WESTERN BULK MANAGEMENT AS

0255 OSLO

Finances

Share Ownership

Return on Equity

19,61 %

Current Ratio

1,34

Debt-to-Equity Ratio

0,07

Key figures (NOK)	2022	2021	2020	2019
Revenue	261 457 000	250 346 000	115 484 000	123 187 000
Net Income	12 069 000	11 251 000	4 800 000	5 376 000
Total Assets	243 060 000	219 480 000	72 341 000	82 941 000
Total Equity	61 548 000	49 480 000	38 228 000	33 428 000

Income (NOK)	2022	2021	2020	2019
Revenue	261 457 000	250 346 000	115 484 000	123 187 000
Expenditure	245 020 000	237 208 000	111 413 000	119 692 000
Operating Profit	16 437 000	13 138 000	4 071 000	3 496 000
Financial Income	991 000	1 155 000	1 691 000	3 534 000
Financial Costs	1 679 000	44 000	233 000	640 000
Financial Balance	−688 000	1 111 000	1 458 000	2 894 000
Earnings Before Tax	15 749 000	14 249 000	5 529 000	6 391 000
Tax	3 680 000	2 998 000	729 000	1 015 000
Net Income	12 069 000	11 251 000	4 800 000	5 376 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	5 005 000	10 719 000	9 157 000	9 981 000
Total Current Assets	238 055 000	208 761 000	63 184 000	72 960 000
Total Assets	243 060 000	219 480 000	72 341 000	82 941 000
Total Retained Equity	40 056 000	27 987 000	16 736 000	11 936 000
Total Equity	61 548 000	49 480 000	38 228 000	33 428 000
Total Long-Term Debt	4 153 000	7 535 000	10 564 000	15 380 000
Total Current Debt	177 359 000	162 466 000	23 549 000	34 132 000
Total Equity and Debt	243 060 000	219 480 000	72 341 000	82 941 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	261 457 000	250 346 000	115 484 000	123 187 000
Other Income	0	0	0	0
Revenue	261 457 000	250 346 000	115 484 000	123 187 000
Cost of Goods Sold	0	0	0	0
Salary Costs	198 616 000	216 492 000	73 470 000	69 987 000
Depreciation	744 000	733 000	1 341 000	1 981 000
Impairment	0	0	0	0
Expenditure	245 020 000	237 208 000	111 413 000	119 692 000
Operating Profit	16 437 000	13 138 000	4 071 000	3 496 000
Financial Income	991 000	1 155 000	1 691 000	3 534 000
Financial Costs	1 679 000	44 000	233 000	640 000
Financial Balance	−688 000	1 111 000	1 458 000	2 894 000
Dividends	0	0	0	0
Net Income	12 069 000	11 251 000	4 800 000	5 376 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	2 432 000	3 424 000	6 474 000	7 762 000
Real Eastate	0	0	0	0
Machinery and Plant Facilities	0	0	0	0
Fixtures	2 102 000	1 922 000	2 638 000	2 174 000
Total Tangible Assets	2 102 000	1 922 000	2 638 000	2 174 000
Total Fiancial Fixed Assets	471 000	5 373 000	45 000	45 000
Total Fixed Assets	5 005 000	10 719 000	9 157 000	9 981 000
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	9 402 000	11 329 000	6 265 000	21 950 000
Total Current Assets	238 055 000	208 761 000	63 184 000	72 960 000
Total Assets	243 060 000	219 480 000	72 341 000	82 941 000
Total Equity	61 548 000	49 480 000	38 228 000	33 428 000
Short-Term Group Debt	1 380 000	691 000	613 000	2 751 000
Total Long-Term Debt	4 153 000	7 535 000	10 564 000	15 380 000
Creditors	3 642 000	3 613 000	2 769 000	1 510 000
Unpaid Taxes	4 952 000	4 472 000	3 922 000	4 088 000
Dividends	0	0	0	0
Other Current Debt	164 670 000	153 667 000	16 245 000	25 783 000
Total Current Debt	177 359 000	162 466 000	23 549 000	34 132 000
Total Equity and Debt	243 060 000	219 480 000	72 341 000	82 941 000

Financial indicators	2022	2021	2020	2019
Return on Equity	19,61 %	22,74 %	12,56 %	16,08 %
Debt-to-Equity Ratio	0,07	0,15	0,28	0,46
Operating Profit Margin	6,29 %	5,25 %	3,53 %	2,84 %
Current Ratio	1,34	1,28	2,68	2,14
Quick Ratio	1,34	1,28	2,68	2,14
Equity Ratio	0,25	0,23	0,53	0,4
Gross Profit Margin	100 %	100 %	100 %	100 %