VOLSTAD MARITIME CREWING AS

6003 ÅLESUND

Finances

Share Ownership

Return on Equity

9,76 %

Current Ratio

2,64

Debt-to-Equity Ratio

Key figures (NOK)	2022	2021	2020	2019
Revenue	1 728 000	1 692 000	1 780 000	1 746 000
Net Income	378 000	571 000	328 000	411 000
Total Assets	6 235 000	6 497 000	3 440 000	3 075 000
Total Equity	3 871 000	3 493 000	2 922 000	2 594 000

Income (NOK)	2022	2021	2020	2019
Revenue	1 728 000	1 692 000	1 780 000	1 746 000
Expenditure	1 553 000	1 102 000	1 103 000	1 183 000
Operating Profit	175 000	589 000	677 000	563 000
Financial Income	312 000	151 000	0	1 000
Financial Costs	3 000	8 000	257 000	37 000
Financial Balance	309 000	143 000	−257 000	−36 000
Earnings Before Tax	484 000	732 000	421 000	527 000
Tax	107 000	161 000	93 000	116 000
Net Income	378 000	571 000	328 000	411 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	0	0	0	0
Total Current Assets	6 235 000	6 497 000	3 440 000	3 075 000
Total Assets	6 235 000	6 497 000	3 440 000	3 075 000
Total Retained Equity	2 200 000	1 823 000	1 252 000	924 000
Total Equity	3 871 000	3 493 000	2 922 000	2 594 000
Total Long-Term Debt	0	0	0	0
Total Current Debt	2 364 000	3 004 000	518 000	481 000
Total Equity and Debt	6 235 000	6 497 000	3 440 000	3 075 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	0	0	0	0
Other Income	1 728 000	1 692 000	1 780 000	1 746 000
Revenue	1 728 000	1 692 000	1 780 000	1 746 000
Cost of Goods Sold	0	0	0	0
Salary Costs	−124 000	−34 000	0	0
Depreciation	0	0	0	0
Impairment	0	0	0	0
Expenditure	1 553 000	1 102 000	1 103 000	1 183 000
Operating Profit	175 000	589 000	677 000	563 000
Financial Income	312 000	151 000	0	1 000
Financial Costs	3 000	8 000	257 000	37 000
Financial Balance	309 000	143 000	−257 000	−36 000
Dividends	0	0	0	0
Net Income	378 000	571 000	328 000	411 000

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	0	0	0	0
Total Fixed Assets	0	0	0	0
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	2 560 000	2 035 000	2 386 000	3 030 000
Total Current Assets	6 235 000	6 497 000	3 440 000	3 075 000
Total Assets	6 235 000	6 497 000	3 440 000	3 075 000
Total Equity	3 871 000	3 493 000	2 922 000	2 594 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	0	0	0	0
Creditors	282 000	309 000	45 000	20 000
Unpaid Taxes	1 763 000	2 018 000	381 000	295 000
Dividends	0	0	0	0
Other Current Debt	319 000	677 000	93 000	167 000
Total Current Debt	2 364 000	3 004 000	518 000	481 000
Total Equity and Debt	6 235 000	6 497 000	3 440 000	3 075 000

Financial indicators	2022	2021	2020	2019
Return on Equity	9,76 %	16,35 %	11,23 %	15,84 %
Debt-to-Equity Ratio	0	0	0	0
Operating Profit Margin	10,13 %	34,81 %	38,03 %	32,25 %
Current Ratio	2,64	2,16	6,64	6,39
Quick Ratio	2,64	2,16	6,64	6,39
Equity Ratio	0,62	0,54	0,85	0,84
Gross Profit Margin	100 %	100 %	100 %	100 %