STIFTELSEN HUB OCEAN

1366 LYSAKER

Finances

Share Ownership

Return on Equity

37,35 %

Current Ratio

1,07

Debt-to-Equity Ratio

Key figures (NOK)	2022	2021	2020
Revenue	47 758 000	43 395 000	13 255 000
Net Income	561 000	2 748 000	−2 807 000
Total Assets	22 664 000	21 853 000	14 303 000
Total Equity	1 502 000	941 000	−1 807 000

Income (NOK)	2022	2021	2020
Revenue	47 758 000	43 395 000	13 255 000
Expenditure	46 838 000	40 910 000	15 825 000
Operating Profit	919 000	2 484 000	−2 571 000
Financial Income	1 170 000	387 000	132 000
Financial Costs	1 528 000	123 000	368 000
Financial Balance	−358 000	264 000	−236 000
Earnings Before Tax	561 000	2 748 000	−2 807 000
Tax	0	0	0
Net Income	561 000	2 748 000	−2 807 000

Balance (NOK)	2022	2021	2020
Total Fixed Assets	0	0	31 000
Total Current Assets	22 664 000	21 853 000	14 272 000
Total Assets	22 664 000	21 853 000	14 303 000
Total Retained Equity	502 000	−59 000	−2 807 000
Total Equity	1 502 000	941 000	−1 807 000
Total Long-Term Debt	0	0	0
Total Current Debt	21 162 000	20 912 000	16 110 000
Total Equity and Debt	22 664 000	21 853 000	14 303 000

Cash flow (NOK)	2022	2021	2020
Sales Income	47 758 000	43 395 000	13 255 000
Other Income	0	0	0
Revenue	47 758 000	43 395 000	13 255 000
Cost of Goods Sold	0	0	3 000
Salary Costs	28 859 000	24 192 000	5 447 000
Depreciation	0	0	0
Impairment	0	0	0
Expenditure	46 838 000	40 910 000	15 825 000
Operating Profit	919 000	2 484 000	−2 571 000
Financial Income	1 170 000	387 000	132 000
Financial Costs	1 528 000	123 000	368 000
Financial Balance	−358 000	264 000	−236 000
Dividends	0	0	0
Net Income	561 000	2 748 000	−2 807 000

Balance details (NOK)	2022	2021	2020
Goodwill	0	0	0
Total Intangible Assets	0	0	0
Real Eastate	0	0	0
Machinery and Plant Facilities	0	0	0
Fixtures	0	0	31 000
Total Tangible Assets	0	0	31 000
Total Fiancial Fixed Assets	0	0	0
Total Fixed Assets	0	0	31 000
Stock	0	0	0
Total Investments	0	0	0
Cash, Bank	3 038 000	4 875 000	4 369 000
Total Current Assets	22 664 000	21 853 000	14 272 000
Total Assets	22 664 000	21 853 000	14 303 000
Total Equity	1 502 000	941 000	−1 807 000
Short-Term Group Debt	0	0	0
Total Long-Term Debt	0	0	0
Creditors	1 672 000	663 000	604 000
Unpaid Taxes	2 829 000	3 274 000	409 000
Dividends	0	0	0
Other Current Debt	16 660 000	16 975 000	15 098 000
Total Current Debt	21 162 000	20 912 000	16 110 000
Total Equity and Debt	22 664 000	21 853 000	14 303 000

Financial indicators	2022	2021	2020
Return on Equity	37,35 %	292,03 %	155,34 %
Debt-to-Equity Ratio	0	0	−0
Operating Profit Margin	1,92 %	5,72 %	−19,4 %
Current Ratio	1,07	1,04	0,89
Quick Ratio	1,07	1,04	0,89
Equity Ratio	0,07	0,04	−0,13
Gross Profit Margin	100 %	100 %	99,98 %