GLOBAL OCEAN TECHNOLOGY AS

4515 MANDAL

Finances

Return on Equity

−18,86 %

Current Ratio

0,2

Debt-to-Equity Ratio

0,01

Key figures (NOK)	2022	2021	2020	2019
Revenue	3 768 000	227 000	6 958 000	10 391 000
Net Income	−7 338 000	−7 003 000	−33 788 000	−10 276 000
Total Assets	77 719 000	64 232 000	58 168 000	63 692 000
Total Equity	38 899 000	36 236 000	26 864 000	−7 897 000

Income (NOK)	2022	2021	2020	2019
Revenue	3 768 000	227 000	6 958 000	10 391 000
Expenditure	12 973 000	9 379 000	17 845 000	14 918 000
Operating Profit	−9 205 000	−9 151 000	−10 887 000	−4 526 000
Financial Income	2 106 000	1 515 000	2 165 000	724 000
Financial Costs	2 308 000	1 544 000	27 288 000	7 768 000
Financial Balance	−202 000	−29 000	−25 123 000	−7 044 000
Earnings Before Tax	−9 407 000	−9 179 000	−36 011 000	−11 571 000
Tax	−2 069 000	−2 176 000	−2 222 000	−1 294 000
Net Income	−7 338 000	−7 003 000	−33 788 000	−10 276 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	69 916 000	58 225 000	44 576 000	42 114 000
Total Current Assets	7 804 000	6 008 000	13 592 000	21 578 000
Total Assets	77 719 000	64 232 000	58 168 000	63 692 000
Total Retained Equity	0	0	738 000	−19 369 000
Total Equity	38 899 000	36 236 000	26 864 000	−7 897 000
Total Long-Term Debt	359 000	607 000	838 000	31 534 000
Total Current Debt	38 461 000	27 389 000	30 466 000	40 055 000
Total Equity and Debt	77 719 000	64 232 000	58 168 000	63 692 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	3 768 000	227 000	5 378 000	9 422 000
Other Income	0	0	1 581 000	970 000
Revenue	3 768 000	227 000	6 958 000	10 391 000
Cost of Goods Sold	47 000	10 000	0	1 000
Salary Costs	5 593 000	4 306 000	7 066 000	11 335 000
Depreciation	1 091 000	1 015 000	629 000	131 000
Impairment	0	0	0	0
Expenditure	12 973 000	9 379 000	17 845 000	14 918 000
Operating Profit	−9 205 000	−9 151 000	−10 887 000	−4 526 000
Financial Income	2 106 000	1 515 000	2 165 000	724 000
Financial Costs	2 308 000	1 544 000	27 288 000	7 768 000
Financial Balance	−202 000	−29 000	−25 123 000	−7 044 000
Dividends	0	0	0	0
Net Income	−7 338 000	−7 003 000	−33 788 000	−10 276 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	14 151 000	12 774 000	6 078 000	3 346 000
Real Eastate	0	0	0	437 000
Machinery and Plant Facilities	231 000	472 000	547 000	621 000
Fixtures	1 624 000	1 475 000	1 521 000	557 000
Total Tangible Assets	1 855 000	1 948 000	2 068 000	1 615 000
Total Fiancial Fixed Assets	53 909 000	43 503 000	36 430 000	37 153 000
Total Fixed Assets	69 916 000	58 225 000	44 576 000	42 114 000
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	1 569 000	1 226 000	789 000	436 000
Total Current Assets	7 804 000	6 008 000	13 592 000	21 578 000
Total Assets	77 719 000	64 232 000	58 168 000	63 692 000
Total Equity	38 899 000	36 236 000	26 864 000	−7 897 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	359 000	607 000	838 000	31 534 000
Creditors	1 727 000	1 521 000	2 503 000	3 619 000
Unpaid Taxes	277 000	191 000	476 000	657 000
Dividends	0	0	0	0
Other Current Debt	574 000	508 000	1 471 000	3 041 000
Total Current Debt	38 461 000	27 389 000	30 466 000	40 055 000
Total Equity and Debt	77 719 000	64 232 000	58 168 000	63 692 000

Financial indicators	2022	2021	2020	2019
Return on Equity	−18,86 %	−19,33 %	−125,77 %	130,13 %
Debt-to-Equity Ratio	0,01	0,02	0,03	−3,99
Operating Profit Margin	−244,29 %	−4 031,28 %	−156,47 %	−43,56 %
Current Ratio	0,2	0,22	0,45	0,54
Quick Ratio	0,2	0,22	0,45	0,54
Equity Ratio	0,5	0,56	0,46	−0,12
Gross Profit Margin	98,75 %	95,59 %	100 %	99,99 %