NORSPAN LNG III AS

5529 HAUGESUND

Finances

Share Ownership

Return on Equity

10,65 %

Current Ratio

1,92

Debt-to-Equity Ratio

2,15

Key figures (USD)	2022	2021	2020	2019
Revenue	23 314 000	20 830 000	23 000 000	22 881 000
Net Income	4 538 000	3 076 000	4 840 000	3 690 000
Total Assets	139 015 000	145 248 000	145 000 000	148 246 000
Total Equity	42 615 000	38 077 000	35 000 000	30 160 000

Income (USD)	2022	2021	2020	2019
Revenue	23 314 000	20 830 000	23 000 000	22 881 000
Expenditure	12 244 000	11 683 000	10 643 000	11 114 000
Operating Profit	11 070 000	9 146 000	12 357 000	11 767 000
Financial Income	5 000	950 000	4 000	29 000
Financial Costs	6 545 000	7 023 000	7 516 000	8 092 000
Financial Balance	−6 540 000	−6 073 000	−7 512 000	−8 063 000
Earnings Before Tax	4 529 000	3 073 000	4 844 000	3 704 000
Tax	−9 000	−4 000	4 000	14 000
Net Income	4 538 000	3 076 000	4 840 000	3 690 000

Balance (USD)	2022	2021	2020	2019
Total Fixed Assets	130 104 000	136 777 000	133 646 000	139 598 000
Total Current Assets	8 910 000	8 471 000	11 354 000	8 648 000
Total Assets	139 015 000	145 248 000	145 000 000	148 246 000
Total Retained Equity	18 183 000	13 645 000	10 569 000	5 729 000
Total Equity	42 615 000	38 077 000	35 000 000	30 160 000
Total Long-Term Debt	91 758 000	101 656 000	105 372 000	113 341 000
Total Current Debt	4 642 000	5 516 000	4 628 000	4 745 000
Total Equity and Debt	139 015 000	145 248 000	145 000 000	148 246 000

Cash flow (USD)	2022	2021	2020	2019
Sales Income	23 551 000	21 041 000	23 232 000	23 112 000
Other Income	−237 000	−210 000	−232 000	−231 000
Revenue	23 314 000	20 830 000	23 000 000	22 881 000
Cost of Goods Sold	0	0	0	0
Salary Costs	2 480 000	2 578 000	1 991 000	2 250 000
Depreciation	7 200 000	6 166 000	6 120 000	6 108 000
Impairment	0	0	0	0
Expenditure	12 244 000	11 683 000	10 643 000	11 114 000
Operating Profit	11 070 000	9 146 000	12 357 000	11 767 000
Financial Income	5 000	950 000	4 000	29 000
Financial Costs	6 545 000	7 023 000	7 516 000	8 092 000
Financial Balance	−6 540 000	−6 073 000	−7 512 000	−8 063 000
Dividends	0	0	0	0
Net Income	4 538 000	3 076 000	4 840 000	3 690 000

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	130 104 000	136 777 000	133 646 000	139 598 000
Total Fiancial Fixed Assets	0	0	0	0
Total Fixed Assets	130 104 000	136 777 000	133 646 000	139 598 000
Stock	147 000	156 000	158 000	162 000
Total Investments	0	0	0	0
Cash, Bank	8 243 000	7 652 000	10 779 000	8 235 000
Total Current Assets	8 910 000	8 471 000	11 354 000	8 648 000
Total Assets	139 015 000	145 248 000	145 000 000	148 246 000
Total Equity	42 615 000	38 077 000	35 000 000	30 160 000
Short-Term Group Debt	321 000	0	0	0
Total Long-Term Debt	91 758 000	101 656 000	105 372 000	113 341 000
Creditors	466 000	682 000	260 000	280 000
Unpaid Taxes	0	0	0	0
Dividends	0	0	0	0
Other Current Debt	3 841 000	4 814 000	4 341 000	4 434 000
Total Current Debt	4 642 000	5 516 000	4 628 000	4 745 000
Total Equity and Debt	139 015 000	145 248 000	145 000 000	148 246 000

Financial indicators	2022	2021	2020	2019
Return on Equity	10,65 %	8,08 %	13,83 %	12,23 %
Debt-to-Equity Ratio	2,15	2,67	3,01	3,76
Operating Profit Margin	47,48 %	43,91 %	53,73 %	51,43 %
Current Ratio	1,92	1,54	2,45	1,82
Quick Ratio	1,98	1,58	2,54	1,89
Equity Ratio	0,31	0,26	0,24	0,2
Gross Profit Margin	100 %	100 %	100 %	100 %