Key Figures

    Note 2020 2019 2018 2017 2016
               
Profit              
Operating revenues USD million   56.7 225.4 330.8 283.0 474.7
EBITDA USD million 1 (9.5)97.1 166.6 122.9 253.2
Operating profit USD million   (864.3) (342.6) 53.0 (578.2)52.8
Net profit USD million   (950.1) (399.9) (114.5) 647.1) 172.6
Earnings per share (fully diluted) USD 2 (10.80) (4.54) (1.30) (7.35) 8.36
               
Balance sheet              
Total assets USD million   587.7 1 480.2 1 736.8 1 947.0 2 686.9
Interest-bearing debt USD million   1 509.4 1 397.9 1 243.0 1 347.7 1 390.8
Net interest-bearing debt USD million 3 1 349.1 1 199.8 1 102.7 1 115.8 1 185.1
Book equity USD million   (948.5) 2.4 400.2 497.6 1 129.5
Book equity ratio   4 (161.4)% 0.2% 23.0% 26.0% 42.0%
Liquidity reserve USD million 5 160.3 198.1 277.3 231.9 205.7
Net cash flow USD million   (37.8) 57.8 (91.6) 26.2 148.6
Net working capital  USD million   6 (1 279.3) (1 158.2) 58.7  221.3  142.5 
               
Valuation              
Market Capitalisation at year-end USD million   10.4 19.7 126.7 118.1 306
Share Price NOK 1.08 2.11 13.4 1237
               
Operations              
Fleet utilisation rate     20.4% 50.9%47.3% 38.4% 43.2%
               

  1. Operating profit before depreciation
  2. Net profit / Average number of outstanding and potential shares. EPS restated to reflect reverse split in 2016.
  3. Interest-bearing debt – Cash and deposits
  4. (Book equity / Total assets) * 100
  5. Cash and deposits + available liquidity reserve balance under a committed revolving credit facility
  6. Current Assets – Current Liabilities      

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