NORTH SEA SHIPPING AS

5385 BAKKASUND

Finances

Return on Equity

0,65 %

Current Ratio

0,88

Debt-to-Equity Ratio

Key figures (NOK)	2022	2021	2020	2019
Revenue	166 687 000	22 142 000	24 568 000	23 876 000
Net Income	103 000	−5 370 000	−6 425 000	−4 524 000
Total Assets	54 082 000	33 688 000	22 275 000	33 380 000
Total Equity	15 780 000	6 202 000	1 572 000	16 762 000

Income (NOK)	2022	2021	2020	2019
Revenue	166 687 000	22 142 000	24 568 000	23 876 000
Expenditure	166 651 000	28 964 000	30 579 000	29 750 000
Operating Profit	35 000	−6 823 000	−6 011 000	−5 874 000
Financial Income	987 000	−6 000	−1 449 000	230 000
Financial Costs	836 000	47 000	313 000	207 000
Financial Balance	151 000	−53 000	−1 762 000	23 000
Earnings Before Tax	186 000	−6 876 000	−7 774 000	−5 851 000
Tax	83 000	−1 506 000	−1 348 000	−1 327 000
Net Income	103 000	−5 370 000	−6 425 000	−4 524 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	20 222 000	22 074 000	20 492 000	18 265 000
Total Current Assets	33 860 000	11 613 000	1 784 000	15 115 000
Total Assets	54 082 000	33 688 000	22 275 000	33 380 000
Total Retained Equity	8 868 000	−710 000	−10 232 000	4 959 000
Total Equity	15 780 000	6 202 000	1 572 000	16 762 000
Total Long-Term Debt	0	0	0	3 969 000
Total Current Debt	38 302 000	27 486 000	20 704 000	12 649 000
Total Equity and Debt	54 082 000	33 688 000	22 275 000	33 380 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	166 687 000	22 142 000	24 568 000	23 876 000
Other Income	0	0	0	0
Revenue	166 687 000	22 142 000	24 568 000	23 876 000
Cost of Goods Sold	89 541 000	0	0	0
Salary Costs	20 292 000	20 702 000	21 209 000	21 022 000
Depreciation	7 000	138 000	373 000	423 000
Impairment	0	0	0	0
Expenditure	166 651 000	28 964 000	30 579 000	29 750 000
Operating Profit	35 000	−6 823 000	−6 011 000	−5 874 000
Financial Income	987 000	−6 000	−1 449 000	230 000
Financial Costs	836 000	47 000	313 000	207 000
Financial Balance	151 000	−53 000	−1 762 000	23 000
Dividends	0	0	0	0
Net Income	103 000	−5 370 000	−6 425 000	−4 524 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	17 597 000	20 152 000	18 646 000	14 826 000
Real Eastate	1 607 000	1 607 000	1 607 000	1 607 000
Machinery and Plant Facilities	0	0	0	0
Fixtures	62 000	70 000	186 000	558 000
Total Tangible Assets	1 669 000	1 676 000	1 792 000	2 165 000
Total Fiancial Fixed Assets	956 000	245 000	53 000	1 274 000
Total Fixed Assets	20 222 000	22 074 000	20 492 000	18 265 000
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	1 041 000	929 000	950 000	947 000
Total Current Assets	33 860 000	11 613 000	1 784 000	15 115 000
Total Assets	54 082 000	33 688 000	22 275 000	33 380 000
Total Equity	15 780 000	6 202 000	1 572 000	16 762 000
Short-Term Group Debt	25 718 000	23 484 000	16 882 000	9 023 000
Total Long-Term Debt	0	0	0	3 969 000
Creditors	9 173 000	811 000	615 000	416 000
Unpaid Taxes	1 627 000	1 505 000	1 561 000	1 470 000
Dividends	0	0	0	0
Other Current Debt	1 784 000	1 687 000	1 645 000	1 740 000
Total Current Debt	38 302 000	27 486 000	20 704 000	12 649 000
Total Equity and Debt	54 082 000	33 688 000	22 275 000	33 380 000

Financial indicators	2022	2021	2020	2019
Return on Equity	0,65 %	−86,58 %	−408,72 %	−26,99 %
Debt-to-Equity Ratio	0	0	0	0,24
Operating Profit Margin	0,02 %	−30,81 %	−24,47 %	−24,6 %
Current Ratio	0,88	0,42	0,09	1,19
Quick Ratio	0,88	0,42	0,09	1,19
Equity Ratio	0,29	0,18	0,07	0,5
Gross Profit Margin	46,28 %	100 %	100 %	100 %