H2OCEAN AS

6532 AVERØY

Finances

Return on Equity

−66,34 %

Current Ratio

0,67

Debt-to-Equity Ratio

Key figures (NOK)	2022	2021	2020	2019
Revenue	7 000	146 000	367 000	690 000
Net Income	−136 000	−75 000	−38 000	75 000
Total Assets	367 000	520 000	590 000	965 000
Total Equity	205 000	341 000	415 000	454 000

Income (NOK)	2022	2021	2020	2019
Revenue	7 000	146 000	367 000	690 000
Expenditure	145 000	224 000	379 000	596 000
Operating Profit	−138 000	−77 000	−13 000	94 000
Financial Income	2 000	3 000	0	4 000
Financial Costs	0	0	0	1 000
Financial Balance	2 000	3 000	0	3 000
Earnings Before Tax	−136 000	−75 000	−13 000	97 000
Tax	0	0	26 000	22 000
Net Income	−136 000	−75 000	−38 000	75 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	258 000	353 000	339 000	645 000
Total Current Assets	109 000	166 000	251 000	320 000
Total Assets	367 000	520 000	590 000	965 000
Total Retained Equity	175 000	311 000	385 000	424 000
Total Equity	205 000	341 000	415 000	454 000
Total Long-Term Debt	0	0	0	0
Total Current Debt	162 000	179 000	174 000	511 000
Total Equity and Debt	367 000	520 000	590 000	965 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	7 000	10 000	255 000	690 000
Other Income	0	136 000	112 000	0
Revenue	7 000	146 000	367 000	690 000
Cost of Goods Sold	0	5 000	2 000	32 000
Salary Costs	0	0	2 000	−51 000
Depreciation	96 000	145 000	177 000	212 000
Impairment	0	0	0	0
Expenditure	145 000	224 000	379 000	596 000
Operating Profit	−138 000	−77 000	−13 000	94 000
Financial Income	2 000	3 000	0	4 000
Financial Costs	0	0	0	1 000
Financial Balance	2 000	3 000	0	3 000
Dividends	0	0	0	0
Net Income	−136 000	−75 000	−38 000	75 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	0	0	0	26 000
Real Eastate	0	0	0	0
Machinery and Plant Facilities	161 000	219 000	97 000	116 000
Fixtures	88 000	126 000	233 000	494 000
Total Tangible Assets	249 000	344 000	330 000	610 000
Total Fiancial Fixed Assets	9 000	9 000	9 000	9 000
Total Fixed Assets	258 000	353 000	339 000	645 000
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	90 000	148 000	249 000	227 000
Total Current Assets	109 000	166 000	251 000	320 000
Total Assets	367 000	520 000	590 000	965 000
Total Equity	205 000	341 000	415 000	454 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	0	0	0	0
Creditors	0	22 000	18 000	53 000
Unpaid Taxes	0	0	0	17 000
Dividends	0	0	0	0
Other Current Debt	161 000	157 000	157 000	441 000
Total Current Debt	162 000	179 000	174 000	511 000
Total Equity and Debt	367 000	520 000	590 000	965 000

Financial indicators	2022	2021	2020	2019
Return on Equity	−66,34 %	−21,99 %	−9,16 %	16,52 %
Debt-to-Equity Ratio	0	0	0	0
Operating Profit Margin	−1 971,43 %	−52,74 %	−3,54 %	13,62 %
Current Ratio	0,67	0,93	1,44	0,63
Quick Ratio	0,67	0,93	1,44	0,63
Equity Ratio	0,56	0,66	0,7	0,47
Gross Profit Margin	100 %	96,58 %	99,46 %	95,36 %