HORIZON MARITIME OFFSHORE AS

6393 TOMREFJORD

Finances

Share Ownership

Return on Equity

57,31 %

Current Ratio

0,02

Debt-to-Equity Ratio

−0

Key figures (NOK)	2021	2020	2019
Revenue	72 863 000	61 436 000	60 921 000
Net Income	−198 577 000	−93 202 000	−54 732 000
Total Assets	357 511 000	365 226 000	410 474 000
Total Equity	−346 471 000	−147 894 000	−54 693 000

Income (NOK)	2021	2020	2019
Revenue	72 863 000	61 436 000	60 921 000
Expenditure	90 876 000	101 063 000	70 067 000
Operating Profit	−18 014 000	−39 627 000	−9 145 000
Financial Income	2 314 000	21 299 000	665 000
Financial Costs	182 876 000	74 873 000	46 252 000
Financial Balance	−180 562 000	−53 574 000	−45 587 000
Earnings Before Tax	−198 577 000	−93 202 000	−54 732 000
Tax	0	0	0
Net Income	−198 577 000	−93 202 000	−54 732 000

Balance (NOK)	2021	2020	2019
Total Fixed Assets	343 178 000	359 972 000	383 736 000
Total Current Assets	14 333 000	5 254 000	26 738 000
Total Assets	357 511 000	365 226 000	410 474 000
Total Retained Equity	−346 511 000	−147 934 000	−54 732 000
Total Equity	−346 471 000	−147 894 000	−54 693 000
Total Long-Term Debt	0	0	0
Total Current Debt	703 983 000	513 120 000	465 166 000
Total Equity and Debt	357 511 000	365 226 000	410 474 000

Cash flow (NOK)	2021	2020	2019
Sales Income	70 420 000	60 948 000	60 944 000
Other Income	2 443 000	488 000	−23 000
Revenue	72 863 000	61 436 000	60 921 000
Cost of Goods Sold	27 789 000	32 280 000	24 355 000
Salary Costs	33 389 000	35 287 000	23 649 000
Depreciation	19 503 000	23 805 000	13 465 000
Impairment	0	0	0
Expenditure	90 876 000	101 063 000	70 067 000
Operating Profit	−18 014 000	−39 627 000	−9 145 000
Financial Income	2 314 000	21 299 000	665 000
Financial Costs	182 876 000	74 873 000	46 252 000
Financial Balance	−180 562 000	−53 574 000	−45 587 000
Dividends	0	0	0
Net Income	−198 577 000	−93 202 000	−54 732 000

Balance details (NOK)	2021	2020	2019
Goodwill	0	0	0
Total Intangible Assets	0	0	0
Real Eastate	0	0	0
Machinery and Plant Facilities	0	0	0
Fixtures	126 000	405 000	685 000
Total Tangible Assets	343 178 000	359 972 000	383 736 000
Total Fiancial Fixed Assets	0	0	0
Total Fixed Assets	343 178 000	359 972 000	383 736 000
Stock	1 973 000	1 339 000	2 425 000
Total Investments	0	0	0
Cash, Bank	1 141 000	221 000	7 979 000
Total Current Assets	14 333 000	5 254 000	26 738 000
Total Assets	357 511 000	365 226 000	410 474 000
Total Equity	−346 471 000	−147 894 000	−54 693 000
Short-Term Group Debt	0	0	0
Total Long-Term Debt	0	0	0
Creditors	7 675 000	2 420 000	9 138 000
Unpaid Taxes	194 000	187 000	225 000
Dividends	0	0	0
Other Current Debt	696 113 000	510 512 000	455 803 000
Total Current Debt	703 983 000	513 120 000	465 166 000
Total Equity and Debt	357 511 000	365 226 000	410 474 000

Financial indicators	2021	2020	2019
Return on Equity	57,31 %	63,02 %	100,07 %
Debt-to-Equity Ratio	−0	−0	−0
Operating Profit Margin	−24,72 %	−64,5 %	−15,01 %
Current Ratio	0,02	0,01	0,06
Quick Ratio	0,02	0,01	0,06
Equity Ratio	−0,97	−0,4	−0,13
Gross Profit Margin	61,86 %	47,46 %	60,02 %