RED OCEAN AS

0161 OSLO

Finances

Return on Equity

10,87 %

Current Ratio

1,44

Debt-to-Equity Ratio

Key figures (NOK)	2022	2021	2020	2019
Revenue	6 590 000	6 310 000	7 448 000	5 669 000
Net Income	590 000	1 155 000	1 700 000	685 000
Total Assets	8 307 000	9 525 000	8 088 000	6 647 000
Total Equity	5 429 000	5 639 000	5 484 000	4 784 000

Income (NOK)	2022	2021	2020	2019
Revenue	6 590 000	6 310 000	7 448 000	5 669 000
Expenditure	4 966 000	4 429 000	4 579 000	4 628 000
Operating Profit	1 624 000	1 881 000	2 869 000	1 041 000
Financial Income	56 000	493 000	84 000	11 000
Financial Costs	709 000	647 000	597 000	109 000
Financial Balance	−653 000	−154 000	−513 000	−98 000
Earnings Before Tax	971 000	1 726 000	2 355 000	943 000
Tax	381 000	571 000	655 000	258 000
Net Income	590 000	1 155 000	1 700 000	685 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	4 152 000	4 698 000	1 636 000	564 000
Total Current Assets	4 155 000	4 827 000	6 451 000	6 082 000
Total Assets	8 307 000	9 525 000	8 088 000	6 647 000
Total Retained Equity	5 329 000	5 539 000	5 384 000	4 684 000
Total Equity	5 429 000	5 639 000	5 484 000	4 784 000
Total Long-Term Debt	0	0	0	0
Total Current Debt	2 877 000	3 886 000	2 604 000	1 863 000
Total Equity and Debt	8 307 000	9 525 000	8 088 000	6 647 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	6 590 000	6 310 000	7 106 000	5 669 000
Other Income	0	0	342 000	0
Revenue	6 590 000	6 310 000	7 448 000	5 669 000
Cost of Goods Sold	640 000	266 000	399 000	490 000
Salary Costs	3 564 000	3 272 000	3 570 000	3 388 000
Depreciation	0	0	0	0
Impairment	0	0	0	0
Expenditure	4 966 000	4 429 000	4 579 000	4 628 000
Operating Profit	1 624 000	1 881 000	2 869 000	1 041 000
Financial Income	56 000	493 000	84 000	11 000
Financial Costs	709 000	647 000	597 000	109 000
Financial Balance	−653 000	−154 000	−513 000	−98 000
Dividends	800 000	1 000 000	1 000 000	500 000
Net Income	590 000	1 155 000	1 700 000	685 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	0	0	0	0
Real Eastate	452 000	452 000	452 000	452 000
Machinery and Plant Facilities	0	0	0	0
Fixtures	0	0	0	0
Total Tangible Assets	452 000	452 000	452 000	452 000
Total Fiancial Fixed Assets	3 700 000	4 246 000	1 185 000	113 000
Total Fixed Assets	4 152 000	4 698 000	1 636 000	564 000
Stock	0	0	0	0
Total Investments	123 000	216 000	440 000	704 000
Cash, Bank	2 625 000	3 823 000	4 101 000	3 792 000
Total Current Assets	4 155 000	4 827 000	6 451 000	6 082 000
Total Assets	8 307 000	9 525 000	8 088 000	6 647 000
Total Equity	5 429 000	5 639 000	5 484 000	4 784 000
Short-Term Group Debt	856 000	0	0	0
Total Long-Term Debt	0	0	0	0
Creditors	123 000	73 000	0	0
Unpaid Taxes	556 000	465 000	798 000	433 000
Dividends	800 000	1 000 000	1 000 000	500 000
Other Current Debt	337 000	272 000	265 000	787 000
Total Current Debt	2 877 000	3 886 000	2 604 000	1 863 000
Total Equity and Debt	8 307 000	9 525 000	8 088 000	6 647 000

Financial indicators	2022	2021	2020	2019
Return on Equity	10,87 %	20,48 %	31 %	14,32 %
Debt-to-Equity Ratio	0	0	0	0
Operating Profit Margin	24,64 %	29,81 %	38,52 %	18,36 %
Current Ratio	1,44	1,24	2,48	3,26
Quick Ratio	1,44	1,24	2,48	3,26
Equity Ratio	0,65	0,59	0,68	0,72
Gross Profit Margin	90,29 %	95,78 %	94,64 %	91,36 %