OCEAN TECHNOLOGIES GROUP NORWAY AS

3189 HORTEN

Finances

Share Ownership

Return on Equity

−15,81 %

Current Ratio

1,61

Debt-to-Equity Ratio

1,31

Key figures (NOK)	2022	2021	2020	2019
Revenue	280 951 000	285 160 000	282 968 000	255 873 000
Net Income	−8 981 000	−597 000	19 895 000	−8 370 000
Total Assets	311 290 000	273 352 000	320 567 000	262 991 000
Total Equity	56 800 000	60 275 000	61 674 000	46 802 000

Income (NOK)	2022	2021	2020	2019
Revenue	280 951 000	285 160 000	282 968 000	255 873 000
Expenditure	315 569 000	289 542 000	284 050 000	258 822 000
Operating Profit	−34 619 000	−4 382 000	−1 081 000	−2 949 000
Financial Income	64 862 000	25 125 000	37 950 000	6 410 000
Financial Costs	42 446 000	21 446 000	11 263 000	14 066 000
Financial Balance	22 416 000	3 679 000	26 687 000	−7 656 000
Earnings Before Tax	−12 203 000	−703 000	25 606 000	−10 605 000
Tax	−3 223 000	−106 000	5 711 000	−2 234 000
Net Income	−8 981 000	−597 000	19 895 000	−8 370 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	21 776 000	18 674 000	18 974 000	17 456 000
Total Current Assets	289 514 000	254 678 000	301 593 000	245 535 000
Total Assets	311 290 000	273 352 000	320 567 000	262 991 000
Total Retained Equity	13 640 000	28 396 000	29 794 000	14 923 000
Total Equity	56 800 000	60 275 000	61 674 000	46 802 000
Total Long-Term Debt	74 209 000	0	0	0
Total Current Debt	180 281 000	213 078 000	258 894 000	216 188 000
Total Equity and Debt	311 290 000	273 352 000	320 567 000	262 991 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	280 951 000	285 160 000	282 756 000	255 873 000
Other Income	0	0	212 000	0
Revenue	280 951 000	285 160 000	282 968 000	255 873 000
Cost of Goods Sold	174 790 000	141 839 000	133 559 000	125 025 000
Salary Costs	63 337 000	74 993 000	76 592 000	67 977 000
Depreciation	7 433 000	7 679 000	3 737 000	3 584 000
Impairment	0	0	0	0
Expenditure	315 569 000	289 542 000	284 050 000	258 822 000
Operating Profit	−34 619 000	−4 382 000	−1 081 000	−2 949 000
Financial Income	64 862 000	25 125 000	37 950 000	6 410 000
Financial Costs	42 446 000	21 446 000	11 263 000	14 066 000
Financial Balance	22 416 000	3 679 000	26 687 000	−7 656 000
Dividends	0	0	0	0
Net Income	−8 981 000	−597 000	19 895 000	−8 370 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	4 319 000	2 750 000	2 171 000	6 194 000
Real Eastate	0	0	0	0
Machinery and Plant Facilities	0	0	0	0
Fixtures	13 045 000	11 391 000	14 302 000	8 691 000
Total Tangible Assets	13 133 000	11 515 000	14 487 000	8 810 000
Total Fiancial Fixed Assets	4 324 000	4 409 000	2 316 000	2 453 000
Total Fixed Assets	21 776 000	18 674 000	18 974 000	17 456 000
Stock	2 240 000	2 794 000	5 377 000	1 737 000
Total Investments	0	0	0	0
Cash, Bank	87 275 000	4 003 000	2 950 000	1 334 000
Total Current Assets	289 514 000	254 678 000	301 593 000	245 535 000
Total Assets	311 290 000	273 352 000	320 567 000	262 991 000
Total Equity	56 800 000	60 275 000	61 674 000	46 802 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	74 209 000	0	0	0
Creditors	6 177 000	19 951 000	3 079 000	4 558 000
Unpaid Taxes	6 235 000	3 076 000	4 733 000	3 797 000
Dividends	0	0	0	0
Other Current Debt	167 868 000	190 051 000	251 082 000	207 833 000
Total Current Debt	180 281 000	213 078 000	258 894 000	216 188 000
Total Equity and Debt	311 290 000	273 352 000	320 567 000	262 991 000

Financial indicators	2022	2021	2020	2019
Return on Equity	−15,81 %	−0,99 %	32,26 %	−17,88 %
Debt-to-Equity Ratio	1,31	0	0	0
Operating Profit Margin	−12,32 %	−1,54 %	−0,38 %	−1,15 %
Current Ratio	1,61	1,2	1,16	1,14
Quick Ratio	1,63	1,21	1,19	1,14
Equity Ratio	0,18	0,22	0,19	0,18
Gross Profit Margin	37,79 %	50,26 %	52,8 %	51,14 %