SONGA OFFSHORE RIG 2 AS

4033 STAVANGER

Finances

Share Ownership

Return on Equity

−62,51 %

Current Ratio

0,57

Debt-to-Equity Ratio

−0

Key figures (USD)	2022	2021	2020	2019
Revenue	346 705 000	368 009 000	346 568 000	351 002 000
Net Income	54 403 000	−27 483 000	−126 627 000	−31 893 000
Total Assets	197 641 000	365 406 000	542 465 000	788 239 000
Total Equity	−87 032 000	−147 122 000	−119 638 000	6 988 000

Income (USD)	2022	2021	2020	2019
Revenue	346 705 000	368 009 000	346 568 000	351 002 000
Expenditure	290 265 000	369 980 000	429 286 000	338 695 000
Operating Profit	56 440 000	−1 971 000	−82 718 000	12 307 000
Financial Income	1 354 000	131 000	2 624 000	11 700 000
Financial Costs	9 281 000	19 466 000	30 362 000	47 125 000
Financial Balance	−7 927 000	−19 335 000	−27 738 000	−35 425 000
Earnings Before Tax	48 513 000	−21 306 000	−110 456 000	−23 118 000
Tax	−5 890 000	6 177 000	16 171 000	8 775 000
Net Income	54 403 000	−27 483 000	−126 627 000	−31 893 000

Balance (USD)	2022	2021	2020	2019
Total Fixed Assets	34 468 000	194 157 000	385 243 000	595 157 000
Total Current Assets	163 173 000	171 249 000	157 222 000	193 082 000
Total Assets	197 641 000	365 406 000	542 465 000	788 239 000
Total Retained Equity	−187 771 000	−247 861 000	−220 377 000	0
Total Equity	−87 032 000	−147 122 000	−119 638 000	6 988 000
Total Long-Term Debt	0	45 620 000	230 099 000	408 979 000
Total Current Debt	284 673 000	466 908 000	432 004 000	372 272 000
Total Equity and Debt	197 641 000	365 406 000	542 465 000	788 239 000

Cash flow (USD)	2022	2021	2020	2019
Sales Income	346 705 000	368 009 000	346 568 000	351 002 000
Other Income	0	0	0	0
Revenue	346 705 000	368 009 000	346 568 000	351 002 000
Cost of Goods Sold	0	0	0	0
Salary Costs	0	0	0	0
Depreciation	124 676 000	182 753 000	174 425 000	0
Impairment	0	0	35 972 000	0
Expenditure	290 265 000	369 980 000	429 286 000	338 695 000
Operating Profit	56 440 000	−1 971 000	−82 718 000	12 307 000
Financial Income	1 354 000	131 000	2 624 000	11 700 000
Financial Costs	9 281 000	19 466 000	30 362 000	47 125 000
Financial Balance	−7 927 000	−19 335 000	−27 738 000	−35 425 000
Dividends	0	0	0	0
Net Income	54 403 000	−27 483 000	−126 627 000	−31 893 000

Balance details (USD)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	0	0	374 875 000	595 157 000
Real Eastate	0	0	0	0
Machinery and Plant Facilities	0	0	0	0
Fixtures	0	0	0	0
Total Tangible Assets	34 468 000	192 122 000	0	0
Total Fiancial Fixed Assets	0	2 035 000	10 368 000	0
Total Fixed Assets	34 468 000	194 157 000	385 243 000	595 157 000
Stock	8 416 000	17 033 000	19 103 000	17 997 000
Total Investments	0	0	0	0
Cash, Bank	2 718 000	19 827 000	4 220 000	5 510 000
Total Current Assets	163 173 000	171 249 000	157 222 000	193 082 000
Total Assets	197 641 000	365 406 000	542 465 000	788 239 000
Total Equity	−87 032 000	−147 122 000	−119 638 000	6 988 000
Short-Term Group Debt	184 578 000	223 537 000	198 288 000	156 661 000
Total Long-Term Debt	0	45 620 000	230 099 000	408 979 000
Creditors	3 220 000	1 052 000	1 783 000	3 293 000
Unpaid Taxes	0	0	0	0
Dividends	0	0	0	0
Other Current Debt	52 873 000	190 418 000	186 210 000	182 034 000
Total Current Debt	284 673 000	466 908 000	432 004 000	372 272 000
Total Equity and Debt	197 641 000	365 406 000	542 465 000	788 239 000

Financial indicators	2022	2021	2020	2019
Return on Equity	−62,51 %	18,68 %	105,84 %	−456,4 %
Debt-to-Equity Ratio	−0	−0,31	−1,92	58,53
Operating Profit Margin	16,28 %	−0,54 %	−23,87 %	3,51 %
Current Ratio	0,57	0,37	0,36	0,52
Quick Ratio	0,59	0,38	0,38	0,55
Equity Ratio	−0,44	−0,4	−0,22	0,01
Gross Profit Margin	100 %	100 %	100 %	100 %