BULKSHIP MANAGEMENT AS

0251 OSLO

Finances

Share Ownership

Return on Equity

47,54 %

Current Ratio

1,79

Debt-to-Equity Ratio

Key figures (NOK)	2022	2021	2020	2019
Revenue	31 063 000	27 800 000	30 124 000	28 089 000
Net Income	2 630 000	4 382 000	8 735 000	4 577 000
Total Assets	11 550 000	31 654 000	27 991 000	19 241 000
Total Equity	5 532 000	5 352 000	23 211 000	14 476 000

Income (NOK)	2022	2021	2020	2019
Revenue	31 063 000	27 800 000	30 124 000	28 089 000
Expenditure	27 359 000	22 981 000	24 339 000	25 493 000
Operating Profit	3 704 000	4 819 000	5 785 000	2 597 000
Financial Income	51 000	609 000	4 875 000	2 622 000
Financial Costs	306 000	−210 000	702 000	38 000
Financial Balance	−255 000	819 000	4 173 000	2 584 000
Earnings Before Tax	3 449 000	5 638 000	9 959 000	5 181 000
Tax	818 000	1 256 000	1 223 000	604 000
Net Income	2 630 000	4 382 000	8 735 000	4 577 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	751 000	902 000	10 691 000	7 119 000
Total Current Assets	10 799 000	30 752 000	17 300 000	12 122 000
Total Assets	11 550 000	31 654 000	27 991 000	19 241 000
Total Retained Equity	4 412 000	4 232 000	22 091 000	13 356 000
Total Equity	5 532 000	5 352 000	23 211 000	14 476 000
Total Long-Term Debt	0	0	1 357 000	1 220 000
Total Current Debt	6 017 000	26 302 000	3 423 000	3 545 000
Total Equity and Debt	11 550 000	31 654 000	27 991 000	19 241 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	15 488 000	27 800 000	30 124 000	28 089 000
Other Income	15 574 000	0	0	0
Revenue	31 063 000	27 800 000	30 124 000	28 089 000
Cost of Goods Sold	0	0	0	0
Salary Costs	20 634 000	16 931 000	17 490 000	19 254 000
Depreciation	292 000	191 000	190 000	179 000
Impairment	0	0	0	0
Expenditure	27 359 000	22 981 000	24 339 000	25 493 000
Operating Profit	3 704 000	4 819 000	5 785 000	2 597 000
Financial Income	51 000	609 000	4 875 000	2 622 000
Financial Costs	306 000	−210 000	702 000	38 000
Financial Balance	−255 000	819 000	4 173 000	2 584 000
Dividends	0	0	0	0
Net Income	2 630 000	4 382 000	8 735 000	4 577 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	73 000	271 000	209 000	3 000
Real Eastate	0	0	0	0
Machinery and Plant Facilities	0	0	0	0
Fixtures	563 000	516 000	603 000	771 000
Total Tangible Assets	563 000	516 000	603 000	771 000
Total Fiancial Fixed Assets	115 000	115 000	9 880 000	6 346 000
Total Fixed Assets	751 000	902 000	10 691 000	7 119 000
Stock	275 000	202 000	106 000	240 000
Total Investments	0	0	0	0
Cash, Bank	6 203 000	4 771 000	4 634 000	3 700 000
Total Current Assets	10 799 000	30 752 000	17 300 000	12 122 000
Total Assets	11 550 000	31 654 000	27 991 000	19 241 000
Total Equity	5 532 000	5 352 000	23 211 000	14 476 000
Short-Term Group Debt	377 000	543 000	0	538 000
Total Long-Term Debt	0	0	1 357 000	1 220 000
Creditors	514 000	333 000	710 000	922 000
Unpaid Taxes	1 023 000	523 000	466 000	458 000
Dividends	0	0	0	0
Other Current Debt	3 483 000	23 586 000	818 000	1 011 000
Total Current Debt	6 017 000	26 302 000	3 423 000	3 545 000
Total Equity and Debt	11 550 000	31 654 000	27 991 000	19 241 000

Financial indicators	2022	2021	2020	2019
Return on Equity	47,54 %	81,88 %	37,63 %	31,62 %
Debt-to-Equity Ratio	0	0	0,06	0,08
Operating Profit Margin	11,92 %	17,33 %	19,2 %	9,25 %
Current Ratio	1,79	1,17	5,05	3,42
Quick Ratio	1,88	1,18	5,22	3,67
Equity Ratio	0,48	0,17	0,83	0,75
Gross Profit Margin	100 %	100 %	100 %	100 %