NTNU OCEAN TRAINING AS

6009 ÅLESUND

Finances

Share Ownership

Return on Equity

3,13 %

Current Ratio

4,18

Debt-to-Equity Ratio

Key figures (NOK)	2022	2021	2020	2019
Revenue	8 604 000	7 594 000	7 926 000	10 671 000
Net Income	105 000	501 000	85 000	476 000
Total Assets	4 237 000	4 583 000	5 335 000	4 891 000
Total Equity	3 358 000	3 252 000	2 751 000	2 666 000

Income (NOK)	2022	2021	2020	2019
Revenue	8 604 000	7 594 000	7 926 000	10 671 000
Expenditure	8 472 000	6 940 000	7 813 000	10 058 000
Operating Profit	131 000	653 000	114 000	614 000
Financial Income	9 000	3 000	9 000	12 000
Financial Costs	1 000	7 000	6 000	15 000
Financial Balance	8 000	−4 000	3 000	−3 000
Earnings Before Tax	139 000	649 000	117 000	611 000
Tax	34 000	148 000	32 000	135 000
Net Income	105 000	501 000	85 000	476 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	560 000	701 000	461 000	395 000
Total Current Assets	3 678 000	3 883 000	4 874 000	4 496 000
Total Assets	4 237 000	4 583 000	5 335 000	4 891 000
Total Retained Equity	3 258 000	3 152 000	2 651 000	2 566 000
Total Equity	3 358 000	3 252 000	2 751 000	2 666 000
Total Long-Term Debt	0	0	0	0
Total Current Debt	879 000	1 331 000	2 584 000	2 225 000
Total Equity and Debt	4 237 000	4 583 000	5 335 000	4 891 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	8 604 000	7 594 000	7 926 000	10 671 000
Other Income	0	0	0	0
Revenue	8 604 000	7 594 000	7 926 000	10 671 000
Cost of Goods Sold	3 965 000	3 376 000	4 184 000	6 373 000
Salary Costs	2 856 000	2 150 000	2 150 000	1 991 000
Depreciation	300 000	174 000	51 000	89 000
Impairment	0	0	0	0
Expenditure	8 472 000	6 940 000	7 813 000	10 058 000
Operating Profit	131 000	653 000	114 000	614 000
Financial Income	9 000	3 000	9 000	12 000
Financial Costs	1 000	7 000	6 000	15 000
Financial Balance	8 000	−4 000	3 000	−3 000
Dividends	0	0	0	0
Net Income	105 000	501 000	85 000	476 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	542 000	672 000	395 000	282 000
Real Eastate	0	0	0	0
Machinery and Plant Facilities	0	0	0	0
Fixtures	17 000	29 000	66 000	113 000
Total Tangible Assets	17 000	29 000	66 000	113 000
Total Fiancial Fixed Assets	0	0	0	0
Total Fixed Assets	560 000	701 000	461 000	395 000
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	3 241 000	3 248 000	4 235 000	3 593 000
Total Current Assets	3 678 000	3 883 000	4 874 000	4 496 000
Total Assets	4 237 000	4 583 000	5 335 000	4 891 000
Total Equity	3 358 000	3 252 000	2 751 000	2 666 000
Short-Term Group Debt	0	208 000	0	177 000
Total Long-Term Debt	0	0	0	0
Creditors	389 000	574 000	2 103 000	368 000
Unpaid Taxes	193 000	93 000	180 000	132 000
Dividends	0	0	0	0
Other Current Debt	298 000	456 000	301 000	1 548 000
Total Current Debt	879 000	1 331 000	2 584 000	2 225 000
Total Equity and Debt	4 237 000	4 583 000	5 335 000	4 891 000

Financial indicators	2022	2021	2020	2019
Return on Equity	3,13 %	15,41 %	3,09 %	17,85 %
Debt-to-Equity Ratio	0	0	0	0
Operating Profit Margin	1,52 %	8,6 %	1,44 %	5,75 %
Current Ratio	4,18	2,92	1,89	2,02
Quick Ratio	4,18	2,92	1,89	2,02
Equity Ratio	0,79	0,71	0,52	0,55
Gross Profit Margin	53,92 %	55,54 %	47,21 %	40,28 %