ELEVATE OCEAN AS

5006 BERGEN

Finances

Return on Equity

−78,23 %

Current Ratio

5,28

Debt-to-Equity Ratio

Key figures (NOK)	2022	2021	2020
Revenue	598 000	212 000	400 000
Net Income	−478 000	−230 000	372 000
Total Assets	753 000	344 000	395 000
Total Equity	611 000	266 000	386 000

Income (NOK)	2022	2021	2020
Revenue	598 000	212 000	400 000
Expenditure	1 075 000	432 000	28 000
Operating Profit	−477 000	−220 000	372 000
Financial Income	0	0	0
Financial Costs	1 000	10 000	0
Financial Balance	−1 000	−10 000	0
Earnings Before Tax	−478 000	−230 000	372 000
Tax	0	0	0
Net Income	−478 000	−230 000	372 000

Balance (NOK)	2022	2021	2020
Total Fixed Assets	4 000	4 000	0
Total Current Assets	750 000	340 000	395 000
Total Assets	753 000	344 000	395 000
Total Retained Equity	−342 000	141 000	356 000
Total Equity	611 000	266 000	386 000
Total Long-Term Debt	0	0	0
Total Current Debt	142 000	78 000	9 000
Total Equity and Debt	753 000	344 000	395 000

Cash flow (NOK)	2022	2021	2020
Sales Income	6 000	253 000	0
Other Income	592 000	−41 000	400 000
Revenue	598 000	212 000	400 000
Cost of Goods Sold	8 000	31 000	0
Salary Costs	528 000	4 000	0
Depreciation	0	27 000	0
Impairment	0	0	0
Expenditure	1 075 000	432 000	28 000
Operating Profit	−477 000	−220 000	372 000
Financial Income	0	0	0
Financial Costs	1 000	10 000	0
Financial Balance	−1 000	−10 000	0
Dividends	0	0	0
Net Income	−478 000	−230 000	372 000

Balance details (NOK)	2022	2021	2020
Goodwill	0	0	0
Total Intangible Assets	0	0	0
Real Eastate	0	0	0
Machinery and Plant Facilities	0	0	0
Fixtures	0	0	0
Total Tangible Assets	0	0	0
Total Fiancial Fixed Assets	4 000	4 000	0
Total Fixed Assets	4 000	4 000	0
Stock	0	0	0
Total Investments	0	0	0
Cash, Bank	710 000	95 000	395 000
Total Current Assets	750 000	340 000	395 000
Total Assets	753 000	344 000	395 000
Total Equity	611 000	266 000	386 000
Short-Term Group Debt	0	0	0
Total Long-Term Debt	0	0	0
Creditors	42 000	39 000	9 000
Unpaid Taxes	53 000	39 000	0
Dividends	0	0	0
Other Current Debt	47 000	0	0
Total Current Debt	142 000	78 000	9 000
Total Equity and Debt	753 000	344 000	395 000

Financial indicators	2022	2021	2020
Return on Equity	−78,23 %	−86,47 %	96,37 %
Debt-to-Equity Ratio	0	0	0
Operating Profit Margin	−79,77 %	−103,77 %	93 %
Current Ratio	5,28	4,36	43,89
Quick Ratio	5,28	4,36	43,89
Equity Ratio	0,81	0,77	0,98
Gross Profit Margin	98,66 %	85,38 %	100 %