GOLDEN OCEAN MANAGEMENT AS

0250 OSLO

Finances

Share Ownership

Return on Equity

27,83 %

Current Ratio

1,52

Debt-to-Equity Ratio

Key figures (NOK)	2022	2021	2020	2019
Revenue	98 026 000	83 852 000	59 981 000	61 561 000
Net Income	5 640 000	4 338 000	1 818 000	3 885 000
Total Assets	55 367 000	47 396 000	28 049 000	28 794 000
Total Equity	20 268 000	20 268 000	17 930 000	15 112 000

Income (NOK)	2022	2021	2020	2019
Revenue	98 026 000	83 852 000	59 981 000	61 561 000
Expenditure	91 628 000	78 351 000	55 851 000	57 669 000
Operating Profit	6 398 000	5 501 000	4 129 000	3 891 000
Financial Income	5 412 000	1 325 000	3 407 000	2 474 000
Financial Costs	4 531 000	1 256 000	5 198 000	1 267 000
Financial Balance	881 000	69 000	−1 791 000	1 207 000
Earnings Before Tax	7 279 000	5 570 000	2 339 000	5 099 000
Tax	1 639 000	1 231 000	521 000	1 214 000
Net Income	5 640 000	4 338 000	1 818 000	3 885 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	2 120 000	2 657 000	3 309 000	3 815 000
Total Current Assets	53 247 000	44 739 000	24 740 000	24 978 000
Total Assets	55 367 000	47 396 000	28 049 000	28 794 000
Total Retained Equity	19 768 000	19 768 000	17 430 000	14 612 000
Total Equity	20 268 000	20 268 000	17 930 000	15 112 000
Total Long-Term Debt	0	0	0	0
Total Current Debt	35 099 000	27 128 000	10 119 000	13 682 000
Total Equity and Debt	55 367 000	47 396 000	28 049 000	28 794 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	98 026 000	83 852 000	59 981 000	61 561 000
Other Income	0	0	0	0
Revenue	98 026 000	83 852 000	59 981 000	61 561 000
Cost of Goods Sold	0	0	0	0
Salary Costs	63 161 000	56 711 000	37 499 000	34 379 000
Depreciation	626 000	652 000	713 000	706 000
Impairment	0	0	0	0
Expenditure	91 628 000	78 351 000	55 851 000	57 669 000
Operating Profit	6 398 000	5 501 000	4 129 000	3 891 000
Financial Income	5 412 000	1 325 000	3 407 000	2 474 000
Financial Costs	4 531 000	1 256 000	5 198 000	1 267 000
Financial Balance	881 000	69 000	−1 791 000	1 207 000
Dividends	5 640 000	2 000 000	0	2 000 000
Net Income	5 640 000	4 338 000	1 818 000	3 885 000

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	2 120 000	2 657 000	3 309 000	3 815 000
Total Tangible Assets	2 120 000	2 657 000	3 309 000	3 815 000
Total Fiancial Fixed Assets	0	0	0	0
Total Fixed Assets	2 120 000	2 657 000	3 309 000	3 815 000
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	26 059 000	21 741 000	19 310 000	17 438 000
Total Current Assets	53 247 000	44 739 000	24 740 000	24 978 000
Total Assets	55 367 000	47 396 000	28 049 000	28 794 000
Total Equity	20 268 000	20 268 000	17 930 000	15 112 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	0	0	0	0
Creditors	682 000	740 000	189 000	589 000
Unpaid Taxes	3 060 000	2 881 000	2 966 000	3 205 000
Dividends	5 640 000	2 000 000	0	2 000 000
Other Current Debt	24 078 000	20 275 000	6 443 000	7 841 000
Total Current Debt	35 099 000	27 128 000	10 119 000	13 682 000
Total Equity and Debt	55 367 000	47 396 000	28 049 000	28 794 000

Financial indicators	2022	2021	2020	2019
Return on Equity	27,83 %	21,4 %	10,14 %	25,71 %
Debt-to-Equity Ratio	0	0	0	0
Operating Profit Margin	6,53 %	6,56 %	6,88 %	6,32 %
Current Ratio	1,52	1,65	2,44	1,83
Quick Ratio	1,52	1,65	2,44	1,83
Equity Ratio	0,37	0,43	0,64	0,52
Gross Profit Margin	100 %	100 %	100 %	100 %