GB OCEAN AS

4514 MANDAL

Finances

Share Ownership

Return on Equity

93,1 %

Current Ratio

0,23

Debt-to-Equity Ratio

−0

Key figures (NOK)	2022	2021	2020	2019
Revenue	405 000	192 000	150 000	15 000
Net Income	−432 000	−54 000	44 000	−27 000
Total Assets	552 000	888 000	136 000	65 000
Total Equity	−464 000	−33 000	21 000	−23 000

Income (NOK)	2022	2021	2020	2019
Revenue	405 000	192 000	150 000	15 000
Expenditure	822 000	245 000	107 000	42 000
Operating Profit	−417 000	−54 000	44 000	−27 000
Financial Income	0	0	0	0
Financial Costs	15 000	0	0	0
Financial Balance	−15 000	0	0	0
Earnings Before Tax	−432 000	−54 000	44 000	−27 000
Tax	0	0	0	0
Net Income	−432 000	−54 000	44 000	−27 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	318 000	650 000	105 000	0
Total Current Assets	234 000	238 000	32 000	65 000
Total Assets	552 000	888 000	136 000	65 000
Total Retained Equity	−514 000	−83 000	−29 000	−73 000
Total Equity	−464 000	−33 000	21 000	−23 000
Total Long-Term Debt	0	0	0	0
Total Current Debt	1 016 000	921 000	115 000	88 000
Total Equity and Debt	552 000	888 000	136 000	65 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	255 000	0	0	11 000
Other Income	150 000	192 000	150 000	4 000
Revenue	405 000	192 000	150 000	15 000
Cost of Goods Sold	197 000	0	0	0
Salary Costs	202 000	0	0	0
Depreciation	67 000	7 000	1 000	26 000
Impairment	0	0	0	0
Expenditure	822 000	245 000	107 000	42 000
Operating Profit	−417 000	−54 000	44 000	−27 000
Financial Income	0	0	0	0
Financial Costs	15 000	0	0	0
Financial Balance	−15 000	0	0	0
Dividends	0	0	0	0
Net Income	−432 000	−54 000	44 000	−27 000

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	0
Fixtures	318 000	100 000	30 000	0
Total Tangible Assets	318 000	100 000	30 000	0
Total Fiancial Fixed Assets	0	550 000	75 000	0
Total Fixed Assets	318 000	650 000	105 000	0
Stock	140 000	0	0	0
Total Investments	0	0	0	0
Cash, Bank	14 000	91 000	27 000	65 000
Total Current Assets	234 000	238 000	32 000	65 000
Total Assets	552 000	888 000	136 000	65 000
Total Equity	−464 000	−33 000	21 000	−23 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	0	0	0	0
Creditors	7 000	48 000	4 000	0
Unpaid Taxes	3 000	0	0	0
Dividends	0	0	0	0
Other Current Debt	1 006 000	873 000	111 000	88 000
Total Current Debt	1 016 000	921 000	115 000	88 000
Total Equity and Debt	552 000	888 000	136 000	65 000

Financial indicators	2022	2021	2020	2019
Return on Equity	93,1 %	163,64 %	209,52 %	117,39 %
Debt-to-Equity Ratio	−0	−0	0	−0
Operating Profit Margin	−102,96 %	−28,13 %	29,33 %	−180 %
Current Ratio	0,23	0,26	0,28	0,74
Quick Ratio	0,27	0,26	0,28	0,74
Equity Ratio	−0,84	−0,04	0,15	−0,35
Gross Profit Margin	51,36 %	100 %	100 %	100 %