WESTERN BULK CARRIERS AS

0255 OSLO

Finances

Share Ownership

Return on Equity

76,99 %

Current Ratio

1,61

Debt-to-Equity Ratio

Key figures (USD)	2022	2021	2020	2019
Revenue	644 350 000	596 325 000	219 843 000	344 641 000
Net Income	24 134 000	3 718 000	1 230 000	−657 000
Total Assets	82 766 000	74 518 000	50 436 000	67 374 000
Total Equity	31 345 000	17 211 000	28 493 000	27 262 000

Income (USD)	2022	2021	2020	2019
Revenue	644 350 000	596 325 000	219 843 000	344 641 000
Expenditure	618 478 000	591 312 000	218 656 000	345 499 000
Operating Profit	25 872 000	5 013 000	1 187 000	−858 000
Financial Income	143 000	−332 000	655 000	1 540 000
Financial Costs	818 000	227 000	202 000	316 000
Financial Balance	−675 000	−559 000	453 000	1 224 000
Earnings Before Tax	25 197 000	4 454 000	1 640 000	366 000
Tax	1 063 000	736 000	410 000	1 023 000
Net Income	24 134 000	3 718 000	1 230 000	−657 000

Balance (USD)	2022	2021	2020	2019
Total Fixed Assets	0	530 000	630 000	630 000
Total Current Assets	82 766 000	73 988 000	49 806 000	66 744 000
Total Assets	82 766 000	74 518 000	50 436 000	67 374 000
Total Retained Equity	31 308 000	0	0	0
Total Equity	31 345 000	17 211 000	28 493 000	27 262 000
Total Long-Term Debt	83 000	116 000	150 000	182 000
Total Current Debt	51 338 000	57 191 000	21 793 000	39 930 000
Total Equity and Debt	82 766 000	74 518 000	50 436 000	67 374 000

Cash flow (USD)	2022	2021	2020	2019
Sales Income	955 635 000	861 185 000	396 502 000	567 135 000
Other Income	−311 285 000	−264 860 000	−176 659 000	−222 494 000
Revenue	644 350 000	596 325 000	219 843 000	344 641 000
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	618 478 000	591 312 000	218 656 000	345 499 000
Operating Profit	25 872 000	5 013 000	1 187 000	−858 000
Financial Income	143 000	−332 000	655 000	1 540 000
Financial Costs	818 000	227 000	202 000	316 000
Financial Balance	−675 000	−559 000	453 000	1 224 000
Dividends	10 000 000	15 000 000	0	0
Net Income	24 134 000	3 718 000	1 230 000	−657 000

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	0	530 000	630 000	630 000
Total Fixed Assets	0	530 000	630 000	630 000
Stock	23 916 000	19 731 000	13 732 000	20 121 000
Total Investments	0	0	0	0
Cash, Bank	2 449 000	2 792 000	4 294 000	2 065 000
Total Current Assets	82 766 000	73 988 000	49 806 000	66 744 000
Total Assets	82 766 000	74 518 000	50 436 000	67 374 000
Total Equity	31 345 000	17 211 000	28 493 000	27 262 000
Short-Term Group Debt	18 195 000	25 628 000	2 050 000	2 478 000
Total Long-Term Debt	83 000	116 000	150 000	182 000
Creditors	6 920 000	5 950 000	3 062 000	2 707 000
Unpaid Taxes	0	0	0	0
Dividends	10 000 000	15 000 000	0	0
Other Current Debt	15 142 000	9 858 000	16 166 000	33 680 000
Total Current Debt	51 338 000	57 191 000	21 793 000	39 930 000
Total Equity and Debt	82 766 000	74 518 000	50 436 000	67 374 000

Financial indicators	2022	2021	2020	2019
Return on Equity	76,99 %	21,6 %	4,32 %	−2,41 %
Debt-to-Equity Ratio	0	0,01	0,01	0,01
Operating Profit Margin	4,02 %	0,84 %	0,54 %	−0,25 %
Current Ratio	1,61	1,29	2,29	1,67
Quick Ratio	3,02	1,98	6,18	3,37
Equity Ratio	0,38	0,23	0,56	0,4
Gross Profit Margin	100 %	100 %	100 %	100 %