IRENES SHIPPING SERVICE ANS

7190 BESSAKER

Finances

Share Ownership

Return on Equity

−18,95 %

Current Ratio

4,73

Debt-to-Equity Ratio

1,07

Key figures (NOK)	2019	2018	2017	2016
Revenue	4 727 000	7 779 000	6 801 000	10 773 000
Net Income	−330 000	2 130 000	42 000	498 000
Total Assets	3 911 000	4 305 000	1 749 000	2 542 000
Total Equity	1 741 000	1 884 000	−246 000	−289 000

Income (NOK)	2019	2018	2017	2016
Revenue	4 727 000	7 779 000	6 801 000	10 773 000
Expenditure	4 951 000	5 578 000	6 649 000	10 145 000
Operating Profit	−225 000	2 201 000	152 000	629 000
Financial Income	1 000	53 000	18 000	5 000
Financial Costs	106 000	124 000	128 000	135 000
Financial Balance	−105 000	−71 000	−110 000	−130 000
Earnings Before Tax	−330 000	2 130 000	42 000	498 000
Tax	0	0	0	0
Net Income	−330 000	2 130 000	42 000	498 000

Balance (NOK)	2019	2018	2017	2016
Total Fixed Assets	2 450 000	2 330 000	1 266 000	1 566 000
Total Current Assets	1 461 000	1 975 000	483 000	976 000
Total Assets	3 911 000	4 305 000	1 749 000	2 542 000
Total Retained Equity	1 741 000	1 884 000	−246 000	−289 000
Total Equity	1 741 000	1 884 000	−246 000	−289 000
Total Long-Term Debt	1 860 000	1 955 000	1 073 000	1 432 000
Total Current Debt	309 000	467 000	922 000	1 398 000
Total Equity and Debt	3 911 000	4 305 000	1 749 000	2 542 000

Cash flow (NOK)	2019	2018	2017	2016
Sales Income	4 247 000	4 778 000	6 393 000	10 485 000
Other Income	479 000	3 001 000	408 000	288 000
Revenue	4 727 000	7 779 000	6 801 000	10 773 000
Cost of Goods Sold	1 837 000	2 351 000	2 648 000	4 408 000
Salary Costs	167 000	610 000	996 000	1 631 000
Depreciation	138 000	172 000	186 000	227 000
Impairment	0	0	0	0
Expenditure	4 951 000	5 578 000	6 649 000	10 145 000
Operating Profit	−225 000	2 201 000	152 000	629 000
Financial Income	1 000	53 000	18 000	5 000
Financial Costs	106 000	124 000	128 000	135 000
Financial Balance	−105 000	−71 000	−110 000	−130 000
Dividends	0	0	0	0
Net Income	−330 000	2 130 000	42 000	498 000

Balance details (NOK)	2019	2018	2017	2016
Goodwill	0	0	0	0
Total Intangible Assets	0	0	0	0
Real Eastate	2 082 000	1 791 000	1 052 000	1 121 000
Machinery and Plant Facilities	330 000	443 000	36 000	63 000
Fixtures	37 000	97 000	177 000	382 000
Total Tangible Assets	2 450 000	2 330 000	1 266 000	1 566 000
Total Fiancial Fixed Assets	0	0	0	0
Total Fixed Assets	2 450 000	2 330 000	1 266 000	1 566 000
Stock	0	0	0	0
Total Investments	0	0	61 000	55 000
Cash, Bank	955 000	1 638 000	60 000	41 000
Total Current Assets	1 461 000	1 975 000	483 000	976 000
Total Assets	3 911 000	4 305 000	1 749 000	2 542 000
Total Equity	1 741 000	1 884 000	−246 000	−289 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	1 860 000	1 955 000	1 073 000	1 432 000
Creditors	192 000	148 000	486 000	873 000
Unpaid Taxes	21 000	33 000	99 000	98 000
Dividends	0	0	0	0
Other Current Debt	97 000	286 000	337 000	428 000
Total Current Debt	309 000	467 000	922 000	1 398 000
Total Equity and Debt	3 911 000	4 305 000	1 749 000	2 542 000

Financial indicators	2019	2018	2017	2016
Return on Equity	−18,95 %	113,06 %	−17,07 %	−172,32 %
Debt-to-Equity Ratio	1,07	1,04	−4,36	−4,96
Operating Profit Margin	−4,76 %	28,29 %	2,23 %	5,84 %
Current Ratio	4,73	4,23	0,52	0,7
Quick Ratio	4,73	4,23	0,52	0,7
Equity Ratio	0,45	0,44	−0,14	−0,11
Gross Profit Margin	61,14 %	69,78 %	61,06 %	59,08 %