NOROCEAN AS

5355 KNARREVIK

Finances

Return on Equity

325,53 %

Current Ratio

1,1

Debt-to-Equity Ratio

Key figures (NOK)	2022	2021	2020	2019
Revenue	3 274 000	2 793 000	3 298 000	2 595 000
Net Income	765 000	60 000	355 000	−31 000
Total Assets	1 716 000	912 000	2 674 000	2 209 000
Total Equity	235 000	254 000	294 000	1 739 000

Income (NOK)	2022	2021	2020	2019
Revenue	3 274 000	2 793 000	3 298 000	2 595 000
Expenditure	2 279 000	2 716 000	2 839 000	2 650 000
Operating Profit	995 000	77 000	460 000	−55 000
Financial Income	0	0	0	22 000
Financial Costs	10 000	0	0	0
Financial Balance	−10 000	0	0	22 000
Earnings Before Tax	985 000	77 000	460 000	−34 000
Tax	220 000	17 000	105 000	−3 000
Net Income	765 000	60 000	355 000	−31 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	89 000	124 000	203 000	316 000
Total Current Assets	1 628 000	788 000	2 471 000	1 893 000
Total Assets	1 716 000	912 000	2 674 000	2 209 000
Total Retained Equity	135 000	154 000	194 000	907 000
Total Equity	235 000	254 000	294 000	1 739 000
Total Long-Term Debt	0	0	0	10 000
Total Current Debt	1 481 000	659 000	2 380 000	460 000
Total Equity and Debt	1 716 000	912 000	2 674 000	2 209 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	3 274 000	2 793 000	3 298 000	2 352 000
Other Income	0	0	0	243 000
Revenue	3 274 000	2 793 000	3 298 000	2 595 000
Cost of Goods Sold	69 000	0	0	0
Salary Costs	1 635 000	2 123 000	2 168 000	1 487 000
Depreciation	59 000	93 000	118 000	146 000
Impairment	0	0	0	0
Expenditure	2 279 000	2 716 000	2 839 000	2 650 000
Operating Profit	995 000	77 000	460 000	−55 000
Financial Income	0	0	0	22 000
Financial Costs	10 000	0	0	0
Financial Balance	−10 000	0	0	22 000
Dividends	0	0	1 800 000	0
Net Income	765 000	60 000	355 000	−31 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	23 000	17 000	5 000	0
Real Eastate	0	0	0	0
Machinery and Plant Facilities	0	12 000	28 000	44 000
Fixtures	18 000	65 000	140 000	242 000
Total Tangible Assets	18 000	77 000	168 000	286 000
Total Fiancial Fixed Assets	48 000	30 000	30 000	30 000
Total Fixed Assets	89 000	124 000	203 000	316 000
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	574 000	140 000	576 000	381 000
Total Current Assets	1 628 000	788 000	2 471 000	1 893 000
Total Assets	1 716 000	912 000	2 674 000	2 209 000
Total Equity	235 000	254 000	294 000	1 739 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	0	0	0	10 000
Creditors	13 000	0	0	0
Unpaid Taxes	223 000	92 000	108 000	170 000
Dividends	0	0	1 800 000	0
Other Current Debt	1 246 000	566 000	352 000	275 000
Total Current Debt	1 481 000	659 000	2 380 000	460 000
Total Equity and Debt	1 716 000	912 000	2 674 000	2 209 000

Financial indicators	2022	2021	2020	2019
Return on Equity	325,53 %	23,62 %	120,75 %	−1,78 %
Debt-to-Equity Ratio	0	0	0	0,01
Operating Profit Margin	30,39 %	2,76 %	13,95 %	−2,12 %
Current Ratio	1,1	1,2	1,04	4,12
Quick Ratio	1,1	1,2	1,04	4,12
Equity Ratio	0,14	0,28	0,11	0,79
Gross Profit Margin	97,89 %	100 %	100 %	100 %