VAAGE SHIP MANAGEMENT AS

5068 BERGEN

Finances

Share Ownership

Return on Equity

35,81 %

Current Ratio

0,85

Debt-to-Equity Ratio

Key figures (NOK)	2022	2021	2020	2019
Revenue	9 041 000	9 562 000	11 793 000	18 502 000
Net Income	998 000	−1 714 000	441 000	−1 695 000
Total Assets	5 212 000	5 979 000	9 515 000	11 960 000
Total Equity	2 787 000	1 789 000	3 466 000	2 576 000

Income (NOK)	2022	2021	2020	2019
Revenue	9 041 000	9 562 000	11 793 000	18 502 000
Expenditure	8 052 000	9 895 000	10 973 000	20 839 000
Operating Profit	989 000	−333 000	819 000	−2 337 000
Financial Income	435 000	813 000	669 000	399 000
Financial Costs	139 000	2 408 000	795 000	193 000
Financial Balance	296 000	−1 595 000	−126 000	206 000
Earnings Before Tax	1 285 000	−1 929 000	694 000	−2 131 000
Tax	287 000	−215 000	253 000	−436 000
Net Income	998 000	−1 714 000	441 000	−1 695 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	3 144 000	3 432 000	3 213 000	1 202 000
Total Current Assets	2 068 000	2 548 000	6 301 000	10 758 000
Total Assets	5 212 000	5 979 000	9 515 000	11 960 000
Total Retained Equity	1 443 000	445 000	2 121 000	1 231 000
Total Equity	2 787 000	1 789 000	3 466 000	2 576 000
Total Long-Term Debt	0	0	0	0
Total Current Debt	2 425 000	4 190 000	6 049 000	9 384 000
Total Equity and Debt	5 212 000	5 979 000	9 515 000	11 960 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	9 041 000	9 083 000	11 793 000	18 502 000
Other Income	0	479 000	0	0
Revenue	9 041 000	9 562 000	11 793 000	18 502 000
Cost of Goods Sold	0	0	0	0
Salary Costs	2 814 000	2 632 000	3 323 000	5 811 000
Depreciation	0	7 000	36 000	55 000
Impairment	0	0	0	0
Expenditure	8 052 000	9 895 000	10 973 000	20 839 000
Operating Profit	989 000	−333 000	819 000	−2 337 000
Financial Income	435 000	813 000	669 000	399 000
Financial Costs	139 000	2 408 000	795 000	193 000
Financial Balance	296 000	−1 595 000	−126 000	206 000
Dividends	0	0	0	0
Net Income	998 000	−1 714 000	441 000	−1 695 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	834 000	1 122 000	907 000	1 160 000
Real Eastate	0	0	0	0
Machinery and Plant Facilities	0	0	0	0
Fixtures	0	0	7 000	42 000
Total Tangible Assets	0	0	7 000	42 000
Total Fiancial Fixed Assets	2 310 000	2 310 000	2 300 000	0
Total Fixed Assets	3 144 000	3 432 000	3 213 000	1 202 000
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	387 000	167 000	279 000	233 000
Total Current Assets	2 068 000	2 548 000	6 301 000	10 758 000
Total Assets	5 212 000	5 979 000	9 515 000	11 960 000
Total Equity	2 787 000	1 789 000	3 466 000	2 576 000
Short-Term Group Debt	56 000	2 299 000	0	0
Total Long-Term Debt	0	0	0	0
Creditors	827 000	1 542 000	2 738 000	5 673 000
Unpaid Taxes	444 000	111 000	528 000	442 000
Dividends	0	0	0	0
Other Current Debt	1 099 000	238 000	287 000	1 284 000
Total Current Debt	2 425 000	4 190 000	6 049 000	9 384 000
Total Equity and Debt	5 212 000	5 979 000	9 515 000	11 960 000

Financial indicators	2022	2021	2020	2019
Return on Equity	35,81 %	−95,81 %	12,72 %	−65,8 %
Debt-to-Equity Ratio	0	0	0	0
Operating Profit Margin	10,94 %	−3,48 %	6,94 %	−12,63 %
Current Ratio	0,85	0,61	1,04	1,15
Quick Ratio	0,85	0,61	1,04	1,15
Equity Ratio	0,53	0,3	0,36	0,22
Gross Profit Margin	100 %	100 %	100 %	100 %