TANGEN SHIPPING AS

3912 PORSGRUNN

Finances

Share Ownership

Return on Equity

92,74 %

Current Ratio

1,11

Debt-to-Equity Ratio

Key figures (NOK)	2022	2021	2020	2019
Revenue	32 891 000	63 280 000	43 704 000	42 383 000
Net Income	434 000	1 945 000	594 000	526 000
Total Assets	4 316 000	13 206 000	10 004 000	10 685 000
Total Equity	468 000	3 749 000	1 803 000	1 209 000

Income (NOK)	2022	2021	2020	2019
Revenue	32 891 000	63 280 000	43 704 000	42 383 000
Expenditure	32 211 000	60 555 000	42 765 000	41 519 000
Operating Profit	680 000	2 726 000	938 000	864 000
Financial Income	−1 000	20 000	21 000	19 000
Financial Costs	130 000	252 000	198 000	197 000
Financial Balance	−131 000	−232 000	−177 000	−178 000
Earnings Before Tax	549 000	2 494 000	762 000	685 000
Tax	114 000	549 000	168 000	159 000
Net Income	434 000	1 945 000	594 000	526 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	53 000	106 000	534 000	682 000
Total Current Assets	4 263 000	13 100 000	9 470 000	10 003 000
Total Assets	4 316 000	13 206 000	10 004 000	10 685 000
Total Retained Equity	434 000	2 649 000	703 000	109 000
Total Equity	468 000	3 749 000	1 803 000	1 209 000
Total Long-Term Debt	0	0	0	0
Total Current Debt	3 847 000	9 458 000	8 201 000	9 476 000
Total Equity and Debt	4 316 000	13 206 000	10 004 000	10 685 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	32 891 000	63 279 000	43 570 000	42 355 000
Other Income	0	1 000	134 000	28 000
Revenue	32 891 000	63 280 000	43 704 000	42 383 000
Cost of Goods Sold	31 546 000	52 491 000	34 617 000	32 670 000
Salary Costs	510 000	6 148 000	5 710 000	5 954 000
Depreciation	0	41 000	41 000	41 000
Impairment	0	0	0	0
Expenditure	32 211 000	60 555 000	42 765 000	41 519 000
Operating Profit	680 000	2 726 000	938 000	864 000
Financial Income	−1 000	20 000	21 000	19 000
Financial Costs	130 000	252 000	198 000	197 000
Financial Balance	−131 000	−232 000	−177 000	−178 000
Dividends	0	0	0	0
Net Income	434 000	1 945 000	594 000	526 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	0	24 000	355 000	522 000
Real Eastate	0	0	0	0
Machinery and Plant Facilities	0	0	0	0
Fixtures	31 000	3 000	44 000	85 000
Total Tangible Assets	31 000	3 000	44 000	85 000
Total Fiancial Fixed Assets	21 000	79 000	136 000	75 000
Total Fixed Assets	53 000	106 000	534 000	682 000
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	1 445 000	722 000	1 849 000	659 000
Total Current Assets	4 263 000	13 100 000	9 470 000	10 003 000
Total Assets	4 316 000	13 206 000	10 004 000	10 685 000
Total Equity	468 000	3 749 000	1 803 000	1 209 000
Short-Term Group Debt	3 000 000	3 308 000	3 558 000	3 758 000
Total Long-Term Debt	0	0	0	0
Creditors	78 000	2 592 000	2 591 000	2 952 000
Unpaid Taxes	429 000	511 000	436 000	398 000
Dividends	0	0	0	0
Other Current Debt	233 000	1 681 000	1 013 000	1 607 000
Total Current Debt	3 847 000	9 458 000	8 201 000	9 476 000
Total Equity and Debt	4 316 000	13 206 000	10 004 000	10 685 000

Financial indicators	2022	2021	2020	2019
Return on Equity	92,74 %	51,88 %	32,95 %	43,51 %
Debt-to-Equity Ratio	0	0	0	0
Operating Profit Margin	2,07 %	4,31 %	2,15 %	2,04 %
Current Ratio	1,11	1,39	1,15	1,06
Quick Ratio	1,11	1,39	1,15	1,06
Equity Ratio	0,11	0,28	0,18	0,11
Gross Profit Margin	4,09 %	17,05 %	20,79 %	22,92 %