CLIPPER BULK (NORWAY BRANCH)

DK-2100 COPENHAGEN

Finances

Share Ownership

Return on Equity

48,23 %

Current Ratio

1,87

Debt-to-Equity Ratio

Key figures (USD)	2022	2021	2020
Revenue	4 468 000	4 640 000	2 749 000
Net Income	259 000	191 000	110 000
Total Assets	1 155 000	965 000	473 000
Total Equity	537 000	256 000	72 000

Income (USD)	2022	2021	2020
Revenue	4 468 000	4 640 000	2 749 000
Expenditure	4 144 000	4 372 000	2 617 000
Operating Profit	324 000	268 000	132 000
Financial Income	0	0	0
Financial Costs	2 000	0	1 000
Financial Balance	−2 000	0	−1 000
Earnings Before Tax	322 000	268 000	131 000
Tax	62 000	76 000	21 000
Net Income	259 000	191 000	110 000

Balance (USD)	2022	2021	2020
Total Fixed Assets	0	0	0
Total Current Assets	1 155 000	965 000	473 000
Total Assets	1 155 000	965 000	473 000
Total Retained Equity	537 000	256 000	72 000
Total Equity	537 000	256 000	72 000
Total Long-Term Debt	0	0	0
Total Current Debt	618 000	709 000	401 000
Total Equity and Debt	1 155 000	965 000	473 000

Cash flow (USD)	2022	2021	2020
Sales Income	0	0	0
Other Income	4 468 000	4 640 000	2 749 000
Revenue	4 468 000	4 640 000	2 749 000
Cost of Goods Sold	0	0	0
Salary Costs	3 651 000	3 938 000	2 343 000
Depreciation	0	0	0
Impairment	0	0	0
Expenditure	4 144 000	4 372 000	2 617 000
Operating Profit	324 000	268 000	132 000
Financial Income	0	0	0
Financial Costs	2 000	0	1 000
Financial Balance	−2 000	0	−1 000
Dividends	0	0	0
Net Income	259 000	191 000	110 000

Balance details (USD)	2022	2021	2020
Goodwill	0	0	0
Total Intangible Assets	0	0	0
Real Eastate	0	0	0
Machinery and Plant Facilities	0	0	0
Fixtures	0	0	0
Total Tangible Assets	0	0	0
Total Fiancial Fixed Assets	0	0	0
Total Fixed Assets	0	0	0
Stock	0	0	0
Total Investments	0	0	0
Cash, Bank	238 000	135 000	134 000
Total Current Assets	1 155 000	965 000	473 000
Total Assets	1 155 000	965 000	473 000
Total Equity	537 000	256 000	72 000
Short-Term Group Debt	0	0	0
Total Long-Term Debt	0	0	0
Creditors	0	0	0
Unpaid Taxes	172 000	217 000	192 000
Dividends	0	0	0
Other Current Debt	384 000	415 000	189 000
Total Current Debt	618 000	709 000	401 000
Total Equity and Debt	1 155 000	965 000	473 000

Financial indicators	2022	2021	2020
Return on Equity	48,23 %	74,61 %	152,78 %
Debt-to-Equity Ratio	0	0	0
Operating Profit Margin	7,25 %	5,78 %	4,8 %
Current Ratio	1,87	1,36	1,18
Quick Ratio	1,87	1,36	1,18
Equity Ratio	0,46	0,27	0,15
Gross Profit Margin	100 %	100 %	100 %

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