NORWAY OCEAN RACE GROUP AS

1383 ASKER

Finances

Share Ownership

Return on Equity

7,85 %

Current Ratio

0,06

Debt-to-Equity Ratio

−0

Key figures (NOK)	2022	2021	2020	2019
Revenue	391 000	25 000	55 000	0
Net Income	−109 000	−302 000	−316 000	−344 000
Total Assets	1 653 000	1 418 000	1 546 000	1 229 000
Total Equity	−1 389 000	−1 280 000	−978 000	−662 000

Income (NOK)	2022	2021	2020	2019
Revenue	391 000	25 000	55 000	0
Expenditure	500 000	327 000	373 000	284 000
Operating Profit	−109 000	−302 000	−317 000	−284 000
Financial Income	0	0	1 000	0
Financial Costs	0	0	0	60 000
Financial Balance	0	0	1 000	−60 000
Earnings Before Tax	−109 000	−302 000	−316 000	−344 000
Tax	0	0	0	0
Net Income	−109 000	−302 000	−316 000	−344 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	1 481 000	1 322 000	1 345 000	1 200 000
Total Current Assets	172 000	96 000	201 000	29 000
Total Assets	1 653 000	1 418 000	1 546 000	1 229 000
Total Retained Equity	−1 419 000	−1 310 000	−1 008 000	−692 000
Total Equity	−1 389 000	−1 280 000	−978 000	−662 000
Total Long-Term Debt	0	0	0	0
Total Current Debt	3 042 000	2 698 000	2 524 000	1 891 000
Total Equity and Debt	1 653 000	1 418 000	1 546 000	1 229 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	391 000	25 000	55 000	0
Other Income	0	0	0	0
Revenue	391 000	25 000	55 000	0
Cost of Goods Sold	0	0	0	0
Salary Costs	0	0	0	0
Depreciation	258 000	218 000	201 000	180 000
Impairment	0	0	0	0
Expenditure	500 000	327 000	373 000	284 000
Operating Profit	−109 000	−302 000	−317 000	−284 000
Financial Income	0	0	1 000	0
Financial Costs	0	0	0	60 000
Financial Balance	0	0	1 000	−60 000
Dividends	0	0	0	0
Net Income	−109 000	−302 000	−316 000	−344 000

Balance details (NOK)	2022	2021	2020	2019
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	1 481 000	1 322 000	1 345 000	1 200 000
Total Fiancial Fixed Assets	0	0	0	0
Total Fixed Assets	1 481 000	1 322 000	1 345 000	1 200 000
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	78 000	43 000	200 000	9 000
Total Current Assets	172 000	96 000	201 000	29 000
Total Assets	1 653 000	1 418 000	1 546 000	1 229 000
Total Equity	−1 389 000	−1 280 000	−978 000	−662 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	0	0	0	0
Creditors	0	0	28 000	84 000
Unpaid Taxes	0	0	0	0
Dividends	0	0	0	0
Other Current Debt	42 000	42 000	84 000	1 808 000
Total Current Debt	3 042 000	2 698 000	2 524 000	1 891 000
Total Equity and Debt	1 653 000	1 418 000	1 546 000	1 229 000

Financial indicators	2022	2021	2020	2019
Return on Equity	7,85 %	23,59 %	32,31 %	51,96 %
Debt-to-Equity Ratio	−0	−0	−0	−0
Operating Profit Margin	−27,88 %	−1 208 %	−576,36 %	-
Current Ratio	0,06	0,04	0,08	0,02
Quick Ratio	0,06	0,04	0,08	0,02
Equity Ratio	−0,84	−0,9	−0,63	−0,54
Gross Profit Margin	100 %	100 %	100 %	-