H2 MARINE AS

5072 BERGEN

Finances

Return on Equity

−6 903,97 %

Current Ratio

1,17

Debt-to-Equity Ratio

Key figures (NOK)	2022	2021	2020	2019
Revenue	421 000	2 550 000	0	0
Net Income	−8 699 000	−2 337 000	−1 795 000	−17 000
Total Assets	711 000	7 028 000	771 000	9 000
Total Equity	126 000	4 225 000	−1 788 000	8 000

Income (NOK)	2022	2021	2020	2019
Revenue	421 000	2 550 000	0	0
Expenditure	8 819 000	4 885 000	1 988 000	17 000
Operating Profit	−8 399 000	−2 335 000	−1 988 000	−17 000
Financial Income	0	0	0	0
Financial Costs	300 000	2 000	20 000	0
Financial Balance	−300 000	−2 000	−20 000	0
Earnings Before Tax	−8 699 000	−2 337 000	−2 008 000	−17 000
Tax	0	0	−213 000	0
Net Income	−8 699 000	−2 337 000	−1 795 000	−17 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	25 000	16 000	0	0
Total Current Assets	686 000	7 012 000	771 000	9 000
Total Assets	711 000	7 028 000	771 000	9 000
Total Retained Equity	−2 000	−4 161 000	−1 823 000	−28 000
Total Equity	126 000	4 225 000	−1 788 000	8 000
Total Long-Term Debt	0	0	0	0
Total Current Debt	585 000	2 803 000	2 559 000	1 000
Total Equity and Debt	711 000	7 028 000	771 000	9 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	0	0	0	0
Other Income	421 000	2 550 000	0	0
Revenue	421 000	2 550 000	0	0
Cost of Goods Sold	8 070 000	2 426 000	1 950 000	0
Salary Costs	0	2 000	0	0
Depreciation	0	0	0	0
Impairment	0	0	0	0
Expenditure	8 819 000	4 885 000	1 988 000	17 000
Operating Profit	−8 399 000	−2 335 000	−1 988 000	−17 000
Financial Income	0	0	0	0
Financial Costs	300 000	2 000	20 000	0
Financial Balance	−300 000	−2 000	−20 000	0
Dividends	0	0	0	0
Net Income	−8 699 000	−2 337 000	−1 795 000	−17 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	0	16 000	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	25 000	0	0	0
Total Fixed Assets	25 000	16 000	0	0
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	685 000	7 010 000	247 000	9 000
Total Current Assets	686 000	7 012 000	771 000	9 000
Total Assets	711 000	7 028 000	771 000	9 000
Total Equity	126 000	4 225 000	−1 788 000	8 000
Short-Term Group Debt	0	0	610 000	0
Total Long-Term Debt	0	0	0	0
Creditors	537 000	721 000	1 349 000	1 000
Unpaid Taxes	0	0	0	0
Dividends	0	0	0	0
Other Current Debt	48 000	2 082 000	600 000	0
Total Current Debt	585 000	2 803 000	2 559 000	1 000
Total Equity and Debt	711 000	7 028 000	771 000	9 000

Financial indicators	2022	2021	2020	2019
Return on Equity	−6 903,97 %	−55,31 %	100,39 %	−212,5 %
Debt-to-Equity Ratio	0	0	−0	0
Operating Profit Margin	−1 995,01 %	−91,57 %	-	-
Current Ratio	1,17	2,5	0,3	9
Quick Ratio	1,17	2,5	0,3	9
Equity Ratio	0,18	0,6	−2,32	0,89
Gross Profit Margin	−1 816,86 %	4,86 %	-	-