Polar Marquis

Key figures

The GC Rieber Shipping Group,

Income Statement figures (in NOK 1000)

  2018

2017

2016

Total operating income 231 910 264 066 205 505
Total operating expenses -194 513 -233 192 -222 600
Profit from jointly controlled entities -92 754 -9 879 26 784
Non-cash gain on sale of shares in joint ventures 310 254 0 0
EBITDA 254 897 20 995 9 688
Depreciation  -110 003 -115 209 -121 191
Write-downs 55 761 4 220 -192 403
EBIT 200 655 -89 994 -303 906
Net financial items -52 623 -40 560 -53 092
 - whereof unrealised currency gains/losses -199 -7 288 -2 591
Net income before taxes -148 032 -130 554 -356 998
Profit from continuing operations -148 032 -130 069 -360 609
Profit from discontiued operations 0 0 -382 334
Net income for the year 148 139 -130 069 -742 943
       
Normalised profit (1) -218 114 -142 054 253 800
       
Balance Sheet figures (in NOK 1000)        
Fixed assets 2 714 530 2 260 887 4 293 590
Current assets   262 755 185 692 654 159
Equity 1 711 077 1 139 636 2 304 243
Long-term liabilities 1 195 729 1 060 659 2 114 630
Current liabilities 63 159  238 883 528 875
Total equity and liabilities  2 977 286  2 446 579 4 947 748
       
Financial key figures            
Equity ratio (2) 58 %  47 % 47 %
Equity per share (3) 20 26 53
Interest-bearing debt 1 219 754 1 230 817 2 365 195
Bank deposits and liquid assets  204 164 107 749 506 934
       
Profitability       
EBITDA margin  109.9 % 8.0 % 51.4 %
Return on equity (4) 10.4 %  -7.5 % -3.6 %
Return on total assets (5) 7.4 %  -2.4 % 0.5 %
Earnings per share (6)  2.68  -2.98 -1.83
Weighted average number of shares    55 204 824 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. Net profit divided by average equity 
  5. Net profit + financial expenses, divided by average total assets 
  6. Net profit divided by average number of shares outstanding