RAFFLES SHIPPING PROJECTS AS

0161 OSLO

Finances

Return on Equity

55,23 %

Current Ratio

1,73

Debt-to-Equity Ratio

Key figures (NOK)	2022	2021	2020	2019
Revenue	4 827 000	4 653 000	1 426 000	0
Net Income	1 400 000	2 389 000	−880 000	−404 000
Total Assets	5 941 000	4 506 000	1 711 000	423 000
Total Equity	2 535 000	1 135 000	−1 254 000	−374 000

Income (NOK)	2022	2021	2020	2019
Revenue	4 827 000	4 653 000	1 426 000	0
Expenditure	2 943 000	1 915 000	2 302 000	404 000
Operating Profit	1 884 000	2 737 000	−875 000	−404 000
Financial Income	183 000	18 000	5 000	0
Financial Costs	263 000	51 000	10 000	0
Financial Balance	−80 000	−33 000	−5 000	0
Earnings Before Tax	1 804 000	2 705 000	−880 000	−404 000
Tax	404 000	316 000	0	0
Net Income	1 400 000	2 389 000	−880 000	−404 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	37 000	24 000	43 000	62 000
Total Current Assets	5 904 000	4 483 000	1 668 000	361 000
Total Assets	5 941 000	4 506 000	1 711 000	423 000
Total Retained Equity	2 505 000	1 105 000	−1 284 000	−404 000
Total Equity	2 535 000	1 135 000	−1 254 000	−374 000
Total Long-Term Debt	0	0	0	0
Total Current Debt	3 406 000	3 371 000	2 964 000	796 000
Total Equity and Debt	5 941 000	4 506 000	1 711 000	423 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	4 827 000	4 599 000	1 426 000	0
Other Income	0	54 000	0	0
Revenue	4 827 000	4 653 000	1 426 000	0
Cost of Goods Sold	503 000	0	0	0
Salary Costs	1 877 000	1 622 000	2 009 000	327 000
Depreciation	17 000	19 000	19 000	5 000
Impairment	0	0	0	0
Expenditure	2 943 000	1 915 000	2 302 000	404 000
Operating Profit	1 884 000	2 737 000	−875 000	−404 000
Financial Income	183 000	18 000	5 000	0
Financial Costs	263 000	51 000	10 000	0
Financial Balance	−80 000	−33 000	−5 000	0
Dividends	0	0	0	0
Net Income	1 400 000	2 389 000	−880 000	−404 000

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	0
Fixtures	7 000	24 000	43 000	62 000
Total Tangible Assets	7 000	24 000	43 000	62 000
Total Fiancial Fixed Assets	30 000	0	0	0
Total Fixed Assets	37 000	24 000	43 000	62 000
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	5 268 000	4 365 000	1 515 000	286 000
Total Current Assets	5 904 000	4 483 000	1 668 000	361 000
Total Assets	5 941 000	4 506 000	1 711 000	423 000
Total Equity	2 535 000	1 135 000	−1 254 000	−374 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	0	0	0	0
Creditors	42 000	6 000	5 000	48 000
Unpaid Taxes	122 000	120 000	139 000	164 000
Dividends	0	0	0	0
Other Current Debt	2 838 000	2 929 000	2 820 000	585 000
Total Current Debt	3 406 000	3 371 000	2 964 000	796 000
Total Equity and Debt	5 941 000	4 506 000	1 711 000	423 000

Financial indicators	2022	2021	2020	2019
Return on Equity	55,23 %	210,48 %	70,18 %	108,02 %
Debt-to-Equity Ratio	0	0	−0	−0
Operating Profit Margin	39,03 %	58,82 %	−61,36 %	-
Current Ratio	1,73	1,33	0,56	0,45
Quick Ratio	1,73	1,33	0,56	0,45
Equity Ratio	0,43	0,25	−0,73	−0,88
Gross Profit Margin	89,58 %	100 %	100 %	-