OCEANIC CHAMPION AS

5384 TORANGSVÅG

Finances

Share Ownership

Return on Equity

−26,75 %

Current Ratio

170,55

Debt-to-Equity Ratio

Key figures (USD)	2022	2021	2020	2019
Revenue	6 654 000	6 072 000	3 324 000	30 042 000
Net Income	−1 439 000	−959 000	−2 278 000	−2 904 000
Total Assets	5 402 000	6 834 000	7 788 000	20 884 000
Total Equity	5 380 000	6 819 000	7 778 000	20 130 000

Income (USD)	2022	2021	2020	2019
Revenue	6 654 000	6 072 000	3 324 000	30 042 000
Expenditure	8 149 000	7 033 000	5 817 000	32 365 000
Operating Profit	−1 495 000	−961 000	−2 493 000	−2 323 000
Financial Income	171 000	43 000	275 000	5 000
Financial Costs	113 000	40 000	59 000	585 000
Financial Balance	58 000	3 000	216 000	−580 000
Earnings Before Tax	−1 437 000	−957 000	−2 276 000	−2 903 000
Tax	2 000	2 000	2 000	2 000
Net Income	−1 439 000	−959 000	−2 278 000	−2 904 000

Balance (USD)	2022	2021	2020	2019
Total Fixed Assets	1 650 000	2 667 000	5 333 000	8 000 000
Total Current Assets	3 752 000	4 168 000	2 455 000	12 884 000
Total Assets	5 402 000	6 834 000	7 788 000	20 884 000
Total Retained Equity	5 180 000	6 619 000	7 578 000	−22 775 000
Total Equity	5 380 000	6 819 000	7 778 000	20 130 000
Total Long-Term Debt	0	0	0	0
Total Current Debt	22 000	15 000	10 000	754 000
Total Equity and Debt	5 402 000	6 834 000	7 788 000	20 884 000

Cash flow (USD)	2022	2021	2020	2019
Sales Income	6 654 000	6 072 000	3 324 000	21 823 000
Other Income	0	0	0	8 219 000
Revenue	6 654 000	6 072 000	3 324 000	30 042 000
Cost of Goods Sold	0	0	0	0
Salary Costs	0	0	0	0
Depreciation	1 017 000	2 667 000	2 667 000	7 835 000
Impairment	0	0	0	21 146 000
Expenditure	8 149 000	7 033 000	5 817 000	32 365 000
Operating Profit	−1 495 000	−961 000	−2 493 000	−2 323 000
Financial Income	171 000	43 000	275 000	5 000
Financial Costs	113 000	40 000	59 000	585 000
Financial Balance	58 000	3 000	216 000	−580 000
Dividends	0	0	0	0
Net Income	−1 439 000	−959 000	−2 278 000	−2 904 000

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	0	0	0	0
Total Tangible Assets	1 650 000	2 667 000	5 333 000	8 000 000
Total Fiancial Fixed Assets	0	0	0	0
Total Fixed Assets	1 650 000	2 667 000	5 333 000	8 000 000
Stock	250 000	158 000	385 000	541 000
Total Investments	0	0	0	0
Cash, Bank	2 591 000	2 470 000	1 185 000	1 072 000
Total Current Assets	3 752 000	4 168 000	2 455 000	12 884 000
Total Assets	5 402 000	6 834 000	7 788 000	20 884 000
Total Equity	5 380 000	6 819 000	7 778 000	20 130 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	0	0	0	0
Creditors	13 000	14 000	8 000	752 000
Unpaid Taxes	8 000	0	0	0
Dividends	0	0	0	0
Other Current Debt	0	0	0	0
Total Current Debt	22 000	15 000	10 000	754 000
Total Equity and Debt	5 402 000	6 834 000	7 788 000	20 884 000

Financial indicators	2022	2021	2020	2019
Return on Equity	−26,75 %	−14,06 %	−29,29 %	−14,43 %
Debt-to-Equity Ratio	0	0	0	0
Operating Profit Margin	−22,47 %	−15,83 %	−75 %	−7,73 %
Current Ratio	170,55	277,87	245,5	17,09
Quick Ratio	−16,46	−29,15	−6,55	60,49
Equity Ratio	1	1	1	0,96
Gross Profit Margin	100 %	100 %	100 %	100 %