NORTH SEA GROUP AS

4336 SANDNES

Finances

Return on Equity

33,78 %

Current Ratio

69,74

Debt-to-Equity Ratio

Key figures (NOK)	2022	2021	2020	2019
Revenue	76 000	0	0	126 000
Net Income	15 581 000	2 331 000	7 058 000	7 326 000
Total Assets	46 797 000	27 459 000	25 117 000	19 701 000
Total Equity	46 126 000	27 426 000	25 095 000	19 537 000

Income (NOK)	2022	2021	2020	2019
Revenue	76 000	0	0	126 000
Expenditure	256 000	23 000	180 000	268 000
Operating Profit	−179 000	−23 000	−180 000	−143 000
Financial Income	17 911 000	3 892 000	8 837 000	7 680 000
Financial Costs	1 542 000	1 535 000	1 635 000	224 000
Financial Balance	16 369 000	2 357 000	7 202 000	7 456 000
Earnings Before Tax	16 190 000	2 335 000	7 021 000	7 314 000
Tax	609 000	4 000	−37 000	−12 000
Net Income	15 581 000	2 331 000	7 058 000	7 326 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	0	10 928 000	15 705 000	15 013 000
Total Current Assets	46 797 000	16 531 000	9 412 000	4 688 000
Total Assets	46 797 000	27 459 000	25 117 000	19 701 000
Total Retained Equity	43 301 000	27 250 000	24 919 000	19 361 000
Total Equity	46 126 000	27 426 000	25 095 000	19 537 000
Total Long-Term Debt	0	12 000	8 000	45 000
Total Current Debt	671 000	21 000	14 000	119 000
Total Equity and Debt	46 797 000	27 459 000	25 117 000	19 701 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	76 000	0	0	126 000
Other Income	0	0	0	0
Revenue	76 000	0	0	126 000
Cost of Goods Sold	0	0	0	63 000
Salary Costs	96 000	1 000	153 000	115 000
Depreciation	0	0	0	0
Impairment	0	0	0	0
Expenditure	256 000	23 000	180 000	268 000
Operating Profit	−179 000	−23 000	−180 000	−143 000
Financial Income	17 911 000	3 892 000	8 837 000	7 680 000
Financial Costs	1 542 000	1 535 000	1 635 000	224 000
Financial Balance	16 369 000	2 357 000	7 202 000	7 456 000
Dividends	0	0	1 500 000	0
Net Income	15 581 000	2 331 000	7 058 000	7 326 000

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	0	0	0	0
Total Tangible Assets	0	0	0	0
Total Fiancial Fixed Assets	0	10 928 000	15 705 000	15 013 000
Total Fixed Assets	0	10 928 000	15 705 000	15 013 000
Stock	0	0	0	0
Total Investments	46 656 000	15 306 000	5 374 000	4 115 000
Cash, Bank	31 000	1 198 000	4 037 000	573 000
Total Current Assets	46 797 000	16 531 000	9 412 000	4 688 000
Total Assets	46 797 000	27 459 000	25 117 000	19 701 000
Total Equity	46 126 000	27 426 000	25 095 000	19 537 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	0	12 000	8 000	45 000
Creditors	0	0	0	84 000
Unpaid Taxes	1 000	2 000	2 000	3 000
Dividends	0	0	1 500 000	0
Other Current Debt	49 000	19 000	12 000	31 000
Total Current Debt	671 000	21 000	14 000	119 000
Total Equity and Debt	46 797 000	27 459 000	25 117 000	19 701 000

Financial indicators	2022	2021	2020	2019
Return on Equity	33,78 %	8,5 %	28,13 %	37,5 %
Debt-to-Equity Ratio	0	0	0	0
Operating Profit Margin	−235,53 %	-	-	−113,49 %
Current Ratio	69,74	787,19	672,29	39,39
Quick Ratio	69,74	787,19	672,29	39,39
Equity Ratio	0,99	1	1	0,99
Gross Profit Margin	100 %	-	-	50 %