SHEARWATER GEOSERVICES ASSETS II AS

5160 LAKSEVÅG

Finances

Share Ownership

Return on Equity

−17,66 %

Current Ratio

1,48

Debt-to-Equity Ratio

9,84

Key figures (USD)	2022	2021	2020	2019
Revenue	5 835 000	5 835 000	12 549 000	6 972 000
Net Income	−996 000	−1 096 000	6 080 000	435 000
Total Assets	64 028 000	67 408 000	70 903 000	69 620 000
Total Equity	5 640 000	6 636 000	7 732 000	1 652 000

Income (USD)	2022	2021	2020	2019
Revenue	5 835 000	5 835 000	12 549 000	6 972 000
Expenditure	3 703 000	3 694 000	3 762 000	3 597 000
Operating Profit	2 132 000	2 142 000	8 786 000	3 374 000
Financial Income	23 000	0	1 000	170 000
Financial Costs	3 144 000	3 236 000	2 722 000	3 100 000
Financial Balance	−3 121 000	−3 236 000	−2 721 000	−2 930 000
Earnings Before Tax	−989 000	−1 095 000	6 065 000	444 000
Tax	6 000	1 000	−15 000	9 000
Net Income	−996 000	−1 096 000	6 080 000	435 000

Balance (USD)	2022	2021	2020	2019
Total Fixed Assets	59 717 000	63 315 000	66 906 000	68 860 000
Total Current Assets	4 310 000	4 094 000	3 997 000	760 000
Total Assets	64 028 000	67 408 000	70 903 000	69 620 000
Total Retained Equity	3 156 000	4 152 000	5 248 000	−832 000
Total Equity	5 640 000	6 636 000	7 732 000	1 652 000
Total Long-Term Debt	55 472 000	57 199 000	58 925 000	61 804 000
Total Current Debt	2 915 000	3 574 000	4 246 000	6 163 000
Total Equity and Debt	64 028 000	67 408 000	70 903 000	69 620 000

Cash flow (USD)	2022	2021	2020	2019
Sales Income	5 835 000	5 835 000	12 549 000	6 972 000
Other Income	0	0	0	0
Revenue	5 835 000	5 835 000	12 549 000	6 972 000
Cost of Goods Sold	0	0	0	0
Salary Costs	0	0	0	0
Depreciation	3 597 000	3 592 000	3 559 000	3 544 000
Impairment	0	0	0	0
Expenditure	3 703 000	3 694 000	3 762 000	3 597 000
Operating Profit	2 132 000	2 142 000	8 786 000	3 374 000
Financial Income	23 000	0	1 000	170 000
Financial Costs	3 144 000	3 236 000	2 722 000	3 100 000
Financial Balance	−3 121 000	−3 236 000	−2 721 000	−2 930 000
Dividends	0	0	0	0
Net Income	−996 000	−1 096 000	6 080 000	435 000

Balance details (USD)	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	59 717 000	63 315 000	66 906 000	68 860 000
Total Fiancial Fixed Assets	0	0	0	0
Total Fixed Assets	59 717 000	63 315 000	66 906 000	68 860 000
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	4 309 000	4 093 000	3 846 000	6 000
Total Current Assets	4 310 000	4 094 000	3 997 000	760 000
Total Assets	64 028 000	67 408 000	70 903 000	69 620 000
Total Equity	5 640 000	6 636 000	7 732 000	1 652 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	55 472 000	57 199 000	58 925 000	61 804 000
Creditors	0	0	0	0
Unpaid Taxes	0	0	0	0
Dividends	0	0	0	0
Other Current Debt	1 097 000	1 758 000	1 865 000	654 000
Total Current Debt	2 915 000	3 574 000	4 246 000	6 163 000
Total Equity and Debt	64 028 000	67 408 000	70 903 000	69 620 000

Financial indicators	2022	2021	2020	2019
Return on Equity	−17,66 %	−16,52 %	78,63 %	26,33 %
Debt-to-Equity Ratio	9,84	8,62	7,62	37,41
Operating Profit Margin	36,54 %	36,71 %	70,01 %	48,39 %
Current Ratio	1,48	1,15	0,94	0,12
Quick Ratio	1,48	1,15	0,94	0,12
Equity Ratio	0,09	0,1	0,11	0,02
Gross Profit Margin	100 %	100 %	100 %	100 %