Key Figures

Group Key Figures 2017-2021
Amounts in USD thousand 2021 2020 2019 2018 2017
Income statement
Revenue 21,519 42,319 36,119 32,787 32,841
Time charter equivalent revenue (TCE revenue) 10,380 27,766 22,498 19,173 23,232
EBITDA 42 13,942 6,840 2,036 6,651
Operating result (EBIT) (3,899) (12,551) 1,312 (17,801) (180)
Net financials (1,864) (3,900) (5,208) (5,971) (3,384)
Result after tax (5,763) (16,451) (3,906) (23,772) (3,564)
Comprehensive income (5,763) (16,451) (3,906) (23,772) (3,564)
Balance sheet and cashflow data
Invested capital 25,614 45,103 75,265 80,313 107,612
Net working capital (NWC) 3,114 3,623 6,191 5,509 4,687
Equity (14,312) (8,549) 7,902 11,808 35,819
Balance sheet total 44,011 66,510 98,053 103,887 114,400
Investments in plant and equipment - 73 6,220 974 1,168
Net interest bearing debt 39,926 53,652 67,363 68,505 71,793
Cash flow from operating activities (711) 14,766 3,204 (2,738) 3,005
Cash flow for the year (2,848) (139) (3,071) 5,288 (1,653)
Financial Ratios
EBITDA margin (%) 0.2% 32.9% 18.9% 6.2% 20.3%
Net result margin (%) -26.8% -38.9% -10.8% -72.5% -10.9%
Equity ratio (%) -32.5% -12.9% 8.1% 11.4% 31.3%
Net working capital/revenue 15.7% 11.6% 16.2% 15.5% 13.8%
Key figures per share
(Loss)/earnings per share USD (0.01) (0.04) (0.01) (0.06) (0.01)
Market price per share DKK, year end 0.09 0.34 0.54 0.37 0.54
Market price per share USD, year end 0.01 0.06 0.08 0.06 0.09
Exchange rate USD/DKK, year end 6.54 6.09 6.66 6.51 6.21
           
Average number of full time employees 1 1 1 1 1
Number of shares, year end 406,158,403 406,158,403 406,158,403 406,158,403 406,158,403