SHORTSEA SERVICES AS

0280 OSLO

Finances

Return on Equity

−3,67 %

Current Ratio

4,31

Debt-to-Equity Ratio

Key figures (NOK)	2022	2021	2020	2019
Revenue	1 131 000	3 607 000	5 538 000	2 397 000
Net Income	−163 000	990 000	1 805 000	−148 000
Total Assets	5 604 000	7 612 000	5 952 000	5 223 000
Total Equity	4 441 000	4 604 000	3 615 000	1 810 000

Income (NOK)	2022	2021	2020	2019
Revenue	1 131 000	3 607 000	5 538 000	2 397 000
Expenditure	853 000	2 374 000	2 936 000	2 365 000
Operating Profit	279 000	1 232 000	2 601 000	32 000
Financial Income	64 000	24 000	36 000	58 000
Financial Costs	444 000	5 000	114 000	219 000
Financial Balance	−380 000	19 000	−78 000	−161 000
Earnings Before Tax	−101 000	1 251 000	2 523 000	−129 000
Tax	62 000	262 000	718 000	20 000
Net Income	−163 000	990 000	1 805 000	−148 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	593 000	849 000	469 000	1 730 000
Total Current Assets	5 011 000	6 763 000	5 483 000	3 493 000
Total Assets	5 604 000	7 612 000	5 952 000	5 223 000
Total Retained Equity	4 341 000	4 504 000	3 515 000	1 710 000
Total Equity	4 441 000	4 604 000	3 615 000	1 810 000
Total Long-Term Debt	0	0	0	0
Total Current Debt	1 163 000	3 007 000	2 337 000	3 414 000
Total Equity and Debt	5 604 000	7 612 000	5 952 000	5 223 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	1 091 000	3 607 000	5 538 000	2 397 000
Other Income	40 000	0	0	0
Revenue	1 131 000	3 607 000	5 538 000	2 397 000
Cost of Goods Sold	389 000	1 911 000	164 000	1 053 000
Salary Costs	105 000	93 000	2 153 000	724 000
Depreciation	60 000	103 000	67 000	0
Impairment	0	0	0	0
Expenditure	853 000	2 374 000	2 936 000	2 365 000
Operating Profit	279 000	1 232 000	2 601 000	32 000
Financial Income	64 000	24 000	36 000	58 000
Financial Costs	444 000	5 000	114 000	219 000
Financial Balance	−380 000	19 000	−78 000	−161 000
Dividends	0	0	0	0
Net Income	−163 000	990 000	1 805 000	−148 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	0	0	0	111 000
Real Eastate	0	0	0	0
Machinery and Plant Facilities	0	0	0	0
Fixtures	0	346 000	436 000	0
Total Tangible Assets	0	346 000	436 000	0
Total Fiancial Fixed Assets	593 000	503 000	33 000	1 619 000
Total Fixed Assets	593 000	849 000	469 000	1 730 000
Stock	0	0	0	0
Total Investments	910 000	1 225 000	0	0
Cash, Bank	2 926 000	1 018 000	4 244 000	2 509 000
Total Current Assets	5 011 000	6 763 000	5 483 000	3 493 000
Total Assets	5 604 000	7 612 000	5 952 000	5 223 000
Total Equity	4 441 000	4 604 000	3 615 000	1 810 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	0	0	0	0
Creditors	45 000	27 000	108 000	1 053 000
Unpaid Taxes	219 000	141 000	539 000	590 000
Dividends	0	0	0	0
Other Current Debt	837 000	2 578 000	1 084 000	1 718 000
Total Current Debt	1 163 000	3 007 000	2 337 000	3 414 000
Total Equity and Debt	5 604 000	7 612 000	5 952 000	5 223 000

Financial indicators	2022	2021	2020	2019
Return on Equity	−3,67 %	21,5 %	49,93 %	−8,18 %
Debt-to-Equity Ratio	0	0	0	0
Operating Profit Margin	24,67 %	34,16 %	46,97 %	1,34 %
Current Ratio	4,31	2,25	2,35	1,02
Quick Ratio	4,31	2,25	2,35	1,02
Equity Ratio	0,79	0,6	0,61	0,35
Gross Profit Margin	65,61 %	47,02 %	97,04 %	56,07 %