FRONTIER SHIPBROKING AS

4608 KRISTIANSAND S

Finances

Return on Equity

10,32 %

Current Ratio

11,26

Debt-to-Equity Ratio

0,43

Key figures (NOK)	2022	2021	2020	2019
Revenue	0	0	0	2 040 000
Net Income	1 426 000	358 000	489 000	2 146 000
Total Assets	19 954 000	19 413 000	19 035 000	17 464 000
Total Equity	13 815 000	12 389 000	12 031 000	11 542 000

Income (NOK)	2022	2021	2020	2019
Revenue	0	0	0	2 040 000
Expenditure	−39 000	167 000	110 000	147 000
Operating Profit	39 000	−167 000	−110 000	1 892 000
Financial Income	1 598 000	1 089 000	726 000	617 000
Financial Costs	130 000	564 000	127 000	362 000
Financial Balance	1 468 000	525 000	599 000	255 000
Earnings Before Tax	1 507 000	358 000	489 000	2 146 000
Tax	81 000	0	0	0
Net Income	1 426 000	358 000	489 000	2 146 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	17 533 000	16 667 000	16 667 000	16 667 000
Total Current Assets	2 421 000	2 746 000	2 369 000	798 000
Total Assets	19 954 000	19 413 000	19 035 000	17 464 000
Total Retained Equity	13 715 000	12 289 000	11 931 000	11 442 000
Total Equity	13 815 000	12 389 000	12 031 000	11 542 000
Total Long-Term Debt	5 925 000	5 925 000	5 925 000	5 925 000
Total Current Debt	215 000	1 099 000	1 079 000	−2 000
Total Equity and Debt	19 954 000	19 413 000	19 035 000	17 464 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	0	0	0	2 040 000
Other Income	0	0	0	0
Revenue	0	0	0	2 040 000
Cost of Goods Sold	0	0	0	0
Salary Costs	−84 000	0	12 000	11 000
Depreciation	0	0	0	0
Impairment	0	0	0	0
Expenditure	−39 000	167 000	110 000	147 000
Operating Profit	39 000	−167 000	−110 000	1 892 000
Financial Income	1 598 000	1 089 000	726 000	617 000
Financial Costs	130 000	564 000	127 000	362 000
Financial Balance	1 468 000	525 000	599 000	255 000
Dividends	0	0	0	0
Net Income	1 426 000	358 000	489 000	2 146 000

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	0	0	0	0
Total Tangible Assets	0	0	0	0
Total Fiancial Fixed Assets	17 533 000	16 667 000	16 667 000	16 667 000
Total Fixed Assets	17 533 000	16 667 000	16 667 000	16 667 000
Stock	0	0	0	0
Total Investments	2 385 000	1 587 000	469 000	307 000
Cash, Bank	3 000	1 130 000	1 742 000	332 000
Total Current Assets	2 421 000	2 746 000	2 369 000	798 000
Total Assets	19 954 000	19 413 000	19 035 000	17 464 000
Total Equity	13 815 000	12 389 000	12 031 000	11 542 000
Short-Term Group Debt	0	1 000 000	1 000 000	0
Total Long-Term Debt	5 925 000	5 925 000	5 925 000	5 925 000
Creditors	1 000	86 000	76 000	10 000
Unpaid Taxes	0	−3 000	−12 000	−27 000
Dividends	0	0	0	0
Other Current Debt	0	16 000	16 000	15 000
Total Current Debt	215 000	1 099 000	1 079 000	−2 000
Total Equity and Debt	19 954 000	19 413 000	19 035 000	17 464 000

Financial indicators	2022	2021	2020	2019
Return on Equity	10,32 %	2,89 %	4,06 %	18,59 %
Debt-to-Equity Ratio	0,43	0,48	0,49	0,51
Operating Profit Margin	-	-	-	92,75 %
Current Ratio	11,26	2,5	2,2	−399
Quick Ratio	11,26	2,5	2,2	−399
Equity Ratio	0,69	0,64	0,63	0,66
Gross Profit Margin	-	-	-	100 %