G2 OCEAN AS

5004 BERGEN

Finances

Share Ownership

Return on Equity

10,02 %

Current Ratio

0,94

Debt-to-Equity Ratio

0,37

Key figures (USD)	2022	2021	2020	2019
Revenue	2 128 082 000	1 483 575 000	1 116 427 000	1 192 983 000
Net Income	1 579 000	1 853 000	−410 000	−3 151 000
Total Assets	237 488 000	210 997 000	162 423 000	170 989 000
Total Equity	15 758 000	17 066 000	17 533 000	20 100 000

Income (USD)	2022	2021	2020	2019
Revenue	2 128 082 000	1 483 575 000	1 116 427 000	1 192 983 000
Expenditure	2 124 075 000	1 480 130 000	1 108 542 000	1 186 739 000
Operating Profit	4 007 000	3 445 000	7 885 000	6 244 000
Financial Income	0	0	0	0
Financial Costs	2 069 000	1 713 000	7 134 000	10 892 000
Financial Balance	−2 069 000	−1 713 000	−7 134 000	−10 892 000
Earnings Before Tax	1 938 000	1 732 000	751 000	−4 648 000
Tax	359 000	−121 000	1 161 000	−1 497 000
Net Income	1 579 000	1 853 000	−410 000	−3 151 000

Balance (USD)	2022	2021	2020	2019
Total Fixed Assets	35 198 000	34 258 000	33 886 000	41 069 000
Total Current Assets	202 290 000	176 739 000	128 537 000	129 920 000
Total Assets	237 488 000	210 997 000	162 423 000	170 989 000
Total Retained Equity	−12 365 000	−11 057 000	−10 590 000	−8 023 000
Total Equity	15 758 000	17 066 000	17 533 000	20 100 000
Total Long-Term Debt	5 754 000	8 924 000	12 397 000	14 633 000
Total Current Debt	215 976 000	185 007 000	132 493 000	136 257 000
Total Equity and Debt	237 488 000	210 997 000	162 423 000	170 990 000

Cash flow (USD)	2022	2021	2020	2019
Sales Income	2 128 082 000	1 483 575 000	1 116 427 000	1 192 983 000
Other Income	0	0	0	0
Revenue	2 128 082 000	1 483 575 000	1 116 427 000	1 192 983 000
Cost of Goods Sold	1 200 957 000	873 849 000	0	651 391 000
Salary Costs	0	0	0	0
Depreciation	6 293 000	6 207 000	6 564 000	6 082 000
Impairment	0	0	0	0
Expenditure	2 124 075 000	1 480 130 000	1 108 542 000	1 186 739 000
Operating Profit	4 007 000	3 445 000	7 885 000	6 244 000
Financial Income	0	0	0	0
Financial Costs	2 069 000	1 713 000	7 134 000	10 892 000
Financial Balance	−2 069 000	−1 713 000	−7 134 000	−10 892 000
Dividends	0	0	0	0
Net Income	1 579 000	1 853 000	−410 000	−3 151 000

Balance details (USD)	2022	2021	2020	2019
Goodwill	0	231 000	922 000	1 614 000
Total Intangible Assets	1 259 000	585 000	922 000	2 307 000
Real Eastate	0	0	0	0
Machinery and Plant Facilities	23 777 000	23 590 000	0	0
Fixtures	0	0	22 094 000	24 450 000
Total Tangible Assets	23 777 000	23 590 000	22 094 000	24 450 000
Total Fiancial Fixed Assets	10 162 000	10 083 000	10 870 000	14 312 000
Total Fixed Assets	35 198 000	34 258 000	33 886 000	41 069 000
Stock	72 994 000	61 289 000	41 131 000	54 306 000
Total Investments	0	0	0	0
Cash, Bank	3 257 000	1 912 000	2 802 000	797 000
Total Current Assets	202 290 000	176 739 000	128 537 000	129 920 000
Total Assets	237 488 000	210 997 000	162 423 000	170 989 000
Total Equity	15 758 000	17 066 000	17 533 000	20 100 000
Short-Term Group Debt	2 387 000	2 982 000	2 377 000	3 706 000
Total Long-Term Debt	5 754 000	8 924 000	12 397 000	14 633 000
Creditors	39 781 000	17 602 000	10 042 000	12 317 000
Unpaid Taxes	640 000	826 000	973 000	866 000
Dividends	0	0	0	0
Other Current Debt	150 972 000	146 531 000	101 550 000	117 324 000
Total Current Debt	215 976 000	185 007 000	132 493 000	136 257 000
Total Equity and Debt	237 488 000	210 997 000	162 423 000	170 990 000

Financial indicators	2022	2021	2020	2019
Return on Equity	10,02 %	10,86 %	−2,34 %	−15,68 %
Debt-to-Equity Ratio	0,37	0,52	0,71	0,73
Operating Profit Margin	0,19 %	0,23 %	0,71 %	0,52 %
Current Ratio	0,94	0,96	0,97	0,95
Quick Ratio	1,41	1,43	1,41	1,59
Equity Ratio	0,07	0,08	0,11	0,12
Gross Profit Margin	43,57 %	41,1 %	100 %	45,4 %