PHRONTESEAS AS

4012 STAVANGER

Finances

Share Ownership

Return on Equity

1 444,61 %

Current Ratio

1,03

Debt-to-Equity Ratio

Key figures (NOK)	2022	2021	2020
Revenue	116 508 000	839 000	0
Net Income	16 353 000	−524 000	−6 000
Total Assets	34 780 000	1 128 000	30 000
Total Equity	1 132 000	379 000	24 000

Income (NOK)	2022	2021	2020
Revenue	116 508 000	839 000	0
Expenditure	95 470 000	1 362 000	6 000
Operating Profit	21 038 000	−523 000	−6 000
Financial Income	4 692 000	0	0
Financial Costs	4 865 000	1 000	0
Financial Balance	−173 000	−1 000	0
Earnings Before Tax	20 865 000	−524 000	−6 000
Tax	4 512 000	0	0
Net Income	16 353 000	−524 000	−6 000

Balance (NOK)	2022	2021	2020
Total Fixed Assets	66 000	30 000	0
Total Current Assets	34 714 000	1 098 000	30 000
Total Assets	34 780 000	1 128 000	30 000
Total Retained Equity	824 000	−529 000	−6 000
Total Equity	1 132 000	379 000	24 000
Total Long-Term Debt	0	0	0
Total Current Debt	33 648 000	749 000	6 000
Total Equity and Debt	34 780 000	1 128 000	30 000

Cash flow (NOK)	2022	2021	2020
Sales Income	116 508 000	839 000	0
Other Income	0	0	0
Revenue	116 508 000	839 000	0
Cost of Goods Sold	70 547 000	587 000	0
Salary Costs	16 582 000	376 000	0
Depreciation	6 000	0	0
Impairment	0	0	0
Expenditure	95 470 000	1 362 000	6 000
Operating Profit	21 038 000	−523 000	−6 000
Financial Income	4 692 000	0	0
Financial Costs	4 865 000	1 000	0
Financial Balance	−173 000	−1 000	0
Dividends	15 000 000	0	0
Net Income	16 353 000	−524 000	−6 000

Balance details (NOK)	2022	2021	2020
Goodwill	0	0	0
Total Intangible Assets	66 000	30 000	0
Real Eastate	0	0	0
Machinery and Plant Facilities	0	0	0
Fixtures	0	0	0
Total Tangible Assets	0	0	0
Total Fiancial Fixed Assets	0	0	0
Total Fixed Assets	66 000	30 000	0
Stock	0	0	0
Total Investments	0	0	0
Cash, Bank	20 489 000	130 000	30 000
Total Current Assets	34 714 000	1 098 000	30 000
Total Assets	34 780 000	1 128 000	30 000
Total Equity	1 132 000	379 000	24 000
Short-Term Group Debt	0	0	0
Total Long-Term Debt	0	0	0
Creditors	3 903 000	207 000	0
Unpaid Taxes	579 000	47 000	0
Dividends	15 000 000	0	0
Other Current Debt	9 612 000	494 000	6 000
Total Current Debt	33 648 000	749 000	6 000
Total Equity and Debt	34 780 000	1 128 000	30 000

Financial indicators	2022	2021	2020
Return on Equity	1 444,61 %	−138,26 %	−25 %
Debt-to-Equity Ratio	0	0	0
Operating Profit Margin	18,06 %	−62,34 %	-
Current Ratio	1,03	1,47	5
Quick Ratio	1,03	1,47	5
Equity Ratio	0,03	0,34	0,8
Gross Profit Margin	39,45 %	30,04 %	-