OCEAN RECRUITMENT & COMPETENCE AS

5954 MONGSTAD

Finances

Share Ownership

Return on Equity

40,66 %

Current Ratio

1,25

Debt-to-Equity Ratio

0,09

Key figures (NOK)	2022	2021	2020	2019
Revenue	21 321 000	13 990 000	8 009 000	7 891 000
Net Income	2 427 000	2 477 000	1 289 000	736 000
Total Assets	12 155 000	8 663 000	4 085 000	3 073 000
Total Equity	5 969 000	4 542 000	2 264 000	1 175 000

Income (NOK)	2022	2021	2020	2019
Revenue	21 321 000	13 990 000	8 009 000	7 891 000
Expenditure	18 114 000	10 812 000	6 358 000	6 948 000
Operating Profit	3 207 000	3 178 000	1 652 000	944 000
Financial Income	4 000	2 000	2 000	0
Financial Costs	27 000	1 000	0	1 000
Financial Balance	−23 000	1 000	2 000	−1 000
Earnings Before Tax	3 184 000	3 179 000	1 653 000	943 000
Tax	757 000	702 000	364 000	208 000
Net Income	2 427 000	2 477 000	1 289 000	736 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	5 070 000	4 403 000	1 080 000	563 000
Total Current Assets	7 085 000	4 260 000	3 006 000	2 511 000
Total Assets	12 155 000	8 663 000	4 085 000	3 073 000
Total Retained Equity	5 929 000	4 502 000	2 224 000	1 135 000
Total Equity	5 969 000	4 542 000	2 264 000	1 175 000
Total Long-Term Debt	538 000	32 000	34 000	30 000
Total Current Debt	5 648 000	4 090 000	1 787 000	1 868 000
Total Equity and Debt	12 155 000	8 663 000	4 085 000	3 073 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	20 487 000	13 305 000	7 258 000	7 841 000
Other Income	833 000	685 000	751 000	50 000
Revenue	21 321 000	13 990 000	8 009 000	7 891 000
Cost of Goods Sold	1 081 000	1 724 000	815 000	906 000
Salary Costs	13 928 000	7 024 000	3 898 000	4 792 000
Depreciation	647 000	386 000	207 000	28 000
Impairment	0	0	0	0
Expenditure	18 114 000	10 812 000	6 358 000	6 948 000
Operating Profit	3 207 000	3 178 000	1 652 000	944 000
Financial Income	4 000	2 000	2 000	0
Financial Costs	27 000	1 000	0	1 000
Financial Balance	−23 000	1 000	2 000	−1 000
Dividends	1 000 000	200 000	200 000	0
Net Income	2 427 000	2 477 000	1 289 000	736 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	0	0	0	0
Real Eastate	2 975 000	3 005 000	0	0
Machinery and Plant Facilities	2 095 000	1 398 000	1 080 000	506 000
Fixtures	0	0	0	56 000
Total Tangible Assets	5 070 000	4 403 000	1 080 000	563 000
Total Fiancial Fixed Assets	0	0	0	0
Total Fixed Assets	5 070 000	4 403 000	1 080 000	563 000
Stock	20 000	20 000	66 000	43 000
Total Investments	0	0	0	0
Cash, Bank	3 335 000	1 430 000	902 000	996 000
Total Current Assets	7 085 000	4 260 000	3 006 000	2 511 000
Total Assets	12 155 000	8 663 000	4 085 000	3 073 000
Total Equity	5 969 000	4 542 000	2 264 000	1 175 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	538 000	32 000	34 000	30 000
Creditors	311 000	594 000	392 000	966 000
Unpaid Taxes	1 839 000	966 000	506 000	332 000
Dividends	1 000 000	200 000	200 000	0
Other Current Debt	1 710 000	1 626 000	330 000	393 000
Total Current Debt	5 648 000	4 090 000	1 787 000	1 868 000
Total Equity and Debt	12 155 000	8 663 000	4 085 000	3 073 000

Financial indicators	2022	2021	2020	2019
Return on Equity	40,66 %	54,54 %	56,93 %	62,64 %
Debt-to-Equity Ratio	0,09	0,01	0,02	0,03
Operating Profit Margin	15,04 %	22,72 %	20,63 %	11,96 %
Current Ratio	1,25	1,04	1,68	1,34
Quick Ratio	1,26	1,05	1,75	1,38
Equity Ratio	0,49	0,52	0,55	0,38
Gross Profit Margin	94,93 %	87,68 %	89,82 %	88,52 %