OCEANFRONT AS

6521 FREI

Finances

Return on Equity

−3,91 %

Current Ratio

0,89

Debt-to-Equity Ratio

7,81

Key figures (NOK)	2022	2021	2020	2019
Revenue	20 515 000	653 000	13 006 000	10 282 000
Net Income	−20 000	−262 000	1 176 000	872 000
Total Assets	16 447 000	4 752 000	6 829 000	4 800 000
Total Equity	511 000	22 000	2 252 000	1 076 000

Income (NOK)	2022	2021	2020	2019
Revenue	20 515 000	653 000	13 006 000	10 282 000
Expenditure	20 403 000	874 000	11 369 000	9 092 000
Operating Profit	113 000	−221 000	1 638 000	1 190 000
Financial Income	19 000	17 000	13 000	9 000
Financial Costs	266 000	131 000	212 000	75 000
Financial Balance	−247 000	−114 000	−199 000	−66 000
Earnings Before Tax	−134 000	−335 000	1 438 000	1 124 000
Tax	−114 000	−73 000	262 000	252 000
Net Income	−20 000	−262 000	1 176 000	872 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	5 849 000	3 909 000	1 845 000	1 150 000
Total Current Assets	10 598 000	844 000	4 984 000	3 651 000
Total Assets	16 447 000	4 752 000	6 829 000	4 800 000
Total Retained Equity	−163 000	−143 000	2 027 000	851 000
Total Equity	511 000	22 000	2 252 000	1 076 000
Total Long-Term Debt	3 993 000	1 697 000	1 295 000	1 186 000
Total Current Debt	11 944 000	3 033 000	3 283 000	2 539 000
Total Equity and Debt	16 447 000	4 752 000	6 829 000	4 800 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	19 815 000	385 000	11 392 000	9 312 000
Other Income	701 000	267 000	1 614 000	970 000
Revenue	20 515 000	653 000	13 006 000	10 282 000
Cost of Goods Sold	7 820 000	302 000	17 000	46 000
Salary Costs	8 202 000	490 000	7 159 000	4 999 000
Depreciation	377 000	0	205 000	156 000
Impairment	0	0	0	0
Expenditure	20 403 000	874 000	11 369 000	9 092 000
Operating Profit	113 000	−221 000	1 638 000	1 190 000
Financial Income	19 000	17 000	13 000	9 000
Financial Costs	266 000	131 000	212 000	75 000
Financial Balance	−247 000	−114 000	−199 000	−66 000
Dividends	0	0	0	0
Net Income	−20 000	−262 000	1 176 000	872 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	509 000	73 000	100 000	12 000
Real Eastate	0	0	22 000	25 000
Machinery and Plant Facilities	3 346 000	0	641 000	0
Fixtures	0	0	457 000	452 000
Total Tangible Assets	3 374 000	0	1 672 000	954 000
Total Fiancial Fixed Assets	1 966 000	3 836 000	74 000	184 000
Total Fixed Assets	5 849 000	3 909 000	1 845 000	1 150 000
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	5 140 000	65 000	1 011 000	1 060 000
Total Current Assets	10 598 000	844 000	4 984 000	3 651 000
Total Assets	16 447 000	4 752 000	6 829 000	4 800 000
Total Equity	511 000	22 000	2 252 000	1 076 000
Short-Term Group Debt	1 574 000	1 112 000	0	0
Total Long-Term Debt	3 993 000	1 697 000	1 295 000	1 186 000
Creditors	3 947 000	162 000	484 000	522 000
Unpaid Taxes	1 379 000	196 000	1 228 000	717 000
Dividends	0	0	0	0
Other Current Debt	4 725 000	749 000	1 333 000	1 046 000
Total Current Debt	11 944 000	3 033 000	3 283 000	2 539 000
Total Equity and Debt	16 447 000	4 752 000	6 829 000	4 800 000

Financial indicators	2022	2021	2020	2019
Return on Equity	−3,91 %	−1 190,91 %	52,22 %	81,04 %
Debt-to-Equity Ratio	7,81	77,14	0,58	1,1
Operating Profit Margin	0,55 %	−33,84 %	12,59 %	11,57 %
Current Ratio	0,89	0,28	1,52	1,44
Quick Ratio	0,89	0,28	1,52	1,44
Equity Ratio	0,03	0	0,33	0,22
Gross Profit Margin	61,88 %	53,75 %	99,87 %	99,55 %