BALTIC TRADING AS

1954 SETSKOG

Finances

Share Ownership

Return on Equity

21,96 %

Current Ratio

0,62

Debt-to-Equity Ratio

Key figures (NOK)	2022	2021	2020	2019
Revenue	67 343 000	61 853 000	67 500 000	79 508 000
Net Income	440 000	648 000	−114 000	1 001 000
Total Assets	9 937 000	18 423 000	18 354 000	17 834 000
Total Equity	2 004 000	2 032 000	2 087 000	2 200 000

Income (NOK)	2022	2021	2020	2019
Revenue	67 343 000	61 853 000	67 500 000	79 508 000
Expenditure	65 757 000	60 471 000	66 032 000	77 783 000
Operating Profit	1 585 000	1 381 000	1 469 000	1 725 000
Financial Income	1 000	18 000	2 000	618 000
Financial Costs	998 000	548 000	1 596 000	1 031 000
Financial Balance	−997 000	−530 000	−1 594 000	−413 000
Earnings Before Tax	588 000	851 000	−126 000	1 313 000
Tax	148 000	203 000	−12 000	313 000
Net Income	440 000	648 000	−114 000	1 001 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	5 050 000	16 797 000	17 824 000	15 160 000
Total Current Assets	4 887 000	1 626 000	530 000	2 674 000
Total Assets	9 937 000	18 423 000	18 354 000	17 834 000
Total Retained Equity	204 000	232 000	287 000	400 000
Total Equity	2 004 000	2 032 000	2 087 000	2 200 000
Total Long-Term Debt	0	10 154 000	814 000	905 000
Total Current Debt	7 933 000	6 237 000	15 453 000	14 728 000
Total Equity and Debt	9 937 000	18 423 000	18 354 000	17 834 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	67 343 000	61 853 000	67 500 000	79 564 000
Other Income	0	0	0	−56 000
Revenue	67 343 000	61 853 000	67 500 000	79 508 000
Cost of Goods Sold	60 846 000	55 884 000	62 467 000	73 623 000
Salary Costs	3 732 000	3 622 000	2 578 000	3 005 000
Depreciation	12 000	0	0	7 000
Impairment	0	0	0	0
Expenditure	65 757 000	60 471 000	66 032 000	77 783 000
Operating Profit	1 585 000	1 381 000	1 469 000	1 725 000
Financial Income	1 000	18 000	2 000	618 000
Financial Costs	998 000	548 000	1 596 000	1 031 000
Financial Balance	−997 000	−530 000	−1 594 000	−413 000
Dividends	0	0	0	0
Net Income	440 000	648 000	−114 000	1 001 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	0	0	5 000	0
Real Eastate	5 000 000	0	0	0
Machinery and Plant Facilities	0	0	0	0
Fixtures	50 000	62 000	62 000	0
Total Tangible Assets	5 050 000	62 000	62 000	0
Total Fiancial Fixed Assets	0	16 735 000	17 757 000	15 160 000
Total Fixed Assets	5 050 000	16 797 000	17 824 000	15 160 000
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	629 000	109 000	47 000	219 000
Total Current Assets	4 887 000	1 626 000	530 000	2 674 000
Total Assets	9 937 000	18 423 000	18 354 000	17 834 000
Total Equity	2 004 000	2 032 000	2 087 000	2 200 000
Short-Term Group Debt	1 053 000	0	0	0
Total Long-Term Debt	0	10 154 000	814 000	905 000
Creditors	5 357 000	1 451 000	539 000	6 128 000
Unpaid Taxes	313 000	230 000	120 000	143 000
Dividends	0	0	0	0
Other Current Debt	317 000	319 000	319 000	338 000
Total Current Debt	7 933 000	6 237 000	15 453 000	14 728 000
Total Equity and Debt	9 937 000	18 423 000	18 354 000	17 834 000

Financial indicators	2022	2021	2020	2019
Return on Equity	21,96 %	31,89 %	−5,46 %	45,5 %
Debt-to-Equity Ratio	0	5	0,39	0,41
Operating Profit Margin	2,35 %	2,23 %	2,18 %	2,17 %
Current Ratio	0,62	0,26	0,03	0,18
Quick Ratio	0,62	0,26	0,03	0,18
Equity Ratio	0,2	0,11	0,11	0,12
Gross Profit Margin	9,65 %	9,65 %	7,46 %	7,4 %