BLU OFFSHORE AS

4033 STAVANGER

Finances

Share Ownership

Return on Equity

27,62 %

Current Ratio

1,11

Debt-to-Equity Ratio

Key figures (NOK)	2022	2021	2020	2019
Revenue	136 934 000	116 081 000	98 168 000	128 529 000
Net Income	1 381 000	615 000	−14 000	3 263 000
Total Assets	43 637 000	38 334 000	37 482 000	42 469 000
Total Equity	5 000 000	4 838 000	4 844 000	4 858 000

Income (NOK)	2022	2021	2020	2019
Revenue	136 934 000	116 081 000	98 168 000	128 529 000
Expenditure	135 035 000	115 166 000	97 946 000	124 202 000
Operating Profit	1 900 000	915 000	222 000	4 328 000
Financial Income	5 000	7 000	9 000	10 000
Financial Costs	130 000	133 000	248 000	152 000
Financial Balance	−125 000	−126 000	−239 000	−142 000
Earnings Before Tax	1 774 000	788 000	−17 000	4 186 000
Tax	393 000	173 000	−3 000	923 000
Net Income	1 381 000	615 000	−14 000	3 263 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	805 000	849 000	629 000	751 000
Total Current Assets	42 832 000	37 485 000	36 853 000	41 718 000
Total Assets	43 637 000	38 334 000	37 482 000	42 469 000
Total Retained Equity	3 350 000	3 188 000	3 194 000	3 208 000
Total Equity	5 000 000	4 838 000	4 844 000	4 858 000
Total Long-Term Debt	0	0	5 000 000	0
Total Current Debt	38 637 000	33 496 000	27 638 000	37 611 000
Total Equity and Debt	43 637 000	38 334 000	37 482 000	42 469 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	136 934 000	116 081 000	98 168 000	128 529 000
Other Income	0	0	0	0
Revenue	136 934 000	116 081 000	98 168 000	128 529 000
Cost of Goods Sold	0	0	0	0
Salary Costs	121 363 000	102 067 000	87 693 000	113 843 000
Depreciation	208 000	201 000	125 000	152 000
Impairment	0	0	0	0
Expenditure	135 035 000	115 166 000	97 946 000	124 202 000
Operating Profit	1 900 000	915 000	222 000	4 328 000
Financial Income	5 000	7 000	9 000	10 000
Financial Costs	130 000	133 000	248 000	152 000
Financial Balance	−125 000	−126 000	−239 000	−142 000
Dividends	1 109 000	0	0	900 000
Net Income	1 381 000	615 000	−14 000	3 263 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	375 000	500 000	625 000	750 000
Total Intangible Assets	398 000	510 000	629 000	751 000
Real Eastate	0	0	0	0
Machinery and Plant Facilities	0	0	0	0
Fixtures	256 000	339 000	0	0
Total Tangible Assets	256 000	339 000	0	0
Total Fiancial Fixed Assets	151 000	0	0	0
Total Fixed Assets	805 000	849 000	629 000	751 000
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	10 848 000	11 495 000	11 858 000	17 085 000
Total Current Assets	42 832 000	37 485 000	36 853 000	41 718 000
Total Assets	43 637 000	38 334 000	37 482 000	42 469 000
Total Equity	5 000 000	4 838 000	4 844 000	4 858 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	0	0	5 000 000	0
Creditors	2 339 000	2 486 000	1 156 000	1 045 000
Unpaid Taxes	15 957 000	10 625 000	9 454 000	11 239 000
Dividends	1 109 000	0	0	900 000
Other Current Debt	18 857 000	20 211 000	17 028 000	24 360 000
Total Current Debt	38 637 000	33 496 000	27 638 000	37 611 000
Total Equity and Debt	43 637 000	38 334 000	37 482 000	42 469 000

Financial indicators	2022	2021	2020	2019
Return on Equity	27,62 %	12,71 %	−0,29 %	67,17 %
Debt-to-Equity Ratio	0	0	1,03	0
Operating Profit Margin	1,39 %	0,79 %	0,23 %	3,37 %
Current Ratio	1,11	1,12	1,33	1,11
Quick Ratio	1,11	1,12	1,33	1,11
Equity Ratio	0,11	0,13	0,13	0,11
Gross Profit Margin	100 %	100 %	100 %	100 %