MARINE TANKERS SERVICES AS

5008 BERGEN

Finances

Return on Equity

6,26 %

Current Ratio

22,85

Debt-to-Equity Ratio

0,01

Key figures (USD)	2022	2021	2020	2019
Revenue	6 647 000	6 385 000	6 366 000	6 878 000
Net Income	1 779 000	1 722 000	4 189 000	2 448 000
Total Assets	29 371 000	29 161 000	27 329 000	25 321 000
Total Equity	28 409 000	28 630 000	26 908 000	24 718 000

Income (USD)	2022	2021	2020	2019
Revenue	6 647 000	6 385 000	6 366 000	6 878 000
Expenditure	4 487 000	4 445 000	4 219 000	4 412 000
Operating Profit	2 159 000	1 941 000	2 147 000	2 466 000
Financial Income	0	1 000	2 002 000	9 000
Financial Costs	22 000	88 000	24 000	17 000
Financial Balance	−22 000	−87 000	1 978 000	−8 000
Earnings Before Tax	2 137 000	1 853 000	4 125 000	2 458 000
Tax	359 000	131 000	−64 000	10 000
Net Income	1 779 000	1 722 000	4 189 000	2 448 000

Balance (USD)	2022	2021	2020	2019
Total Fixed Assets	11 299 000	11 829 000	12 331 000	13 138 000
Total Current Assets	18 072 000	17 332 000	14 998 000	12 183 000
Total Assets	29 371 000	29 161 000	27 329 000	25 321 000
Total Retained Equity	19 981 000	20 202 000	18 480 000	16 291 000
Total Equity	28 409 000	28 630 000	26 908 000	24 718 000
Total Long-Term Debt	171 000	171 000	171 000	171 000
Total Current Debt	791 000	360 000	251 000	432 000
Total Equity and Debt	29 371 000	29 161 000	27 329 000	25 321 000

Cash flow (USD)	2022	2021	2020	2019
Sales Income	6 647 000	6 385 000	6 366 000	6 878 000
Other Income	0	0	0	0
Revenue	6 647 000	6 385 000	6 366 000	6 878 000
Cost of Goods Sold	0	0	0	0
Salary Costs	1 851 000	1 769 000	1 777 000	1 774 000
Depreciation	630 000	665 000	669 000	726 000
Impairment	0	0	0	0
Expenditure	4 487 000	4 445 000	4 219 000	4 412 000
Operating Profit	2 159 000	1 941 000	2 147 000	2 466 000
Financial Income	0	1 000	2 002 000	9 000
Financial Costs	22 000	88 000	24 000	17 000
Financial Balance	−22 000	−87 000	1 978 000	−8 000
Dividends	2 000 000	0	0	0
Net Income	1 779 000	1 722 000	4 189 000	2 448 000

Balance details (USD)	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	0	0	0	0
Total Tangible Assets	3 006 000	3 536 000	4 039 000	4 687 000
Total Fiancial Fixed Assets	8 293 000	8 293 000	8 293 000	8 451 000
Total Fixed Assets	11 299 000	11 829 000	12 331 000	13 138 000
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	13 426 000	14 321 000	12 303 000	8 896 000
Total Current Assets	18 072 000	17 332 000	14 998 000	12 183 000
Total Assets	29 371 000	29 161 000	27 329 000	25 321 000
Total Equity	28 409 000	28 630 000	26 908 000	24 718 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	171 000	171 000	171 000	171 000
Creditors	249 000	217 000	70 000	160 000
Unpaid Taxes	0	0	0	0
Dividends	2 000 000	0	0	0
Other Current Debt	162 000	12 000	175 000	261 000
Total Current Debt	791 000	360 000	251 000	432 000
Total Equity and Debt	29 371 000	29 161 000	27 329 000	25 321 000

Financial indicators	2022	2021	2020	2019
Return on Equity	6,26 %	6,01 %	15,57 %	9,9 %
Debt-to-Equity Ratio	0,01	0,01	0,01	0,01
Operating Profit Margin	32,48 %	30,4 %	33,73 %	35,85 %
Current Ratio	22,85	48,14	59,75	28,2
Quick Ratio	22,85	48,14	59,75	28,2
Equity Ratio	0,97	0,98	0,98	0,98
Gross Profit Margin	100 %	100 %	100 %	100 %