EUROPEAN CRUISE SERVICE AS

5035 BERGEN

Finances

Return on Equity

136,27 %

Current Ratio

1,35

Debt-to-Equity Ratio

Key figures (NOK)	2022	2021	2020	2019
Revenue	916 979 000	109 584 000	102 897 000	761 326 000
Net Income	20 450 000	−6 204 000	−12 389 000	3 956 000
Total Assets	106 756 000	48 310 000	45 550 000	48 823 000
Total Equity	15 007 000	−5 444 000	42 000	12 431 000

Income (NOK)	2022	2021	2020	2019
Revenue	916 979 000	109 584 000	102 897 000	761 326 000
Expenditure	890 410 000	117 109 000	118 636 000	757 071 000
Operating Profit	26 569 000	−7 524 000	−15 739 000	4 255 000
Financial Income	639 000	522 000	307 000	1 203 000
Financial Costs	973 000	945 000	426 000	376 000
Financial Balance	−334 000	−423 000	−119 000	827 000
Earnings Before Tax	26 236 000	−7 947 000	−15 858 000	5 082 000
Tax	5 786 000	−1 742 000	−3 469 000	1 126 000
Net Income	20 450 000	−6 204 000	−12 389 000	3 956 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	3 043 000	5 508 000	2 980 000	1 250 000
Total Current Assets	103 713 000	42 802 000	42 570 000	47 573 000
Total Assets	106 756 000	48 310 000	45 550 000	48 823 000
Total Retained Equity	8 763 000	−11 687 000	−5 483 000	6 906 000
Total Equity	15 007 000	−5 444 000	42 000	12 431 000
Total Long-Term Debt	15 000 000	15 000 000	10 000 000	0
Total Current Debt	76 749 000	38 754 000	35 508 000	36 392 000
Total Equity and Debt	106 756 000	48 310 000	45 550 000	48 823 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	916 319 000	105 495 000	101 219 000	761 297 000
Other Income	660 000	4 089 000	1 678 000	29 000
Revenue	916 979 000	109 584 000	102 897 000	761 326 000
Cost of Goods Sold	847 972 000	99 132 000	95 144 000	718 127 000
Salary Costs	32 291 000	12 899 000	15 669 000	29 185 000
Depreciation	152 000	268 000	420 000	415 000
Impairment	0	0	0	0
Expenditure	890 410 000	117 109 000	118 636 000	757 071 000
Operating Profit	26 569 000	−7 524 000	−15 739 000	4 255 000
Financial Income	639 000	522 000	307 000	1 203 000
Financial Costs	973 000	945 000	426 000	376 000
Financial Balance	−334 000	−423 000	−119 000	827 000
Dividends	0	0	0	0
Net Income	20 450 000	−6 204 000	−12 389 000	3 956 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	788 000	3 885 000	2 490 000	515 000
Real Eastate	0	0	0	0
Machinery and Plant Facilities	0	0	0	0
Fixtures	67 000	48 000	171 000	416 000
Total Tangible Assets	67 000	48 000	171 000	416 000
Total Fiancial Fixed Assets	2 188 000	1 576 000	319 000	319 000
Total Fixed Assets	3 043 000	5 508 000	2 980 000	1 250 000
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	5 715 000	950 000	5 100 000	9 479 000
Total Current Assets	103 713 000	42 802 000	42 570 000	47 573 000
Total Assets	106 756 000	48 310 000	45 550 000	48 823 000
Total Equity	15 007 000	−5 444 000	42 000	12 431 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	15 000 000	15 000 000	10 000 000	0
Creditors	52 749 000	24 943 000	19 504 000	23 420 000
Unpaid Taxes	1 988 000	733 000	708 000	2 027 000
Dividends	0	0	0	0
Other Current Debt	19 203 000	6 486 000	9 550 000	9 815 000
Total Current Debt	76 749 000	38 754 000	35 508 000	36 392 000
Total Equity and Debt	106 756 000	48 310 000	45 550 000	48 823 000

Financial indicators	2022	2021	2020	2019
Return on Equity	136,27 %	113,96 %	−29 497,62 %	31,82 %
Debt-to-Equity Ratio	1	−2,76	238,1	0
Operating Profit Margin	2,9 %	−6,87 %	−15,3 %	0,56 %
Current Ratio	1,35	1,1	1,2	1,31
Quick Ratio	1,35	1,1	1,2	1,31
Equity Ratio	0,14	−0,11	0	0,25
Gross Profit Margin	7,53 %	9,54 %	7,53 %	5,67 %