GEARBULK NORWAY AS

5258 BLOMSTERDALEN

Finances

Share Ownership

Return on Equity

8 381,25 %

Current Ratio

0,93

Debt-to-Equity Ratio

24,72

Key figures (NOK)	2022	2021	2020	2019
Revenue	111 061 000	66 981 000	64 910 000	65 694 000
Net Income	2 682 000	30 998 000	1 910 000	2 081 000
Total Assets	30 837 000	47 857 000	15 903 000	23 331 000
Total Equity	32 000	2 950 000	6 530 000	5 765 000

Income (NOK)	2022	2021	2020	2019
Revenue	111 061 000	66 981 000	64 910 000	65 694 000
Expenditure	109 116 000	64 502 000	62 453 000	63 414 000
Operating Profit	1 945 000	2 479 000	2 457 000	2 280 000
Financial Income	7 190 000	30 262 000	1 634 000	608 000
Financial Costs	5 674 000	969 000	1 626 000	145 000
Financial Balance	1 516 000	29 293 000	8 000	463 000
Earnings Before Tax	3 461 000	31 772 000	2 465 000	2 743 000
Tax	779 000	774 000	555 000	662 000
Net Income	2 682 000	30 998 000	1 910 000	2 081 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	3 013 000	1 065 000	890 000	998 000
Total Current Assets	27 823 000	46 792 000	15 013 000	22 333 000
Total Assets	30 837 000	47 857 000	15 903 000	23 331 000
Total Retained Equity	0	2 918 000	765 000	0
Total Equity	32 000	2 950 000	6 530 000	5 765 000
Total Long-Term Debt	791 000	258 000	1 605 000	2 408 000
Total Current Debt	30 014 000	44 649 000	7 769 000	15 158 000
Total Equity and Debt	30 837 000	47 857 000	15 904 000	23 331 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	111 061 000	66 981 000	64 910 000	65 694 000
Other Income	0	0	0	0
Revenue	111 061 000	66 981 000	64 910 000	65 694 000
Cost of Goods Sold	0	0	0	0
Salary Costs	57 929 000	28 320 000	30 248 000	30 319 000
Depreciation	1 022 000	249 000	80 000	37 000
Impairment	0	0	0	0
Expenditure	109 116 000	64 502 000	62 453 000	63 414 000
Operating Profit	1 945 000	2 479 000	2 457 000	2 280 000
Financial Income	7 190 000	30 262 000	1 634 000	608 000
Financial Costs	5 674 000	969 000	1 626 000	145 000
Financial Balance	1 516 000	29 293 000	8 000	463 000
Dividends	2 682 000	30 163 000	0	2 081 000
Net Income	2 682 000	30 998 000	1 910 000	2 081 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	221 000	146 000	498 000	730 000
Real Eastate	0	0	392 000	0
Machinery and Plant Facilities	0	0	0	268 000
Fixtures	2 792 000	919 000	0	0
Total Tangible Assets	2 792 000	919 000	392 000	268 000
Total Fiancial Fixed Assets	0	0	0	0
Total Fixed Assets	3 013 000	1 065 000	890 000	998 000
Stock	0	0	142 000	188 000
Total Investments	0	0	0	0
Cash, Bank	2 881 000	38 526 000	4 828 000	5 663 000
Total Current Assets	27 823 000	46 792 000	15 013 000	22 333 000
Total Assets	30 837 000	47 857 000	15 903 000	23 331 000
Total Equity	32 000	2 950 000	6 530 000	5 765 000
Short-Term Group Debt	1 779 000	6 532 000	0	0
Total Long-Term Debt	791 000	258 000	1 605 000	2 408 000
Creditors	804 000	644 000	591 000	1 029 000
Unpaid Taxes	3 505 000	1 591 000	1 862 000	1 860 000
Dividends	2 682 000	30 163 000	0	2 081 000
Other Current Debt	20 389 000	8 534 000	5 316 000	11 588 000
Total Current Debt	30 014 000	44 649 000	7 769 000	15 158 000
Total Equity and Debt	30 837 000	47 857 000	15 904 000	23 331 000

Financial indicators	2022	2021	2020	2019
Return on Equity	8 381,25 %	1 050,78 %	29,25 %	36,1 %
Debt-to-Equity Ratio	24,72	0,09	0,25	0,42
Operating Profit Margin	1,75 %	3,7 %	3,79 %	3,47 %
Current Ratio	0,93	1,05	1,93	1,47
Quick Ratio	0,93	1,05	1,97	1,49
Equity Ratio	0	0,06	0,41	0,25
Gross Profit Margin	100 %	100 %	100 %	100 %