Q10 OFFSHORE SERVICE AS

4007 STAVANGER

Finances

Share Ownership

Return on Equity

207,41 %

Current Ratio

1,07

Debt-to-Equity Ratio

Key figures (NOK)	2022	2021	2020	2019
Revenue	28 167 000	21 496 000	21 427 000	33 654 000
Net Income	1 483 000	462 000	479 000	848 000
Total Assets	10 648 000	8 506 000	7 266 000	10 008 000
Total Equity	715 000	732 000	270 000	1 369 000

Income (NOK)	2022	2021	2020	2019
Revenue	28 167 000	21 496 000	21 427 000	33 654 000
Expenditure	26 298 000	20 903 000	20 791 000	32 582 000
Operating Profit	1 870 000	593 000	636 000	1 071 000
Financial Income	35 000	1 000	15 000	52 000
Financial Costs	0	0	37 000	36 000
Financial Balance	35 000	1 000	−22 000	16 000
Earnings Before Tax	1 905 000	593 000	614 000	1 087 000
Tax	422 000	130 000	135 000	239 000
Net Income	1 483 000	462 000	479 000	848 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	10 000	4 000	1 046 000	259 000
Total Current Assets	10 638 000	8 502 000	6 220 000	9 749 000
Total Assets	10 648 000	8 506 000	7 266 000	10 008 000
Total Retained Equity	685 000	702 000	0	848 000
Total Equity	715 000	732 000	270 000	1 369 000
Total Long-Term Debt	0	0	0	0
Total Current Debt	9 933 000	7 774 000	6 996 000	8 639 000
Total Equity and Debt	10 648 000	8 506 000	7 266 000	10 008 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	28 167 000	21 073 000	21 427 000	33 654 000
Other Income	0	423 000	0	0
Revenue	28 167 000	21 496 000	21 427 000	33 654 000
Cost of Goods Sold	676 000	478 000	815 000	1 042 000
Salary Costs	23 577 000	18 984 000	18 815 000	30 566 000
Depreciation	0	0	0	0
Impairment	0	0	0	0
Expenditure	26 298 000	20 903 000	20 791 000	32 582 000
Operating Profit	1 870 000	593 000	636 000	1 071 000
Financial Income	35 000	1 000	15 000	52 000
Financial Costs	0	0	37 000	36 000
Financial Balance	35 000	1 000	−22 000	16 000
Dividends	1 500 000	0	2 000 000	0
Net Income	1 483 000	462 000	479 000	848 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	0	4 000	4 000	259 000
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	10 000	0	1 041 000	0
Total Fixed Assets	10 000	4 000	1 046 000	259 000
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	4 050 000	4 315 000	3 407 000	0
Total Current Assets	10 638 000	8 502 000	6 220 000	9 749 000
Total Assets	10 648 000	8 506 000	7 266 000	10 008 000
Total Equity	715 000	732 000	270 000	1 369 000
Short-Term Group Debt	264 000	1 459 000	0	1 080 000
Total Long-Term Debt	0	0	0	0
Creditors	193 000	594 000	84 000	95 000
Unpaid Taxes	3 054 000	2 644 000	2 010 000	3 035 000
Dividends	1 500 000	0	2 000 000	0
Other Current Debt	4 503 000	2 947 000	2 902 000	4 429 000
Total Current Debt	9 933 000	7 774 000	6 996 000	8 639 000
Total Equity and Debt	10 648 000	8 506 000	7 266 000	10 008 000

Financial indicators	2022	2021	2020	2019
Return on Equity	207,41 %	63,11 %	177,41 %	61,94 %
Debt-to-Equity Ratio	0	0	0	0
Operating Profit Margin	6,64 %	2,76 %	2,97 %	3,18 %
Current Ratio	1,07	1,09	0,89	1,13
Quick Ratio	1,07	1,09	0,89	1,13
Equity Ratio	0,07	0,09	0,04	0,14
Gross Profit Margin	97,6 %	97,78 %	96,2 %	96,9 %