FOSEN SEAFARM CONSTRUCTION AS

7100 RISSA

Finances

Share Ownership

Return on Equity

85,78 %

Current Ratio

0,1

Debt-to-Equity Ratio

−0

Key figures (NOK)	2021	2020	2019	2018
Revenue	320 047 000	478 191 000	200 819 000	0
Net Income	−84 129 000	−13 971 000	5 000	−17 000
Total Assets	11 146 000	44 354 000	52 360 000	27 000
Total Equity	−98 070 000	−13 941 000	30 000	17 000

Income (NOK)	2021	2020	2019	2018
Revenue	320 047 000	478 191 000	200 819 000	0
Expenditure	404 654 000	491 543 000	200 915 000	23 000
Operating Profit	−84 607 000	−13 352 000	−96 000	−23 000
Financial Income	481 000	86 000	193 000	0
Financial Costs	3 000	705 000	94 000	0
Financial Balance	478 000	−619 000	99 000	0
Earnings Before Tax	−84 129 000	−13 971 000	3 000	−22 000
Tax	0	0	−2 000	−5 000
Net Income	−84 129 000	−13 971 000	5 000	−17 000

Balance (NOK)	2021	2020	2019	2018
Total Fixed Assets	0	0	0	0
Total Current Assets	11 146 000	44 354 000	52 360 000	27 000
Total Assets	11 146 000	44 354 000	52 360 000	27 000
Total Retained Equity	−98 100 000	−13 971 000	0	−30 000
Total Equity	−98 070 000	−13 941 000	30 000	17 000
Total Long-Term Debt	0	0	0	0
Total Current Debt	109 216 000	58 295 000	52 330 000	10 000
Total Equity and Debt	11 146 000	44 354 000	52 360 000	27 000

Cash flow (NOK)	2021	2020	2019	2018
Sales Income	320 047 000	478 191 000	200 819 000	0
Other Income	0	0	0	0
Revenue	320 047 000	478 191 000	200 819 000	0
Cost of Goods Sold	399 959 000	488 047 000	198 158 000	0
Salary Costs	1 339 000	3 220 000	1 420 000	0
Depreciation	0	0	0	0
Impairment	0	0	0	0
Expenditure	404 654 000	491 543 000	200 915 000	23 000
Operating Profit	−84 607 000	−13 352 000	−96 000	−23 000
Financial Income	481 000	86 000	193 000	0
Financial Costs	3 000	705 000	94 000	0
Financial Balance	478 000	−619 000	99 000	0
Dividends	0	0	0	0
Net Income	−84 129 000	−13 971 000	5 000	−17 000

Balance details (NOK)	2021	2020	2019	2018
Goodwill	0	0	0	0
Total Intangible Assets	0	0	0	0
Real Eastate	0	0	0	0
Machinery and Plant Facilities	0	0	0	0
Fixtures	0	0	0	0
Total Tangible Assets	0	0	0	0
Total Fiancial Fixed Assets	0	0	0	0
Total Fixed Assets	0	0	0	0
Stock	0	3 967 000	12 400 000	0
Total Investments	0	0	0	0
Cash, Bank	2 638 000	6 622 000	12 764 000	5 000
Total Current Assets	11 146 000	44 354 000	52 360 000	27 000
Total Assets	11 146 000	44 354 000	52 360 000	27 000
Total Equity	−98 070 000	−13 941 000	30 000	17 000
Short-Term Group Debt	21 555 000	10 480 000	10 094 000	10 000
Total Long-Term Debt	0	0	0	0
Creditors	61 614 000	39 072 000	41 939 000	0
Unpaid Taxes	50 000	125 000	148 000	0
Dividends	0	0	0	0
Other Current Debt	25 997 000	8 618 000	150 000	0
Total Current Debt	109 216 000	58 295 000	52 330 000	10 000
Total Equity and Debt	11 146 000	44 354 000	52 360 000	27 000

Financial indicators	2021	2020	2019	2018
Return on Equity	85,78 %	100,22 %	16,67 %	−100 %
Debt-to-Equity Ratio	−0	−0	0	0
Operating Profit Margin	−26,44 %	−2,79 %	−0,05 %	-
Current Ratio	0,1	0,76	1	2,7
Quick Ratio	0,1	0,82	1,31	2,7
Equity Ratio	−8,8	−0,31	0	0,63
Gross Profit Margin	−24,97 %	−2,06 %	1,33 %	-