NORTH SEA COMMANDER SHIPPING AS

5385 BAKKASUND

Finances

Share Ownership

Return on Equity

14,2 %

Current Ratio

7,88

Debt-to-Equity Ratio

Key figures (NOK)	2022	2021	2020	2019
Revenue	64 187 000	68 584 000	64 407 000	121 413 000
Net Income	11 986 000	4 566 000	−31 451 000	29 560 000
Total Assets	88 012 000	95 388 000	89 618 000	177 051 000
Total Equity	84 380 000	91 394 000	86 828 000	153 279 000

Income (NOK)	2022	2021	2020	2019
Revenue	64 187 000	68 584 000	64 407 000	121 413 000
Expenditure	52 760 000	63 968 000	95 267 000	91 138 000
Operating Profit	11 427 000	4 616 000	−30 860 000	30 274 000
Financial Income	1 596 000	797 000	1 175 000	1 654 000
Financial Costs	1 030 000	839 000	1 762 000	2 358 000
Financial Balance	566 000	−42 000	−587 000	−704 000
Earnings Before Tax	11 993 000	4 574 000	−31 448 000	29 570 000
Tax	7 000	8 000	3 000	10 000
Net Income	11 986 000	4 566 000	−31 451 000	29 560 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	59 870 000	73 835 000	76 682 000	134 970 000
Total Current Assets	28 142 000	21 553 000	12 936 000	42 081 000
Total Assets	88 012 000	95 388 000	89 618 000	177 051 000
Total Retained Equity	81 690 000	88 704 000	84 138 000	150 589 000
Total Equity	84 380 000	91 394 000	86 828 000	153 279 000
Total Long-Term Debt	59 000	73 000	92 000	115 000
Total Current Debt	3 573 000	3 921 000	2 698 000	23 657 000
Total Equity and Debt	88 012 000	95 388 000	89 618 000	177 051 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	64 187 000	68 584 000	64 407 000	121 413 000
Other Income	0	0	0	0
Revenue	64 187 000	68 584 000	64 407 000	121 413 000
Cost of Goods Sold	35 682 000	35 798 000	24 377 000	48 196 000
Salary Costs	0	0	0	0
Depreciation	13 965 000	13 638 000	12 000 000	355 000
Impairment	0	0	46 288 000	0
Expenditure	52 760 000	63 968 000	95 267 000	91 138 000
Operating Profit	11 427 000	4 616 000	−30 860 000	30 274 000
Financial Income	1 596 000	797 000	1 175 000	1 654 000
Financial Costs	1 030 000	839 000	1 762 000	2 358 000
Financial Balance	566 000	−42 000	−587 000	−704 000
Dividends	0	0	0	0
Net Income	11 986 000	4 566 000	−31 451 000	29 560 000

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	59 870 000	73 835 000	76 682 000	134 970 000
Total Fiancial Fixed Assets	0	0	0	0
Total Fixed Assets	59 870 000	73 835 000	76 682 000	134 970 000
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	2 674 000	1 264 000	3 258 000	1 116 000
Total Current Assets	28 142 000	21 553 000	12 936 000	42 081 000
Total Assets	88 012 000	95 388 000	89 618 000	177 051 000
Total Equity	84 380 000	91 394 000	86 828 000	153 279 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	59 000	73 000	92 000	115 000
Creditors	1 402 000	825 000	1 294 000	19 356 000
Unpaid Taxes	0	0	0	0
Dividends	0	0	0	0
Other Current Debt	2 150 000	3 069 000	1 378 000	4 263 000
Total Current Debt	3 573 000	3 921 000	2 698 000	23 657 000
Total Equity and Debt	88 012 000	95 388 000	89 618 000	177 051 000

Financial indicators	2022	2021	2020	2019
Return on Equity	14,2 %	5 %	−36,22 %	19,29 %
Debt-to-Equity Ratio	0	0	0	0
Operating Profit Margin	17,8 %	6,73 %	−47,91 %	24,93 %
Current Ratio	7,88	5,5	4,79	1,78
Quick Ratio	7,88	5,5	4,79	1,78
Equity Ratio	0,96	0,96	0,97	0,87
Gross Profit Margin	44,41 %	47,8 %	62,15 %	60,3 %