Klaveness Combination Carriers
ISIN: NO0010833262 | Ticker: KCC | LEI: 213800ZFB2MQM3JA6K52
Country: Norway
Two vessel segments built on the same business concept
Klaveness has been an owner and operator of combination carriers since the early 1950s. Over this period, the company has developed and refined vessel design, equipment, operational procedures and crew training to provide our customers with the most efficient and environmentally friendly, high-quality shipping services. The company currently operates a fleet of 16 vessels: Eight CABU vessels and eight CLEANBU vessels.
Specialization in shipping has created a lot of inefficiencies. KCC’s combination carriers solve these inefficiencies by consecutively switching between dry and wet cargo shipments with minimum ballast between the laden voyages. The vessels ship tanker cargoes into dry bulk export hubs such as Australia and South America and ship dry bulk cargoes on the return leg.
2018
Served areaWorldwide
HeadquartersP.O.Box 182 Skøyen, 0212 Oslo – Norway
| Line item in (usd) | 01.01.2020 | 01.01.2021 | 01.01.2022 | 01.01.2023 |
|---|---|---|---|---|
| Assets | N/A | 549,043,000.00 | 629,931,000.00 | 642,906,000.00 |
| Noncurrent Assets | N/A | 457,868,000.00 | 542,535,000.00 | 523,905,000.00 |
| Ships | N/A | 404,258,000.00 | 536,864,000.00 | 516,072,000.00 |
| Noncurrent Receivables | N/A | 70,000.00 | 70,000.00 | 70,000.00 |
| Noncurrent Derivative Financial Assets | N/A | N/A | 4,048,000.00 | 7,762,000.00 |
| Current Assets | N/A | 91,174,000.00 | 87,396,000.00 | 119,002,000.00 |
| Inventories | N/A | 6,159,000.00 | 12,279,000.00 | 18,898,000.00 |
| Trade And Other Current Receivables Due From Related Parties | N/A | 742,000.00 | 2,018,000.00 | 202,000.00 |
| Cash and cash equivalents | N/A | 65,685,000.00 | 53,937,000.00 | 64,918,000.00 |
| Current Derivative Financial Assets | N/A | N/A | 678,000.00 | 4,923,000.00 |
| Equity And Liabilities | N/A | 549,043,000.00 | 629,931,000.00 | 642,906,000.00 |
| Equity | 212,941,000.00 | 216,532,000.00 | 254,417,000.00 | 297,545,000.00 |
| Issued Capital | N/A | 5,725,000.00 | 6,235,000.00 | 6,235,000.00 |
| Retained Earnings | N/A | 87,162,000.00 | 102,605,000.00 | 121,087,000.00 |
| Share Premium | N/A | 130,155,000.00 | 153,732,000.00 | 153,732,000.00 |
| Other Reserves | N/A | -6,511,000.00 | -8,154,000.00 | N/A |
| Noncurrent Liabilities | N/A | 294,109,000.00 | 331,223,000.00 | 228,975,000.00 |
| Noncurrent Derivative Financial Liabilities | N/A | N/A | 2,017,000.00 | 2,466,000.00 |
| Noncurrent Portion Of Noncurrent Loans Received | N/A | N/A | 249,993,000.00 | 156,534,000.00 |
| Noncurrent Portion Of Noncurrent Bonds Issued | N/A | 80,649,000.00 | 78,205,000.00 | 69,975,000.00 |
| Current Liabilities | N/A | 38,401,000.00 | 44,291,000.00 | 116,387,000.00 |
| Trade And Other Current Payables To Related Parties | N/A | 1,339,000.00 | 895,000.00 | 693,000.00 |
| Current Tax Liabilities Current | N/A | 175,000.00 | 233,000.00 | 193,000.00 |
| Current Derivative Financial Liabilities | N/A | N/A | 0.00 | 249,000.00 |
