INOCEAN AS

0250 OSLO

Finances

Return on Equity

27 %

Current Ratio

1,76

Debt-to-Equity Ratio

0,33

Key figures (NOK)	2022	2021	2020	2019
Revenue	65 827 000	56 408 000	29 785 000	9 593 000
Net Income	4 971 000	4 866 000	−4 839 000	−2 839 000
Total Assets	41 494 000	30 565 000	17 628 000	8 188 000
Total Equity	18 408 000	13 437 000	8 571 000	3 211 000

Income (NOK)	2022	2021	2020	2019
Revenue	65 827 000	56 408 000	29 785 000	9 593 000
Expenditure	59 764 000	50 003 000	37 207 000	12 742 000
Operating Profit	6 062 000	6 405 000	−7 421 000	−3 149 000
Financial Income	1 643 000	484 000	1 472 000	58 000
Financial Costs	1 313 000	645 000	582 000	316 000
Financial Balance	330 000	−161 000	890 000	−258 000
Earnings Before Tax	6 392 000	6 244 000	−6 532 000	−3 406 000
Tax	1 421 000	1 378 000	−1 693 000	−567 000
Net Income	4 971 000	4 866 000	−4 839 000	−2 839 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	11 576 000	5 940 000	5 042 000	1 973 000
Total Current Assets	29 918 000	24 625 000	12 586 000	6 214 000
Total Assets	41 494 000	30 565 000	17 628 000	8 188 000
Total Retained Equity	16 415 000	11 444 000	6 578 000	1 218 000
Total Equity	18 408 000	13 437 000	8 571 000	3 211 000
Total Long-Term Debt	6 124 000	130 000	650 000	0
Total Current Debt	16 962 000	16 998 000	8 407 000	4 977 000
Total Equity and Debt	41 494 000	30 565 000	17 628 000	8 188 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	65 225 000	54 856 000	28 566 000	9 192 000
Other Income	602 000	1 551 000	1 219 000	401 000
Revenue	65 827 000	56 408 000	29 785 000	9 593 000
Cost of Goods Sold	17 138 000	14 849 000	3 698 000	8 225 000
Salary Costs	31 464 000	25 177 000	25 515 000	1 756 000
Depreciation	2 794 000	2 460 000	66 000	50 000
Impairment	0	0	0	0
Expenditure	59 764 000	50 003 000	37 207 000	12 742 000
Operating Profit	6 062 000	6 405 000	−7 421 000	−3 149 000
Financial Income	1 643 000	484 000	1 472 000	58 000
Financial Costs	1 313 000	645 000	582 000	316 000
Financial Balance	330 000	−161 000	890 000	−258 000
Dividends	0	0	0	0
Net Income	4 971 000	4 866 000	−4 839 000	−2 839 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	49 000	1 436 000	2 814 000	1 121 000
Real Eastate	0	0	0	0
Machinery and Plant Facilities	0	0	0	0
Fixtures	579 000	25 000	123 000	111 000
Total Tangible Assets	579 000	25 000	123 000	111 000
Total Fiancial Fixed Assets	10 948 000	4 478 000	2 105 000	741 000
Total Fixed Assets	11 576 000	5 940 000	5 042 000	1 973 000
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	14 623 000	6 304 000	5 241 000	2 231 000
Total Current Assets	29 918 000	24 625 000	12 586 000	6 214 000
Total Assets	41 494 000	30 565 000	17 628 000	8 188 000
Total Equity	18 408 000	13 437 000	8 571 000	3 211 000
Short-Term Group Debt	2 996 000	1 723 000	328 000	2 710 000
Total Long-Term Debt	6 124 000	130 000	650 000	0
Creditors	1 379 000	4 129 000	860 000	294 000
Unpaid Taxes	5 410 000	1 265 000	1 857 000	107 000
Dividends	0	0	0	0
Other Current Debt	7 143 000	9 360 000	3 777 000	786 000
Total Current Debt	16 962 000	16 998 000	8 407 000	4 977 000
Total Equity and Debt	41 494 000	30 565 000	17 628 000	8 188 000

Financial indicators	2022	2021	2020	2019
Return on Equity	27 %	36,21 %	−56,46 %	−88,41 %
Debt-to-Equity Ratio	0,33	0,01	0,08	0
Operating Profit Margin	9,21 %	11,35 %	−24,92 %	−32,83 %
Current Ratio	1,76	1,45	1,5	1,25
Quick Ratio	1,76	1,45	1,5	1,25
Equity Ratio	0,44	0,44	0,49	0,39
Gross Profit Margin	73,97 %	73,68 %	87,58 %	14,26 %