EUROPEAN DRILLING AS

5258 BLOMSTERDALEN

Finances

Share Ownership

Return on Equity

23,11 %

Current Ratio

1,46

Debt-to-Equity Ratio

Key figures (NOK)	2022	2021	2020	2019
Revenue	7 812 000	7 976 000	1 458 000	1 430 000
Net Income	208 000	205 000	−453 000	285 000
Total Assets	2 821 000	2 666 000	1 377 000	1 099 000
Total Equity	900 000	692 000	487 000	940 000

Income (NOK)	2022	2021	2020	2019
Revenue	7 812 000	7 976 000	1 458 000	1 430 000
Expenditure	7 548 000	7 843 000	1 913 000	1 065 000
Operating Profit	263 000	133 000	−454 000	365 000
Financial Income	4 000	2 000	1 000	1 000
Financial Costs	0	0	0	0
Financial Balance	4 000	2 000	1 000	1 000
Earnings Before Tax	267 000	135 000	−453 000	365 000
Tax	59 000	−70 000	0	80 000
Net Income	208 000	205 000	−453 000	285 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	17 000	0	0	0
Total Current Assets	2 804 000	2 666 000	1 377 000	1 099 000
Total Assets	2 821 000	2 666 000	1 377 000	1 099 000
Total Retained Equity	750 000	542 000	337 000	790 000
Total Equity	900 000	692 000	487 000	940 000
Total Long-Term Debt	1 000	0	0	0
Total Current Debt	1 920 000	1 974 000	889 000	158 000
Total Equity and Debt	2 821 000	2 666 000	1 377 000	1 099 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	7 812 000	7 976 000	1 458 000	1 430 000
Other Income	0	0	0	0
Revenue	7 812 000	7 976 000	1 458 000	1 430 000
Cost of Goods Sold	3 138 000	3 610 000	637 000	271 000
Salary Costs	3 927 000	3 697 000	1 143 000	604 000
Depreciation	0	0	0	0
Impairment	0	0	0	0
Expenditure	7 548 000	7 843 000	1 913 000	1 065 000
Operating Profit	263 000	133 000	−454 000	365 000
Financial Income	4 000	2 000	1 000	1 000
Financial Costs	0	0	0	0
Financial Balance	4 000	2 000	1 000	1 000
Dividends	0	0	0	0
Net Income	208 000	205 000	−453 000	285 000

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	17 000	0	0	0
Total Tangible Assets	17 000	0	0	0
Total Fiancial Fixed Assets	0	0	0	0
Total Fixed Assets	17 000	0	0	0
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	933 000	1 819 000	376 000	1 079 000
Total Current Assets	2 804 000	2 666 000	1 377 000	1 099 000
Total Assets	2 821 000	2 666 000	1 377 000	1 099 000
Total Equity	900 000	692 000	487 000	940 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	1 000	0	0	0
Creditors	335 000	951 000	62 000	39 000
Unpaid Taxes	715 000	530 000	225 000	39 000
Dividends	0	0	0	0
Other Current Debt	813 000	464 000	602 000	0
Total Current Debt	1 920 000	1 974 000	889 000	158 000
Total Equity and Debt	2 821 000	2 666 000	1 377 000	1 099 000

Financial indicators	2022	2021	2020	2019
Return on Equity	23,11 %	29,62 %	−93,02 %	30,32 %
Debt-to-Equity Ratio	0	0	0	0
Operating Profit Margin	3,37 %	1,67 %	−31,14 %	25,52 %
Current Ratio	1,46	1,35	1,55	6,96
Quick Ratio	1,46	1,35	1,55	6,96
Equity Ratio	0,32	0,26	0,35	0,86
Gross Profit Margin	59,83 %	54,74 %	56,31 %	81,05 %