NORTHERN OCEAN MANAGEMENT NORWAY AS

4021 STAVANGER

Finances

Share Ownership

Return on Equity

32,46 %

Current Ratio

1,18

Debt-to-Equity Ratio

0,02

Key figures (USD)	2022	2021	2020	2019
Revenue	2 912 000	3 742 000	1 198 000	756 000
Net Income	62 000	157 000	24 000	−51 000
Total Assets	1 189 000	1 092 000	949 000	225 000
Total Equity	191 000	129 000	−28 000	−47 000

Income (USD)	2022	2021	2020	2019
Revenue	2 912 000	3 742 000	1 198 000	756 000
Expenditure	2 760 000	3 498 000	1 155 000	836 000
Operating Profit	152 000	244 000	42 000	−80 000
Financial Income	7 000	0	1 000	40 000
Financial Costs	108 000	45 000	12 000	3 000
Financial Balance	−101 000	−45 000	−11 000	37 000
Earnings Before Tax	51 000	199 000	31 000	−43 000
Tax	−10 000	42 000	7 000	7 000
Net Income	62 000	157 000	24 000	−51 000

Balance (USD)	2022	2021	2020	2019
Total Fixed Assets	17 000	5 000	1 000	2 000
Total Current Assets	1 172 000	1 087 000	948 000	223 000
Total Assets	1 189 000	1 092 000	949 000	225 000
Total Retained Equity	187 000	126 000	−31 000	−51 000
Total Equity	191 000	129 000	−28 000	−47 000
Total Long-Term Debt	4 000	0	0	0
Total Current Debt	994 000	962 000	977 000	271 000
Total Equity and Debt	1 189 000	1 092 000	949 000	225 000

Cash flow (USD)	2022	2021	2020	2019
Sales Income	2 912 000	3 742 000	1 198 000	756 000
Other Income	0	0	0	0
Revenue	2 912 000	3 742 000	1 198 000	756 000
Cost of Goods Sold	0	0	0	0
Salary Costs	2 358 000	2 788 000	842 000	643 000
Depreciation	3 000	1 000	0	0
Impairment	0	0	0	0
Expenditure	2 760 000	3 498 000	1 155 000	836 000
Operating Profit	152 000	244 000	42 000	−80 000
Financial Income	7 000	0	1 000	40 000
Financial Costs	108 000	45 000	12 000	3 000
Financial Balance	−101 000	−45 000	−11 000	37 000
Dividends	0	0	0	0
Net Income	62 000	157 000	24 000	−51 000

Balance details (USD)	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	17 000	5 000	1 000	2 000
Total Tangible Assets	17 000	5 000	1 000	2 000
Total Fiancial Fixed Assets	0	0	0	0
Total Fixed Assets	17 000	5 000	1 000	2 000
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	935 000	291 000	244 000	176 000
Total Current Assets	1 172 000	1 087 000	948 000	223 000
Total Assets	1 189 000	1 092 000	949 000	225 000
Total Equity	191 000	129 000	−28 000	−47 000
Short-Term Group Debt	0	0	708 000	210 000
Total Long-Term Debt	4 000	0	0	0
Creditors	0	0	0	0
Unpaid Taxes	25 000	21 000	23 000	6 000
Dividends	0	0	0	0
Other Current Debt	967 000	899 000	239 000	48 000
Total Current Debt	994 000	962 000	977 000	271 000
Total Equity and Debt	1 189 000	1 092 000	949 000	225 000

Financial indicators	2022	2021	2020	2019
Return on Equity	32,46 %	121,71 %	−85,71 %	108,51 %
Debt-to-Equity Ratio	0,02	0	−0	−0
Operating Profit Margin	5,22 %	6,52 %	3,51 %	−10,58 %
Current Ratio	1,18	1,13	0,97	0,82
Quick Ratio	1,18	1,13	0,97	0,82
Equity Ratio	0,16	0,12	−0,03	−0,21
Gross Profit Margin	100 %	100 %	100 %	100 %