OTTO HESTNESS REDERI AS

5012 BERGEN

Finances

Return on Equity

47,92 %

Current Ratio

2,55

Debt-to-Equity Ratio

Key figures (NOK)	2022	2021	2020	2019
Revenue	0	0	0	0
Net Income	33 622 000	23 683 000	4 618 000	2 180 000
Total Assets	105 311 000	96 874 000	76 885 000	71 721 000
Total Equity	70 157 000	38 269 000	47 418 000	43 228 000

Income (NOK)	2022	2021	2020	2019
Revenue	0	0	0	0
Expenditure	156 000	231 000	34 000	124 000
Operating Profit	−156 000	−231 000	−34 000	−124 000
Financial Income	35 241 000	24 240 000	5 246 000	2 841 000
Financial Costs	972 000	176 000	470 000	325 000
Financial Balance	34 269 000	24 064 000	4 776 000	2 516 000
Earnings Before Tax	34 113 000	23 833 000	4 742 000	2 393 000
Tax	491 000	150 000	124 000	212 000
Net Income	33 622 000	23 683 000	4 618 000	2 180 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	15 621 000	16 046 000	17 738 000	17 022 000
Total Current Assets	89 691 000	80 827 000	59 147 000	54 699 000
Total Assets	105 311 000	96 874 000	76 885 000	71 721 000
Total Retained Equity	31 888 000	0	5 635 000	1 445 000
Total Equity	70 157 000	38 269 000	47 418 000	43 228 000
Total Long-Term Debt	0	0	0	0
Total Current Debt	35 155 000	58 605 000	29 467 000	28 493 000
Total Equity and Debt	105 311 000	96 874 000	76 885 000	71 721 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	0	0	0	0
Other Income	0	0	0	0
Revenue	0	0	0	0
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	156 000	231 000	34 000	124 000
Operating Profit	−156 000	−231 000	−34 000	−124 000
Financial Income	35 241 000	24 240 000	5 246 000	2 841 000
Financial Costs	972 000	176 000	470 000	325 000
Financial Balance	34 269 000	24 064 000	4 776 000	2 516 000
Dividends	0	0	0	0
Net Income	33 622 000	23 683 000	4 618 000	2 180 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	10 000	12 000	15 000	19 000
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	15 611 000	16 034 000	17 722 000	17 003 000
Total Fixed Assets	15 621 000	16 046 000	17 738 000	17 022 000
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	8 864 000	11 908 000	4 140 000	2 185 000
Total Current Assets	89 691 000	80 827 000	59 147 000	54 699 000
Total Assets	105 311 000	96 874 000	76 885 000	71 721 000
Total Equity	70 157 000	38 269 000	47 418 000	43 228 000
Short-Term Group Debt	35 133 000	58 578 000	29 448 000	28 430 000
Total Long-Term Debt	0	0	0	0
Creditors	21 000	27 000	19 000	0
Unpaid Taxes	0	0	0	0
Dividends	0	0	0	0
Other Current Debt	0	0	0	62 000
Total Current Debt	35 155 000	58 605 000	29 467 000	28 493 000
Total Equity and Debt	105 311 000	96 874 000	76 885 000	71 721 000

Financial indicators	2022	2021	2020	2019
Return on Equity	47,92 %	61,89 %	9,74 %	5,04 %
Debt-to-Equity Ratio	0	0	0	0
Operating Profit Margin	-	-	-	-
Current Ratio	2,55	1,38	2,01	1,92
Quick Ratio	2,55	1,38	2,01	1,92
Equity Ratio	0,67	0,4	0,62	0,6
Gross Profit Margin	-	-	-	-