NORMAND SHIPS OPERATIONS AS

4280 SKUDENESHAVN

Finances

Share Ownership

Return on Equity

76 753,33 %

Current Ratio

Debt-to-Equity Ratio

Key figures (NOK)	2022	2021	2020
Revenue	109 692 000	47 494 000	0
Net Income	23 026 000	11 979 000	−7 000
Total Assets	66 758 000	40 338 000	23 000
Total Equity	30 000	30 000	23 000

Income (NOK)	2022	2021	2020
Revenue	109 692 000	47 494 000	0
Expenditure	69 641 000	32 990 000	0
Operating Profit	40 051 000	14 504 000	0
Financial Income	427 000	0	0
Financial Costs	1 474 000	−852 000	7 000
Financial Balance	−1 047 000	852 000	−7 000
Earnings Before Tax	39 004 000	15 355 000	−7 000
Tax	15 977 000	3 377 000	0
Net Income	23 026 000	11 979 000	−7 000

Balance (NOK)	2022	2021	2020
Total Fixed Assets	0	0	0
Total Current Assets	66 758 000	40 338 000	23 000
Total Assets	66 758 000	40 338 000	23 000
Total Retained Equity	−7 397 000	0	−7 000
Total Equity	30 000	30 000	23 000
Total Long-Term Debt	0	0	0
Total Current Debt	66 728 000	40 308 000	0
Total Equity and Debt	66 758 000	40 338 000	23 000

Cash flow (NOK)	2022	2021	2020
Sales Income	88 894 000	45 589 000	0
Other Income	20 799 000	1 905 000	0
Revenue	109 692 000	47 494 000	0
Cost of Goods Sold	36 659 000	20 799 000	0
Salary Costs	32 692 000	11 921 000	0
Depreciation	0	0	0
Impairment	0	0	0
Expenditure	69 641 000	32 990 000	0
Operating Profit	40 051 000	14 504 000	0
Financial Income	427 000	0	0
Financial Costs	1 474 000	−852 000	7 000
Financial Balance	−1 047 000	852 000	−7 000
Dividends	0	0	0
Net Income	23 026 000	11 979 000	−7 000

Balance details (NOK)	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	15 027 000	13 153 000	23 000
Total Current Assets	66 758 000	40 338 000	23 000
Total Assets	66 758 000	40 338 000	23 000
Total Equity	30 000	30 000	23 000
Short-Term Group Debt	39 004 000	15 349 000	0
Total Long-Term Debt	0	0	0
Creditors	19 379 000	23 097 000	0
Unpaid Taxes	0	0	0
Dividends	0	0	0
Other Current Debt	3 274 000	1 862 000	0
Total Current Debt	66 728 000	40 308 000	0
Total Equity and Debt	66 758 000	40 338 000	23 000

Financial indicators	2022	2021	2020
Return on Equity	76 753,33 %	39 930 %	−30,43 %
Debt-to-Equity Ratio	0	0	0
Operating Profit Margin	36,51 %	30,54 %	-
Current Ratio	1	1	-
Quick Ratio	1	1	-
Equity Ratio	0	0	1
Gross Profit Margin	66,58 %	56,21 %	-