OLYMPIC SHIPPING AS

6090 FOSNAVÅG

Finances

Return on Equity

24,54 %

Current Ratio

2,33

Debt-to-Equity Ratio

0,25

Key figures (NOK)	2022	2021	2020	2019
Revenue	64 370 000	104 229 000	122 244 000	49 846 000
Net Income	6 053 000	−12 377 000	6 395 000	2 049 000
Total Assets	48 426 000	55 819 000	64 277 000	56 653 000
Total Equity	24 670 000	16 886 000	29 263 000	22 867 000

Income (NOK)	2022	2021	2020	2019
Revenue	64 370 000	104 229 000	122 244 000	49 846 000
Expenditure	68 215 000	109 125 000	116 289 000	48 039 000
Operating Profit	−3 845 000	−4 896 000	5 955 000	1 807 000
Financial Income	13 972 000	23 361 000	32 539 000	1 853 000
Financial Costs	2 097 000	29 121 000	29 687 000	987 000
Financial Balance	11 875 000	−5 760 000	2 852 000	866 000
Earnings Before Tax	8 030 000	−10 656 000	8 807 000	2 673 000
Tax	1 978 000	1 721 000	2 412 000	624 000
Net Income	6 053 000	−12 377 000	6 395 000	2 049 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	7 500 000	1 823 000	19 107 000	23 563 000
Total Current Assets	40 926 000	53 996 000	45 169 000	33 090 000
Total Assets	48 426 000	55 819 000	64 277 000	56 653 000
Total Retained Equity	19 470 000	12 686 000	25 063 000	18 667 000
Total Equity	24 670 000	16 886 000	29 263 000	22 867 000
Total Long-Term Debt	6 159 000	5 946 000	5 774 000	78 000
Total Current Debt	17 597 000	32 988 000	29 240 000	33 708 000
Total Equity and Debt	48 426 000	55 819 000	64 277 000	56 653 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	64 370 000	104 229 000	122 244 000	49 846 000
Other Income	0	0	0	0
Revenue	64 370 000	104 229 000	122 244 000	49 846 000
Cost of Goods Sold	0	0	0	0
Salary Costs	35 965 000	70 369 000	66 917 000	37 325 000
Depreciation	18 000	18 000	27 000	169 000
Impairment	0	0	0	0
Expenditure	68 215 000	109 125 000	116 289 000	48 039 000
Operating Profit	−3 845 000	−4 896 000	5 955 000	1 807 000
Financial Income	13 972 000	23 361 000	32 539 000	1 853 000
Financial Costs	2 097 000	29 121 000	29 687 000	987 000
Financial Balance	11 875 000	−5 760 000	2 852 000	866 000
Dividends	0	0	0	0
Net Income	6 053 000	−12 377 000	6 395 000	2 049 000

Balance details (NOK)	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	13 000	30 000	48 000	75 000
Total Tangible Assets	13 000	30 000	48 000	75 000
Total Fiancial Fixed Assets	7 488 000	1 792 000	19 059 000	23 488 000
Total Fixed Assets	7 500 000	1 823 000	19 107 000	23 563 000
Stock	0	0	0	0
Total Investments	311 000	323 000	269 000	262 000
Cash, Bank	1 568 000	1 739 000	1 714 000	9 986 000
Total Current Assets	40 926 000	53 996 000	45 169 000	33 090 000
Total Assets	48 426 000	55 819 000	64 277 000	56 653 000
Total Equity	24 670 000	16 886 000	29 263 000	22 867 000
Short-Term Group Debt	8 821 000	14 935 000	18 133 000	13 952 000
Total Long-Term Debt	6 159 000	5 946 000	5 774 000	78 000
Creditors	2 662 000	11 679 000	4 642 000	7 033 000
Unpaid Taxes	3 259 000	3 352 000	3 404 000	3 359 000
Dividends	0	0	0	0
Other Current Debt	2 855 000	3 022 000	3 061 000	9 365 000
Total Current Debt	17 597 000	32 988 000	29 240 000	33 708 000
Total Equity and Debt	48 426 000	55 819 000	64 277 000	56 653 000

Financial indicators	2022	2021	2020	2019
Return on Equity	24,54 %	−73,3 %	21,85 %	8,96 %
Debt-to-Equity Ratio	0,25	0,35	0,2	0
Operating Profit Margin	−5,97 %	−4,7 %	4,87 %	3,63 %
Current Ratio	2,33	1,64	1,54	0,98
Quick Ratio	2,33	1,64	1,54	0,98
Equity Ratio	0,51	0,3	0,46	0,4
Gross Profit Margin	100 %	100 %	100 %	100 %