SWIRE SEABED SHIPPING AS

4307 SANDNES

Finances

Share Ownership

Return on Equity

82,42 %

Current Ratio

1,16

Debt-to-Equity Ratio

Key figures (NOK)	2021	2020	2019	2018
Revenue	45 217 000	20 114 000	148 033 000	152 889 000
Net Income	38 711 000	−7 319 000	−243 205 000	−279 844 000
Total Assets	339 833 000	356 612 000	234 228 000	461 927 000
Total Equity	46 969 000	8 258 000	15 577 000	76 671 000

Income (NOK)	2021	2020	2019	2018
Revenue	45 217 000	20 114 000	148 033 000	152 889 000
Expenditure	2 599 000	11 228 000	385 978 000	391 609 000
Operating Profit	42 619 000	8 885 000	−237 945 000	−238 720 000
Financial Income	0	87 000	277 000	163 000
Financial Costs	3 908 000	16 292 000	5 537 000	5 826 000
Financial Balance	−3 908 000	−16 205 000	−5 260 000	−5 663 000
Earnings Before Tax	38 711 000	−7 319 000	−243 205 000	−244 383 000
Tax	0	0	0	35 461 000
Net Income	38 711 000	−7 319 000	−243 205 000	−279 844 000

Balance (NOK)	2021	2020	2019	2018
Total Fixed Assets	0	0	69 514 000	413 232 000
Total Current Assets	339 833 000	356 612 000	164 715 000	48 695 000
Total Assets	339 833 000	356 612 000	234 228 000	461 927 000
Total Retained Equity	−304 703 000	−343 413 000	−336 094 000	0
Total Equity	46 969 000	8 258 000	15 577 000	76 671 000
Total Long-Term Debt	0	0	0	0
Total Current Debt	292 864 000	348 354 000	218 652 000	385 256 000
Total Equity and Debt	339 833 000	356 612 000	234 228 000	461 927 000

Cash flow (NOK)	2021	2020	2019	2018
Sales Income	0	5 589 000	114 007 000	152 889 000
Other Income	45 217 000	14 525 000	34 026 000	0
Revenue	45 217 000	20 114 000	148 033 000	152 889 000
Cost of Goods Sold	0	0	0	0
Salary Costs	0	0	0	0
Depreciation	0	552 000	49 234 000	58 904 000
Impairment	0	0	56 237 000	118 551 000
Expenditure	2 599 000	11 228 000	385 978 000	391 609 000
Operating Profit	42 619 000	8 885 000	−237 945 000	−238 720 000
Financial Income	0	87 000	277 000	163 000
Financial Costs	3 908 000	16 292 000	5 537 000	5 826 000
Financial Balance	−3 908 000	−16 205 000	−5 260 000	−5 663 000
Dividends	0	0	0	0
Net Income	38 711 000	−7 319 000	−243 205 000	−279 844 000

Balance details (NOK)	2021	2020	2019	2018
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	2 950 000	4 113 000
Total Tangible Assets	0	0	66 720 000	406 325 000
Total Fiancial Fixed Assets	0	0	2 794 000	6 907 000
Total Fixed Assets	0	0	69 514 000	413 232 000
Stock	0	0	2 036 000	3 530 000
Total Investments	0	0	0	0
Cash, Bank	0	6 998 000	17 008 000	8 788 000
Total Current Assets	339 833 000	356 612 000	164 715 000	48 695 000
Total Assets	339 833 000	356 612 000	234 228 000	461 927 000
Total Equity	46 969 000	8 258 000	15 577 000	76 671 000
Short-Term Group Debt	292 839 000	301 893 000	124 740 000	324 159 000
Total Long-Term Debt	0	0	0	0
Creditors	0	0	1 213 000	9 627 000
Unpaid Taxes	0	0	0	0
Dividends	0	0	0	0
Other Current Debt	25 000	46 461 000	92 699 000	51 470 000
Total Current Debt	292 864 000	348 354 000	218 652 000	385 256 000
Total Equity and Debt	339 833 000	356 612 000	234 228 000	461 927 000

Financial indicators	2021	2020	2019	2018
Return on Equity	82,42 %	−88,63 %	−1 561,31 %	−364,99 %
Debt-to-Equity Ratio	0	0	0	0
Operating Profit Margin	94,25 %	44,17 %	−160,74 %	−156,14 %
Current Ratio	1,16	1,02	0,75	0,13
Quick Ratio	1,16	1,02	0,76	0,13
Equity Ratio	0,14	0,02	0,07	0,17
Gross Profit Margin	100 %	100 %	100 %	100 %