AVANCE & GLOBSHIP

5004 BERGEN

Finances

Share Ownership

Return on Equity

21,65 %

Current Ratio

1,22

Debt-to-Equity Ratio

−1,05

Key figures (NOK)	2012	2011	2010	2009
Revenue	22 000	96 000	0	0
Net Income	−221 000	−251 000	−312 000	−146 000
Total Assets	132 000	0	128 000	242 000
Total Equity	−1 021 000	−800 000	−549 000	−236 000

Income (NOK)	2012	2011	2010	2009
Revenue	22 000	96 000	0	0
Expenditure	298 000	348 000	212 000	205 000
Operating Profit	−276 000	−251 000	−213 000	−205 000
Financial Income	55 000	0	1 000	3 000
Financial Costs	0	0	0	2 000
Financial Balance	55 000	0	1 000	1 000
Earnings Before Tax	−221 000	−251 000	−212 000	−203 000
Tax	0	0	100 000	−57 000
Net Income	−221 000	−251 000	−312 000	−146 000

Balance (NOK)	2012	2011	2010	2009
Total Fixed Assets	34 000	42 000	53 000	166 000
Total Current Assets	99 000	76 000	75 000	76 000
Total Assets	132 000	0	128 000	242 000
Total Retained Equity	−1 021 000	−800 000	−549 000	−236 000
Total Equity	−1 021 000	−800 000	−549 000	−236 000
Total Long-Term Debt	1 073 000	918 000	676 000	478 000
Total Current Debt	81 000	0	0	0
Total Equity and Debt	132 000	0	128 000	242 000

Cash flow (NOK)	2012	2011	2010	2009
Sales Income	22 000	0	0	0
Other Income	0	96 000	0	0
Revenue	22 000	96 000	0	0
Cost of Goods Sold	0	0	0	0
Salary Costs	0	0	0	0
Depreciation	8 000	11 000	13 000	17 000
Impairment	0	0	0	0
Expenditure	298 000	348 000	212 000	205 000
Operating Profit	−276 000	−251 000	−213 000	−205 000
Financial Income	55 000	0	1 000	3 000
Financial Costs	0	0	0	2 000
Financial Balance	55 000	0	1 000	1 000
Dividends	0	0	0	0
Net Income	−221 000	−251 000	−312 000	−146 000

Balance details (NOK)	2012	2011	2010	2009
Goodwill	0	0	0	0
Total Intangible Assets	0	0	0	100 000
Real Eastate	0	0	0	0
Machinery and Plant Facilities	0	0	0	0
Fixtures	34 000	42 000	53 000	66 000
Total Tangible Assets	34 000	42 000	53 000	66 000
Total Fiancial Fixed Assets	0	0	0	0
Total Fixed Assets	34 000	42 000	53 000	166 000
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	83 000	76 000	75 000	76 000
Total Current Assets	99 000	76 000	75 000	76 000
Total Assets	132 000	0	128 000	242 000
Total Equity	−1 021 000	−800 000	−549 000	−236 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	1 073 000	918 000	676 000	478 000
Creditors	81 000	0	0	0
Unpaid Taxes	0	0	0	0
Dividends	0	0	0	0
Other Current Debt	0	0	0	0
Total Current Debt	81 000	0	0	0
Total Equity and Debt	132 000	0	128 000	242 000

Financial indicators	2012	2011	2010	2009
Return on Equity	21,65 %	31,38 %	56,83 %	61,86 %
Debt-to-Equity Ratio	−1,05	−1,15	−1,23	−2,03
Operating Profit Margin	−1 254,55 %	−261,46 %	-	-
Current Ratio	1,22	-	-	-
Quick Ratio	1,22	-	-	-
Equity Ratio	−7,73	-	−4,29	−0,98
Gross Profit Margin	100 %	100 %	-	-