M HJORTESETH SHIPPING AS

5174 MATHOPEN

Finances

Share Ownership

Return on Equity

−30,39 %

Current Ratio

1,01

Debt-to-Equity Ratio

0,26

Key figures (NOK)	2021	2020	2019	2018
Revenue	14 852 000	11 049 000	19 441 000	20 227 000
Net Income	−1 117 000	−592 000	−3 075 000	2 152 000
Total Assets	8 325 000	6 736 000	22 506 000	27 573 000
Total Equity	3 676 000	4 793 000	5 385 000	8 460 000

Income (NOK)	2021	2020	2019	2018
Revenue	14 852 000	11 049 000	19 441 000	20 227 000
Expenditure	16 205 000	11 223 000	22 805 000	16 941 000
Operating Profit	−1 353 000	−173 000	−3 363 000	3 285 000
Financial Income	2 000	2 000	102 000	36 000
Financial Costs	80 000	585 000	677 000	581 000
Financial Balance	−78 000	−583 000	−575 000	−545 000
Earnings Before Tax	−1 432 000	−757 000	−3 939 000	2 740 000
Tax	−315 000	−165 000	−864 000	588 000
Net Income	−1 117 000	−592 000	−3 075 000	2 152 000

Balance (NOK)	2021	2020	2019	2018
Total Fixed Assets	4 619 000	4 119 000	17 204 000	18 906 000
Total Current Assets	3 706 000	2 617 000	5 302 000	8 666 000
Total Assets	8 325 000	6 736 000	22 506 000	27 573 000
Total Retained Equity	1 176 000	2 293 000	2 885 000	5 960 000
Total Equity	3 676 000	4 793 000	5 385 000	8 460 000
Total Long-Term Debt	965 000	624 000	13 019 000	12 418 000
Total Current Debt	3 684 000	1 319 000	4 101 000	6 694 000
Total Equity and Debt	8 325 000	6 736 000	22 506 000	27 573 000

Cash flow (NOK)	2021	2020	2019	2018
Sales Income	14 852 000	6 766 000	18 445 000	17 748 000
Other Income	0	4 283 000	996 000	2 478 000
Revenue	14 852 000	11 049 000	19 441 000	20 227 000
Cost of Goods Sold	6 185 000	464 000	1 167 000	0
Salary Costs	3 557 000	3 653 000	8 585 000	7 386 000
Depreciation	1 131 000	1 975 000	2 428 000	2 175 000
Impairment	0	0	2 156 000	0
Expenditure	16 205 000	11 223 000	22 805 000	16 941 000
Operating Profit	−1 353 000	−173 000	−3 363 000	3 285 000
Financial Income	2 000	2 000	102 000	36 000
Financial Costs	80 000	585 000	677 000	581 000
Financial Balance	−78 000	−583 000	−575 000	−545 000
Dividends	0	0	0	0
Net Income	−1 117 000	−592 000	−3 075 000	2 152 000

Balance details (NOK)	2021	2020	2019	2018
Goodwill	0	0	0	0
Total Intangible Assets	276 000	0	0	0
Real Eastate	0	0	0	0
Machinery and Plant Facilities	272 000	344 000	307 000	327 000
Fixtures	226 000	284 000	195 000	34 000
Total Tangible Assets	3 688 000	3 405 000	16 503 000	18 186 000
Total Fiancial Fixed Assets	655 000	713 000	701 000	720 000
Total Fixed Assets	4 619 000	4 119 000	17 204 000	18 906 000
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	189 000	1 546 000	1 392 000	1 290 000
Total Current Assets	3 706 000	2 617 000	5 302 000	8 666 000
Total Assets	8 325 000	6 736 000	22 506 000	27 573 000
Total Equity	3 676 000	4 793 000	5 385 000	8 460 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	965 000	624 000	13 019 000	12 418 000
Creditors	3 049 000	842 000	1 825 000	1 632 000
Unpaid Taxes	320 000	193 000	594 000	1 870 000
Dividends	0	0	0	0
Other Current Debt	281 000	284 000	1 682 000	1 504 000
Total Current Debt	3 684 000	1 319 000	4 101 000	6 694 000
Total Equity and Debt	8 325 000	6 736 000	22 506 000	27 573 000

Financial indicators	2021	2020	2019	2018
Return on Equity	−30,39 %	−12,35 %	−57,1 %	25,44 %
Debt-to-Equity Ratio	0,26	0,13	2,42	1,47
Operating Profit Margin	−9,11 %	−1,57 %	−17,3 %	16,24 %
Current Ratio	1,01	1,98	1,29	1,29
Quick Ratio	1,01	1,98	1,29	1,29
Equity Ratio	0,44	0,71	0,24	0,31
Gross Profit Margin	58,36 %	95,8 %	94 %	100 %