LAXEVAAG TANKERS HOLDING AS

5259 HJELLESTAD

Finances

Return on Equity

70,48 %

Current Ratio

3,76

Debt-to-Equity Ratio

Key figures (NOK)	2022	2021	2020	2019
Revenue	2 184 304 000	727 556 000	661 663 000	698 977 000
Net Income	322 642 000	42 111 000	30 916 000	35 599 000
Total Assets	625 479 000	278 285 000	211 932 000	196 650 000
Total Equity	457 788 000	163 147 000	141 036 000	142 584 000

Income (NOK)	2022	2021	2020	2019
Revenue	2 184 304 000	727 556 000	661 663 000	698 977 000
Expenditure	1 790 384 000	675 423 000	614 978 000	655 597 000
Operating Profit	393 919 000	52 132 000	46 686 000	43 380 000
Financial Income	19 976 000	12 198 000	13 117 000	8 022 000
Financial Costs	9 000	10 032 000	21 087 000	5 301 000
Financial Balance	19 967 000	2 166 000	−7 970 000	2 721 000
Earnings Before Tax	413 886 000	54 299 000	38 716 000	46 101 000
Tax	91 245 000	12 188 000	7 801 000	10 502 000
Net Income	322 642 000	42 111 000	30 916 000	35 599 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	264 000	9 877 000	3 057 000	12 842 000
Total Current Assets	625 215 000	268 408 000	208 876 000	183 807 000
Total Assets	625 479 000	278 285 000	211 932 000	196 650 000
Total Retained Equity	457 588 000	162 947 000	140 836 000	142 384 000
Total Equity	457 788 000	163 147 000	141 036 000	142 584 000
Total Long-Term Debt	1 539 000	2 089 000	2 607 000	3 372 000
Total Current Debt	166 151 000	113 050 000	68 290 000	50 693 000
Total Equity and Debt	625 479 000	278 285 000	211 932 000	196 650 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	2 184 304 000	727 556 000	661 663 000	698 977 000
Other Income	0	0	0	0
Revenue	2 184 304 000	727 556 000	661 663 000	698 977 000
Cost of Goods Sold	1 725 354 000	636 835 000	580 418 000	620 572 000
Salary Costs	57 084 000	31 595 000	28 624 000	28 658 000
Depreciation	0	0	33 000	43 000
Impairment	0	0	0	0
Expenditure	1 790 384 000	675 423 000	614 978 000	655 597 000
Operating Profit	393 919 000	52 132 000	46 686 000	43 380 000
Financial Income	19 976 000	12 198 000	13 117 000	8 022 000
Financial Costs	9 000	10 032 000	21 087 000	5 301 000
Financial Balance	19 967 000	2 166 000	−7 970 000	2 721 000
Dividends	0	0	0	0
Net Income	322 642 000	42 111 000	30 916 000	35 599 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	0	0	0	11 000
Real Eastate	0	7 392 000	0	12 301 000
Machinery and Plant Facilities	0	0	0	0
Fixtures	264 000	264 000	264 000	296 000
Total Tangible Assets	264 000	7 656 000	264 000	12 597 000
Total Fiancial Fixed Assets	0	2 221 000	2 793 000	234 000
Total Fixed Assets	264 000	9 877 000	3 057 000	12 842 000
Stock	0	0	0	0
Total Investments	8 012 000	8 012 000	3 820 000	3 975 000
Cash, Bank	363 081 000	136 010 000	163 175 000	130 295 000
Total Current Assets	625 215 000	268 408 000	208 876 000	183 807 000
Total Assets	625 479 000	278 285 000	211 932 000	196 650 000
Total Equity	457 788 000	163 147 000	141 036 000	142 584 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	1 539 000	2 089 000	2 607 000	3 372 000
Creditors	34 953 000	63 831 000	28 512 000	30 510 000
Unpaid Taxes	7 011 000	3 066 000	2 618 000	2 505 000
Dividends	0	0	0	0
Other Current Debt	32 393 000	13 446 000	10 521 000	9 594 000
Total Current Debt	166 151 000	113 050 000	68 290 000	50 693 000
Total Equity and Debt	625 479 000	278 285 000	211 932 000	196 650 000

Financial indicators	2022	2021	2020	2019
Return on Equity	70,48 %	25,81 %	21,92 %	24,97 %
Debt-to-Equity Ratio	0	0,01	0,02	0,02
Operating Profit Margin	18,03 %	7,17 %	7,06 %	6,21 %
Current Ratio	3,76	2,37	3,06	3,63
Quick Ratio	3,76	2,37	3,06	3,63
Equity Ratio	0,73	0,59	0,67	0,73
Gross Profit Margin	21,01 %	12,47 %	12,28 %	11,22 %