OCEAN TG NORWAY AS

5059 BERGEN

Finances

Return on Equity

5,93 %

Current Ratio

5,56

Debt-to-Equity Ratio

Key figures (NOK)	2022	2021	2020	2019
Revenue	79 454 000	57 194 000	54 104 000	52 560 000
Net Income	3 709 000	14 443 000	11 631 000	8 290 000
Total Assets	74 750 000	77 131 000	53 988 000	42 677 000
Total Equity	62 571 000	58 863 000	44 420 000	32 789 000

Income (NOK)	2022	2021	2020	2019
Revenue	79 454 000	57 194 000	54 104 000	52 560 000
Expenditure	82 378 000	42 603 000	40 902 000	44 392 000
Operating Profit	−2 924 000	14 592 000	13 202 000	8 169 000
Financial Income	12 276 000	4 326 000	1 015 000	388 000
Financial Costs	5 643 000	1 431 000	1 566 000	267 000
Financial Balance	6 633 000	2 895 000	−551 000	121 000
Earnings Before Tax	3 709 000	17 487 000	12 651 000	8 290 000
Tax	0	3 044 000	1 020 000	0
Net Income	3 709 000	14 443 000	11 631 000	8 290 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	7 059 000	42 678 000	30 284 000	21 140 000
Total Current Assets	67 691 000	34 452 000	23 704 000	21 536 000
Total Assets	74 750 000	77 131 000	53 988 000	42 677 000
Total Retained Equity	62 237 000	58 528 000	44 085 000	32 454 000
Total Equity	62 571 000	58 863 000	44 420 000	32 789 000
Total Long-Term Debt	0	5 227 000	3 827 000	2 966 000
Total Current Debt	12 179 000	13 042 000	5 741 000	6 922 000
Total Equity and Debt	74 750 000	77 131 000	53 988 000	42 677 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	71 067 000	55 342 000	53 071 000	51 449 000
Other Income	8 388 000	1 852 000	1 033 000	1 111 000
Revenue	79 454 000	57 194 000	54 104 000	52 560 000
Cost of Goods Sold	5 256 000	3 822 000	3 282 000	3 426 000
Salary Costs	26 870 000	26 372 000	23 823 000	25 312 000
Depreciation	778 000	523 000	1 151 000	2 107 000
Impairment	34 068 000	0	0	0
Expenditure	82 378 000	42 603 000	40 902 000	44 392 000
Operating Profit	−2 924 000	14 592 000	13 202 000	8 169 000
Financial Income	12 276 000	4 326 000	1 015 000	388 000
Financial Costs	5 643 000	1 431 000	1 566 000	267 000
Financial Balance	6 633 000	2 895 000	−551 000	121 000
Dividends	0	0	0	0
Net Income	3 709 000	14 443 000	11 631 000	8 290 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	5 861 000	41 096 000	28 343 000	19 904 000
Real Eastate	0	0	0	0
Machinery and Plant Facilities	0	0	0	0
Fixtures	459 000	843 000	978 000	273 000
Total Tangible Assets	459 000	843 000	978 000	273 000
Total Fiancial Fixed Assets	739 000	739 000	963 000	963 000
Total Fixed Assets	7 059 000	42 678 000	30 284 000	21 140 000
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	48 524 000	26 295 000	19 052 000	13 106 000
Total Current Assets	67 691 000	34 452 000	23 704 000	21 536 000
Total Assets	74 750 000	77 131 000	53 988 000	42 677 000
Total Equity	62 571 000	58 863 000	44 420 000	32 789 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	0	5 227 000	3 827 000	2 966 000
Creditors	2 393 000	2 397 000	980 000	1 572 000
Unpaid Taxes	1 399 000	1 857 000	1 830 000	2 196 000
Dividends	0	0	0	0
Other Current Debt	8 386 000	8 225 000	2 931 000	3 153 000
Total Current Debt	12 179 000	13 042 000	5 741 000	6 922 000
Total Equity and Debt	74 750 000	77 131 000	53 988 000	42 677 000

Financial indicators	2022	2021	2020	2019
Return on Equity	5,93 %	24,54 %	26,18 %	25,28 %
Debt-to-Equity Ratio	0	0,09	0,09	0,09
Operating Profit Margin	−3,68 %	25,51 %	24,4 %	15,54 %
Current Ratio	5,56	2,64	4,13	3,11
Quick Ratio	5,56	2,64	4,13	3,11
Equity Ratio	0,84	0,76	0,82	0,77
Gross Profit Margin	93,38 %	93,32 %	93,93 %	93,48 %