NORWEGIAN BULK CARRIERS AS

1366 LYSAKER

Finances

Share Ownership

Return on Equity

80,72 %

Current Ratio

1,38

Debt-to-Equity Ratio

Key figures (USD)	2022	2021	2020	2019
Revenue	272 896 000	296 393 000	14 908 000	3 657 000
Net Income	11 692 000	16 589 000	501 000	1 099 000
Total Assets	51 462 000	71 551 000	11 758 000	2 233 000
Total Equity	14 484 000	9 791 000	503 000	1 233 000

Income (USD)	2022	2021	2020	2019
Revenue	272 896 000	296 393 000	14 908 000	3 657 000
Expenditure	260 622 000	275 985 000	14 368 000	2 583 000
Operating Profit	12 274 000	20 408 000	540 000	1 073 000
Financial Income	500 000	13 000	9 000	28 000
Financial Costs	436 000	125 000	48 000	2 000
Financial Balance	64 000	−112 000	−39 000	26 000
Earnings Before Tax	12 337 000	20 297 000	501 000	1 099 000
Tax	645 000	3 708 000	0	0
Net Income	11 692 000	16 589 000	501 000	1 099 000

Balance (USD)	2022	2021	2020	2019
Total Fixed Assets	465 000	888 000	0	0
Total Current Assets	50 998 000	70 663 000	11 758 000	2 233 000
Total Assets	51 462 000	71 551 000	11 758 000	2 233 000
Total Retained Equity	14 472 000	9 780 000	491 000	559 000
Total Equity	14 484 000	9 791 000	503 000	1 233 000
Total Long-Term Debt	0	1 000	5 098 000	0
Total Current Debt	36 978 000	61 758 000	6 157 000	1 000 000
Total Equity and Debt	51 462 000	71 551 000	11 758 000	2 233 000

Cash flow (USD)	2022	2021	2020	2019
Sales Income	272 896 000	296 393 000	14 908 000	3 657 000
Other Income	0	0	0	0
Revenue	272 896 000	296 393 000	14 908 000	3 657 000
Cost of Goods Sold	249 638 000	263 140 000	13 647 000	0
Salary Costs	121 000	12 125 000	511 000	0
Depreciation	0	0	0	0
Impairment	0	0	0	0
Expenditure	260 622 000	275 985 000	14 368 000	2 583 000
Operating Profit	12 274 000	20 408 000	540 000	1 073 000
Financial Income	500 000	13 000	9 000	28 000
Financial Costs	436 000	125 000	48 000	2 000
Financial Balance	64 000	−112 000	−39 000	26 000
Dividends	7 000 000	0	0	1 000 000
Net Income	11 692 000	16 589 000	501 000	1 099 000

Balance details (USD)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	0	423 000	0	0
Real Eastate	0	0	0	0
Machinery and Plant Facilities	0	0	0	0
Fixtures	0	0	0	0
Total Tangible Assets	0	0	0	0
Total Fiancial Fixed Assets	465 000	465 000	0	0
Total Fixed Assets	465 000	888 000	0	0
Stock	4 893 000	7 791 000	2 262 000	0
Total Investments	0	0	0	0
Cash, Bank	10 239 000	29 379 000	5 516 000	890 000
Total Current Assets	50 998 000	70 663 000	11 758 000	2 233 000
Total Assets	51 462 000	71 551 000	11 758 000	2 233 000
Total Equity	14 484 000	9 791 000	503 000	1 233 000
Short-Term Group Debt	231 000	7 397 000	197 000	0
Total Long-Term Debt	0	1 000	5 098 000	0
Creditors	1 200 000	8 509 000	2 121 000	0
Unpaid Taxes	11 000	85 000	49 000	0
Dividends	7 000 000	0	0	1 000 000
Other Current Debt	28 322 000	41 636 000	3 790 000	0
Total Current Debt	36 978 000	61 758 000	6 157 000	1 000 000
Total Equity and Debt	51 462 000	71 551 000	11 758 000	2 233 000

Financial indicators	2022	2021	2020	2019
Return on Equity	80,72 %	169,43 %	99,6 %	89,13 %
Debt-to-Equity Ratio	0	0	10,14	0
Operating Profit Margin	4,5 %	6,89 %	3,62 %	29,34 %
Current Ratio	1,38	1,14	1,91	2,23
Quick Ratio	1,59	1,31	3,02	2,23
Equity Ratio	0,28	0,14	0,04	0,55
Gross Profit Margin	8,52 %	11,22 %	8,46 %	100 %