NORMAND SHIPS AS

4280 SKUDENESHAVN

Finances

Share Ownership

Return on Equity

199,95 %

Current Ratio

5,5

Debt-to-Equity Ratio

−41,87

Key figures (NOK)	2022	2021	2020
Revenue	140 044 000	129 501 000	36 696 000
Net Income	−34 662 000	−19 348 000	15 102 000
Total Assets	724 073 000	745 857 000	737 580 000
Total Equity	−17 335 000	−21 421 000	15 132 000

Income (NOK)	2022	2021	2020
Revenue	140 044 000	129 501 000	36 696 000
Expenditure	110 713 000	121 219 000	34 607 000
Operating Profit	29 331 000	8 282 000	2 090 000
Financial Income	318 000	33 000	27 738 000
Financial Costs	75 240 000	31 041 000	14 726 000
Financial Balance	−74 922 000	−31 008 000	13 012 000
Earnings Before Tax	−45 591 000	−22 725 000	15 102 000
Tax	−10 929 000	−3 377 000	0
Net Income	−34 662 000	−19 348 000	15 102 000

Balance (NOK)	2022	2021	2020
Total Fixed Assets	637 869 000	669 428 000	661 306 000
Total Current Assets	86 204 000	76 429 000	76 275 000
Total Assets	724 073 000	745 857 000	737 580 000
Total Retained Equity	−161 583 000	−126 921 000	15 102 000
Total Equity	−17 335 000	−21 421 000	15 132 000
Total Long-Term Debt	725 739 000	728 810 000	689 150 000
Total Current Debt	15 669 000	38 468 000	33 299 000
Total Equity and Debt	724 073 000	745 857 000	737 580 000

Cash flow (NOK)	2022	2021	2020
Sales Income	139 763 000	127 389 000	36 199 000
Other Income	281 000	2 111 000	497 000
Revenue	140 044 000	129 501 000	36 696 000
Cost of Goods Sold	22 164 000	26 119 000	8 714 000
Salary Costs	49 619 000	57 568 000	18 148 000
Depreciation	31 465 000	27 336 000	3 861 000
Impairment	0	0	0
Expenditure	110 713 000	121 219 000	34 607 000
Operating Profit	29 331 000	8 282 000	2 090 000
Financial Income	318 000	33 000	27 738 000
Financial Costs	75 240 000	31 041 000	14 726 000
Financial Balance	−74 922 000	−31 008 000	13 012 000
Dividends	0	0	0
Net Income	−34 662 000	−19 348 000	15 102 000

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	637 466 000	669 147 000	661 029 000
Total Fiancial Fixed Assets	403 000	281 000	277 000
Total Fixed Assets	637 869 000	669 428 000	661 306 000
Stock	1 915 000	744 000	1 965 000
Total Investments	0	0	0
Cash, Bank	6 290 000	24 560 000	52 221 000
Total Current Assets	86 204 000	76 429 000	76 275 000
Total Assets	724 073 000	745 857 000	737 580 000
Total Equity	−17 335 000	−21 421 000	15 132 000
Short-Term Group Debt	11 039 000	26 429 000	22 653 000
Total Long-Term Debt	725 739 000	728 810 000	689 150 000
Creditors	1 015 000	1 545 000	445 000
Unpaid Taxes	0	0	0
Dividends	0	0	0
Other Current Debt	3 614 000	10 494 000	10 202 000
Total Current Debt	15 669 000	38 468 000	33 299 000
Total Equity and Debt	724 073 000	745 857 000	737 580 000

Financial indicators	2022	2021	2020
Return on Equity	199,95 %	90,32 %	99,8 %
Debt-to-Equity Ratio	−41,87	−34,02	45,54
Operating Profit Margin	20,94 %	6,4 %	5,7 %
Current Ratio	5,5	1,99	2,29
Quick Ratio	6,27	2,03	2,43
Equity Ratio	−0,02	−0,03	0,02
Gross Profit Margin	84,17 %	79,83 %	76,25 %