OFFSHORE COMPOSITES AS

3234 SANDEFJORD

Finances

Return on Equity

−6,21 %

Current Ratio

34,97

Debt-to-Equity Ratio

Key figures (NOK)	2022	2021	2020	2019
Revenue	1 496 000	1 473 000	1 300 000	1 210 000
Net Income	−875 000	1 671 000	2 461 000	327 000
Total Assets	14 491 000	15 293 000	13 623 000	8 154 000
Total Equity	14 088 000	14 963 000	13 292 000	7 831 000

Income (NOK)	2022	2021	2020	2019
Revenue	1 496 000	1 473 000	1 300 000	1 210 000
Expenditure	1 345 000	1 395 000	1 248 000	1 152 000
Operating Profit	151 000	78 000	52 000	58 000
Financial Income	113 000	1 613 000	2 881 000	290 000
Financial Costs	1 069 000	0	446 000	1 000
Financial Balance	−956 000	1 613 000	2 435 000	289 000
Earnings Before Tax	−806 000	1 691 000	2 487 000	347 000
Tax	69 000	20 000	26 000	20 000
Net Income	−875 000	1 671 000	2 461 000	327 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	399 000	399 000	159 000	605 000
Total Current Assets	14 092 000	14 894 000	13 464 000	7 549 000
Total Assets	14 491 000	15 293 000	13 623 000	8 154 000
Total Retained Equity	10 982 000	11 858 000	10 187 000	7 726 000
Total Equity	14 088 000	14 963 000	13 292 000	7 831 000
Total Long-Term Debt	0	0	0	0
Total Current Debt	403 000	330 000	331 000	322 000
Total Equity and Debt	14 491 000	15 293 000	13 623 000	8 154 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	1 496 000	1 473 000	1 300 000	1 210 000
Other Income	0	0	0	0
Revenue	1 496 000	1 473 000	1 300 000	1 210 000
Cost of Goods Sold	0	0	0	0
Salary Costs	1 088 000	1 074 000	1 019 000	1 047 000
Depreciation	0	0	0	0
Impairment	0	0	0	0
Expenditure	1 345 000	1 395 000	1 248 000	1 152 000
Operating Profit	151 000	78 000	52 000	58 000
Financial Income	113 000	1 613 000	2 881 000	290 000
Financial Costs	1 069 000	0	446 000	1 000
Financial Balance	−956 000	1 613 000	2 435 000	289 000
Dividends	0	0	0	0
Net Income	−875 000	1 671 000	2 461 000	327 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	0	0	0	0
Real Eastate	0	0	0	0
Machinery and Plant Facilities	0	0	0	0
Fixtures	0	0	0	0
Total Tangible Assets	0	0	0	0
Total Fiancial Fixed Assets	399 000	399 000	159 000	605 000
Total Fixed Assets	399 000	399 000	159 000	605 000
Stock	0	0	0	0
Total Investments	13 247 000	14 365 000	12 635 000	6 976 000
Cash, Bank	513 000	390 000	693 000	357 000
Total Current Assets	14 092 000	14 894 000	13 464 000	7 549 000
Total Assets	14 491 000	15 293 000	13 623 000	8 154 000
Total Equity	14 088 000	14 963 000	13 292 000	7 831 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	0	0	0	0
Creditors	4 000	4 000	6 000	7 000
Unpaid Taxes	154 000	152 000	146 000	129 000
Dividends	0	0	0	0
Other Current Debt	175 000	154 000	153 000	166 000
Total Current Debt	403 000	330 000	331 000	322 000
Total Equity and Debt	14 491 000	15 293 000	13 623 000	8 154 000

Financial indicators	2022	2021	2020	2019
Return on Equity	−6,21 %	11,17 %	18,51 %	4,18 %
Debt-to-Equity Ratio	0	0	0	0
Operating Profit Margin	10,09 %	5,3 %	4 %	4,79 %
Current Ratio	34,97	45,13	40,68	23,44
Quick Ratio	34,97	45,13	40,68	23,44
Equity Ratio	0,97	0,98	0,98	0,96
Gross Profit Margin	100 %	100 %	100 %	100 %