BLUE WATER SHIPPING AS

1470 LØRENSKOG

Finances

Share Ownership

Return on Equity

11,13 %

Current Ratio

1,43

Debt-to-Equity Ratio

Key figures (NOK)	2022	2021	2020	2019
Revenue	35 789 000	28 536 000	40 594 000	56 487 000
Net Income	392 000	474 000	619 000	915 000
Total Assets	11 627 000	13 503 000	8 415 000	14 989 000
Total Equity	3 521 000	3 129 000	3 355 000	4 736 000

Income (NOK)	2022	2021	2020	2019
Revenue	35 789 000	28 536 000	40 594 000	56 487 000
Expenditure	35 071 000	27 931 000	39 861 000	55 518 000
Operating Profit	719 000	605 000	734 000	968 000
Financial Income	23 000	54 000	175 000	215 000
Financial Costs	240 000	51 000	115 000	11 000
Financial Balance	−217 000	3 000	60 000	204 000
Earnings Before Tax	503 000	607 000	794 000	1 172 000
Tax	111 000	134 000	175 000	258 000
Net Income	392 000	474 000	619 000	915 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	11 000	13 000	65 000	24 000
Total Current Assets	11 615 000	13 490 000	8 350 000	14 965 000
Total Assets	11 627 000	13 503 000	8 415 000	14 989 000
Total Retained Equity	3 421 000	3 029 000	3 255 000	4 636 000
Total Equity	3 521 000	3 129 000	3 355 000	4 736 000
Total Long-Term Debt	0	0	0	0
Total Current Debt	8 106 000	10 374 000	5 060 000	10 253 000
Total Equity and Debt	11 627 000	13 503 000	8 415 000	14 989 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	35 789 000	28 536 000	40 594 000	56 487 000
Other Income	0	0	0	0
Revenue	35 789 000	28 536 000	40 594 000	56 487 000
Cost of Goods Sold	5 003 000	3 708 000	6 147 000	9 087 000
Salary Costs	22 117 000	17 239 000	25 563 000	37 257 000
Depreciation	0	0	0	0
Impairment	0	0	0	0
Expenditure	35 071 000	27 931 000	39 861 000	55 518 000
Operating Profit	719 000	605 000	734 000	968 000
Financial Income	23 000	54 000	175 000	215 000
Financial Costs	240 000	51 000	115 000	11 000
Financial Balance	−217 000	3 000	60 000	204 000
Dividends	0	0	0	0
Net Income	392 000	474 000	619 000	915 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	11 000	13 000	65 000	24 000
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	11 000	13 000	65 000	24 000
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	2 640 000	9 681 000	4 246 000	11 437 000
Total Current Assets	11 615 000	13 490 000	8 350 000	14 965 000
Total Assets	11 627 000	13 503 000	8 415 000	14 989 000
Total Equity	3 521 000	3 129 000	3 355 000	4 736 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	0	0	0	0
Creditors	4 066 000	7 611 000	1 587 000	2 620 000
Unpaid Taxes	1 458 000	867 000	1 149 000	1 942 000
Dividends	0	0	0	0
Other Current Debt	2 473 000	1 815 000	2 108 000	5 450 000
Total Current Debt	8 106 000	10 374 000	5 060 000	10 253 000
Total Equity and Debt	11 627 000	13 503 000	8 415 000	14 989 000

Financial indicators	2022	2021	2020	2019
Return on Equity	11,13 %	15,15 %	18,45 %	19,32 %
Debt-to-Equity Ratio	0	0	0	0
Operating Profit Margin	2,01 %	2,12 %	1,81 %	1,71 %
Current Ratio	1,43	1,3	1,65	1,46
Quick Ratio	1,43	1,3	1,65	1,46
Equity Ratio	0,3	0,23	0,4	0,32
Gross Profit Margin	86,02 %	87,01 %	84,86 %	83,91 %