NORTH SEA SHIPPING HOLDING AS

5385 BAKKASUND

Finances

Return on Equity

5,14 %

Current Ratio

3,82

Debt-to-Equity Ratio

0,8

Key figures (NOK)	2022	2021	2020	2019
Revenue	439 900 000	444 090 000	405 921 000	484 410 000
Net Income	43 948 000	67 268 000	−197 453 000	−34 083 000
Total Assets	1 598 921 000	1 682 908 000	1 709 718 000	2 089 030 000
Total Equity	854 764 000	838 287 000	804 653 000	981 259 000

Income (NOK)	2022	2021	2020	2019
Revenue	439 900 000	444 090 000	405 921 000	484 410 000
Expenditure	330 395 000	317 202 000	563 063 000	471 408 000
Operating Profit	109 505 000	126 888 000	−157 143 000	13 002 000
Financial Income	13 541 000	9 442 000	8 220 000	49 842 000
Financial Costs	92 255 000	54 828 000	61 279 000	113 690 000
Financial Balance	−78 714 000	−45 386 000	−53 059 000	−63 848 000
Earnings Before Tax	30 792 000	81 503 000	−210 202 000	−50 845 000
Tax	−13 156 000	14 235 000	−12 749 000	−16 762 000
Net Income	43 948 000	67 268 000	−197 453 000	−34 083 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	1 363 893 000	1 418 510 000	1 422 493 000	1 768 557 000
Total Current Assets	235 028 000	264 398 000	287 225 000	320 472 000
Total Assets	1 598 921 000	1 682 908 000	1 709 718 000	2 089 030 000
Total Retained Equity	850 422 000	833 945 000	800 311 000	976 918 000
Total Equity	854 764 000	838 287 000	804 653 000	981 259 000
Total Long-Term Debt	682 567 000	773 738 000	877 803 000	1 067 796 000
Total Current Debt	61 591 000	70 883 000	27 263 000	39 974 000
Total Equity and Debt	1 598 921 000	1 682 908 000	1 709 718 000	2 089 030 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	439 900 000	444 090 000	405 921 000	484 410 000
Other Income	0	0	0	0
Revenue	439 900 000	444 090 000	405 921 000	484 410 000
Cost of Goods Sold	86 514 000	86 449 000	74 311 000	85 926 000
Salary Costs	81 835 000	78 298 000	80 959 000	86 005 000
Depreciation	55 414 000	57 106 000	51 025 000	48 983 000
Impairment	0	−11 015 000	285 298 000	115 361 000
Expenditure	330 395 000	317 202 000	563 063 000	471 408 000
Operating Profit	109 505 000	126 888 000	−157 143 000	13 002 000
Financial Income	13 541 000	9 442 000	8 220 000	49 842 000
Financial Costs	92 255 000	54 828 000	61 279 000	113 690 000
Financial Balance	−78 714 000	−45 386 000	−53 059 000	−63 848 000
Dividends	21 974 000	33 634 000	0	0
Net Income	43 948 000	67 268 000	−197 453 000	−34 083 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	0	0	0	0
Real Eastate	1 607 000	1 607 000	1 607 000	1 607 000
Machinery and Plant Facilities	0	0	0	0
Fixtures	62 000	70 000	186 000	558 000
Total Tangible Assets	1 359 611 000	1 411 656 000	1 414 315 000	1 750 639 000
Total Fiancial Fixed Assets	4 283 000	6 854 000	8 178 000	17 919 000
Total Fixed Assets	1 363 893 000	1 418 510 000	1 422 493 000	1 768 557 000
Stock	5 510 000	6 735 000	1 770 000	6 533 000
Total Investments	0	0	0	0
Cash, Bank	185 925 000	202 031 000	246 134 000	263 090 000
Total Current Assets	235 028 000	264 398 000	287 225 000	320 472 000
Total Assets	1 598 921 000	1 682 908 000	1 709 718 000	2 089 030 000
Total Equity	854 764 000	838 287 000	804 653 000	981 259 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	682 567 000	773 738 000	877 803 000	1 067 796 000
Creditors	27 133 000	7 977 000	13 316 000	22 951 000
Unpaid Taxes	6 058 000	6 019 000	9 701 000	6 277 000
Dividends	21 974 000	33 634 000	0	0
Other Current Debt	5 790 000	23 226 000	4 220 000	10 708 000
Total Current Debt	61 591 000	70 883 000	27 263 000	39 974 000
Total Equity and Debt	1 598 921 000	1 682 908 000	1 709 718 000	2 089 030 000

Financial indicators	2022	2021	2020	2019
Return on Equity	5,14 %	8,02 %	−24,54 %	−3,47 %
Debt-to-Equity Ratio	0,8	0,92	1,09	1,09
Operating Profit Margin	24,89 %	28,57 %	−38,71 %	2,68 %
Current Ratio	3,82	3,73	10,54	8,02
Quick Ratio	4,19	4,12	11,27	9,58
Equity Ratio	0,53	0,5	0,47	0,47
Gross Profit Margin	80,33 %	80,53 %	81,69 %	82,26 %