OCEAN RETURN AS

6518 KRISTIANSUND N

Finances

Share Ownership

Return on Equity

−54,67 %

Current Ratio

0,07

Debt-to-Equity Ratio

5,17

Key figures (NOK)	2021	2020	2019
Revenue	2 076 000	12 149 000	53 000
Net Income	−3 190 000	7 436 000	16 000
Total Assets	60 250 000	58 003 000	2 499 000
Total Equity	5 835 000	9 025 000	39 000

Income (NOK)	2021	2020	2019
Revenue	2 076 000	12 149 000	53 000
Expenditure	5 068 000	1 756 000	32 000
Operating Profit	−2 994 000	10 393 000	21 000
Financial Income	0	0	0
Financial Costs	1 096 000	860 000	0
Financial Balance	−1 096 000	−860 000	0
Earnings Before Tax	−4 090 000	9 533 000	21 000
Tax	−900 000	2 097 000	5 000
Net Income	−3 190 000	7 436 000	16 000

Balance (NOK)	2021	2020	2019
Total Fixed Assets	58 568 000	37 936 000	1 854 000
Total Current Assets	1 682 000	20 067 000	645 000
Total Assets	60 250 000	58 003 000	2 499 000
Total Retained Equity	2 662 000	5 852 000	16 000
Total Equity	5 835 000	9 025 000	39 000
Total Long-Term Debt	30 183 000	26 427 000	5 000
Total Current Debt	24 231 000	22 551 000	2 455 000
Total Equity and Debt	60 250 000	58 003 000	2 499 000

Cash flow (NOK)	2021	2020	2019
Sales Income	2 076 000	847 000	53 000
Other Income	0	11 302 000	0
Revenue	2 076 000	12 149 000	53 000
Cost of Goods Sold	90 000	906 000	0
Salary Costs	0	0	0
Depreciation	4 538 000	704 000	17 000
Impairment	0	0	0
Expenditure	5 068 000	1 756 000	32 000
Operating Profit	−2 994 000	10 393 000	21 000
Financial Income	0	0	0
Financial Costs	1 096 000	860 000	0
Financial Balance	−1 096 000	−860 000	0
Dividends	0	0	0
Net Income	−3 190 000	7 436 000	16 000

Balance details (NOK)	2021	2020	2019
Goodwill	0	0	0
Total Intangible Assets	0	0	0
Real Eastate	255 000	0	0
Machinery and Plant Facilities	496 000	2 268 000	0
Fixtures	57 782 000	35 491 000	1 854 000
Total Tangible Assets	58 568 000	37 936 000	1 854 000
Total Fiancial Fixed Assets	0	0	0
Total Fixed Assets	58 568 000	37 936 000	1 854 000
Stock	0	0	0
Total Investments	0	0	0
Cash, Bank	0	93 000	150 000
Total Current Assets	1 682 000	20 067 000	645 000
Total Assets	60 250 000	58 003 000	2 499 000
Total Equity	5 835 000	9 025 000	39 000
Short-Term Group Debt	0	0	0
Total Long-Term Debt	30 183 000	26 427 000	5 000
Creditors	580 000	19 074 000	2 354 000
Unpaid Taxes	0	0	0
Dividends	0	0	0
Other Current Debt	23 650 000	3 477 000	101 000
Total Current Debt	24 231 000	22 551 000	2 455 000
Total Equity and Debt	60 250 000	58 003 000	2 499 000

Financial indicators	2021	2020	2019
Return on Equity	−54,67 %	82,39 %	41,03 %
Debt-to-Equity Ratio	5,17	2,93	0,13
Operating Profit Margin	−144,22 %	85,55 %	39,62 %
Current Ratio	0,07	0,89	0,26
Quick Ratio	0,07	0,89	0,26
Equity Ratio	0,1	0,16	0,02
Gross Profit Margin	95,66 %	92,54 %	100 %