OFFSHORE HEAVY CUBE SOLUTIONS AS

4073 RANDABERG

Finances

Return on Equity

10,53 %

Current Ratio

0,36

Debt-to-Equity Ratio

−7,56

Key figures (NOK)	2022	2021	2020	2019
Revenue	20 000	0	0	0
Net Income	−6 000	−23 000	−17 000	−14 000
Total Assets	440 000	420 000	420 000	420 000
Total Equity	−57 000	−51 000	−28 000	−11 000

Income (NOK)	2022	2021	2020	2019
Revenue	20 000	0	0	0
Expenditure	26 000	23 000	17 000	14 000
Operating Profit	−6 000	−23 000	−17 000	−14 000
Financial Income	0	0	0	0
Financial Costs	0	0	0	0
Financial Balance	0	0	0	0
Earnings Before Tax	−6 000	−23 000	−17 000	−14 000
Tax	0	0	0	0
Net Income	−6 000	−23 000	−17 000	−14 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	416 000	416 000	416 000	416 000
Total Current Assets	24 000	4 000	4 000	5 000
Total Assets	440 000	420 000	420 000	420 000
Total Retained Equity	−87 000	−81 000	−58 000	−41 000
Total Equity	−57 000	−51 000	−28 000	−11 000
Total Long-Term Debt	431 000	431 000	431 000	431 000
Total Current Debt	66 000	40 000	17 000	0
Total Equity and Debt	440 000	420 000	420 000	420 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	0	0	0	0
Other Income	20 000	0	0	0
Revenue	20 000	0	0	0
Cost of Goods Sold	0	0	0	0
Salary Costs	0	0	0	0
Depreciation	0	0	0	0
Impairment	0	0	0	0
Expenditure	26 000	23 000	17 000	14 000
Operating Profit	−6 000	−23 000	−17 000	−14 000
Financial Income	0	0	0	0
Financial Costs	0	0	0	0
Financial Balance	0	0	0	0
Dividends	0	0	0	0
Net Income	−6 000	−23 000	−17 000	−14 000

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	0	0	0	0
Total Fiancial Fixed Assets	416 000	416 000	416 000	416 000
Total Fixed Assets	416 000	416 000	416 000	416 000
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	4 000	4 000	4 000	4 000
Total Current Assets	24 000	4 000	4 000	5 000
Total Assets	440 000	420 000	420 000	420 000
Total Equity	−57 000	−51 000	−28 000	−11 000
Short-Term Group Debt	62 000	40 000	17 000	0
Total Long-Term Debt	431 000	431 000	431 000	431 000
Creditors	4 000	0	0	0
Unpaid Taxes	0	0	0	0
Dividends	0	0	0	0
Other Current Debt	0	0	0	0
Total Current Debt	66 000	40 000	17 000	0
Total Equity and Debt	440 000	420 000	420 000	420 000

Financial indicators	2022	2021	2020	2019
Return on Equity	10,53 %	45,1 %	60,71 %	127,27 %
Debt-to-Equity Ratio	−7,56	−8,45	−15,39	−39,18
Operating Profit Margin	−30 %	-	-	-
Current Ratio	0,36	0,1	0,24	-
Quick Ratio	0,36	0,1	0,24	-
Equity Ratio	−0,13	−0,12	−0,07	−0,03
Gross Profit Margin	100 %	-	-	-