| Current Loans Received And Current Portion Of Noncurrent Loans Received | N/A | N/A | 23,936,000.00 | 92,769,000.00 |
| Other Current Borrowings And Current Portion Of Other Noncurrent Borrowings | N/A | 0.00 | 2,409,000.00 | 233,000.00 |
| Line item in (usd) | 01.01.2020/ 01.01.2021 |
01.01.2021/ 01.01.2022 |
01.01.2022/ 01.01.2023 |
|---|---|---|---|
| Revenue | 162,731,000.00 | 197,955,000.00 | 260,674,000.00 |
| Revenue From Rendering Of Cargo And Mail Transport Services | 142,289,000.00 | 155,564,000.00 | 205,769,000.00 |
| Other Revenue | 0.00 | 482,000.00 | 396,000.00 |
| Other Income | 0.00 | 1,422,000.00 | 0.00 |
| Employee Benefits Expense | 1,327,000.00 | 2,374,000.00 | 3,458,000.00 |
| Depreciation Expense | 19,155,000.00 | 28,666,000.00 | 31,344,000.00 |
| Tax Expense Other Than Income Tax Expense | N/A | 221,000.00 | 188,000.00 |
| Profit Loss From Operating Activities | 28,971,000.00 | 38,398,000.00 | 75,611,000.00 |
| Finance Income | 529,000.00 | 74,000.00 | 3,516,000.00 |
| Finance Costs | 14,317,000.00 | 15,866,000.00 | 18,257,000.00 |
| Profit Loss Before Tax | 15,182,000.00 | 22,606,000.00 | 60,869,000.00 |
| Income Tax Expense Continuing Operations | 0.00 | 7,000.00 | 0.00 |
| Profit (loss) | 15,182,000.00 | 22,600,000.00 | 60,869,000.00 |
| Profit Loss Attributable To Owners Of Parent | 15,182,000.00 | 22,600,000.00 | 60,869,000.00 |
| Line item in (usd) | 01.01.2021 | 01.01.2022 | 01.01.2023 |
|---|---|---|---|
| Profit (loss) | 15,182,000.00 | 22,600,000.00 | 60,869,000.00 |
| Adjustments For Unrealised Foreign Exchange Losses Gains | -4,000.00 | 726,000.00 | 207,000.00 |
| Interest Received Classified As Operating Activities | 271,000.00 | 74,000.00 | 3,030,000.00 |
| Cash Flows From Used In Operating Activities | 39,513,000.00 | 45,850,000.00 | 105,883,000.00 |
| Proceeds From Sales Of Property Plant And Equipment Classified As Investing Activities | N/A | 13,800,000.00 | 0.00 |
| Cash Flows From Used In Investing Activities | -92,905,000.00 | -105,517,000.00 | -10,238,000.00 |
| Proceeds From Issuing Shares | 0.00 | 24,977,000.00 | 0.00 |
| Payments To Acquire Or Redeem Entitys Shares | 147,000.00 | 0.00 | N/A |
| Payments Of Lease Liabilities Classified As Financing Activities | 454,000.00 | 582,000.00 | 382,000.00 |
| Dividends Paid Classified As Financing Activities | 4,802,000.00 | 7,204,000.00 | 42,421,000.00 |
| Cash Flows From Used In Financing Activities | 63,822,000.00 | 46,254,000.00 | -82,489,000.00 |
| Increase (decrease) in cash and cash equivalents before effect of exchange rate changes | 10,431,000.00 | -13,414,000.00 | 13,156,000.00 |
| Effect Of Exchange Rate Changes On Cash And Cash Equivalents | 0.00 | -742,000.00 | 0.00 |
| Increase (decrease) in cash and cash equivalents after effect of exchange rate changes | 10,431,000.00 | -13,414,000.00 | 13,156,000.00 |
| Cash and cash equivalents | 65,685,000.00 | 53,937,000.00 | 64,918,000.00 |
Please note that some sums might not add up.
NO0010833262
LEI213800ZFB2MQM3JA6K52
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