FIRST CLASS YACHTING AS

1366 LYSAKER

Finances

Share Ownership

Return on Equity

42,34 %

Current Ratio

0,88

Debt-to-Equity Ratio

−2,77

Key figures (NOK)	2022	2021	2020	2019
Revenue	50 000	50 000	64 000	0
Net Income	−464 000	−159 000	−351 000	−348 000
Total Assets	2 025 000	55 000	18 000	1 256 000
Total Equity	−1 096 000	−633 000	−474 000	−1 118 000

Income (NOK)	2022	2021	2020	2019
Revenue	50 000	50 000	64 000	0
Expenditure	496 000	198 000	412 000	338 000
Operating Profit	−446 000	−148 000	−348 000	−338 000
Financial Income	0	0	1 000	0
Financial Costs	18 000	11 000	3 000	10 000
Financial Balance	−18 000	−11 000	−2 000	−10 000
Earnings Before Tax	−464 000	−159 000	−351 000	−348 000
Tax	0	0	0	0
Net Income	−464 000	−159 000	−351 000	−348 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	1 951 000	47 000	0	680 000
Total Current Assets	74 000	8 000	18 000	576 000
Total Assets	2 025 000	55 000	18 000	1 256 000
Total Retained Equity	−1 396 000	−933 000	−774 000	−1 418 000
Total Equity	−1 096 000	−633 000	−474 000	−1 118 000
Total Long-Term Debt	3 037 000	650 000	459 000	1 256 000
Total Current Debt	84 000	37 000	33 000	1 117 000
Total Equity and Debt	2 025 000	55 000	18 000	1 256 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	50 000	50 000	0	0
Other Income	0	0	64 000	0
Revenue	50 000	50 000	64 000	0
Cost of Goods Sold	0	0	0	0
Salary Costs	0	0	0	0
Depreciation	5 000	3 000	57 000	74 000
Impairment	0	0	0	0
Expenditure	496 000	198 000	412 000	338 000
Operating Profit	−446 000	−148 000	−348 000	−338 000
Financial Income	0	0	1 000	0
Financial Costs	18 000	11 000	3 000	10 000
Financial Balance	−18 000	−11 000	−2 000	−10 000
Dividends	0	0	0	0
Net Income	−464 000	−159 000	−351 000	−348 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	0	0	0	0
Real Eastate	0	0	0	0
Machinery and Plant Facilities	0	0	0	11 000
Fixtures	0	0	0	0
Total Tangible Assets	1 951 000	47 000	0	680 000
Total Fiancial Fixed Assets	0	0	0	0
Total Fixed Assets	1 951 000	47 000	0	680 000
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	24 000	6 000	18 000	12 000
Total Current Assets	74 000	8 000	18 000	576 000
Total Assets	2 025 000	55 000	18 000	1 256 000
Total Equity	−1 096 000	−633 000	−474 000	−1 118 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	3 037 000	650 000	459 000	1 256 000
Creditors	60 000	26 000	27 000	966 000
Unpaid Taxes	0	0	0	0
Dividends	0	0	0	0
Other Current Debt	24 000	11 000	6 000	151 000
Total Current Debt	84 000	37 000	33 000	1 117 000
Total Equity and Debt	2 025 000	55 000	18 000	1 256 000

Financial indicators	2022	2021	2020	2019
Return on Equity	42,34 %	25,12 %	74,05 %	31,13 %
Debt-to-Equity Ratio	−2,77	−1,03	−0,97	−1,12
Operating Profit Margin	−892 %	−296 %	−543,75 %	-
Current Ratio	0,88	0,22	0,55	0,52
Quick Ratio	0,88	0,22	0,55	0,52
Equity Ratio	−0,54	−11,51	−26,33	−0,89
Gross Profit Margin	100 %	100 %	100 %	-