SPINNAKER PROPERTY AS

5105 EIDSVÅG I ÅSANE

Finances

Share Ownership

Return on Equity

82,72 %

Current Ratio

N/A

Debt-to-Equity Ratio

−9,48

Key figures (NOK)	2020	2019	2018	2017
Revenue	252 000	241 000	0	0
Net Income	−3 850 000	−733 000	−126 000	0
Total Assets	39 466 000	35 378 000	36 829 000	30 000
Total Equity	−4 654 000	−804 000	−71 000	30 000

Income (NOK)	2020	2019	2018
Revenue	252 000	241 000	0
Expenditure	494 000	122 000	232 000
Operating Profit	−241 000	118 000	−232 000
Financial Income	236 000	5 000	71 000
Financial Costs	5 173 000	821 000	0
Financial Balance	−4 937 000	−816 000	71 000
Earnings Before Tax	−5 178 000	−697 000	−161 000
Tax	−1 328 000	35 000	−35 000
Net Income	−3 850 000	−733 000	−126 000

Balance (NOK)	2020	2019	2018	2017
Total Fixed Assets	35 234 000	28 327 000	28 362 000	0
Total Current Assets	4 232 000	7 051 000	8 467 000	30 000
Total Assets	39 466 000	35 378 000	36 829 000	30 000
Total Retained Equity	−4 714 000	−864 000	−131 000	0
Total Equity	−4 654 000	−804 000	−71 000	30 000
Total Long-Term Debt	44 120 000	36 200 000	36 900 000	0
Total Current Debt	0	−18 000	0	0
Total Equity and Debt	39 466 000	35 378 000	36 829 000	30 000

Cash flow (NOK)	2020	2019	2018
Sales Income	72 000	0	0
Other Income	180 000	241 000	0
Revenue	252 000	241 000	0
Cost of Goods Sold	427 000	77 000	104 000
Salary Costs	0	0	0
Depreciation	0	0	0
Impairment	0	0	0
Expenditure	494 000	122 000	232 000
Operating Profit	−241 000	118 000	−232 000
Financial Income	236 000	5 000	71 000
Financial Costs	5 173 000	821 000	0
Financial Balance	−4 937 000	−816 000	71 000
Dividends	0	0	0
Net Income	−3 850 000	−733 000	−126 000

Balance details (NOK)	2020	2019	2018	2017
Goodwill	0	0	0	0
Total Intangible Assets	1 328 000	0	35 000	0
Real Eastate	8 000 000	11 631 000	11 631 000	0
Machinery and Plant Facilities	0	0	0	0
Fixtures	0	0	0	0
Total Tangible Assets	8 000 000	11 631 000	11 631 000	0
Total Fiancial Fixed Assets	25 906 000	16 696 000	16 696 000	0
Total Fixed Assets	35 234 000	28 327 000	28 362 000	0
Stock	0	0	0	0
Total Investments	0	−26 000	0	0
Cash, Bank	105 000	414 000	3 098 000	30 000
Total Current Assets	4 232 000	7 051 000	8 467 000	30 000
Total Assets	39 466 000	35 378 000	36 829 000	30 000
Total Equity	−4 654 000	−804 000	−71 000	30 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	44 120 000	36 200 000	36 900 000	0
Creditors	0	−18 000	0	0
Unpaid Taxes	0	0	0	0
Dividends	0	0	0	0
Other Current Debt	0	0	0	0
Total Current Debt	0	−18 000	0	0
Total Equity and Debt	39 466 000	35 378 000	36 829 000	30 000

Financial indicators	2020	2019	2018	2017
Return on Equity	82,72 %	91,17 %	177,46 %	0 %
Debt-to-Equity Ratio	−9,48	−45,02	−519,72	0
Operating Profit Margin	−95,63 %	48,96 %	-	-
Current Ratio	-	−391,72	-	-
Quick Ratio	-	−391,72	-	-
Equity Ratio	−0,12	−0,02	−0	1
Gross Profit Margin	−69,44 %	68,05 %	-	-