SCANDIC AMERICAN SHIPPING LTD (EUROPEAN BRANCH)

3208 SANDEFJORD

Finances

Share Ownership

Return on Equity

6,15 %

Current Ratio

3,48

Debt-to-Equity Ratio

Key figures (NOK)	2022	2021	2020	2019
Revenue	2 052 000	1 776 000	1 927 000	2 657 000
Net Income	1 319 000	1 011 000	1 099 000	1 553 000
Total Assets	29 368 000	31 679 000	41 990 000	38 947 000
Total Equity	21 446 000	21 055 000	19 963 000	18 466 000

Income (NOK)	2022	2021	2020	2019
Revenue	2 052 000	1 776 000	1 927 000	2 657 000
Expenditure	2 872 000	660 000	2 986 000	154 000
Operating Profit	−820 000	1 116 000	−1 059 000	2 502 000
Financial Income	51 000	0	58 000	121 000
Financial Costs	−2 239 000	−188 000	−2 431 000	576 000
Financial Balance	2 290 000	188 000	2 489 000	−455 000
Earnings Before Tax	1 470 000	1 304 000	1 430 000	2 048 000
Tax	151 000	292 000	332 000	494 000
Net Income	1 319 000	1 011 000	1 099 000	1 553 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	1 779 000	5 939 000	7 911 000	637 000
Total Current Assets	27 590 000	25 740 000	34 078 000	38 309 000
Total Assets	29 368 000	31 679 000	41 990 000	38 947 000
Total Retained Equity	21 446 000	21 055 000	19 963 000	18 466 000
Total Equity	21 446 000	21 055 000	19 963 000	18 466 000
Total Long-Term Debt	0	10 000	0	323 000
Total Current Debt	7 922 000	10 614 000	22 027 000	20 157 000
Total Equity and Debt	29 368 000	31 679 000	41 990 000	38 947 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	97 000	97 000	97 000	97 000
Other Income	1 955 000	1 679 000	1 830 000	2 560 000
Revenue	2 052 000	1 776 000	1 927 000	2 657 000
Cost of Goods Sold	0	0	0	0
Salary Costs	14 385 000	13 028 000	17 080 000	13 174 000
Depreciation	601 000	547 000	434 000	468 000
Impairment	0	0	0	0
Expenditure	2 872 000	660 000	2 986 000	154 000
Operating Profit	−820 000	1 116 000	−1 059 000	2 502 000
Financial Income	51 000	0	58 000	121 000
Financial Costs	−2 239 000	−188 000	−2 431 000	576 000
Financial Balance	2 290 000	188 000	2 489 000	−455 000
Dividends	0	0	0	0
Net Income	1 319 000	1 011 000	1 099 000	1 553 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	90 000	0	84 000	248 000
Real Eastate	0	0	0	0
Machinery and Plant Facilities	0	0	0	0
Fixtures	1 687 000	1 778 000	1 837 000	389 000
Total Tangible Assets	1 687 000	1 778 000	1 837 000	389 000
Total Fiancial Fixed Assets	1 000	4 161 000	5 990 000	0
Total Fixed Assets	1 779 000	5 939 000	7 911 000	637 000
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	8 911 000	4 377 000	16 832 000	11 546 000
Total Current Assets	27 590 000	25 740 000	34 078 000	38 309 000
Total Assets	29 368 000	31 679 000	41 990 000	38 947 000
Total Equity	21 446 000	21 055 000	19 963 000	18 466 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	0	10 000	0	323 000
Creditors	275 000	381 000	302 000	609 000
Unpaid Taxes	3 480 000	3 074 000	1 777 000	15 951 000
Dividends	0	0	0	0
Other Current Debt	3 916 000	6 961 000	19 780 000	2 928 000
Total Current Debt	7 922 000	10 614 000	22 027 000	20 157 000
Total Equity and Debt	29 368 000	31 679 000	41 990 000	38 947 000

Financial indicators	2022	2021	2020	2019
Return on Equity	6,15 %	4,8 %	5,51 %	8,41 %
Debt-to-Equity Ratio	0	0	0	0,02
Operating Profit Margin	−39,96 %	62,84 %	−54,96 %	94,17 %
Current Ratio	3,48	2,43	1,55	1,9
Quick Ratio	3,48	2,43	1,55	1,9
Equity Ratio	0,73	0,66	0,48	0,47
Gross Profit Margin	100 %	100 %	100 %	100 %