SPINNAKER WEST AS

5105 EIDSVÅG I ÅSANE

Finances

Return on Equity

4 406,25 %

Current Ratio

0,86

Debt-to-Equity Ratio

4,47

Key figures (NOK)	2020	2019	2018	2017
Revenue	13 800 000	554 000	2 953 000	298 000
Net Income	6 345 000	8 693 000	80 000	3 531 000
Total Assets	82 325 000	80 021 000	43 500 000	15 940 000
Total Equity	144 000	13 899 000	5 206 000	5 126 000

Income (NOK)	2020	2019	2018	2017
Revenue	13 800 000	554 000	2 953 000	298 000
Expenditure	13 673 000	1 732 000	3 110 000	1 407 000
Operating Profit	128 000	−1 178 000	−157 000	−1 110 000
Financial Income	6 499 000	9 769 000	1 605 000	5 087 000
Financial Costs	282 000	−102 000	1 262 000	451 000
Financial Balance	6 217 000	9 871 000	343 000	4 636 000
Earnings Before Tax	6 345 000	8 693 000	186 000	3 527 000
Tax	0	0	107 000	−4 000
Net Income	6 345 000	8 693 000	80 000	3 531 000

Balance (NOK)	2020	2019	2018	2017
Total Fixed Assets	11 871 000	9 242 000	15 468 000	6 692 000
Total Current Assets	70 454 000	70 779 000	28 032 000	9 247 000
Total Assets	82 325 000	80 021 000	43 500 000	15 940 000
Total Retained Equity	44 000	13 799 000	5 106 000	5 026 000
Total Equity	144 000	13 899 000	5 206 000	5 126 000
Total Long-Term Debt	643 000	0	31 373 000	9 130 000
Total Current Debt	81 538 000	66 122 000	6 921 000	1 683 000
Total Equity and Debt	82 325 000	80 021 000	43 500 000	15 940 000

Cash flow (NOK)	2020	2019	2018	2017
Sales Income	13 750 000	457 000	2 742 000	100 000
Other Income	50 000	97 000	211 000	198 000
Revenue	13 800 000	554 000	2 953 000	298 000
Cost of Goods Sold	12 289 000	12 000	0	111 000
Salary Costs	5 000	2 000	4 000	4 000
Depreciation	436 000	148 000	72 000	65 000
Impairment	0	0	0	0
Expenditure	13 673 000	1 732 000	3 110 000	1 407 000
Operating Profit	128 000	−1 178 000	−157 000	−1 110 000
Financial Income	6 499 000	9 769 000	1 605 000	5 087 000
Financial Costs	282 000	−102 000	1 262 000	451 000
Financial Balance	6 217 000	9 871 000	343 000	4 636 000
Dividends	20 100 000	0	0	7 300 000
Net Income	6 345 000	8 693 000	80 000	3 531 000

Balance details (NOK)	2020	2019	2018	2017
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	2 223 000	1 052 000	434 000	277 000
Total Tangible Assets	2 223 000	1 052 000	434 000	277 000
Total Fiancial Fixed Assets	9 649 000	8 190 000	15 034 000	6 415 000
Total Fixed Assets	11 871 000	9 242 000	15 468 000	6 692 000
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	228 000	10 275 000	530 000	175 000
Total Current Assets	70 454 000	70 779 000	28 032 000	9 247 000
Total Assets	82 325 000	80 021 000	43 500 000	15 940 000
Total Equity	144 000	13 899 000	5 206 000	5 126 000
Short-Term Group Debt	3 150 000	11 206 000	118 000	1 059 000
Total Long-Term Debt	643 000	0	31 373 000	9 130 000
Creditors	371 000	0	321 000	217 000
Unpaid Taxes	203 000	330 000	567 000	19 000
Dividends	20 100 000	0	0	7 300 000
Other Current Debt	71 460 000	54 476 000	5 804 000	388 000
Total Current Debt	81 538 000	66 122 000	6 921 000	1 683 000
Total Equity and Debt	82 325 000	80 021 000	43 500 000	15 940 000

Financial indicators	2020	2019	2018	2017
Return on Equity	4 406,25 %	62,54 %	1,54 %	68,88 %
Debt-to-Equity Ratio	4,47	0	6,03	1,78
Operating Profit Margin	0,93 %	−212,64 %	−5,32 %	−372,48 %
Current Ratio	0,86	1,07	4,05	5,49
Quick Ratio	0,86	1,07	4,05	5,49
Equity Ratio	0	0,17	0,12	0,32
Gross Profit Margin	10,95 %	97,83 %	100 %	62,75 %