FIRST OLSEN SHIPPING INVEST AS

0152 OSLO

Finances

Share Ownership

Return on Equity

6,99 %

Current Ratio

1,19

Debt-to-Equity Ratio

0,04

Key figures (NOK)	2022	2021	2020	2019
Revenue	0	792 000	0	686 000
Net Income	11 993 000	−38 000	14 877 000	4 634 000
Total Assets	189 121 000	186 245 000	201 569 000	167 785 000
Total Equity	171 691 000	168 285 000	177 898 000	145 670 000

Income (NOK)	2022	2021	2020	2019
Revenue	0	792 000	0	686 000
Expenditure	34 000	40 000	257 000	152 000
Operating Profit	−34 000	751 000	−257 000	534 000
Financial Income	20 617 000	11 250 000	19 360 000	8 864 000
Financial Costs	5 207 000	11 547 000	30 000	3 457 000
Financial Balance	15 410 000	−297 000	19 330 000	5 407 000
Earnings Before Tax	15 376 000	455 000	19 073 000	5 941 000
Tax	3 383 000	492 000	4 196 000	1 307 000
Net Income	11 993 000	−38 000	14 877 000	4 634 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	175 998 000	169 573 000	192 399 000	160 707 000
Total Current Assets	13 124 000	16 673 000	9 170 000	7 078 000
Total Assets	189 121 000	186 245 000	201 569 000	167 785 000
Total Retained Equity	0	0	0	0
Total Equity	171 691 000	168 285 000	177 898 000	145 670 000
Total Long-Term Debt	6 420 000	5 460 000	7 668 000	6 769 000
Total Current Debt	11 011 000	12 500 000	16 004 000	15 346 000
Total Equity and Debt	189 121 000	186 245 000	201 569 000	167 785 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	0	0	0	0
Other Income	0	792 000	0	686 000
Revenue	0	792 000	0	686 000
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	34 000	40 000	257 000	152 000
Operating Profit	−34 000	751 000	−257 000	534 000
Financial Income	20 617 000	11 250 000	19 360 000	8 864 000
Financial Costs	5 207 000	11 547 000	30 000	3 457 000
Financial Balance	15 410 000	−297 000	19 330 000	5 407 000
Dividends	0	0	0	0
Net Income	11 993 000	−38 000	14 877 000	4 634 000

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	0	0	0	0
Total Tangible Assets	0	0	0	0
Total Fiancial Fixed Assets	175 998 000	169 573 000	192 399 000	160 707 000
Total Fixed Assets	175 998 000	169 573 000	192 399 000	160 707 000
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	4 009 000	1 877 000	545 000	710 000
Total Current Assets	13 124 000	16 673 000	9 170 000	7 078 000
Total Assets	189 121 000	186 245 000	201 569 000	167 785 000
Total Equity	171 691 000	168 285 000	177 898 000	145 670 000
Short-Term Group Debt	0	0	0	14 554 000
Total Long-Term Debt	6 420 000	5 460 000	7 668 000	6 769 000
Creditors	0	225 000	0	0
Unpaid Taxes	0	0	0	0
Dividends	0	0	0	0
Other Current Debt	11 011 000	12 275 000	16 004 000	792 000
Total Current Debt	11 011 000	12 500 000	16 004 000	15 346 000
Total Equity and Debt	189 121 000	186 245 000	201 569 000	167 785 000

Financial indicators	2022	2021	2020	2019
Return on Equity	6,99 %	−0,02 %	8,36 %	3,18 %
Debt-to-Equity Ratio	0,04	0,03	0,04	0,05
Operating Profit Margin	-	94,82 %	-	77,84 %
Current Ratio	1,19	1,33	0,57	0,46
Quick Ratio	1,19	1,33	0,57	0,46
Equity Ratio	0,91	0,9	0,88	0,87
Gross Profit Margin	-	100 %	-	100 %