OCEAN FRESH FOOD AS

6570 SMØLA

Finances

Share Ownership

Return on Equity

23,13 %

Current Ratio

0,02

Debt-to-Equity Ratio

−0

Key figures (USD)	2022	2021	2020	2019
Revenue	525 000	0	5 897 000	14 435 000
Net Income	−6 890 000	−4 007 000	−7 188 000	−9 034 000
Total Assets	14 891 000	16 855 000	18 676 000	22 460 000
Total Equity	−29 794 000	−22 904 000	−18 897 000	−11 374 000

Income (USD)	2022	2021	2020	2019
Revenue	525 000	0	5 897 000	14 435 000
Expenditure	8 452 000	4 880 000	12 530 000	23 945 000
Operating Profit	−7 927 000	−4 880 000	−6 633 000	−9 510 000
Financial Income	1 099 000	952 000	0	261 000
Financial Costs	62 000	79 000	555 000	13 000
Financial Balance	1 037 000	873 000	−555 000	248 000
Earnings Before Tax	−6 890 000	−4 007 000	−7 188 000	−9 262 000
Tax	0	0	0	−228 000
Net Income	−6 890 000	−4 007 000	−7 188 000	−9 034 000

Balance (USD)	2022	2021	2020	2019
Total Fixed Assets	14 018 000	15 978 000	17 976 000	21 578 000
Total Current Assets	873 000	877 000	700 000	882 000
Total Assets	14 891 000	16 855 000	18 676 000	22 460 000
Total Retained Equity	−29 814 000	−22 924 000	−18 917 000	−11 394 000
Total Equity	−29 794 000	−22 904 000	−18 897 000	−11 374 000
Total Long-Term Debt	0	0	0	0
Total Current Debt	44 685 000	39 759 000	37 573 000	33 834 000
Total Equity and Debt	14 891 000	16 855 000	18 676 000	22 460 000

Cash flow (USD)	2022	2021	2020	2019
Sales Income	525 000	0	5 897 000	14 435 000
Other Income	0	0	0	0
Revenue	525 000	0	5 897 000	14 435 000
Cost of Goods Sold	5 798 000	2 344 000	8 416 000	13 601 000
Salary Costs	0	0	0	0
Depreciation	1 994 000	2 014 000	2 105 000	2 173 000
Impairment	0	0	1 174 000	0
Expenditure	8 452 000	4 880 000	12 530 000	23 945 000
Operating Profit	−7 927 000	−4 880 000	−6 633 000	−9 510 000
Financial Income	1 099 000	952 000	0	261 000
Financial Costs	62 000	79 000	555 000	13 000
Financial Balance	1 037 000	873 000	−555 000	248 000
Dividends	0	0	0	0
Net Income	−6 890 000	−4 007 000	−7 188 000	−9 034 000

Balance details (USD)	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	0
Fixtures	1 497 000	1 852 000	2 245 000	2 690 000
Total Tangible Assets	14 018 000	15 978 000	17 976 000	21 578 000
Total Fiancial Fixed Assets	0	0	0	0
Total Fixed Assets	14 018 000	15 978 000	17 976 000	21 578 000
Stock	496 000	336 000	333 000	0
Total Investments	0	0	0	0
Cash, Bank	166 000	120 000	125 000	147 000
Total Current Assets	873 000	877 000	700 000	882 000
Total Assets	14 891 000	16 855 000	18 676 000	22 460 000
Total Equity	−29 794 000	−22 904 000	−18 897 000	−11 374 000
Short-Term Group Debt	15 611 000	16 123 000	0	29 769 000
Total Long-Term Debt	0	0	0	0
Creditors	14 628 000	8 980 000	1 972 000	563 000
Unpaid Taxes	0	0	0	0
Dividends	0	0	0	0
Other Current Debt	14 446 000	14 656 000	35 601 000	3 502 000
Total Current Debt	44 685 000	39 759 000	37 573 000	33 834 000
Total Equity and Debt	14 891 000	16 855 000	18 676 000	22 460 000

Financial indicators	2022	2021	2020	2019
Return on Equity	23,13 %	17,49 %	38,04 %	79,43 %
Debt-to-Equity Ratio	−0	−0	−0	−0
Operating Profit Margin	−1 509,9 %	-	−112,48 %	−65,88 %
Current Ratio	0,02	0,02	0,02	0,03
Quick Ratio	0,02	0,02	0,02	0,03
Equity Ratio	−2	−1,36	−1,01	−0,51
Gross Profit Margin	−1 004,38 %	-	−42,72 %	5,78 %