PANGAEA AS

0158 OSLO

Finances

Share Ownership

Return on Equity

1,61 %

Current Ratio

0,92

Debt-to-Equity Ratio

0,56

Key figures (NOK)	2022	2021	2020	2019
Revenue	1 310 000	1 014 000	482 000	332 000
Net Income	471 000	29 000	−22 000	21 000
Total Assets	47 333 000	40 192 000	33 033 000	6 344 000
Total Equity	29 315 000	889 000	982 000	1 004 000

Income (NOK)	2022	2021	2020	2019
Revenue	1 310 000	1 014 000	482 000	332 000
Expenditure	330 000	280 000	172 000	171 000
Operating Profit	980 000	734 000	310 000	161 000
Financial Income	0	0	0	1 000
Financial Costs	376 000	697 000	338 000	135 000
Financial Balance	−376 000	−697 000	−338 000	−134 000
Earnings Before Tax	604 000	37 000	−29 000	27 000
Tax	133 000	8 000	−6 000	6 000
Net Income	471 000	29 000	−22 000	21 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	45 985 000	39 218 000	30 776 000	4 276 000
Total Current Assets	1 348 000	975 000	2 258 000	2 069 000
Total Assets	47 333 000	40 192 000	33 033 000	6 344 000
Total Retained Equity	664 000	738 000	831 000	853 000
Total Equity	29 315 000	889 000	982 000	1 004 000
Total Long-Term Debt	16 548 000	38 052 000	31 493 000	5 127 000
Total Current Debt	1 470 000	1 251 000	559 000	213 000
Total Equity and Debt	47 333 000	40 192 000	33 033 000	6 344 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	0	0	0	0
Other Income	1 310 000	1 014 000	482 000	332 000
Revenue	1 310 000	1 014 000	482 000	332 000
Cost of Goods Sold	0	0	0	0
Salary Costs	0	0	0	0
Depreciation	0	0	0	0
Impairment	0	0	0	0
Expenditure	330 000	280 000	172 000	171 000
Operating Profit	980 000	734 000	310 000	161 000
Financial Income	0	0	0	1 000
Financial Costs	376 000	697 000	338 000	135 000
Financial Balance	−376 000	−697 000	−338 000	−134 000
Dividends	0	0	0	0
Net Income	471 000	29 000	−22 000	21 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	0	0	0	0
Real Eastate	45 895 000	39 218 000	30 776 000	4 276 000
Machinery and Plant Facilities	0	0	0	0
Fixtures	0	0	0	0
Total Tangible Assets	45 895 000	39 218 000	30 776 000	4 276 000
Total Fiancial Fixed Assets	90 000	0	0	0
Total Fixed Assets	45 985 000	39 218 000	30 776 000	4 276 000
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	1 348 000	975 000	2 169 000	2 080 000
Total Current Assets	1 348 000	975 000	2 258 000	2 069 000
Total Assets	47 333 000	40 192 000	33 033 000	6 344 000
Total Equity	29 315 000	889 000	982 000	1 004 000
Short-Term Group Debt	699 000	156 000	0	0
Total Long-Term Debt	16 548 000	38 052 000	31 493 000	5 127 000
Creditors	18 000	11 000	94 000	2 000
Unpaid Taxes	0	0	0	0
Dividends	0	0	0	0
Other Current Debt	754 000	1 084 000	438 000	165 000
Total Current Debt	1 470 000	1 251 000	559 000	213 000
Total Equity and Debt	47 333 000	40 192 000	33 033 000	6 344 000

Financial indicators	2022	2021	2020	2019
Return on Equity	1,61 %	3,26 %	−2,24 %	2,09 %
Debt-to-Equity Ratio	0,56	42,8	32,07	5,11
Operating Profit Margin	74,81 %	72,39 %	64,32 %	48,49 %
Current Ratio	0,92	0,78	4,04	9,71
Quick Ratio	0,92	0,78	4,04	9,71
Equity Ratio	0,62	0,02	0,03	0,16
Gross Profit Margin	100 %	100 %	100 %	100 %