MILLENNIUM SHIPPING AS

4307 SANDNES

Finances

Share Ownership

Return on Equity

−66,99 %

Current Ratio

1,76

Debt-to-Equity Ratio

Key figures (NOK)	2022	2021	2020	2019
Revenue	12 190 000	8 525 000	10 656 000	10 732 000
Net Income	−274 000	222 000	257 000	−154 000
Total Assets	891 000	862 000	1 256 000	697 000
Total Equity	409 000	684 000	461 000	205 000

Income (NOK)	2022	2021	2020	2019
Revenue	12 190 000	8 525 000	10 656 000	10 732 000
Expenditure	12 483 000	8 305 000	10 411 000	10 929 000
Operating Profit	−292 000	219 000	244 000	−195 000
Financial Income	19 000	12 000	13 000	41 000
Financial Costs	1 000	9 000	0	0
Financial Balance	18 000	3 000	13 000	41 000
Earnings Before Tax	−274 000	222 000	257 000	−154 000
Tax	0	0	0	0
Net Income	−274 000	222 000	257 000	−154 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	45 000	58 000	0	71 000
Total Current Assets	845 000	804 000	1 256 000	626 000
Total Assets	891 000	862 000	1 256 000	697 000
Total Retained Equity	119 000	394 000	171 000	−85 000
Total Equity	409 000	684 000	461 000	205 000
Total Long-Term Debt	0	0	0	0
Total Current Debt	481 000	178 000	795 000	492 000
Total Equity and Debt	891 000	862 000	1 256 000	697 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	10 938 000	7 095 000	9 272 000	8 995 000
Other Income	1 252 000	1 430 000	1 384 000	1 738 000
Revenue	12 190 000	8 525 000	10 656 000	10 732 000
Cost of Goods Sold	11 118 000	7 502 000	9 286 000	9 186 000
Salary Costs	931 000	493 000	781 000	1 319 000
Depreciation	0	0	3 000	5 000
Impairment	0	0	0	0
Expenditure	12 483 000	8 305 000	10 411 000	10 929 000
Operating Profit	−292 000	219 000	244 000	−195 000
Financial Income	19 000	12 000	13 000	41 000
Financial Costs	1 000	9 000	0	0
Financial Balance	18 000	3 000	13 000	41 000
Dividends	0	0	0	0
Net Income	−274 000	222 000	257 000	−154 000

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	0	0	0	37 000
Total Tangible Assets	0	0	0	37 000
Total Fiancial Fixed Assets	45 000	58 000	0	34 000
Total Fixed Assets	45 000	58 000	0	71 000
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	295 000	548 000	492 000	244 000
Total Current Assets	845 000	804 000	1 256 000	626 000
Total Assets	891 000	862 000	1 256 000	697 000
Total Equity	409 000	684 000	461 000	205 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	0	0	0	0
Creditors	357 000	117 000	685 000	342 000
Unpaid Taxes	47 000	29 000	54 000	92 000
Dividends	0	0	0	0
Other Current Debt	77 000	33 000	56 000	58 000
Total Current Debt	481 000	178 000	795 000	492 000
Total Equity and Debt	891 000	862 000	1 256 000	697 000

Financial indicators	2022	2021	2020	2019
Return on Equity	−66,99 %	32,46 %	55,75 %	−75,12 %
Debt-to-Equity Ratio	0	0	0	0
Operating Profit Margin	−2,4 %	2,57 %	2,29 %	−1,82 %
Current Ratio	1,76	4,52	1,58	1,27
Quick Ratio	1,76	4,52	1,58	1,27
Equity Ratio	0,46	0,79	0,37	0,29
Gross Profit Margin	8,79 %	12 %	12,86 %	14,41 %