Last 85.25 NOK
Change Today +0.50 / 0.59%
Volume 350.0
FAR On Other Exchanges
Symbol
Exchange
Oslo
Stuttgart
As of 8:01 AM 10/1/14 All times are local (Market data is delayed by at least 15 minutes).

Financial Statements for farstad shipping (FAR)

Year over year, Farstad Shipping ASA has seen their bottom line shrink from 311.8M NOK to 260.1M NOK despite an increase in revenues from 3.7B NOK to 4.0B NOK. An increase in the percentage of sales devoted to income tax expenses from 0.35% to 0.50% was a key component in the falling bottom line in the face of rising revenues.
View Income Statement In U.S. Dollar
Currency in
Millions of Norwegian Krones
As of:Dec 31
2010
Restated
NOK
Dec 31
2011
Reclassified
NOK
Dec 31
2012
Restated
NOK
Dec 31
2013
NOK
4 Year
Trend
Revenues3,323.93,578.93,709.93,998.4
TOTAL REVENUES3,323.93,578.93,709.93,998.4
Cost of Goods Sold1,744.81,948.82,108.82,207.1
GROSS PROFIT1,579.11,630.11,601.11,791.3
Selling General & Admin Expenses, Total197.8234.6288.7283.1
Depreciation & Amortization, Total516.2544.8575.9654.4
Other Operating Expenses-3.8-6.0-4.1-8.7
OTHER OPERATING EXPENSES, TOTAL710.3773.4860.6928.8
OPERATING INCOME868.8856.7740.5862.5
Interest Expense-376.7-383.1-414.5-534.3
Interest and Investment Income58.749.137.037.8
NET INTEREST EXPENSE-318.1-334.0-377.4-496.6
Currency Exchange Gains (Loss)-56.8-67.5-18.0-85.3
Other Non-Operating Income (Expenses)-2.5-12.3-10.1-7.6
EBT, EXCLUDING UNUSUAL ITEMS491.4443.0334.9272.9
Impairment of Goodwill--70.4----
Gain (Loss) on Sale of Assets1.116.9-10.37.0
EBT, INCLUDING UNUSUAL ITEMS492.5530.3324.7280.0
Income Tax Expense60.8-38.112.919.8
Earnings from Continuing Operations431.8568.4311.8260.1
NET INCOME431.8568.4311.8260.1
NET INCOME TO COMMON INCLUDING EXTRA ITEMS431.8568.4311.8260.1
NET INCOME TO COMMON EXCLUDING EXTRA ITEMS431.8568.4311.8260.1
 

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FAR:NO 85.25 NOK +0.50

FAR Competitors

Market data is delayed at least 15 minutes.

Company Last Change
Gulfmark Offshore Inc $31.35 USD 0.00
Rederi AB Transatlantic kr7.05 SEK -0.15
Solstad Offshore ASA 88.25 NOK -1.75
Great Eastern Shipping Co Ltd/The 440.55 INR +8.70
Ultrapetrol Bahamas Ltd $3.12 USD 0.00
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Industry Analysis

FAR

Industry Average

Valuation FAR Industry Range
Price/Earnings 10.5x
Price/Sales 0.8x
Price/Book 0.5x
Price/Cash Flow 3.1x
TEV/Sales NM Not Meaningful
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