NORDIC SEACO HOLDING AS

6009 ÅLESUND

Finances

Return on Equity

9 %

Current Ratio

3,18

Debt-to-Equity Ratio

Key figures (NOK)	2022	2021	2020	2019
Revenue	165 062 000	135 895 000	141 910 000	126 315 000
Net Income	4 065 000	7 339 000	6 096 000	3 829 000
Total Assets	66 014 000	58 491 000	51 899 000	42 170 000
Total Equity	45 176 000	41 111 000	36 271 000	31 675 000

Income (NOK)	2022	2021	2020	2019
Revenue	165 062 000	135 895 000	141 910 000	126 315 000
Expenditure	158 585 000	131 286 000	137 035 000	122 167 000
Operating Profit	6 477 000	4 609 000	4 873 000	4 148 000
Financial Income	−602 000	5 124 000	2 733 000	2 955 000
Financial Costs	207 000	1 343 000	234 000	2 265 000
Financial Balance	−809 000	3 781 000	2 499 000	690 000
Earnings Before Tax	5 667 000	8 390 000	7 372 000	4 837 000
Tax	1 602 000	1 051 000	1 275 000	1 007 000
Net Income	4 065 000	7 339 000	6 096 000	3 829 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	0	2 488 000	2 704 000	2 863 000
Total Current Assets	66 014 000	56 004 000	49 195 000	39 307 000
Total Assets	66 014 000	58 491 000	51 899 000	42 170 000
Total Retained Equity	43 071 000	39 006 000	34 167 000	29 570 000
Total Equity	45 176 000	41 111 000	36 271 000	31 675 000
Total Long-Term Debt	62 000	0	0	0
Total Current Debt	20 776 000	17 380 000	15 627 000	10 494 000
Total Equity and Debt	66 014 000	58 491 000	51 899 000	42 170 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	164 135 000	135 895 000	141 791 000	126 157 000
Other Income	927 000	0	118 000	157 000
Revenue	165 062 000	135 895 000	141 910 000	126 315 000
Cost of Goods Sold	150 972 000	124 224 000	130 538 000	117 064 000
Salary Costs	5 300 000	5 209 000	4 676 000	3 460 000
Depreciation	21 000	32 000	263 000	311 000
Impairment	0	0	0	0
Expenditure	158 585 000	131 286 000	137 035 000	122 167 000
Operating Profit	6 477 000	4 609 000	4 873 000	4 148 000
Financial Income	−602 000	5 124 000	2 733 000	2 955 000
Financial Costs	207 000	1 343 000	234 000	2 265 000
Financial Balance	−809 000	3 781 000	2 499 000	690 000
Dividends	0	0	0	0
Net Income	4 065 000	7 339 000	6 096 000	3 829 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	0	35 000	220 000	115 000
Real Eastate	0	2 421 000	2 421 000	2 421 000
Machinery and Plant Facilities	0	0	0	0
Fixtures	0	32 000	63 000	327 000
Total Tangible Assets	0	2 452 000	2 484 000	2 748 000
Total Fiancial Fixed Assets	0	0	0	0
Total Fixed Assets	0	2 488 000	2 704 000	2 863 000
Stock	3 421 000	3 494 000	5 646 000	1 599 000
Total Investments	28 533 000	27 590 000	21 558 000	19 600 000
Cash, Bank	14 704 000	12 423 000	14 701 000	10 667 000
Total Current Assets	66 014 000	56 004 000	49 195 000	39 307 000
Total Assets	66 014 000	58 491 000	51 899 000	42 170 000
Total Equity	45 176 000	41 111 000	36 271 000	31 675 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	62 000	0	0	0
Creditors	17 384 000	13 956 000	10 205 000	7 208 000
Unpaid Taxes	896 000	638 000	789 000	268 000
Dividends	0	0	0	0
Other Current Debt	992 000	1 920 000	3 254 000	1 946 000
Total Current Debt	20 776 000	17 380 000	15 627 000	10 494 000
Total Equity and Debt	66 014 000	58 491 000	51 899 000	42 170 000

Financial indicators	2022	2021	2020	2019
Return on Equity	9 %	17,85 %	16,81 %	12,09 %
Debt-to-Equity Ratio	0	0	0	0
Operating Profit Margin	3,92 %	3,39 %	3,43 %	3,28 %
Current Ratio	3,18	3,22	3,15	3,75
Quick Ratio	3,8	4,03	4,93	4,42
Equity Ratio	0,68	0,7	0,7	0,75
Gross Profit Margin	8,54 %	8,59 %	8,01 %	7,32 %