OTECH MARINE SERVICES NORWAY AS

4006 STAVANGER

Finances

Return on Equity

46,68 %

Current Ratio

0,48

Debt-to-Equity Ratio

2,83

Key figures (NOK)	2022	2021	2020	2019
Revenue	25 291 000	35 574 000	26 311 000	8 055 000
Net Income	2 773 000	6 092 000	−1 701 000	−3 796 000
Total Assets	28 205 000	29 543 000	14 907 000	19 123 000
Total Equity	5 941 000	3 168 000	−2 924 000	−1 248 000

Income (NOK)	2022	2021	2020	2019
Revenue	25 291 000	35 574 000	26 311 000	8 055 000
Expenditure	20 688 000	27 238 000	27 481 000	12 102 000
Operating Profit	4 603 000	8 335 000	−1 169 000	−4 046 000
Financial Income	122 000	71 000	18 000	174 000
Financial Costs	1 168 000	604 000	980 000	979 000
Financial Balance	−1 046 000	−533 000	−962 000	−805 000
Earnings Before Tax	3 557 000	7 801 000	−2 131 000	−4 851 000
Tax	784 000	1 709 000	−430 000	−1 055 000
Net Income	2 773 000	6 092 000	−1 701 000	−3 796 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	25 571 000	27 472 000	12 702 000	17 337 000
Total Current Assets	2 634 000	2 072 000	2 206 000	1 785 000
Total Assets	28 205 000	29 543 000	14 907 000	19 123 000
Total Retained Equity	4 911 000	2 138 000	−3 954 000	−2 278 000
Total Equity	5 941 000	3 168 000	−2 924 000	−1 248 000
Total Long-Term Debt	16 819 000	19 483 000	8 525 000	11 245 000
Total Current Debt	5 445 000	6 892 000	9 306 000	9 125 000
Total Equity and Debt	28 205 000	29 543 000	14 907 000	19 123 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	25 291 000	35 478 000	26 264 000	7 944 000
Other Income	0	96 000	48 000	111 000
Revenue	25 291 000	35 574 000	26 311 000	8 055 000
Cost of Goods Sold	12 380 000	18 997 000	15 234 000	1 915 000
Salary Costs	2 099 000	3 457 000	3 871 000	5 271 000
Depreciation	1 377 000	1 743 000	2 144 000	2 175 000
Impairment	0	0	0	0
Expenditure	20 688 000	27 238 000	27 481 000	12 102 000
Operating Profit	4 603 000	8 335 000	−1 169 000	−4 046 000
Financial Income	122 000	71 000	18 000	174 000
Financial Costs	1 168 000	604 000	980 000	979 000
Financial Balance	−1 046 000	−533 000	−962 000	−805 000
Dividends	0	0	0	0
Net Income	2 773 000	6 092 000	−1 701 000	−3 796 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	85 000	281 000	1 942 000	1 696 000
Real Eastate	0	0	0	0
Machinery and Plant Facilities	1 268 000	1 481 000	1 612 000	1 718 000
Fixtures	596 000	983 000	1 558 000	2 212 000
Total Tangible Assets	6 934 000	8 115 000	9 298 000	14 324 000
Total Fiancial Fixed Assets	18 552 000	19 076 000	1 462 000	1 318 000
Total Fixed Assets	25 571 000	27 472 000	12 702 000	17 337 000
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	220 000	144 000	151 000	12 000
Total Current Assets	2 634 000	2 072 000	2 206 000	1 785 000
Total Assets	28 205 000	29 543 000	14 907 000	19 123 000
Total Equity	5 941 000	3 168 000	−2 924 000	−1 248 000
Short-Term Group Debt	0	0	171 000	544 000
Total Long-Term Debt	16 819 000	19 483 000	8 525 000	11 245 000
Creditors	1 653 000	2 964 000	3 431 000	4 285 000
Unpaid Taxes	291 000	49 000	126 000	232 000
Dividends	0	0	0	0
Other Current Debt	2 780 000	1 234 000	1 583 000	1 769 000
Total Current Debt	5 445 000	6 892 000	9 306 000	9 125 000
Total Equity and Debt	28 205 000	29 543 000	14 907 000	19 123 000

Financial indicators	2022	2021	2020	2019
Return on Equity	46,68 %	192,3 %	58,17 %	304,17 %
Debt-to-Equity Ratio	2,83	6,15	−2,92	−9,01
Operating Profit Margin	18,2 %	23,43 %	−4,44 %	−50,23 %
Current Ratio	0,48	0,3	0,24	0,2
Quick Ratio	0,48	0,3	0,24	0,2
Equity Ratio	0,21	0,11	−0,2	−0,07
Gross Profit Margin	51,05 %	46,6 %	42,1 %	76,23 %