OCEANSAVER AS

3041 DRAMMEN

Finances

Share Ownership

Return on Equity

85,45 %

Current Ratio

0,5

Debt-to-Equity Ratio

−0,25

Key figures (NOK)	2016	2015	2014	2013
Revenue	195 166 000	201 452 000	168 969 000	103 609 000
Net Income	−104 873 000	−93 891 000	−110 999 000	−90 041 000
Total Assets	115 869 000	95 175 000	119 009 000	93 935 000
Total Equity	−122 726 000	−17 852 000	−52 950 000	16 360 000

Income (NOK)	2016	2015	2014	2013
Revenue	195 166 000	201 452 000	168 969 000	103 609 000
Expenditure	288 596 000	279 851 000	272 971 000	181 098 000
Operating Profit	−93 430 000	−78 399 000	−104 001 000	−77 489 000
Financial Income	12 667 000	10 688 000	11 772 000	2 195 000
Financial Costs	24 111 000	26 180 000	18 770 000	14 747 000
Financial Balance	−11 444 000	−15 492 000	−6 998 000	−12 552 000
Earnings Before Tax	−104 873 000	−93 891 000	−110 999 000	−90 041 000
Tax	0	0	0	0
Net Income	−104 873 000	−93 891 000	−110 999 000	−90 041 000

Balance (NOK)	2016	2015	2014	2013
Total Fixed Assets	12 167 000	8 604 000	51 482 000	41 964 000
Total Current Assets	103 701 000	86 571 000	67 528 000	51 971 000
Total Assets	115 869 000	95 175 000	119 009 000	93 935 000
Total Retained Equity	−245 734 000	−140 861 000	−140 861 000	−140 861 000
Total Equity	−122 726 000	−17 852 000	−52 950 000	16 360 000
Total Long-Term Debt	30 400 000	16 159 000	24 703 000	19 737 000
Total Current Debt	208 194 000	96 869 000	147 256 000	57 838 000
Total Equity and Debt	115 869 000	95 175 000	119 009 000	93 935 000

Cash flow (NOK)	2016	2015	2014	2013
Sales Income	195 166 000	188 906 000	168 969 000	103 609 000
Other Income	0	12 545 000	0	0
Revenue	195 166 000	201 452 000	168 969 000	103 609 000
Cost of Goods Sold	197 480 000	180 915 000	195 458 000	100 529 000
Salary Costs	27 989 000	42 682 000	30 497 000	29 621 000
Depreciation	2 292 000	13 224 000	10 303 000	9 904 000
Impairment	0	0	0	0
Expenditure	288 596 000	279 851 000	272 971 000	181 098 000
Operating Profit	−93 430 000	−78 399 000	−104 001 000	−77 489 000
Financial Income	12 667 000	10 688 000	11 772 000	2 195 000
Financial Costs	24 111 000	26 180 000	18 770 000	14 747 000
Financial Balance	−11 444 000	−15 492 000	−6 998 000	−12 552 000
Dividends	0	0	0	0
Net Income	−104 873 000	−93 891 000	−110 999 000	−90 041 000

Balance details (NOK)	2016	2015	2014	2013
Goodwill	0	0	0	0
Total Intangible Assets	8 879 000	4 461 000	44 535 000	33 684 000
Real Eastate	0	0	0	0
Machinery and Plant Facilities	0	0	4 172 000	5 823 000
Fixtures	1 596 000	2 667 000	0	0
Total Tangible Assets	1 596 000	2 667 000	4 172 000	5 823 000
Total Fiancial Fixed Assets	1 692 000	1 475 000	2 775 000	2 457 000
Total Fixed Assets	12 167 000	8 604 000	51 482 000	41 964 000
Stock	22 105 000	11 456 000	17 081 000	23 714 000
Total Investments	0	0	0	0
Cash, Bank	6 059 000	51 540 000	6 266 000	10 464 000
Total Current Assets	103 701 000	86 571 000	67 528 000	51 971 000
Total Assets	115 869 000	95 175 000	119 009 000	93 935 000
Total Equity	−122 726 000	−17 852 000	−52 950 000	16 360 000
Short-Term Group Debt	120 000 000	0	0	0
Total Long-Term Debt	30 400 000	16 159 000	24 703 000	19 737 000
Creditors	12 994 000	30 069 000	31 601 000	25 462 000
Unpaid Taxes	3 780 000	4 904 000	4 815 000	3 451 000
Dividends	0	0	0	0
Other Current Debt	71 421 000	61 896 000	48 083 000	20 882 000
Total Current Debt	208 194 000	96 869 000	147 256 000	57 838 000
Total Equity and Debt	115 869 000	95 175 000	119 009 000	93 935 000

Financial indicators	2016	2015	2014	2013
Return on Equity	85,45 %	525,94 %	209,63 %	−550,37 %
Debt-to-Equity Ratio	−0,25	−0,91	−0,47	1,21
Operating Profit Margin	−47,87 %	−38,92 %	−61,55 %	−74,79 %
Current Ratio	0,5	0,89	0,46	0,9
Quick Ratio	0,56	1,01	0,52	1,52
Equity Ratio	−1,06	−0,19	−0,44	0,17
Gross Profit Margin	−1,19 %	10,19 %	−15,68 %	2,97 %