Gram Car Carriers ASA Logo

Gram Car Carriers ASA

ISIN: NO0011109563 | Ticker: GCC | LEI: 549300DDMB7X84EDQN80
Sector: IndustrialsSub-Industry: Marine Transportation
Country: Norway

About Gram Car Carriers ASA

Company Description

Gram Car Carriers is developing its position as a substantial tonnage supplier to the world’s major operators of seaborne vehicle transportation. Over the last decades, we have grown to be the third largest car carrier in the world and gained extensive expertise as a commercial manager, covering the whole market with vessels suited to all aspects of the trade. We provide our customers with a modern, reliable and efficient fleet with the latest design details and maximum cargo carrying capability to support the green mobility shift.

Gram Car Carriers has five Pure Car Truck Carriers (PCTC) distribution vessels. Four were built at the Kyokuyo Shipyard in Shimonoseki, Japan and delivered during 2009 and 2010. These vessels mainly operate in European or Caribbean trades.

Year founded

1982

Served area

Worldwide

Headquarters

Bryggegata 9, 0250 Oslo – Norway

Financial statements

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Line item in (usd) 01.01.2021 01.01.2022 01.01.2023
Assets 550,827,000.00 494,683,000.00 609,741,000.00
Noncurrent Assets 492,679,000.00 474,635,000.00 568,858,000.00
Property Plant And Equipment 425,546,000.00 410,605,000.00 568,211,000.00
Other Noncurrent Assets 1,159,000.00 1,159,000.00 506,000.00
Current Assets 58,147,000.00 20,049,000.00 40,883,000.00
Inventories 2,633,000.00 1,738,000.00 2,088,000.00
Trade And Other Current Receivables 658,000.00 1,839,000.00 4,498,000.00
Cash and cash equivalents 11,571,000.00 15,960,000.00 30,287,000.00
Noncurrent Assets Or Disposal Groups Classified As Held For Sale Or As Held For Distribution To Owners 42,669,000.00 0.00 0.00
Other Current Assets 617,000.00 512,000.00 4,010,000.00
Equity And Liabilities 550,827,000.00 494,683,000.00 609,741,000.00
Equity 86,667,000.00 79,239,000.00 243,481,000.00
Noncurrent Liabilities 399,803,000.00 121,397,000.00 297,045,000.00
Noncurrent Derivative Financial Liabilities 163,000.00 0.00 0.00
Longterm Borrowings 327,970,000.00 63,437,000.00 297,045,000.00
Current Liabilities 64,357,000.00 294,048,000.00 69,215,000.00
Trade And Other Current Payables 9,700,000.00 10,596,000.00 10,593,000.00
Current Deferred Income Other Than Current Contract Liabilities 1,238,000.00 3,129,000.00 16,197,000.00
Current Derivative Financial Liabilities 0.00 98,000.00 0.00
Other Current Liabilities 567,000.00 0.00 0.00
Line item in (usd) 01.01.2021/
01.01.2022
01.01.2022/
01.01.2023
Revenue 78,029,000.00 120,976,000.00
Depreciation Expense 24,792,000.00 27,470,000.00
Profit Loss From Operating Activities 10,596,000.00 43,126,000.00
Finance Income 339,000.00 1,113,000.00
Finance Costs 18,402,000.00 20,362,000.00
Profit Loss Before Tax -7,466,000.00 23,877,000.00
Income Tax Expense Continuing Operations 6,000.00 0.00
Profit (loss) -7,472,000.00 23,877,000.00
Profit Loss Attributable To Owners Of Parent -7,935,000.00 23,877,000.00
Profit Loss Attributable To Noncontrolling Interests 463,000.00 0.00
Line item in (usd) 01.01.2021 01.01.2022 01.01.2023
Profit (loss) N/A -7,472,000.00 23,877,000.00
Adjustments For Decrease Increase In Inventories N/A 895,000.00 -350,000.00
Adjustments For Sharebased Payments N/A 0.00 902,000.00
Cash Flows From Used In Operations N/A 35,137,000.00 71,882,000.00
Income Taxes Paid Refund Classified As Operating Activities N/A 25,000.00 0.00
Cash Flows From Used In Operating Activities N/A 38,335,000.00 79,617,000.00
Cash Flows Used In Obtaining Control Of Subsidiaries Or Other Businesses Classified As Investing Activities N/A 0.00 347,000.00
Proceeds From Sales Of Property Plant And Equipment Classified As Investing Activities N/A 42,669,000.00 0.00
Cash Flows From Used In Investing Activities N/A 35,605,000.00 -63,368,000.00
Proceeds From Issuing Shares N/A 0.00 58,822,000.00
Repayments Of Borrowings Classified As Financing Activities N/A 7,393,000.00 368,116,000.00
Payments Of Lease Liabilities Classified As Financing Activities N/A 48,140,000.00 47,226,000.00
Dividends Paid Classified As Financing Activities N/A 0.00 7,042,000.00
Other Inflows Outflows Of Cash Classified As Financing Activities N/A 43,000.00 949,000.00
Cash Flows From Used In Financing Activities N/A -69,551,000.00 -1,923,000.00
Increase (decrease) in cash and cash equivalents after effect of exchange rate changes N/A 4,389,000.00 14,327,000.00
Cash and cash equivalents 11,571,000.00 15,960,000.00 30,287,000.00

Please note that some sums might not add up.

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Capital markets information

ISIN

NO0011109563

LEI

549300DDMB7X84EDQN80

Sector

Industrials

Industry Group

Transportation

Industry

Marine Transportation

Sub-Industry

Marine Transportation

Listed Stock Exchange

Oslo Børs

Main Stock Exchange

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