FEDDIE OCEAN DISTILLERY AS

5947 FEDJE

Finances

Return on Equity

−70,35 %

Current Ratio

5,36

Debt-to-Equity Ratio

0,23

Key figures (NOK)	2022	2021	2020	2019
Revenue	4 945 000	4 986 000	1 478 000	383 000
Net Income	−17 722 000	−9 511 000	−8 177 000	−4 329 000
Total Assets	34 905 000	27 317 000	14 183 000	6 755 000
Total Equity	25 192 000	17 242 000	6 603 000	−2 194 000

Income (NOK)	2022	2021	2020	2019
Revenue	4 945 000	4 986 000	1 478 000	383 000
Expenditure	22 419 000	16 251 000	10 685 000	4 482 000
Operating Profit	−17 474 000	−9 226 000	−7 819 000	−4 100 000
Financial Income	85 000	26 000	25 000	1 000
Financial Costs	332 000	311 000	383 000	231 000
Financial Balance	−247 000	−285 000	−358 000	−230 000
Earnings Before Tax	−17 722 000	−9 511 000	−8 177 000	−4 329 000
Tax	0	0	0	0
Net Income	−17 722 000	−9 511 000	−8 177 000	−4 329 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	14 499 000	11 125 000	6 424 000	5 633 000
Total Current Assets	20 405 000	16 192 000	7 759 000	1 122 000
Total Assets	34 905 000	27 317 000	14 183 000	6 755 000
Total Retained Equity	0	0	−13 166 000	−4 989 000
Total Equity	25 192 000	17 242 000	6 603 000	−2 194 000
Total Long-Term Debt	5 906 000	6 839 000	5 957 000	8 210 000
Total Current Debt	3 807 000	3 237 000	1 622 000	739 000
Total Equity and Debt	34 905 000	27 317 000	14 183 000	6 755 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	4 945 000	4 986 000	1 478 000	240 000
Other Income	0	0	0	143 000
Revenue	4 945 000	4 986 000	1 478 000	383 000
Cost of Goods Sold	2 895 000	3 890 000	2 567 000	251 000
Salary Costs	9 924 000	4 913 000	2 425 000	884 000
Depreciation	1 478 000	529 000	339 000	8 000
Impairment	0	0	0	0
Expenditure	22 419 000	16 251 000	10 685 000	4 482 000
Operating Profit	−17 474 000	−9 226 000	−7 819 000	−4 100 000
Financial Income	85 000	26 000	25 000	1 000
Financial Costs	332 000	311 000	383 000	231 000
Financial Balance	−247 000	−285 000	−358 000	−230 000
Dividends	0	0	0	0
Net Income	−17 722 000	−9 511 000	−8 177 000	−4 329 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	29 000	29 000	29 000	0
Real Eastate	0	0	0	0
Machinery and Plant Facilities	7 078 000	5 787 000	5 625 000	5 588 000
Fixtures	5 142 000	3 060 000	720 000	45 000
Total Tangible Assets	12 221 000	8 847 000	6 345 000	5 633 000
Total Fiancial Fixed Assets	2 250 000	2 250 000	50 000	0
Total Fixed Assets	14 499 000	11 125 000	6 424 000	5 633 000
Stock	7 273 000	4 333 000	1 751 000	385 000
Total Investments	0	0	0	0
Cash, Bank	7 869 000	8 021 000	5 045 000	213 000
Total Current Assets	20 405 000	16 192 000	7 759 000	1 122 000
Total Assets	34 905 000	27 317 000	14 183 000	6 755 000
Total Equity	25 192 000	17 242 000	6 603 000	−2 194 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	5 906 000	6 839 000	5 957 000	8 210 000
Creditors	2 326 000	1 497 000	835 000	451 000
Unpaid Taxes	598 000	601 000	131 000	68 000
Dividends	0	0	0	0
Other Current Debt	883 000	1 138 000	656 000	220 000
Total Current Debt	3 807 000	3 237 000	1 622 000	739 000
Total Equity and Debt	34 905 000	27 317 000	14 183 000	6 755 000

Financial indicators	2022	2021	2020	2019
Return on Equity	−70,35 %	−55,16 %	−123,84 %	197,31 %
Debt-to-Equity Ratio	0,23	0,4	0,9	−3,74
Operating Profit Margin	−353,37 %	−185,04 %	−529,03 %	−1 070,5 %
Current Ratio	5,36	5	4,78	1,52
Quick Ratio	−5,89	−14,77	−60,15	3,17
Equity Ratio	0,72	0,63	0,47	−0,32
Gross Profit Margin	41,46 %	21,98 %	−73,68 %	34,46 %