RENOCEAN AS

6522 FREI

Finances

Share Ownership

Return on Equity

−18,84 %

Current Ratio

1,05

Debt-to-Equity Ratio

Key figures (NOK)	2021	2020	2019	2018
Revenue	27 556 000	60 812 000	2 745 000	0
Net Income	−176 000	1 474 000	89 000	−1 000
Total Assets	14 237 000	48 564 000	1 672 000	21 000
Total Equity	934 000	1 110 000	111 000	21 000

Income (NOK)	2021	2020	2019	2018
Revenue	27 556 000	60 812 000	2 745 000	0
Expenditure	27 236 000	58 924 000	2 631 000	1 000
Operating Profit	320 000	1 888 000	113 000	−1 000
Financial Income	64 000	3 000	1 000	0
Financial Costs	593 000	2 000	0	0
Financial Balance	−529 000	1 000	1 000	0
Earnings Before Tax	−209 000	1 890 000	114 000	−1 000
Tax	−32 000	416 000	25 000	0
Net Income	−176 000	1 474 000	89 000	−1 000

Balance (NOK)	2021	2020	2019	2018
Total Fixed Assets	252 000	56 000	70 000	0
Total Current Assets	13 985 000	48 508 000	1 602 000	21 000
Total Assets	14 237 000	48 564 000	1 672 000	21 000
Total Retained Equity	−89 000	87 000	88 000	−1 000
Total Equity	934 000	1 110 000	111 000	21 000
Total Long-Term Debt	0	0	0	0
Total Current Debt	13 303 000	47 454 000	1 561 000	0
Total Equity and Debt	14 237 000	48 564 000	1 672 000	21 000

Cash flow (NOK)	2021	2020	2019	2018
Sales Income	27 556 000	60 812 000	2 745 000	0
Other Income	0	0	0	0
Revenue	27 556 000	60 812 000	2 745 000	0
Cost of Goods Sold	21 224 000	55 284 000	2 280 000	0
Salary Costs	3 408 000	1 492 000	21 000	0
Depreciation	17 000	14 000	0	0
Impairment	0	0	0	0
Expenditure	27 236 000	58 924 000	2 631 000	1 000
Operating Profit	320 000	1 888 000	113 000	−1 000
Financial Income	64 000	3 000	1 000	0
Financial Costs	593 000	2 000	0	0
Financial Balance	−529 000	1 000	1 000	0
Dividends	0	0	0	0
Net Income	−176 000	1 474 000	89 000	−1 000

Balance details (NOK)	2021	2020	2019	2018
Goodwill	0	0	0	0
Total Intangible Assets	75 000	56 000	70 000	0
Real Eastate	0	0	0	0
Machinery and Plant Facilities	0	0	0	0
Fixtures	177 000	0	0	0
Total Tangible Assets	177 000	0	0	0
Total Fiancial Fixed Assets	0	0	0	0
Total Fixed Assets	252 000	56 000	70 000	0
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	165 000	98 000	224 000	0
Total Current Assets	13 985 000	48 508 000	1 602 000	21 000
Total Assets	14 237 000	48 564 000	1 672 000	21 000
Total Equity	934 000	1 110 000	111 000	21 000
Short-Term Group Debt	0	890 000	0	0
Total Long-Term Debt	0	0	0	0
Creditors	6 814 000	43 729 000	1 447 000	0
Unpaid Taxes	552 000	94 000	12 000	0
Dividends	0	0	0	0
Other Current Debt	978 000	2 741 000	77 000	0
Total Current Debt	13 303 000	47 454 000	1 561 000	0
Total Equity and Debt	14 237 000	48 564 000	1 672 000	21 000

Financial indicators	2021	2020	2019	2018
Return on Equity	−18,84 %	132,79 %	80,18 %	−4,76 %
Debt-to-Equity Ratio	0	0	0	0
Operating Profit Margin	1,16 %	3,1 %	4,12 %	-
Current Ratio	1,05	1,02	1,03	-
Quick Ratio	1,05	1,02	1,03	-
Equity Ratio	0,07	0,02	0,07	1
Gross Profit Margin	22,98 %	9,09 %	16,94 %	-