GLANDER INTERNATIONAL BUNKERING (NORWAY) AS

3110 TØNSBERG

Finances

Return on Equity

42,92 %

Current Ratio

1,36

Debt-to-Equity Ratio

Key figures (USD)	2023	2022	2021	2020
Revenue	791 580 000	768 461 000	485 514 000	568 958 000
Net Income	7 791 000	6 329 000	4 030 000	5 934 000
Total Assets	68 289 000	100 163 000	63 410 000	46 756 000
Total Equity	18 151 000	18 360 000	16 032 000	18 002 000

Income (USD)	2023	2022	2021	2020
Revenue	791 580 000	768 461 000	485 514 000	568 958 000
Expenditure	781 417 000	760 711 000	480 011 000	561 557 000
Operating Profit	10 163 000	7 750 000	5 504 000	7 401 000
Financial Income	562 000	950 000	625 000	630 000
Financial Costs	338 000	420 000	137 000	321 000
Financial Balance	224 000	530 000	488 000	309 000
Earnings Before Tax	10 387 000	8 280 000	5 992 000	7 710 000
Tax	2 597 000	1 952 000	1 962 000	1 776 000
Net Income	7 791 000	6 329 000	4 030 000	5 934 000

Balance (USD)	2023	2022	2021	2020
Total Fixed Assets	158 000	180 000	293 000	427 000
Total Current Assets	68 132 000	99 983 000	63 117 000	46 328 000
Total Assets	68 289 000	100 163 000	63 410 000	46 756 000
Total Retained Equity	17 292 000	17 501 000	15 172 000	17 142 000
Total Equity	18 151 000	18 360 000	16 032 000	18 002 000
Total Long-Term Debt	8 000	0	0	0
Total Current Debt	50 130 000	81 803 000	47 378 000	28 754 000
Total Equity and Debt	68 289 000	100 163 000	63 410 000	46 756 000

Cash flow (USD)	2023	2022	2021	2020
Sales Income	789 627 000	767 716 000	485 008 000	568 079 000
Other Income	1 953 000	744 000	506 000	879 000
Revenue	791 580 000	768 461 000	485 514 000	568 958 000
Cost of Goods Sold	769 801 000	752 850 000	473 867 000	555 485 000
Salary Costs	6 483 000	4 676 000	4 008 000	4 085 000
Depreciation	66 000	69 000	81 000	82 000
Impairment	0	0	0	0
Expenditure	781 417 000	760 711 000	480 011 000	561 557 000
Operating Profit	10 163 000	7 750 000	5 504 000	7 401 000
Financial Income	562 000	950 000	625 000	630 000
Financial Costs	338 000	420 000	137 000	321 000
Financial Balance	224 000	530 000	488 000	309 000
Dividends	0	0	0	0
Net Income	7 791 000	6 329 000	4 030 000	5 934 000

Balance details (USD)	2023	2022	2021	2020
Goodwill	0	0	0	0
Total Intangible Assets	0	4 000	51 000	106 000
Real Eastate	0	0	0	0
Machinery and Plant Facilities	0	0	0	0
Fixtures	158 000	176 000	243 000	321 000
Total Tangible Assets	158 000	176 000	243 000	321 000
Total Fiancial Fixed Assets	0	0	0	0
Total Fixed Assets	158 000	180 000	293 000	427 000
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	445 000	294 000	351 000	451 000
Total Current Assets	68 132 000	99 983 000	63 117 000	46 328 000
Total Assets	68 289 000	100 163 000	63 410 000	46 756 000
Total Equity	18 151 000	18 360 000	16 032 000	18 002 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	8 000	0	0	0
Creditors	44 519 000	77 939 000	44 110 000	24 242 000
Unpaid Taxes	454 000	746 000	270 000	774 000
Dividends	0	0	0	0
Other Current Debt	2 059 000	1 263 000	1 288 000	1 691 000
Total Current Debt	50 130 000	81 803 000	47 378 000	28 754 000
Total Equity and Debt	68 289 000	100 163 000	63 410 000	46 756 000

Financial indicators	2023	2022	2021	2020
Return on Equity	42,92 %	34,47 %	25,14 %	32,96 %
Debt-to-Equity Ratio	0	0	0	0
Operating Profit Margin	1,28 %	1,01 %	1,13 %	1,3 %
Current Ratio	1,36	1,22	1,33	1,61
Quick Ratio	1,36	1,22	1,33	1,61
Equity Ratio	0,27	0,18	0,25	0,39
Gross Profit Margin	2,75 %	2,03 %	2,4 %	2,37 %