VANE OCEAN TECHNOLOGIES AS

2005 RÆLINGEN

Finances

Share Ownership

Return on Equity

−14,24 %

Current Ratio

1,5

Debt-to-Equity Ratio

Key figures (NOK)	2022	2021	2020	2019
Revenue	938 000	703 000	301 000	227 000
Net Income	−289 000	142 000	−96 000	131 000
Total Assets	2 225 000	2 323 000	1 701 000	951 000
Total Equity	2 030 000	155 000	13 000	110 000

Income (NOK)	2022	2021	2020	2019
Revenue	938 000	703 000	301 000	227 000
Expenditure	1 217 000	559 000	396 000	95 000
Operating Profit	−279 000	144 000	−95 000	131 000
Financial Income	5 000	1 000	2 000	0
Financial Costs	15 000	3 000	3 000	0
Financial Balance	−10 000	−2 000	−1 000	0
Earnings Before Tax	−289 000	142 000	−96 000	131 000
Tax	0	0	0	0
Net Income	−289 000	142 000	−96 000	131 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	1 933 000	1 626 000	1 350 000	616 000
Total Current Assets	293 000	697 000	351 000	335 000
Total Assets	2 225 000	2 323 000	1 701 000	951 000
Total Retained Equity	−164 000	125 000	−17 000	85 000
Total Equity	2 030 000	155 000	13 000	110 000
Total Long-Term Debt	0	2 015 000	1 595 000	815 000
Total Current Debt	195 000	154 000	93 000	26 000
Total Equity and Debt	2 225 000	2 323 000	1 701 000	951 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	689 000	501 000	5 000	100 000
Other Income	249 000	201 000	297 000	127 000
Revenue	938 000	703 000	301 000	227 000
Cost of Goods Sold	246 000	0	21 000	0
Salary Costs	372 000	222 000	0	0
Depreciation	383 000	246 000	188 000	3 000
Impairment	0	0	0	0
Expenditure	1 217 000	559 000	396 000	95 000
Operating Profit	−279 000	144 000	−95 000	131 000
Financial Income	5 000	1 000	2 000	0
Financial Costs	15 000	3 000	3 000	0
Financial Balance	−10 000	−2 000	−1 000	0
Dividends	0	0	0	0
Net Income	−289 000	142 000	−96 000	131 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	1 834 000	1 470 000	1 156 000	557 000
Real Eastate	0	0	0	0
Machinery and Plant Facilities	86 000	131 000	174 000	59 000
Fixtures	12 000	25 000	19 000	0
Total Tangible Assets	98 000	156 000	193 000	59 000
Total Fiancial Fixed Assets	0	0	0	0
Total Fixed Assets	1 933 000	1 626 000	1 350 000	616 000
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	215 000	266 000	17 000	176 000
Total Current Assets	293 000	697 000	351 000	335 000
Total Assets	2 225 000	2 323 000	1 701 000	951 000
Total Equity	2 030 000	155 000	13 000	110 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	0	2 015 000	1 595 000	815 000
Creditors	361 000	53 000	86 000	25 000
Unpaid Taxes	51 000	72 000	7 000	0
Dividends	0	0	0	0
Other Current Debt	59 000	29 000	0	1 000
Total Current Debt	195 000	154 000	93 000	26 000
Total Equity and Debt	2 225 000	2 323 000	1 701 000	951 000

Financial indicators	2022	2021	2020	2019
Return on Equity	−14,24 %	91,61 %	−738,46 %	119,09 %
Debt-to-Equity Ratio	0	13	122,69	7,41
Operating Profit Margin	−29,74 %	20,48 %	−31,56 %	57,71 %
Current Ratio	1,5	4,53	3,77	12,88
Quick Ratio	1,5	4,53	3,77	12,88
Equity Ratio	0,91	0,07	0,01	0,12
Gross Profit Margin	73,77 %	100 %	93,02 %	100 %