AVA OCEAN AS

6003 ÅLESUND

Finances

Share Ownership

Return on Equity

−6,82 %

Current Ratio

0,5

Debt-to-Equity Ratio

1,86

Key figures (NOK)	2022	2021	2020	2019
Revenue	14 869 000	4 495 000	350 000	1 258 000
Net Income	−6 560 000	−265 000	−200 000	161 000
Total Assets	332 522 000	113 256 000	3 826 000	3 076 000
Total Equity	96 145 000	72 705 000	120 000	321 000

Income (NOK)	2022	2021	2020	2019
Revenue	14 869 000	4 495 000	350 000	1 258 000
Expenditure	23 492 000	2 767 000	346 000	1 050 000
Operating Profit	−8 622 000	1 728 000	4 000	207 000
Financial Income	49 000	2 000	0	0
Financial Costs	270 000	2 284 000	260 000	0
Financial Balance	−221 000	−2 282 000	−260 000	0
Earnings Before Tax	−8 844 000	−555 000	−257 000	207 000
Tax	−2 283 000	−290 000	−56 000	46 000
Net Income	−6 560 000	−265 000	−200 000	161 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	303 526 000	102 012 000	3 549 000	2 571 000
Total Current Assets	28 996 000	11 244 000	277 000	505 000
Total Assets	332 522 000	113 256 000	3 826 000	3 076 000
Total Retained Equity	−6 805 000	−245 000	20 000	221 000
Total Equity	96 145 000	72 705 000	120 000	321 000
Total Long-Term Debt	178 572 000	29 100 000	0	0
Total Current Debt	57 805 000	11 451 000	3 705 000	2 755 000
Total Equity and Debt	332 522 000	113 256 000	3 826 000	3 076 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	207 000	227 000	350 000	1 258 000
Other Income	14 662 000	4 268 000	0	0
Revenue	14 869 000	4 495 000	350 000	1 258 000
Cost of Goods Sold	0	0	0	124 000
Salary Costs	9 226 000	178 000	0	159 000
Depreciation	55 000	5 000	0	0
Impairment	0	0	0	0
Expenditure	23 492 000	2 767 000	346 000	1 050 000
Operating Profit	−8 622 000	1 728 000	4 000	207 000
Financial Income	49 000	2 000	0	0
Financial Costs	270 000	2 284 000	260 000	0
Financial Balance	−221 000	−2 282 000	−260 000	0
Dividends	0	0	0	0
Net Income	−6 560 000	−265 000	−200 000	161 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	14 950 000	8 694 000	3 549 000	2 571 000
Real Eastate	0	0	0	0
Machinery and Plant Facilities	0	0	0	0
Fixtures	495 000	40 000	0	0
Total Tangible Assets	288 576 000	93 318 000	0	0
Total Fiancial Fixed Assets	0	0	0	0
Total Fixed Assets	303 526 000	102 012 000	3 549 000	2 571 000
Stock	3 596 000	860 000	0	0
Total Investments	0	0	0	0
Cash, Bank	14 409 000	6 434 000	18 000	472 000
Total Current Assets	28 996 000	11 244 000	277 000	505 000
Total Assets	332 522 000	113 256 000	3 826 000	3 076 000
Total Equity	96 145 000	72 705 000	120 000	321 000
Short-Term Group Debt	18 603 000	0	0	0
Total Long-Term Debt	178 572 000	29 100 000	0	0
Creditors	28 774 000	4 335 000	746 000	226 000
Unpaid Taxes	1 225 000	381 000	4 000	8 000
Dividends	0	0	0	0
Other Current Debt	9 203 000	6 736 000	2 935 000	2 475 000
Total Current Debt	57 805 000	11 451 000	3 705 000	2 755 000
Total Equity and Debt	332 522 000	113 256 000	3 826 000	3 076 000

Financial indicators	2022	2021	2020	2019
Return on Equity	−6,82 %	−0,36 %	−166,67 %	50,16 %
Debt-to-Equity Ratio	1,86	0,4	0	0
Operating Profit Margin	−57,99 %	38,44 %	1,14 %	16,45 %
Current Ratio	0,5	0,98	0,07	0,18
Quick Ratio	0,53	1,06	0,07	0,18
Equity Ratio	0,29	0,64	0,03	0,1
Gross Profit Margin	100 %	100 %	100 %	90,14 %