SINOCEANIC SHIPPING AS

0161 OSLO

Finances

Return on Equity

14,25 %

Current Ratio

11,47

Debt-to-Equity Ratio

Key figures (USD)	2022	2021	2020	2019
Revenue	11 045 000	9 001 000	5 390 000	11 514 000
Net Income	4 882 000	2 528 000	−783 000	−16 888 000
Total Assets	36 672 000	30 615 000	28 596 000	43 431 000
Total Equity	34 252 000	29 346 000	26 805 000	40 502 000

Income (USD)	2022	2021	2020	2019
Revenue	11 045 000	9 001 000	5 390 000	11 514 000
Expenditure	6 289 000	6 248 000	5 778 000	28 040 000
Operating Profit	4 756 000	2 752 000	−389 000	−16 527 000
Financial Income	212 000	−56 000	60 000	801 000
Financial Costs	85 000	169 000	454 000	1 163 000
Financial Balance	127 000	−225 000	−394 000	−362 000
Earnings Before Tax	4 882 000	2 528 000	−783 000	−16 888 000
Tax	0	0	0	0
Net Income	4 882 000	2 528 000	−783 000	−16 888 000

Balance (USD)	2022	2021	2020	2019
Total Fixed Assets	10 490 000	10 055 000	9 868 000	9 783 000
Total Current Assets	26 182 000	20 560 000	18 728 000	33 648 000
Total Assets	36 672 000	30 615 000	28 596 000	43 431 000
Total Retained Equity	34 080 000	29 174 000	26 633 000	40 330 000
Total Equity	34 252 000	29 346 000	26 805 000	40 502 000
Total Long-Term Debt	138 000	170 000	212 000	0
Total Current Debt	2 282 000	1 099 000	1 579 000	2 929 000
Total Equity and Debt	36 672 000	30 615 000	28 596 000	43 431 000

Cash flow (USD)	2022	2021	2020	2019
Sales Income	8 746 000	7 497 000	2 715 000	7 002 000
Other Income	2 298 000	1 504 000	2 675 000	4 512 000
Revenue	11 045 000	9 001 000	5 390 000	11 514 000
Cost of Goods Sold	3 033 000	2 902 000	2 693 000	2 646 000
Salary Costs	0	0	0	0
Depreciation	237 000	287 000	281 000	1 598 000
Impairment	0	0	0	19 868 000
Expenditure	6 289 000	6 248 000	5 778 000	28 040 000
Operating Profit	4 756 000	2 752 000	−389 000	−16 527 000
Financial Income	212 000	−56 000	60 000	801 000
Financial Costs	85 000	169 000	454 000	1 163 000
Financial Balance	127 000	−225 000	−394 000	−362 000
Dividends	0	0	0	0
Net Income	4 882 000	2 528 000	−783 000	−16 888 000

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	517 000	488 000	557 000	33 000
Total Tangible Assets	9 429 000	8 995 000	8 807 000	8 283 000
Total Fiancial Fixed Assets	1 061 000	1 061 000	1 061 000	1 500 000
Total Fixed Assets	10 490 000	10 055 000	9 868 000	9 783 000
Stock	224 000	134 000	186 000	96 000
Total Investments	0	0	0	0
Cash, Bank	25 410 000	19 916 000	17 634 000	26 395 000
Total Current Assets	26 182 000	20 560 000	18 728 000	33 648 000
Total Assets	36 672 000	30 615 000	28 596 000	43 431 000
Total Equity	34 252 000	29 346 000	26 805 000	40 502 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	138 000	170 000	212 000	0
Creditors	389 000	217 000	717 000	595 000
Unpaid Taxes	0	0	0	0
Dividends	0	0	0	0
Other Current Debt	1 583 000	586 000	533 000	2 333 000
Total Current Debt	2 282 000	1 099 000	1 579 000	2 929 000
Total Equity and Debt	36 672 000	30 615 000	28 596 000	43 431 000

Financial indicators	2022	2021	2020	2019
Return on Equity	14,25 %	8,61 %	−2,92 %	−41,7 %
Debt-to-Equity Ratio	0	0,01	0,01	0
Operating Profit Margin	43,06 %	30,57 %	−7,22 %	−143,54 %
Current Ratio	11,47	18,71	11,86	11,49
Quick Ratio	12,72	21,31	13,44	11,88
Equity Ratio	0,93	0,96	0,94	0,93
Gross Profit Margin	72,54 %	67,76 %	50,04 %	77,02 %