NORTHERN RESEARCH SHIPPING AS

4876 GRIMSTAD

Finances

Share Ownership

Return on Equity

832,79 %

Current Ratio

0,74

Debt-to-Equity Ratio

1,57

Key figures (NOK)	2022	2021	2020	2019
Revenue	0	0	0	148 000
Net Income	6 629 000	−1 000	−32 000	−6 495 000
Total Assets	8 046 000	3 124 000	4 225 000	5 101 000
Total Equity	796 000	168 000	169 000	201 000

Income (NOK)	2022	2021	2020	2019
Revenue	0	0	0	148 000
Expenditure	−5 334 000	61 000	70 000	6 760 000
Operating Profit	5 334 000	−61 000	−70 000	−6 611 000
Financial Income	1 484 000	199 000	217 000	264 000
Financial Costs	189 000	140 000	179 000	149 000
Financial Balance	1 295 000	59 000	38 000	115 000
Earnings Before Tax	6 629 000	−1 000	−32 000	−6 495 000
Tax	0	0	0	0
Net Income	6 629 000	−1 000	−32 000	−6 495 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	3 605 000	2 456 000	3 539 000	4 621 000
Total Current Assets	4 442 000	668 000	686 000	480 000
Total Assets	8 046 000	3 124 000	4 225 000	5 101 000
Total Retained Equity	629 000	0	0	0
Total Equity	796 000	168 000	169 000	201 000
Total Long-Term Debt	1 250 000	2 911 000	4 012 000	4 822 000
Total Current Debt	6 000 000	45 000	44 000	78 000
Total Equity and Debt	8 046 000	3 124 000	4 225 000	5 101 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	0	0	0	54 000
Other Income	0	0	0	94 000
Revenue	0	0	0	148 000
Cost of Goods Sold	0	0	0	0
Salary Costs	0	0	0	15 000
Depreciation	40 000	40 000	40 000	121 000
Impairment	−5 399 000	0	0	0
Expenditure	−5 334 000	61 000	70 000	6 760 000
Operating Profit	5 334 000	−61 000	−70 000	−6 611 000
Financial Income	1 484 000	199 000	217 000	264 000
Financial Costs	189 000	140 000	179 000	149 000
Financial Balance	1 295 000	59 000	38 000	115 000
Dividends	6 000 000	0	0	0
Net Income	6 629 000	−1 000	−32 000	−6 495 000

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	70 000	110 000	150 000	190 000
Total Tangible Assets	70 000	110 000	150 000	190 000
Total Fiancial Fixed Assets	3 535 000	2 346 000	3 389 000	4 431 000
Total Fixed Assets	3 605 000	2 456 000	3 539 000	4 621 000
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	4 434 000	43 000	48 000	460 000
Total Current Assets	4 442 000	668 000	686 000	480 000
Total Assets	8 046 000	3 124 000	4 225 000	5 101 000
Total Equity	796 000	168 000	169 000	201 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	1 250 000	2 911 000	4 012 000	4 822 000
Creditors	0	1 000	0	0
Unpaid Taxes	0	0	0	11 000
Dividends	6 000 000	0	0	0
Other Current Debt	6 000 000	44 000	44 000	67 000
Total Current Debt	6 000 000	45 000	44 000	78 000
Total Equity and Debt	8 046 000	3 124 000	4 225 000	5 101 000

Financial indicators	2022	2021	2020	2019
Return on Equity	832,79 %	−0,6 %	−18,93 %	−3 231,34 %
Debt-to-Equity Ratio	1,57	17,33	23,74	23,99
Operating Profit Margin	-	-	-	−4 466,89 %
Current Ratio	0,74	14,84	15,59	6,15
Quick Ratio	0,74	14,84	15,59	6,15
Equity Ratio	0,1	0,05	0,04	0,04
Gross Profit Margin	-	-	-	100 %