OCEAN FARMING AS

7266 KVERVA

Finances

Share Ownership

Return on Equity

−246,11 %

Current Ratio

0,21

Debt-to-Equity Ratio

17,38

Key figures (NOK)	2022	2021	2020	2019
Revenue	34 645 000	0	229 853 000	34 803 000
Net Income	−101 797 000	−102 274 000	−64 599 000	−79 986 000
Total Assets	1 003 469 000	789 207 000	942 219 000	1 099 203 000
Total Equity	41 363 000	130 745 000	244 465 000	300 092 000

Income (NOK)	2022	2021	2020	2019
Revenue	34 645 000	0	229 853 000	34 803 000
Expenditure	138 962 000	119 853 000	224 433 000	171 946 000
Operating Profit	−104 316 000	−119 853 000	−69 338 000	−85 267 000
Financial Income	350 000	43 000	19 000	143 000
Financial Costs	26 249 000	11 878 000	13 354 000	17 626 000
Financial Balance	−25 899 000	−11 835 000	−13 335 000	−17 483 000
Earnings Before Tax	−130 214 000	−131 688 000	−82 674 000	−102 750 000
Tax	−28 417 000	−29 414 000	−18 074 000	−22 764 000
Net Income	−101 797 000	−102 274 000	−64 599 000	−79 986 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	953 488 000	769 621 000	821 316 000	810 806 000
Total Current Assets	49 981 000	19 587 000	120 904 000	288 397 000
Total Assets	1 003 469 000	789 207 000	942 219 000	1 099 203 000
Total Retained Equity	0	0	0	0
Total Equity	41 363 000	130 745 000	244 465 000	300 092 000
Total Long-Term Debt	719 068 000	564 937 000	689 039 000	714 327 000
Total Current Debt	243 039 000	93 524 000	8 715 000	84 784 000
Total Equity and Debt	1 003 469 000	789 207 000	942 219 000	1 099 203 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	0	0	229 853 000	34 264 000
Other Income	34 645 000	0	0	539 000
Revenue	34 645 000	0	229 853 000	34 803 000
Cost of Goods Sold	1 209 000	3 243 000	82 649 000	52 973 000
Salary Costs	16 165 000	16 297 000	12 641 000	12 401 000
Depreciation	67 911 000	74 277 000	95 117 000	77 961 000
Impairment	33 641 000	0	12 860 000	0
Expenditure	138 962 000	119 853 000	224 433 000	171 946 000
Operating Profit	−104 316 000	−119 853 000	−69 338 000	−85 267 000
Financial Income	350 000	43 000	19 000	143 000
Financial Costs	26 249 000	11 878 000	13 354 000	17 626 000
Financial Balance	−25 899 000	−11 835 000	−13 335 000	−17 483 000
Dividends	0	0	0	0
Net Income	−101 797 000	−102 274 000	−64 599 000	−79 986 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	104 484 000	91 454 000	116 098 000	27 881 000
Real Eastate	0	0	0	0
Machinery and Plant Facilities	843 056 000	671 616 000	697 426 000	773 861 000
Fixtures	0	575 000	1 225 000	2 016 000
Total Tangible Assets	849 004 000	678 147 000	705 153 000	782 925 000
Total Fiancial Fixed Assets	0	19 000	66 000	0
Total Fixed Assets	953 488 000	769 621 000	821 316 000	810 806 000
Stock	0	797 000	797 000	75 556 000
Total Investments	0	0	0	0
Cash, Bank	1 734 000	1 798 000	2 017 000	2 008 000
Total Current Assets	49 981 000	19 587 000	120 904 000	288 397 000
Total Assets	1 003 469 000	789 207 000	942 219 000	1 099 203 000
Total Equity	41 363 000	130 745 000	244 465 000	300 092 000
Short-Term Group Debt	204 308 000	78 222 000	931 000	50 715 000
Total Long-Term Debt	719 068 000	564 937 000	689 039 000	714 327 000
Creditors	29 257 000	6 358 000	3 695 000	17 348 000
Unpaid Taxes	2 145 000	2 103 000	2 357 000	2 369 000
Dividends	0	0	0	0
Other Current Debt	7 328 000	6 842 000	1 732 000	14 352 000
Total Current Debt	243 039 000	93 524 000	8 715 000	84 784 000
Total Equity and Debt	1 003 469 000	789 207 000	942 219 000	1 099 203 000

Financial indicators	2022	2021	2020	2019
Return on Equity	−246,11 %	−78,22 %	−26,42 %	−26,65 %
Debt-to-Equity Ratio	17,38	4,32	2,82	2,38
Operating Profit Margin	−301,1 %	-	−30,17 %	−245 %
Current Ratio	0,21	0,21	13,87	3,4
Quick Ratio	0,21	0,21	15,27	31,25
Equity Ratio	0,04	0,17	0,26	0,27
Gross Profit Margin	96,51 %	-	64,04 %	−52,21 %