BELSHIPS ASA

0283 OSLO

Finances

Return on Equity

58,88 %

Current Ratio

1,45

Debt-to-Equity Ratio

1,87

Key figures (USD)	2022	2021	2020	2019
Revenue	990 171 000	676 282 000	168 996 000	137 816 000
Net Income	175 060 000	133 422 000	−17 743 000	5 100 000
Total Assets	1 000 293 000	797 634 000	464 479 000	397 641 000
Total Equity	297 335 000	272 919 000	150 017 000	156 115 000

Income (USD)	2022	2021	2020	2019
Revenue	990 171 000	676 282 000	168 996 000	137 816 000
Expenditure	783 626 000	515 453 000	173 619 000	119 682 000
Operating Profit	206 545 000	160 829 000	−4 623 000	18 134 000
Financial Income	962 000	815 000	0	283 000
Financial Costs	30 363 000	19 514 000	12 537 000	11 662 000
Financial Balance	−29 401 000	−18 699 000	−12 537 000	−11 379 000
Earnings Before Tax	177 144 000	142 130 000	−17 160 000	6 755 000
Tax	2 084 000	8 708 000	583 000	1 655 000
Net Income	175 060 000	133 422 000	−17 743 000	5 100 000

Balance (USD)	2022	2021	2020	2019
Total Fixed Assets	788 203 000	599 673 000	388 802 000	332 805 000
Total Current Assets	212 090 000	197 961 000	75 677 000	64 836 000
Total Assets	1 000 293 000	797 634 000	464 479 000	397 641 000
Total Retained Equity	138 976 000	114 117 000	12 055 000	30 188 000
Total Equity	297 335 000	272 919 000	150 017 000	156 115 000
Total Long-Term Debt	556 931 000	414 638 000	250 084 000	203 955 000
Total Current Debt	146 027 000	110 077 000	64 378 000	37 571 000
Total Equity and Debt	1 000 293 000	797 634 000	464 479 000	397 641 000

Cash flow (USD)	2022	2021	2020	2019
Sales Income	926 494 000	650 674 000	165 362 000	123 666 000
Other Income	63 677 000	25 608 000	3 634 000	14 150 000
Revenue	990 171 000	676 282 000	168 996 000	137 816 000
Cost of Goods Sold	737 527 000	400 710 000	0	84 793 000
Salary Costs	5 250 000	2 691 000	0	6 894 000
Depreciation	39 031 000	28 735 000	27 286 000	23 074 000
Impairment	0	0	4 957 000	0
Expenditure	783 626 000	515 453 000	173 619 000	119 682 000
Operating Profit	206 545 000	160 829 000	−4 623 000	18 134 000
Financial Income	962 000	815 000	0	283 000
Financial Costs	30 363 000	19 514 000	12 537 000	11 662 000
Financial Balance	−29 401 000	−18 699 000	−12 537 000	−11 379 000
Dividends	0	0	0	0
Net Income	175 060 000	133 422 000	−17 743 000	5 100 000

Balance details (USD)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	0	0	1 770 000	4 629 000
Real Eastate	0	0	0	0
Machinery and Plant Facilities	0	0	0	0
Fixtures	3 702 000	4 227 000	4 878 000	4 790 000
Total Tangible Assets	750 744 000	584 855 000	379 515 000	316 562 000
Total Fiancial Fixed Assets	37 459 000	14 818 000	7 517 000	11 614 000
Total Fixed Assets	788 203 000	599 673 000	388 802 000	332 805 000
Stock	14 675 000	16 492 000	0	5 832 000
Total Investments	0	23 933 000	41 880 000	0
Cash, Bank	139 871 000	105 204 000	33 797 000	44 428 000
Total Current Assets	212 090 000	197 961 000	75 677 000	64 836 000
Total Assets	1 000 293 000	797 634 000	464 479 000	397 641 000
Total Equity	297 335 000	272 919 000	150 017 000	156 115 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	556 931 000	414 638 000	250 084 000	203 955 000
Creditors	6 909 000	6 813 000	0	1 851 000
Unpaid Taxes	5 572 000	657 000	0	260 000
Dividends	0	0	0	0
Other Current Debt	81 651 000	69 520 000	64 378 000	17 307 000
Total Current Debt	146 027 000	110 077 000	64 378 000	37 571 000
Total Equity and Debt	1 000 293 000	797 634 000	464 479 000	397 641 000

Financial indicators	2022	2021	2020	2019
Return on Equity	58,88 %	48,89 %	−11,83 %	3,27 %
Debt-to-Equity Ratio	1,87	1,52	1,67	1,31
Operating Profit Margin	20,86 %	23,78 %	−2,74 %	13,16 %
Current Ratio	1,45	1,8	1,18	1,73
Quick Ratio	1,61	2,12	1,18	2,04
Equity Ratio	0,3	0,34	0,32	0,39
Gross Profit Margin	25,52 %	40,75 %	100 %	38,47 %