OFFSHORE TECHNOLOGY AS

5911 ALVERSUND

Finances

Share Ownership

Return on Equity

−193,48 %

Current Ratio

1,07

Debt-to-Equity Ratio

Key figures (NOK)	2022	2021	2020	2019
Revenue	1 605 000	1 801 000	586 000	40 000
Net Income	−178 000	39 000	165 000	−32 000
Total Assets	1 068 000	1 138 000	499 000	255 000
Total Equity	92 000	270 000	231 000	66 000

Income (NOK)	2022	2021	2020	2019
Revenue	1 605 000	1 801 000	586 000	40 000
Expenditure	1 775 000	1 756 000	418 000	69 000
Operating Profit	−171 000	45 000	168 000	−29 000
Financial Income	1 000	0	0	0
Financial Costs	8 000	6 000	3 000	3 000
Financial Balance	−7 000	−6 000	−3 000	−3 000
Earnings Before Tax	−178 000	39 000	165 000	−32 000
Tax	0	0	0	0
Net Income	−178 000	39 000	165 000	−32 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	26 000	43 000	39 000	0
Total Current Assets	1 042 000	1 095 000	460 000	255 000
Total Assets	1 068 000	1 138 000	499 000	255 000
Total Retained Equity	−8 000	170 000	131 000	−34 000
Total Equity	92 000	270 000	231 000	66 000
Total Long-Term Debt	0	0	0	0
Total Current Debt	975 000	868 000	269 000	189 000
Total Equity and Debt	1 068 000	1 138 000	499 000	255 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	1 605 000	1 801 000	586 000	0
Other Income	0	0	0	40 000
Revenue	1 605 000	1 801 000	586 000	40 000
Cost of Goods Sold	0	0	0	0
Salary Costs	1 310 000	1 549 000	324 000	5 000
Depreciation	17 000	15 000	1 000	0
Impairment	0	0	0	0
Expenditure	1 775 000	1 756 000	418 000	69 000
Operating Profit	−171 000	45 000	168 000	−29 000
Financial Income	1 000	0	0	0
Financial Costs	8 000	6 000	3 000	3 000
Financial Balance	−7 000	−6 000	−3 000	−3 000
Dividends	0	0	0	0
Net Income	−178 000	39 000	165 000	−32 000

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	26 000	43 000	39 000	0
Total Tangible Assets	26 000	43 000	39 000	0
Total Fiancial Fixed Assets	0	0	0	0
Total Fixed Assets	26 000	43 000	39 000	0
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	370 000	215 000	439 000	255 000
Total Current Assets	1 042 000	1 095 000	460 000	255 000
Total Assets	1 068 000	1 138 000	499 000	255 000
Total Equity	92 000	270 000	231 000	66 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	0	0	0	0
Creditors	1 000	−3 000	4 000	8 000
Unpaid Taxes	414 000	426 000	195 000	73 000
Dividends	0	0	0	0
Other Current Debt	560 000	445 000	70 000	108 000
Total Current Debt	975 000	868 000	269 000	189 000
Total Equity and Debt	1 068 000	1 138 000	499 000	255 000

Financial indicators	2022	2021	2020	2019
Return on Equity	−193,48 %	14,44 %	71,43 %	−48,48 %
Debt-to-Equity Ratio	0	0	0	0
Operating Profit Margin	−10,65 %	2,5 %	28,67 %	−72,5 %
Current Ratio	1,07	1,26	1,71	1,35
Quick Ratio	1,07	1,26	1,71	1,35
Equity Ratio	0,09	0,24	0,46	0,26
Gross Profit Margin	100 %	100 %	100 %	100 %