OCEANTEC AS

6065 ULSTEINVIK

Finances

Return on Equity

17,08 %

Current Ratio

0,32

Debt-to-Equity Ratio

−0,32

Key figures (NOK)	2022	2021	2020	2019
Revenue	1 970 000	3 956 000	4 148 000	7 262 000
Net Income	−236 000	−382 000	−1 970 000	−123 000
Total Assets	520 000	1 073 000	951 000	3 244 000
Total Equity	−1 382 000	−1 146 000	−764 000	207 000

Income (NOK)	2022	2021	2020	2019
Revenue	1 970 000	3 956 000	4 148 000	7 262 000
Expenditure	2 020 000	4 163 000	5 136 000	7 307 000
Operating Profit	−76 000	−208 000	−877 000	−46 000
Financial Income	13 000	2 000	11 000	4 000
Financial Costs	173 000	176 000	1 104 000	82 000
Financial Balance	−160 000	−174 000	−1 093 000	−78 000
Earnings Before Tax	−236 000	−382 000	−1 970 000	−124 000
Tax	0	0	0	−1 000
Net Income	−236 000	−382 000	−1 970 000	−123 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	60 000	5 000	130 000	1 027 000
Total Current Assets	460 000	1 068 000	821 000	2 217 000
Total Assets	520 000	1 073 000	951 000	3 244 000
Total Retained Equity	−2 412 000	−2 176 000	−1 794 000	177 000
Total Equity	−1 382 000	−1 146 000	−764 000	207 000
Total Long-Term Debt	445 000	450 000	450 000	1 101 000
Total Current Debt	1 456 000	1 768 000	1 265 000	1 937 000
Total Equity and Debt	520 000	1 073 000	951 000	3 244 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	1 970 000	3 898 000	4 148 000	7 134 000
Other Income	0	58 000	0	128 000
Revenue	1 970 000	3 956 000	4 148 000	7 262 000
Cost of Goods Sold	1 340 000	2 597 000	2 464 000	4 618 000
Salary Costs	2 000	498 000	1 816 000	1 856 000
Depreciation	5 000	5 000	5 000	5 000
Impairment	0	0	0	0
Expenditure	2 020 000	4 163 000	5 136 000	7 307 000
Operating Profit	−76 000	−208 000	−877 000	−46 000
Financial Income	13 000	2 000	11 000	4 000
Financial Costs	173 000	176 000	1 104 000	82 000
Financial Balance	−160 000	−174 000	−1 093 000	−78 000
Dividends	0	0	0	0
Net Income	−236 000	−382 000	−1 970 000	−123 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	5 000	10 000	15 000
Total Intangible Assets	0	5 000	10 000	15 000
Real Eastate	0	0	0	0
Machinery and Plant Facilities	0	0	0	0
Fixtures	0	0	0	0
Total Tangible Assets	0	0	0	0
Total Fiancial Fixed Assets	60 000	0	120 000	1 012 000
Total Fixed Assets	60 000	5 000	130 000	1 027 000
Stock	122 000	147 000	149 000	0
Total Investments	0	0	0	0
Cash, Bank	11 000	12 000	40 000	94 000
Total Current Assets	460 000	1 068 000	821 000	2 217 000
Total Assets	520 000	1 073 000	951 000	3 244 000
Total Equity	−1 382 000	−1 146 000	−764 000	207 000
Short-Term Group Debt	0	168 000	0	0
Total Long-Term Debt	445 000	450 000	450 000	1 101 000
Creditors	1 254 000	1 323 000	804 000	526 000
Unpaid Taxes	152 000	143 000	149 000	310 000
Dividends	0	0	0	0
Other Current Debt	95 000	122 000	244 000	363 000
Total Current Debt	1 456 000	1 768 000	1 265 000	1 937 000
Total Equity and Debt	520 000	1 073 000	951 000	3 244 000

Financial indicators	2022	2021	2020	2019
Return on Equity	17,08 %	33,33 %	257,85 %	−59,42 %
Debt-to-Equity Ratio	−0,32	−0,39	−0,59	5,32
Operating Profit Margin	−3,86 %	−5,26 %	−21,14 %	−0,63 %
Current Ratio	0,32	0,6	0,65	1,14
Quick Ratio	0,34	0,66	0,74	1,14
Equity Ratio	−2,66	−1,07	−0,8	0,06
Gross Profit Margin	31,98 %	34,35 %	40,6 %	36,41 %