BELSHIPS SHIPHOLDING AS

1366 LYSAKER

Finances

Return on Equity

44,69 %

Current Ratio

1,87

Debt-to-Equity Ratio

1,38

Key figures (USD)	2022	2021	2020	2019
Revenue	99 623 000	0	1 165 000	181 000
Net Income	57 796 000	54 575 000	−10 719 000	−671 000
Total Assets	391 174 000	289 368 000	200 082 000	197 061 000
Total Equity	129 325 000	26 723 000	1 860 000	−667 000

Income (USD)	2022	2021	2020	2019
Revenue	99 623 000	0	1 165 000	181 000
Expenditure	31 452 000	6 799 000	60 000	157 000
Operating Profit	68 171 000	−6 799 000	1 105 000	24 000
Financial Income	911 000	82 209 000	5 745 000	4 660 000
Financial Costs	8 401 000	20 854 000	17 009 000	5 355 000
Financial Balance	−7 490 000	61 355 000	−11 264 000	−695 000
Earnings Before Tax	60 681 000	54 556 000	−10 160 000	−671 000
Tax	2 885 000	−19 000	559 000	0
Net Income	57 796 000	54 575 000	−10 719 000	−671 000

Balance (USD)	2022	2021	2020	2019
Total Fixed Assets	235 136 000	186 511 000	185 309 000	194 505 000
Total Current Assets	156 039 000	102 857 000	14 773 000	2 556 000
Total Assets	391 174 000	289 368 000	200 082 000	197 061 000
Total Retained Equity	−21 389 000	0	−13 305 000	−671 000
Total Equity	129 325 000	26 723 000	1 860 000	−667 000
Total Long-Term Debt	178 360 000	110 913 000	190 956 000	196 953 000
Total Current Debt	83 490 000	151 733 000	7 266 000	774 000
Total Equity and Debt	391 174 000	289 368 000	200 082 000	197 061 000

Cash flow (USD)	2022	2021	2020	2019
Sales Income	77 321 000	0	1 165 000	0
Other Income	22 301 000	0	0	181 000
Revenue	99 623 000	0	1 165 000	181 000
Cost of Goods Sold	0	0	0	0
Salary Costs	0	0	0	0
Depreciation	10 569 000	0	0	0
Impairment	0	0	0	0
Expenditure	31 452 000	6 799 000	60 000	157 000
Operating Profit	68 171 000	−6 799 000	1 105 000	24 000
Financial Income	911 000	82 209 000	5 745 000	4 660 000
Financial Costs	8 401 000	20 854 000	17 009 000	5 355 000
Financial Balance	−7 490 000	61 355 000	−11 264 000	−695 000
Dividends	0	0	0	0
Net Income	57 796 000	54 575 000	−10 719 000	−671 000

Balance details (USD)	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	0
Fixtures	0	0	0	0
Total Tangible Assets	235 136 000	0	0	0
Total Fiancial Fixed Assets	0	186 511 000	185 309 000	194 505 000
Total Fixed Assets	235 136 000	186 511 000	185 309 000	194 505 000
Stock	1 304 000	0	0	0
Total Investments	517 000	0	0	0
Cash, Bank	26 394 000	60 000	82 000	2 375 000
Total Current Assets	156 039 000	102 857 000	14 773 000	2 556 000
Total Assets	391 174 000	289 368 000	200 082 000	197 061 000
Total Equity	129 325 000	26 723 000	1 860 000	−667 000
Short-Term Group Debt	28 521 000	95 439 000	5 900 000	0
Total Long-Term Debt	178 360 000	110 913 000	190 956 000	196 953 000
Creditors	0	0	0	0
Unpaid Taxes	0	0	0	0
Dividends	0	0	0	0
Other Current Debt	4 969 000	56 294 000	1 366 000	774 000
Total Current Debt	83 490 000	151 733 000	7 266 000	774 000
Total Equity and Debt	391 174 000	289 368 000	200 082 000	197 061 000

Financial indicators	2022	2021	2020	2019
Return on Equity	44,69 %	204,22 %	−576,29 %	100,6 %
Debt-to-Equity Ratio	1,38	4,15	102,66	−295,28
Operating Profit Margin	68,43 %	-	94,85 %	13,26 %
Current Ratio	1,87	0,68	2,03	3,3
Quick Ratio	1,9	0,68	2,03	3,3
Equity Ratio	0,33	0,09	0,01	−0
Gross Profit Margin	100 %	-	100 %	100 %