MOWINCKEL SHIPPING AS

5003 BERGEN

Finances

Return on Equity

4,02 %

Current Ratio

0,74

Debt-to-Equity Ratio

−1

Key figures (USD)	2022	2021	2020	2019
Revenue	0	0	0	0
Net Income	−108 000	−60 000	−70 000	−1 461 000
Total Assets	31 000	36 000	33 000	27 000
Total Equity	−2 689 000	−2 581 000	−2 521 000	−2 451 000

Income (USD)	2022	2021	2020	2019
Revenue	0	0	0	0
Expenditure	1 000	3 000	2 000	3 000
Operating Profit	−1 000	−3 000	−2 000	−3 000
Financial Income	21 000	11 000	13 000	26 000
Financial Costs	128 000	68 000	80 000	1 484 000
Financial Balance	−107 000	−57 000	−67 000	−1 458 000
Earnings Before Tax	−108 000	−60 000	−70 000	−1 461 000
Tax	0	0	0	0
Net Income	−108 000	−60 000	−70 000	−1 461 000

Balance (USD)	2022	2021	2020	2019
Total Fixed Assets	16 000	18 000	21 000	22 000
Total Current Assets	14 000	17 000	12 000	5 000
Total Assets	31 000	36 000	33 000	27 000
Total Retained Equity	−12 562 000	−12 454 000	−12 394 000	−12 324 000
Total Equity	−2 689 000	−2 581 000	−2 521 000	−2 451 000
Total Long-Term Debt	2 701 000	2 598 000	2 544 000	2 477 000
Total Current Debt	19 000	19 000	10 000	2 000
Total Equity and Debt	31 000	36 000	33 000	27 000

Cash flow (USD)	2022	2021	2020	2019
Sales Income	0	0	0	0
Other Income	0	0	0	0
Revenue	0	0	0	0
Cost of Goods Sold	0	0	0	0
Salary Costs	0	0	0	0
Depreciation	0	0	0	0
Impairment	0	0	0	0
Expenditure	1 000	3 000	2 000	3 000
Operating Profit	−1 000	−3 000	−2 000	−3 000
Financial Income	21 000	11 000	13 000	26 000
Financial Costs	128 000	68 000	80 000	1 484 000
Financial Balance	−107 000	−57 000	−67 000	−1 458 000
Dividends	0	0	0	0
Net Income	−108 000	−60 000	−70 000	−1 461 000

Balance details (USD)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	0	0	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	16 000	18 000	21 000	22 000
Total Fixed Assets	16 000	18 000	21 000	22 000
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	0	0	12 000	5 000
Total Current Assets	14 000	17 000	12 000	5 000
Total Assets	31 000	36 000	33 000	27 000
Total Equity	−2 689 000	−2 581 000	−2 521 000	−2 451 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	2 701 000	2 598 000	2 544 000	2 477 000
Creditors	0	0	0	0
Unpaid Taxes	0	0	0	0
Dividends	0	0	0	0
Other Current Debt	19 000	19 000	10 000	2 000
Total Current Debt	19 000	19 000	10 000	2 000
Total Equity and Debt	31 000	36 000	33 000	27 000

Financial indicators	2022	2021	2020	2019
Return on Equity	4,02 %	2,32 %	2,78 %	59,61 %
Debt-to-Equity Ratio	−1	−1,01	−1,01	−1,01
Operating Profit Margin	-	-	-	-
Current Ratio	0,74	0,89	1,2	2,5
Quick Ratio	0,74	0,89	1,2	2,5
Equity Ratio	−86,74	−71,69	−76,39	−90,78
Gross Profit Margin	-	-	-	-