Polar Marquis

Key figures

The GC Rieber Shipping Group,

Income Statement figures (in NOK 1000)

2015

2014

2013

Total operating income 980 247 881 460 745 470
Total operating expenses -618 130 -451 358 -370 072
Profit from jointly controlled entities 36 088 23 373 13 860
EBITDA 398 204 453 475 389 258
Depreciation  -261 771 -173 426 -132 095
Write-downs -251 587 0 -10 309
Gains (losses) on sale of subsidiary 0 0 0
Gains (losses) on sale of fixed assets 19 173 108 375 054
EBIT -95 980 280 157 621 908
Net financial items -150 874 -358 615 -260 538
 - whereof unrealised currency gains/losses -14 818 -115 948 -55 697
 - whereof loss from associated companies 0 0 -155 511
Net income before taxes -246 854 -78 458 361 370
Net income for the year -307 715 -80 073 371 019
       
NET INCOME FOR THE YEAR      
Net income for the year -307 715 -80 073 371 019
Minority share 0 0 0
Net income after minority share -307 715 -80 073 371 019
       
Normalised profit (1) 157 200 253 800 81 800
       
Balance Sheet figures (in NOK 1000)        
Fixed assets 4 994 152 4 293 590 2 930 500
Current assets  677 575 654 159 878 148
Equity 2 381 429 2 304 243 2 197 955
Long-term liabilities 2 864 439 2 114 630 1 292 674
Current liabilities 408 240 528 875 318 019
Total equity and liabilities  5 671 726 4 947 748 3 808 648
       
Financial key figures            
Equity ratio (2) 42 % 47 % 57 %
Equity per share (3) 55 53 50
Interest-bearing debt 3 153 599 2 365 195 1 456 224
Bank deposits and liquid assets 630 638 506 934 716 603
Number of years to repay interest-bearing debt (4) 6.0 4.3 3.5
       
Profitability       
EBITDA margin 40.6 % 51.4 % 52.2 %
Return on equity (5) -13.1 % -3.6 % 18.6 %
Return on total assets (6) -3.8 % 0.5 % 11.9 %
Earnings per share (7)  -7.05 -1.83 8.50
Weighted average  number of shares   43 662 000  43 662 000  43 662 000 

                    
Definitions:

  1. Profit before taxes from continuing operations adjusted for unrealised currency gains/losses, sales gains and write-downs (incl. write-downs in associated companies) 
  2. Equity as per 31.12 divided by total equity & liabilities as per 31.12 
  3. Equity as per 31.12 divided by number of outstanding shares as per 31.12 
  4. Interest-bearing debt less bank deposits and liquid assets, divided by cash flow
  5. Net profit divided by average equity 
  6. Net profit + financial expenses, divided by average total assets 
  7. Net profit divided by average number of shares outstanding