SKAGERAK BILPARTNER AS

3735 SKIEN

Finances

Share Ownership

Return on Equity

−5,11 %

Current Ratio

1,29

Debt-to-Equity Ratio

3,48

Key figures (NOK)	2017	2016	2015	2014
Revenue	24 037 000	15 938 000	440 000	250 000
Net Income	−58 000	1 443 000	−3 000	34 000
Total Assets	11 868 000	7 358 000	5 132 000	219 000
Total Equity	1 135 000	1 193 000	49 000	52 000

Income (NOK)	2017	2016	2015	2014
Revenue	24 037 000	15 938 000	440 000	250 000
Expenditure	23 860 000	13 967 000	443 000	207 000
Operating Profit	176 000	1 972 000	−3 000	42 000
Financial Income	0	21 000	0	0
Financial Costs	249 000	70 000	0	0
Financial Balance	−249 000	−49 000	0	0
Earnings Before Tax	−72 000	1 922 000	−3 000	42 000
Tax	−14 000	479 000	0	8 000
Net Income	−58 000	1 443 000	−3 000	34 000

Balance (NOK)	2017	2016	2015	2014
Total Fixed Assets	3 086 000	215 000	0	0
Total Current Assets	8 782 000	7 142 000	5 132 000	219 000
Total Assets	11 868 000	7 358 000	5 132 000	219 000
Total Retained Equity	1 116 000	1 174 000	31 000	34 000
Total Equity	1 135 000	1 193 000	49 000	52 000
Total Long-Term Debt	3 950 000	18 000	0	0
Total Current Debt	6 783 000	6 147 000	5 083 000	166 000
Total Equity and Debt	11 868 000	7 358 000	5 132 000	219 000

Cash flow (NOK)	2017	2016	2015	2014
Sales Income	23 583 000	17 497 000	440 000	0
Other Income	454 000	−1 559 000	0	250 000
Revenue	24 037 000	15 938 000	440 000	250 000
Cost of Goods Sold	18 236 000	10 491 000	359 000	177 000
Salary Costs	1 516 000	1 512 000	0	0
Depreciation	263 000	5 000	0	0
Impairment	0	0	0	0
Expenditure	23 860 000	13 967 000	443 000	207 000
Operating Profit	176 000	1 972 000	−3 000	42 000
Financial Income	0	21 000	0	0
Financial Costs	249 000	70 000	0	0
Financial Balance	−249 000	−49 000	0	0
Dividends	0	0	0	0
Net Income	−58 000	1 443 000	−3 000	34 000

Balance details (NOK)	2017	2016	2015	2014
Goodwill	0	0	0	0
Total Intangible Assets	0	0	0	0
Real Eastate	0	0	0	0
Machinery and Plant Facilities	2 493 000	0	0	0
Fixtures	0	215 000	0	0
Total Tangible Assets	2 493 000	215 000	0	0
Total Fiancial Fixed Assets	593 000	0	0	0
Total Fixed Assets	3 086 000	215 000	0	0
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	378 000	60 000	5 035 000	52 000
Total Current Assets	8 782 000	7 142 000	5 132 000	219 000
Total Assets	11 868 000	7 358 000	5 132 000	219 000
Total Equity	1 135 000	1 193 000	49 000	52 000
Short-Term Group Debt	340 000	400 000	5 007 000	0
Total Long-Term Debt	3 950 000	18 000	0	0
Creditors	2 717 000	1 694 000	36 000	95 000
Unpaid Taxes	758 000	398 000	4 000	20 000
Dividends	0	0	0	0
Other Current Debt	2 111 000	2 559 000	36 000	42 000
Total Current Debt	6 783 000	6 147 000	5 083 000	166 000
Total Equity and Debt	11 868 000	7 358 000	5 132 000	219 000

Financial indicators	2017	2016	2015	2014
Return on Equity	−5,11 %	120,96 %	−6,12 %	65,38 %
Debt-to-Equity Ratio	3,48	0,02	0	0
Operating Profit Margin	0,73 %	12,37 %	−0,68 %	16,8 %
Current Ratio	1,29	1,16	1,01	1,32
Quick Ratio	1,29	1,16	1,01	1,32
Equity Ratio	0,1	0,16	0,01	0,24
Gross Profit Margin	24,13 %	34,18 %	18,41 %	29,2 %