NORWEGIAN OCEAN CLEANING SYSTEMS AS

7013 TRONDHEIM

Finances

Return on Equity

−8,25 %

Current Ratio

3,55

Debt-to-Equity Ratio

1,61

Key figures (NOK)	2022	2021	2020	2019
Revenue	3 484 000	2 844 000	1 471 000	1 157 000
Net Income	−50 000	−141 000	186 000	191 000
Total Assets	2 173 000	4 841 000	2 568 000	1 752 000
Total Equity	606 000	656 000	797 000	611 000

Income (NOK)	2022	2021	2020	2019
Revenue	3 484 000	2 844 000	1 471 000	1 157 000
Expenditure	2 511 000	3 328 000	1 328 000	906 000
Operating Profit	973 000	−484 000	142 000	251 000
Financial Income	2 000	0	2 000	3 000
Financial Costs	360 000	2 000	4 000	61 000
Financial Balance	−358 000	−2 000	−2 000	−58 000
Earnings Before Tax	614 000	−485 000	140 000	194 000
Tax	665 000	−345 000	−45 000	3 000
Net Income	−50 000	−141 000	186 000	191 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	74 000	1 088 000	507 000	275 000
Total Current Assets	2 099 000	3 753 000	2 061 000	1 477 000
Total Assets	2 173 000	4 841 000	2 568 000	1 752 000
Total Retained Equity	186 000	237 000	377 000	192 000
Total Equity	606 000	656 000	797 000	611 000
Total Long-Term Debt	975 000	1 140 000	0	0
Total Current Debt	592 000	3 045 000	1 771 000	1 141 000
Total Equity and Debt	2 173 000	4 841 000	2 568 000	1 752 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	1 517 000	2 736 000	1 453 000	1 139 000
Other Income	1 967 000	108 000	18 000	18 000
Revenue	3 484 000	2 844 000	1 471 000	1 157 000
Cost of Goods Sold	0	0	0	0
Salary Costs	2 089 000	1 337 000	1 047 000	572 000
Depreciation	24 000	20 000	4 000	0
Impairment	0	0	0	0
Expenditure	2 511 000	3 328 000	1 328 000	906 000
Operating Profit	973 000	−484 000	142 000	251 000
Financial Income	2 000	0	2 000	3 000
Financial Costs	360 000	2 000	4 000	61 000
Financial Balance	−358 000	−2 000	−2 000	−58 000
Dividends	0	0	0	0
Net Income	−50 000	−141 000	186 000	191 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	0	665 000	320 000	275 000
Real Eastate	0	0	0	0
Machinery and Plant Facilities	0	0	0	0
Fixtures	74 000	98 000	62 000	0
Total Tangible Assets	74 000	98 000	62 000	0
Total Fiancial Fixed Assets	0	325 000	125 000	0
Total Fixed Assets	74 000	1 088 000	507 000	275 000
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	1 470 000	1 460 000	1 127 000	620 000
Total Current Assets	2 099 000	3 753 000	2 061 000	1 477 000
Total Assets	2 173 000	4 841 000	2 568 000	1 752 000
Total Equity	606 000	656 000	797 000	611 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	975 000	1 140 000	0	0
Creditors	0	2 038 000	253 000	234 000
Unpaid Taxes	134 000	542 000	605 000	323 000
Dividends	0	0	0	0
Other Current Debt	458 000	465 000	912 000	583 000
Total Current Debt	592 000	3 045 000	1 771 000	1 141 000
Total Equity and Debt	2 173 000	4 841 000	2 568 000	1 752 000

Financial indicators	2022	2021	2020	2019
Return on Equity	−8,25 %	−21,49 %	23,34 %	31,26 %
Debt-to-Equity Ratio	1,61	1,74	0	0
Operating Profit Margin	27,93 %	−17,02 %	9,65 %	21,69 %
Current Ratio	3,55	1,23	1,16	1,29
Quick Ratio	3,55	1,23	1,16	1,29
Equity Ratio	0,28	0,14	0,31	0,35
Gross Profit Margin	100 %	100 %	100 %	100 %