PORSGRUNN SHIPPING AS

3920 PORSGRUNN

Finances

Share Ownership

Return on Equity

11,5 %

Current Ratio

5,64

Debt-to-Equity Ratio

Key figures (NOK)	2022	2021	2020	2019
Revenue	305 000	358 000	438 000	301 000
Net Income	62 000	106 000	−36 000	−117 000
Total Assets	643 000	526 000	448 000	553 000
Total Equity	539 000	477 000	371 000	406 000

Income (NOK)	2022	2021	2020	2019
Revenue	305 000	358 000	438 000	301 000
Expenditure	243 000	253 000	471 000	368 000
Operating Profit	62 000	106 000	−33 000	−68 000
Financial Income	0	0	0	0
Financial Costs	0	1 000	3 000	5 000
Financial Balance	0	−1 000	−3 000	−5 000
Earnings Before Tax	62 000	106 000	−36 000	−73 000
Tax	0	0	0	45 000
Net Income	62 000	106 000	−36 000	−117 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	51 000	65 000	0	50 000
Total Current Assets	592 000	460 000	448 000	503 000
Total Assets	643 000	526 000	448 000	553 000
Total Retained Equity	438 000	376 000	270 000	306 000
Total Equity	539 000	477 000	371 000	406 000
Total Long-Term Debt	0	0	33 000	76 000
Total Current Debt	105 000	49 000	44 000	70 000
Total Equity and Debt	643 000	526 000	448 000	553 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	239 000	243 000	391 000	248 000
Other Income	66 000	115 000	47 000	53 000
Revenue	305 000	358 000	438 000	301 000
Cost of Goods Sold	52 000	69 000	205 000	112 000
Salary Costs	34 000	31 000	36 000	38 000
Depreciation	14 000	7 000	50 000	74 000
Impairment	0	0	0	0
Expenditure	243 000	253 000	471 000	368 000
Operating Profit	62 000	106 000	−33 000	−68 000
Financial Income	0	0	0	0
Financial Costs	0	1 000	3 000	5 000
Financial Balance	0	−1 000	−3 000	−5 000
Dividends	0	0	0	0
Net Income	62 000	106 000	−36 000	−117 000

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	51 000	65 000	0	50 000
Total Tangible Assets	51 000	65 000	0	50 000
Total Fiancial Fixed Assets	0	0	0	0
Total Fixed Assets	51 000	65 000	0	50 000
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	566 000	401 000	347 000	426 000
Total Current Assets	592 000	460 000	448 000	503 000
Total Assets	643 000	526 000	448 000	553 000
Total Equity	539 000	477 000	371 000	406 000
Short-Term Group Debt	22 000	−3 000	0	0
Total Long-Term Debt	0	0	33 000	76 000
Creditors	4 000	11 000	5 000	41 000
Unpaid Taxes	8 000	16 000	12 000	5 000
Dividends	0	0	0	0
Other Current Debt	71 000	25 000	27 000	24 000
Total Current Debt	105 000	49 000	44 000	70 000
Total Equity and Debt	643 000	526 000	448 000	553 000

Financial indicators	2022	2021	2020	2019
Return on Equity	11,5 %	22,22 %	−9,7 %	−28,82 %
Debt-to-Equity Ratio	0	0	0,09	0,19
Operating Profit Margin	20,33 %	29,61 %	−7,53 %	−22,59 %
Current Ratio	5,64	9,39	10,18	7,19
Quick Ratio	5,64	9,39	10,18	7,19
Equity Ratio	0,84	0,91	0,83	0,73
Gross Profit Margin	82,95 %	80,73 %	53,2 %	62,79 %