HIGH SEAS AS

3208 SANDEFJORD

Finances

Return on Equity

170,31 %

Current Ratio

2,38

Debt-to-Equity Ratio

1,07

Key figures (NOK)	2022	2021	2020	2019
Revenue	431 000	781 000	904 000	64 000
Net Income	58 310 000	−39 883 000	−153 309 000	159 092 000
Total Assets	121 982 000	62 542 000	102 792 000	372 862 000
Total Equity	34 238 000	−24 072 000	15 811 000	164 120 000

Income (NOK)	2022	2021	2020	2019
Revenue	431 000	781 000	904 000	64 000
Expenditure	331 000	458 000	1 612 000	650 000
Operating Profit	101 000	324 000	−707 000	−587 000
Financial Income	64 178 000	4 767 000	48 271 000	253 306 000
Financial Costs	5 968 000	44 974 000	200 873 000	93 627 000
Financial Balance	58 210 000	−40 207 000	−152 602 000	159 679 000
Earnings Before Tax	58 310 000	−39 883 000	−153 309 000	159 092 000
Tax	0	0	0	0
Net Income	58 310 000	−39 883 000	−153 309 000	159 092 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	625 000	2 053 000	5 259 000	5 665 000
Total Current Assets	121 358 000	60 489 000	97 533 000	367 197 000
Total Assets	121 982 000	62 542 000	102 792 000	372 862 000
Total Retained Equity	17 875 000	−40 435 000	−552 000	152 757 000
Total Equity	34 238 000	−24 072 000	15 811 000	164 120 000
Total Long-Term Debt	36 652 000	40 849 000	40 178 000	160 241 000
Total Current Debt	51 092 000	45 766 000	46 803 000	48 502 000
Total Equity and Debt	121 982 000	62 542 000	102 792 000	372 862 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	431 000	163 000	841 000	0
Other Income	0	619 000	64 000	64 000
Revenue	431 000	781 000	904 000	64 000
Cost of Goods Sold	0	0	0	0
Salary Costs	0	0	0	0
Depreciation	0	0	0	0
Impairment	0	0	0	0
Expenditure	331 000	458 000	1 612 000	650 000
Operating Profit	101 000	324 000	−707 000	−587 000
Financial Income	64 178 000	4 767 000	48 271 000	253 306 000
Financial Costs	5 968 000	44 974 000	200 873 000	93 627 000
Financial Balance	58 210 000	−40 207 000	−152 602 000	159 679 000
Dividends	0	0	0	0
Net Income	58 310 000	−39 883 000	−153 309 000	159 092 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	0	0	0	0
Real Eastate	0	0	2 949 000	2 929 000
Machinery and Plant Facilities	0	0	0	0
Fixtures	605 000	605 000	863 000	863 000
Total Tangible Assets	605 000	605 000	3 812 000	3 792 000
Total Fiancial Fixed Assets	19 000	1 447 000	1 447 000	1 873 000
Total Fixed Assets	625 000	2 053 000	5 259 000	5 665 000
Stock	0	0	0	0
Total Investments	118 969 000	59 825 000	97 212 000	366 165 000
Cash, Bank	1 670 000	355 000	9 000	10 000
Total Current Assets	121 358 000	60 489 000	97 533 000	367 197 000
Total Assets	121 982 000	62 542 000	102 792 000	372 862 000
Total Equity	34 238 000	−24 072 000	15 811 000	164 120 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	36 652 000	40 849 000	40 178 000	160 241 000
Creditors	143 000	300 000	87 000	171 000
Unpaid Taxes	0	0	0	0
Dividends	0	0	0	0
Other Current Debt	50 948 000	45 465 000	46 716 000	48 331 000
Total Current Debt	51 092 000	45 766 000	46 803 000	48 502 000
Total Equity and Debt	121 982 000	62 542 000	102 792 000	372 862 000

Financial indicators	2022	2021	2020	2019
Return on Equity	170,31 %	165,68 %	−969,64 %	96,94 %
Debt-to-Equity Ratio	1,07	−1,7	2,54	0,98
Operating Profit Margin	23,43 %	41,49 %	−78,21 %	−917,19 %
Current Ratio	2,38	1,32	2,08	7,57
Quick Ratio	2,38	1,32	2,08	7,57
Equity Ratio	0,28	−0,38	0,15	0,44
Gross Profit Margin	100 %	100 %	100 %	100 %