OCEAN TECHNOLOGY AS

8802 SANDNESSJØEN

Finances

Return on Equity

0,2 %

Current Ratio

0,66

Debt-to-Equity Ratio

0,49

Key figures (NOK)	2022	2021	2020	2019
Revenue	180 000	180 000	200 000	3 550 000
Net Income	6 000	32 000	105 000	412 000
Total Assets	4 637 000	4 629 000	4 660 000	3 841 000
Total Equity	3 071 000	2 987 000	2 955 000	510 000

Income (NOK)	2022	2021	2020	2019
Revenue	180 000	180 000	200 000	3 550 000
Expenditure	100 000	86 000	69 000	3 041 000
Operating Profit	80 000	94 000	131 000	508 000
Financial Income	0	0	24 000	0
Financial Costs	74 000	53 000	20 000	17 000
Financial Balance	−74 000	−53 000	4 000	−17 000
Earnings Before Tax	6 000	41 000	136 000	491 000
Tax	0	9 000	31 000	79 000
Net Income	6 000	32 000	105 000	412 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	4 606 000	4 606 000	3 757 000	400 000
Total Current Assets	31 000	24 000	903 000	3 441 000
Total Assets	4 637 000	4 629 000	4 660 000	3 841 000
Total Retained Equity	501 000	417 000	385 000	280 000
Total Equity	3 071 000	2 987 000	2 955 000	510 000
Total Long-Term Debt	1 519 000	862 000	50 000	150 000
Total Current Debt	47 000	781 000	1 654 000	3 180 000
Total Equity and Debt	4 637 000	4 629 000	4 660 000	3 841 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	180 000	180 000	200 000	3 550 000
Other Income	0	0	0	0
Revenue	180 000	180 000	200 000	3 550 000
Cost of Goods Sold	0	0	0	2 978 000
Salary Costs	0	0	0	0
Depreciation	0	0	0	0
Impairment	0	0	0	0
Expenditure	100 000	86 000	69 000	3 041 000
Operating Profit	80 000	94 000	131 000	508 000
Financial Income	0	0	24 000	0
Financial Costs	74 000	53 000	20 000	17 000
Financial Balance	−74 000	−53 000	4 000	−17 000
Dividends	0	0	0	0
Net Income	6 000	32 000	105 000	412 000

Balance details (NOK)	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	0	0	0	0
Total Fiancial Fixed Assets	4 606 000	4 606 000	3 757 000	400 000
Total Fixed Assets	4 606 000	4 606 000	3 757 000	400 000
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	31 000	14 000	13 000	5 000
Total Current Assets	31 000	24 000	903 000	3 441 000
Total Assets	4 637 000	4 629 000	4 660 000	3 841 000
Total Equity	3 071 000	2 987 000	2 955 000	510 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	1 519 000	862 000	50 000	150 000
Creditors	25 000	4 000	2 000	1 000
Unpaid Taxes	4 000	0	109 000	0
Dividends	0	0	0	0
Other Current Debt	19 000	768 000	1 512 000	3 100 000
Total Current Debt	47 000	781 000	1 654 000	3 180 000
Total Equity and Debt	4 637 000	4 629 000	4 660 000	3 841 000

Financial indicators	2022	2021	2020	2019
Return on Equity	0,2 %	1,07 %	3,55 %	80,78 %
Debt-to-Equity Ratio	0,49	0,29	0,02	0,29
Operating Profit Margin	44,44 %	52,22 %	65,5 %	14,31 %
Current Ratio	0,66	0,03	0,55	1,08
Quick Ratio	0,66	0,03	0,55	1,08
Equity Ratio	0,66	0,65	0,63	0,13
Gross Profit Margin	100 %	100 %	100 %	16,11 %