SKAGERAK GROUP AS

3735 SKIEN

Finances

Share Ownership

Return on Equity

151,2 %

Current Ratio

0,41

Debt-to-Equity Ratio

−1,2

Key figures (NOK)	2017	2016	2015
Revenue	1 847 000	0	0
Net Income	−2 584 000	97 000	−36 000
Total Assets	7 212 000	2 633 000	5 546 000
Total Equity	−1 709 000	111 000	14 000

Income (NOK)	2017	2016	2015
Revenue	1 847 000	0	0
Expenditure	4 303 000	56 000	8 000
Operating Profit	−2 456 000	−56 000	−8 000
Financial Income	−30 000	400 000	0
Financial Costs	99 000	227 000	28 000
Financial Balance	−129 000	173 000	−28 000
Earnings Before Tax	−2 584 000	117 000	−36 000
Tax	0	20 000	0
Net Income	−2 584 000	97 000	−36 000

Balance (NOK)	2017	2016	2015
Total Fixed Assets	4 364 000	1 825 000	5 253 000
Total Current Assets	2 848 000	809 000	292 000
Total Assets	7 212 000	2 633 000	5 546 000
Total Retained Equity	−3 481 000	61 000	−36 000
Total Equity	−1 709 000	111 000	14 000
Total Long-Term Debt	2 046 000	1 630 000	5 000 000
Total Current Debt	6 875 000	892 000	531 000
Total Equity and Debt	7 212 000	2 633 000	5 546 000

Cash flow (NOK)	2017	2016	2015
Sales Income	1 847 000	0	0
Other Income	0	0	0
Revenue	1 847 000	0	0
Cost of Goods Sold	6 000	0	0
Salary Costs	3 766 000	26 000	0
Depreciation	0	0	0
Impairment	0	0	0
Expenditure	4 303 000	56 000	8 000
Operating Profit	−2 456 000	−56 000	−8 000
Financial Income	−30 000	400 000	0
Financial Costs	99 000	227 000	28 000
Financial Balance	−129 000	173 000	−28 000
Dividends	0	0	0
Net Income	−2 584 000	97 000	−36 000

Balance details (NOK)	2017	2016	2015
Goodwill	0	0	0
Total Intangible Assets	0	0	0
Real Eastate	0	0	0
Machinery and Plant Facilities	0	0	0
Fixtures	0	0	0
Total Tangible Assets	985 000	0	0
Total Fiancial Fixed Assets	3 379 000	1 825 000	5 253 000
Total Fixed Assets	4 364 000	1 825 000	5 253 000
Stock	0	0	0
Total Investments	0	0	0
Cash, Bank	2 361 000	409 000	10 000
Total Current Assets	2 848 000	809 000	292 000
Total Assets	7 212 000	2 633 000	5 546 000
Total Equity	−1 709 000	111 000	14 000
Short-Term Group Debt	3 767 000	700 000	0
Total Long-Term Debt	2 046 000	1 630 000	5 000 000
Creditors	159 000	2 000	0
Unpaid Taxes	492 000	0	0
Dividends	0	0	0
Other Current Debt	2 458 000	169 000	531 000
Total Current Debt	6 875 000	892 000	531 000
Total Equity and Debt	7 212 000	2 633 000	5 546 000

Financial indicators	2017	2016	2015
Return on Equity	151,2 %	87,39 %	−257,14 %
Debt-to-Equity Ratio	−1,2	14,68	357,14
Operating Profit Margin	−132,97 %	-	-
Current Ratio	0,41	0,91	0,55
Quick Ratio	0,41	0,91	0,55
Equity Ratio	−0,24	0,04	0
Gross Profit Margin	99,68 %	-	-