GULEN MARINE FARM AS

5977 ÅNNELAND

Finances

Share Ownership

Return on Equity

25,45 %

Current Ratio

5,32

Debt-to-Equity Ratio

Key figures (NOK)	2022	2021	2020	2019
Revenue	60 000	60 000	60 000	60 000
Net Income	28 000	26 000	27 000	23 000
Total Assets	135 000	102 000	77 000	53 000
Total Equity	110 000	82 000	56 000	29 000

Income (NOK)	2022	2021	2020	2019
Revenue	60 000	60 000	60 000	60 000
Expenditure	32 000	35 000	34 000	36 000
Operating Profit	28 000	25 000	26 000	23 000
Financial Income	0	1 000	2 000	0
Financial Costs	0	0	0	0
Financial Balance	0	1 000	2 000	0
Earnings Before Tax	28 000	26 000	27 000	23 000
Tax	0	0	0	0
Net Income	28 000	26 000	27 000	23 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	2 000	10 000	18 000	27 000
Total Current Assets	133 000	92 000	59 000	26 000
Total Assets	135 000	102 000	77 000	53 000
Total Retained Equity	−90 000	−118 000	−144 000	−171 000
Total Equity	110 000	82 000	56 000	29 000
Total Long-Term Debt	0	0	0	0
Total Current Debt	25 000	20 000	21 000	24 000
Total Equity and Debt	135 000	102 000	77 000	53 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	0	0	0	0
Other Income	60 000	60 000	60 000	60 000
Revenue	60 000	60 000	60 000	60 000
Cost of Goods Sold	0	0	0	0
Salary Costs	0	0	0	0
Depreciation	8 000	8 000	8 000	9 000
Impairment	0	0	0	0
Expenditure	32 000	35 000	34 000	36 000
Operating Profit	28 000	25 000	26 000	23 000
Financial Income	0	1 000	2 000	0
Financial Costs	0	0	0	0
Financial Balance	0	1 000	2 000	0
Dividends	0	0	0	0
Net Income	28 000	26 000	27 000	23 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	2 000	10 000	18 000	27 000
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	0	0	0	0
Total Fixed Assets	2 000	10 000	18 000	27 000
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	126 000	85 000	52 000	26 000
Total Current Assets	133 000	92 000	59 000	26 000
Total Assets	135 000	102 000	77 000	53 000
Total Equity	110 000	82 000	56 000	29 000
Short-Term Group Debt	0	0	0	10 000
Total Long-Term Debt	0	0	0	0
Creditors	13 000	8 000	9 000	3 000
Unpaid Taxes	12 000	12 000	12 000	11 000
Dividends	0	0	0	0
Other Current Debt	0	0	0	0
Total Current Debt	25 000	20 000	21 000	24 000
Total Equity and Debt	135 000	102 000	77 000	53 000

Financial indicators	2022	2021	2020	2019
Return on Equity	25,45 %	31,71 %	48,21 %	79,31 %
Debt-to-Equity Ratio	0	0	0	0
Operating Profit Margin	46,67 %	41,67 %	43,33 %	38,33 %
Current Ratio	5,32	4,6	2,81	1,08
Quick Ratio	5,32	4,6	2,81	1,08
Equity Ratio	0,81	0,8	0,73	0,55
Gross Profit Margin	100 %	100 %	100 %	100 %