NORDIC SHIPPING AS

0160 OSLO

Finances

Share Ownership

Return on Equity

111,34 %

Current Ratio

Debt-to-Equity Ratio

0,04

Key figures (NOK)	2022	2021	2020	2019
Revenue	18 130 000	14 506 000	5 865 000	13 219 000
Net Income	7 717 000	6 207 000	928 000	2 257 000
Total Assets	13 807 000	15 764 000	13 660 000	18 275 000
Total Equity	6 931 000	2 213 000	6 007 000	9 079 000

Income (NOK)	2022	2021	2020	2019
Revenue	18 130 000	14 506 000	5 865 000	13 219 000
Expenditure	7 367 000	7 107 000	6 362 000	9 273 000
Operating Profit	10 762 000	7 399 000	−497 000	3 947 000
Financial Income	651 000	1 083 000	1 778 000	161 000
Financial Costs	1 440 000	468 000	74 000	1 150 000
Financial Balance	−789 000	615 000	1 704 000	−989 000
Earnings Before Tax	9 973 000	8 014 000	1 207 000	2 958 000
Tax	2 255 000	1 807 000	279 000	701 000
Net Income	7 717 000	6 207 000	928 000	2 257 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	635 000	683 000	731 000	709 000
Total Current Assets	13 172 000	15 081 000	12 928 000	17 566 000
Total Assets	13 807 000	15 764 000	13 660 000	18 275 000
Total Retained Equity	6 799 000	2 081 000	5 875 000	8 947 000
Total Equity	6 931 000	2 213 000	6 007 000	9 079 000
Total Long-Term Debt	278 000	386 000	487 000	610 000
Total Current Debt	6 598 000	13 165 000	7 166 000	8 587 000
Total Equity and Debt	13 807 000	15 764 000	13 660 000	18 275 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	17 463 000	13 913 000	5 504 000	13 021 000
Other Income	667 000	593 000	361 000	198 000
Revenue	18 130 000	14 506 000	5 865 000	13 219 000
Cost of Goods Sold	0	0	0	0
Salary Costs	4 679 000	4 760 000	4 532 000	6 819 000
Depreciation	48 000	48 000	48 000	64 000
Impairment	0	0	0	0
Expenditure	7 367 000	7 107 000	6 362 000	9 273 000
Operating Profit	10 762 000	7 399 000	−497 000	3 947 000
Financial Income	651 000	1 083 000	1 778 000	161 000
Financial Costs	1 440 000	468 000	74 000	1 150 000
Financial Balance	−789 000	615 000	1 704 000	−989 000
Dividends	3 000 000	10 000 000	4 000 000	5 000 000
Net Income	7 717 000	6 207 000	928 000	2 257 000

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	31 000	80 000	128 000	176 000
Total Tangible Assets	31 000	80 000	128 000	176 000
Total Fiancial Fixed Assets	604 000	604 000	604 000	533 000
Total Fixed Assets	635 000	683 000	731 000	709 000
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	10 576 000	12 861 000	9 319 000	12 199 000
Total Current Assets	13 172 000	15 081 000	12 928 000	17 566 000
Total Assets	13 807 000	15 764 000	13 660 000	18 275 000
Total Equity	6 931 000	2 213 000	6 007 000	9 079 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	278 000	386 000	487 000	610 000
Creditors	528 000	57 000	1 847 000	2 080 000
Unpaid Taxes	332 000	284 000	299 000	330 000
Dividends	3 000 000	10 000 000	4 000 000	5 000 000
Other Current Debt	375 000	915 000	618 000	326 000
Total Current Debt	6 598 000	13 165 000	7 166 000	8 587 000
Total Equity and Debt	13 807 000	15 764 000	13 660 000	18 275 000

Financial indicators	2022	2021	2020	2019
Return on Equity	111,34 %	280,48 %	15,45 %	24,86 %
Debt-to-Equity Ratio	0,04	0,17	0,08	0,07
Operating Profit Margin	59,36 %	51,01 %	−8,47 %	29,86 %
Current Ratio	2	1,15	1,8	2,05
Quick Ratio	2	1,15	1,8	2,05
Equity Ratio	0,5	0,14	0,44	0,5
Gross Profit Margin	100 %	100 %	100 %	100 %