GOLDEN ENERGY OFFSHORE SERVICES ASA

6002 ÅLESUND

Finances

Return on Equity

−53,59 %

Current Ratio

0,23

Debt-to-Equity Ratio

2,71

Key figures (NOK)	2022	2021	2020	2019
Revenue	141 054 000	71 189 000	70 047 000	110 366 000
Net Income	−57 889 000	−63 159 000	−156 238 000	−17 196 000
Total Assets	565 021 000	470 624 000	472 918 000	578 874 000
Total Equity	108 013 000	77 151 000	140 310 000	286 111 000

Income (NOK)	2022	2021	2020	2019
Revenue	141 054 000	71 189 000	70 047 000	110 366 000
Expenditure	70 164 000	108 917 000	214 903 000	116 855 000
Operating Profit	70 890 000	−37 728 000	−144 857 000	−6 489 000
Financial Income	1 313 000	1 866 000	7 720 000	−584 000
Financial Costs	130 092 000	27 154 000	19 039 000	10 100 000
Financial Balance	−128 779 000	−25 288 000	−11 319 000	−10 684 000
Earnings Before Tax	−57 889 000	−63 017 000	−156 175 000	−17 173 000
Tax	0	142 000	62 000	24 000
Net Income	−57 889 000	−63 159 000	−156 238 000	−17 196 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	527 667 000	438 465 000	456 673 000	537 874 000
Total Current Assets	37 354 000	32 159 000	16 245 000	41 000 000
Total Assets	565 021 000	470 624 000	472 918 000	578 874 000
Total Retained Equity	−144 246 000	−163 463 000	−100 305 000	55 933 000
Total Equity	108 013 000	77 151 000	140 310 000	286 111 000
Total Long-Term Debt	292 741 000	57 413 000	0	221 729 000
Total Current Debt	164 268 000	336 060 000	332 608 000	71 034 000
Total Equity and Debt	565 021 000	470 624 000	472 918 000	578 874 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	141 054 000	71 189 000	70 047 000	110 366 000
Other Income	0	0	0	0
Revenue	141 054 000	71 189 000	70 047 000	110 366 000
Cost of Goods Sold	116 806 000	78 597 000	80 658 000	75 523 000
Salary Costs	0	0	0	0
Depreciation	24 468 000	18 208 000	24 867 000	19 504 000
Impairment	−111 000 000	0	88 000 000	4 000 000
Expenditure	70 164 000	108 917 000	214 903 000	116 855 000
Operating Profit	70 890 000	−37 728 000	−144 857 000	−6 489 000
Financial Income	1 313 000	1 866 000	7 720 000	−584 000
Financial Costs	130 092 000	27 154 000	19 039 000	10 100 000
Financial Balance	−128 779 000	−25 288 000	−11 319 000	−10 684 000
Dividends	0	0	0	0
Net Income	−57 889 000	−63 159 000	−156 238 000	−17 196 000

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	0	0	0	0
Total Tangible Assets	527 622 000	438 431 000	456 639 000	537 874 000
Total Fiancial Fixed Assets	45 000	34 000	34 000	0
Total Fixed Assets	527 667 000	438 465 000	456 673 000	537 874 000
Stock	2 263 000	1 714 000	1 887 000	4 103 000
Total Investments	0	0	0	0
Cash, Bank	957 000	791 000	194 000	4 118 000
Total Current Assets	37 354 000	32 159 000	16 245 000	41 000 000
Total Assets	565 021 000	470 624 000	472 918 000	578 874 000
Total Equity	108 013 000	77 151 000	140 310 000	286 111 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	292 741 000	57 413 000	0	221 729 000
Creditors	75 229 000	55 764 000	92 607 000	34 555 000
Unpaid Taxes	0	0	0	0
Dividends	0	0	0	0
Other Current Debt	89 039 000	280 142 000	239 926 000	0
Total Current Debt	164 268 000	336 060 000	332 608 000	71 034 000
Total Equity and Debt	565 021 000	470 624 000	472 918 000	578 874 000

Financial indicators	2022	2021	2020	2019
Return on Equity	−53,59 %	−81,86 %	−111,35 %	−6,01 %
Debt-to-Equity Ratio	2,71	0,74	0	0,77
Operating Profit Margin	50,26 %	−53 %	−206,8 %	−5,88 %
Current Ratio	0,23	0,1	0,05	0,58
Quick Ratio	0,23	0,1	0,05	0,61
Equity Ratio	0,19	0,16	0,3	0,49
Gross Profit Margin	17,19 %	−10,41 %	−15,15 %	31,57 %