OCEAN SEA AS

5379 STEINSLAND

Finances

Share Ownership

Return on Equity

195,47 %

Current Ratio

0,32

Debt-to-Equity Ratio

−2,61

Key figures (NOK)	2022	2021	2020	2019
Revenue	3 560 000	37 130 000	116 000	62 845 000
Net Income	−25 626 000	16 994 000	−17 401 000	−4 080 000
Total Assets	27 523 000	44 227 000	20 306 000	48 750 000
Total Equity	−13 110 000	12 516 000	−16 978 000	423 000

Income (NOK)	2022	2021	2020	2019
Revenue	3 560 000	37 130 000	116 000	62 845 000
Expenditure	29 214 000	19 192 000	16 042 000	39 353 000
Operating Profit	−25 654 000	17 938 000	−16 716 000	−2 497 000
Financial Income	340 000	62 000	1 000	9 000
Financial Costs	311 000	1 006 000	685 000	1 592 000
Financial Balance	29 000	−944 000	−684 000	−1 583 000
Earnings Before Tax	−25 626 000	16 994 000	−17 401 000	−4 080 000
Tax	0	0	0	0
Net Income	−25 626 000	16 994 000	−17 401 000	−4 080 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	25 463 000	32 254 000	19 696 000	33 029 000
Total Current Assets	2 059 000	11 974 000	610 000	15 722 000
Total Assets	27 523 000	44 227 000	20 306 000	48 750 000
Total Retained Equity	−15 110 000	−7 978 000	−24 972 000	−7 571 000
Total Equity	−13 110 000	12 516 000	−16 978 000	423 000
Total Long-Term Debt	34 282 000	21 938 000	30 813 000	27 885 000
Total Current Debt	6 350 000	9 773 000	6 471 000	20 442 000
Total Equity and Debt	27 523 000	44 227 000	20 306 000	48 750 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	3 560 000	11 004 000	0	58 241 000
Other Income	0	26 126 000	116 000	4 604 000
Revenue	3 560 000	37 130 000	116 000	62 845 000
Cost of Goods Sold	19 211 000	8 384 000	0	0
Salary Costs	0	0	223 000	26 571 000
Depreciation	6 790 000	7 136 000	8 158 000	7 562 000
Impairment	0	0	5 175 000	0
Expenditure	29 214 000	19 192 000	16 042 000	39 353 000
Operating Profit	−25 654 000	17 938 000	−16 716 000	−2 497 000
Financial Income	340 000	62 000	1 000	9 000
Financial Costs	311 000	1 006 000	685 000	1 592 000
Financial Balance	29 000	−944 000	−684 000	−1 583 000
Dividends	0	0	0	0
Net Income	−25 626 000	16 994 000	−17 401 000	−4 080 000

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	4 696 000	9 031 000
Total Tangible Assets	25 463 000	32 254 000	19 696 000	33 029 000
Total Fiancial Fixed Assets	0	0	0	0
Total Fixed Assets	25 463 000	32 254 000	19 696 000	33 029 000
Stock	1 480 000	0	0	0
Total Investments	0	0	0	0
Cash, Bank	55 000	236 000	5 000	193 000
Total Current Assets	2 059 000	11 974 000	610 000	15 722 000
Total Assets	27 523 000	44 227 000	20 306 000	48 750 000
Total Equity	−13 110 000	12 516 000	−16 978 000	423 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	34 282 000	21 938 000	30 813 000	27 885 000
Creditors	4 409 000	2 522 000	346 000	14 352 000
Unpaid Taxes	0	0	0	0
Dividends	0	0	0	0
Other Current Debt	1 941 000	7 251 000	6 030 000	6 090 000
Total Current Debt	6 350 000	9 773 000	6 471 000	20 442 000
Total Equity and Debt	27 523 000	44 227 000	20 306 000	48 750 000

Financial indicators	2022	2021	2020	2019
Return on Equity	195,47 %	135,78 %	102,49 %	−964,54 %
Debt-to-Equity Ratio	−2,61	1,75	−1,81	65,92
Operating Profit Margin	−720,62 %	48,31 %	−14 410,34 %	−3,97 %
Current Ratio	0,32	1,23	0,09	0,77
Quick Ratio	0,42	1,23	0,09	0,77
Equity Ratio	−0,48	0,28	−0,84	0,01
Gross Profit Margin	−439,63 %	77,42 %	100 %	100 %