ITERA OFFSHORING SERVICES AS

0161 OSLO

Finances

Share Ownership

Return on Equity

72,2 %

Current Ratio

1,3

Debt-to-Equity Ratio

Key figures (NOK)	2022	2021	2020	2019
Revenue	246 591 000	185 937 000	153 493 000	129 230 000
Net Income	9 605 000	10 078 000	7 239 000	8 354 000
Total Assets	45 093 000	38 964 000	28 686 000	20 385 000
Total Equity	13 304 000	9 699 000	7 521 000	7 177 000

Income (NOK)	2022	2021	2020	2019
Revenue	246 591 000	185 937 000	153 493 000	129 230 000
Expenditure	233 052 000	172 225 000	145 286 000	118 050 000
Operating Profit	13 539 000	13 712 000	8 207 000	11 181 000
Financial Income	10 642 000	5 317 000	2 636 000	1 170 000
Financial Costs	11 846 000	6 049 000	2 539 000	1 615 000
Financial Balance	−1 204 000	−732 000	97 000	−445 000
Earnings Before Tax	12 336 000	12 980 000	8 304 000	10 736 000
Tax	2 731 000	2 902 000	1 065 000	2 382 000
Net Income	9 605 000	10 078 000	7 239 000	8 354 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	3 837 000	3 419 000	2 142 000	2 684 000
Total Current Assets	41 256 000	35 545 000	26 544 000	17 701 000
Total Assets	45 093 000	38 964 000	28 686 000	20 385 000
Total Retained Equity	8 501 000	4 896 000	2 718 000	2 374 000
Total Equity	13 304 000	9 699 000	7 521 000	7 177 000
Total Long-Term Debt	0	0	0	0
Total Current Debt	31 789 000	29 264 000	21 165 000	13 208 000
Total Equity and Debt	45 093 000	38 964 000	28 686 000	20 385 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	246 591 000	185 937 000	153 166 000	129 230 000
Other Income	0	0	327 000	0
Revenue	246 591 000	185 937 000	153 493 000	129 230 000
Cost of Goods Sold	194 392 000	140 423 000	114 701 000	89 324 000
Salary Costs	0	0	0	0
Depreciation	420 000	655 000	1 028 000	947 000
Impairment	0	0	0	0
Expenditure	233 052 000	172 225 000	145 286 000	118 050 000
Operating Profit	13 539 000	13 712 000	8 207 000	11 181 000
Financial Income	10 642 000	5 317 000	2 636 000	1 170 000
Financial Costs	11 846 000	6 049 000	2 539 000	1 615 000
Financial Balance	−1 204 000	−732 000	97 000	−445 000
Dividends	6 000 000	7 900 000	6 400 000	6 000 000
Net Income	9 605 000	10 078 000	7 239 000	8 354 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	1 908 000	1 466 000	1 118 000	86 000
Real Eastate	0	0	0	0
Machinery and Plant Facilities	0	0	0	0
Fixtures	1 929 000	1 953 000	1 024 000	2 598 000
Total Tangible Assets	1 929 000	1 953 000	1 024 000	2 598 000
Total Fiancial Fixed Assets	0	0	0	0
Total Fixed Assets	3 837 000	3 419 000	2 142 000	2 684 000
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	1 917 000	1 216 000	696 000	737 000
Total Current Assets	41 256 000	35 545 000	26 544 000	17 701 000
Total Assets	45 093 000	38 964 000	28 686 000	20 385 000
Total Equity	13 304 000	9 699 000	7 521 000	7 177 000
Short-Term Group Debt	0	0	0	909 000
Total Long-Term Debt	0	0	0	0
Creditors	4 672 000	2 942 000	2 366 000	1 315 000
Unpaid Taxes	0	0	0	605 000
Dividends	6 000 000	7 900 000	6 400 000	6 000 000
Other Current Debt	17 312 000	14 511 000	9 996 000	8 379 000
Total Current Debt	31 789 000	29 264 000	21 165 000	13 208 000
Total Equity and Debt	45 093 000	38 964 000	28 686 000	20 385 000

Financial indicators	2022	2021	2020	2019
Return on Equity	72,2 %	103,91 %	96,25 %	116,4 %
Debt-to-Equity Ratio	0	0	0	0
Operating Profit Margin	5,49 %	7,37 %	5,35 %	8,65 %
Current Ratio	1,3	1,21	1,25	1,34
Quick Ratio	1,3	1,21	1,25	1,34
Equity Ratio	0,3	0,25	0,26	0,35
Gross Profit Margin	21,17 %	24,48 %	25,27 %	30,88 %