434 000	57 546 000	42 529 000	18 117 000

Financial indicators	2022	2021	2020	2019
Return on Equity	31,42 %	41,88 %	−31,82 %	79,16 %
Debt-to-Equity Ratio	0	0	0	0
Operating Profit Margin	7,7 %	7,03 %	−1,01 %	9,89 %
Current Ratio	1,39	1	1,16	1,53
Quick Ratio	1,44	1,01	1,36	1,7
Equity Ratio	0,31	0,17	0,14	0,42
Gross Profit Margin	18,53 %	15,72 %	12,73 %	100 %