AS Uglands Rederi consolidated has a solid balance sheet and a strong financial position, with a relative low level of interest bearing debt and a high equity ratio. The recognized equity constitutes 61% of total assets as of yearend 2021. The company has focus on long-term relationships, financial solvency and liquidity.
In 2021, the company posted operating income of NOK 928 million (899 in year 2020), which includes gain on sale of one barge. Operating expenses totalled NOK 683 million (932). The operating result before depreciation and reversal of previous impairments (EBITDA) came in at NOK 272 million (85), while the operating result (EBIT) closed on NOK 245 million (-33). Total depreciation recognised in the financial statements amounted to NOK 100 million (118).
The result for the year before tax and minority interests came in at NOK 259 million (-36). After reversed tax expenses of NOK 3 million and minority interests, the consolidated result for the year closed on NOK 263 million.
More details in the annual report, found below.