VERVIK DRILLING AS

4103 JØRPELAND

Finances

Return on Equity

63,77 %

Current Ratio

3,15

Debt-to-Equity Ratio

Key figures (NOK)	2022	2021	2020	2019
Revenue	2 655 000	2 134 000	2 192 000	779 000
Net Income	880 000	468 000	−110 000	144 000
Total Assets	2 016 000	1 082 000	653 000	630 000
Total Equity	1 380 000	532 000	64 000	174 000

Income (NOK)	2022	2021	2020	2019
Revenue	2 655 000	2 134 000	2 192 000	779 000
Expenditure	1 734 000	1 534 000	2 331 000	595 000
Operating Profit	921 000	601 000	−138 000	183 000
Financial Income	334 000	0	0	0
Financial Costs	166 000	1 000	4 000	0
Financial Balance	168 000	−1 000	−4 000	0
Earnings Before Tax	1 089 000	600 000	−141 000	183 000
Tax	209 000	132 000	−31 000	39 000
Net Income	880 000	468 000	−110 000	144 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	11 000	22 000	65 000	0
Total Current Assets	2 005 000	1 060 000	588 000	630 000
Total Assets	2 016 000	1 082 000	653 000	630 000
Total Retained Equity	1 350 000	502 000	34 000	144 000
Total Equity	1 380 000	532 000	64 000	174 000
Total Long-Term Debt	0	0	0	2 000
Total Current Debt	637 000	550 000	589 000	454 000
Total Equity and Debt	2 016 000	1 082 000	653 000	630 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	2 655 000	2 134 000	2 192 000	779 000
Other Income	0	0	0	0
Revenue	2 655 000	2 134 000	2 192 000	779 000
Cost of Goods Sold	0	0	0	0
Salary Costs	1 526 000	1 396 000	2 195 000	525 000
Depreciation	14 000	14 000	6 000	0
Impairment	0	0	0	0
Expenditure	1 734 000	1 534 000	2 331 000	595 000
Operating Profit	921 000	601 000	−138 000	183 000
Financial Income	334 000	0	0	0
Financial Costs	166 000	1 000	4 000	0
Financial Balance	168 000	−1 000	−4 000	0
Dividends	0	0	0	0
Net Income	880 000	468 000	−110 000	144 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	3 000	0	29 000	0
Real Eastate	0	0	0	0
Machinery and Plant Facilities	0	0	0	0
Fixtures	8 000	22 000	35 000	0
Total Tangible Assets	8 000	22 000	35 000	0
Total Fiancial Fixed Assets	0	0	0	0
Total Fixed Assets	11 000	22 000	65 000	0
Stock	0	0	0	0
Total Investments	528 000	0	0	0
Cash, Bank	663 000	769 000	71 000	166 000
Total Current Assets	2 005 000	1 060 000	588 000	630 000
Total Assets	2 016 000	1 082 000	653 000	630 000
Total Equity	1 380 000	532 000	64 000	174 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	0	0	0	2 000
Creditors	16 000	6 000	23 000	9 000
Unpaid Taxes	232 000	235 000	260 000	342 000
Dividends	0	0	0	0
Other Current Debt	176 000	206 000	305 000	65 000
Total Current Debt	637 000	550 000	589 000	454 000
Total Equity and Debt	2 016 000	1 082 000	653 000	630 000

Financial indicators	2022	2021	2020	2019
Return on Equity	63,77 %	87,97 %	−171,88 %	82,76 %
Debt-to-Equity Ratio	0	0	0	0,01
Operating Profit Margin	34,69 %	28,16 %	−6,3 %	23,49 %
Current Ratio	3,15	1,93	1	1,39
Quick Ratio	3,15	1,93	1	1,39
Equity Ratio	0,68	0,49	0,1	0,28
Gross Profit Margin	100 %	100 %	100 %	100 %