NORTH SEA GIANT AS

5385 BAKKASUND

Finances

Return on Equity

4,4 %

Current Ratio

2,95

Debt-to-Equity Ratio

0,04

Key figures (NOK)	2022	2021	2020	2019
Revenue	145 178 000	210 347 000	149 309 000	186 272 000
Net Income	29 400 000	40 790 000	−72 216 000	−29 131 000
Total Assets	719 683 000	744 047 000	680 955 000	774 276 000
Total Equity	668 856 000	709 440 000	668 651 000	740 867 000

Income (NOK)	2022	2021	2020	2019
Revenue	145 178 000	210 347 000	149 309 000	186 272 000
Expenditure	124 816 000	158 163 000	235 991 000	224 133 000
Operating Profit	20 362 000	52 184 000	−86 682 000	−37 861 000
Financial Income	19 914 000	3 628 000	2 111 000	1 727 000
Financial Costs	2 585 000	3 512 000	8 014 000	1 214 000
Financial Balance	17 329 000	116 000	−5 903 000	513 000
Earnings Before Tax	37 692 000	52 299 000	−92 585 000	−37 348 000
Tax	8 292 000	11 509 000	−20 369 000	−8 217 000
Net Income	29 400 000	40 790 000	−72 216 000	−29 131 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	644 950 000	633 129 000	621 182 000	749 817 000
Total Current Assets	74 732 000	110 918 000	59 773 000	24 459 000
Total Assets	719 683 000	744 047 000	680 955 000	774 276 000
Total Retained Equity	295 920 000	266 505 000	225 715 000	297 931 000
Total Equity	668 856 000	709 440 000	668 651 000	740 867 000
Total Long-Term Debt	25 495 000	17 202 000	5 693 000	26 062 000
Total Current Debt	25 332 000	17 404 000	6 611 000	7 347 000
Total Equity and Debt	719 683 000	744 047 000	680 955 000	774 276 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	134 606 000	210 347 000	149 309 000	186 272 000
Other Income	10 572 000	0	0	0
Revenue	145 178 000	210 347 000	149 309 000	186 272 000
Cost of Goods Sold	73 332 000	65 412 000	66 298 000	63 660 000
Salary Costs	0	0	0	0
Depreciation	2 717 000	20 656 000	15 979 000	23 326 000
Impairment	0	0	112 656 000	73 502 000
Expenditure	124 816 000	158 163 000	235 991 000	224 133 000
Operating Profit	20 362 000	52 184 000	−86 682 000	−37 861 000
Financial Income	19 914 000	3 628 000	2 111 000	1 727 000
Financial Costs	2 585 000	3 512 000	8 014 000	1 214 000
Financial Balance	17 329 000	116 000	−5 903 000	513 000
Dividends	0	0	0	0
Net Income	29 400 000	40 790 000	−72 216 000	−29 131 000

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	0	632 145 000	620 182 000	748 817 000
Total Fiancial Fixed Assets	644 950 000	984 000	1 000 000	1 000 000
Total Fixed Assets	644 950 000	633 129 000	621 182 000	749 817 000
Stock	0	4 135 000	1 770 000	6 533 000
Total Investments	0	0	0	0
Cash, Bank	223 000	28 151 000	610 000	736 000
Total Current Assets	74 732 000	110 918 000	59 773 000	24 459 000
Total Assets	719 683 000	744 047 000	680 955 000	774 276 000
Total Equity	668 856 000	709 440 000	668 651 000	740 867 000
Short-Term Group Debt	24 779 000	0	2 450 000	4 619 000
Total Long-Term Debt	25 495 000	17 202 000	5 693 000	26 062 000
Creditors	553 000	5 825 000	3 973 000	2 682 000
Unpaid Taxes	0	0	0	0
Dividends	0	0	0	0
Other Current Debt	0	11 579 000	188 000	46 000
Total Current Debt	25 332 000	17 404 000	6 611 000	7 347 000
Total Equity and Debt	719 683 000	744 047 000	680 955 000	774 276 000

Financial indicators	2022	2021	2020	2019
Return on Equity	4,4 %	5,75 %	−10,8 %	−3,93 %
Debt-to-Equity Ratio	0,04	0,02	0,01	0,04
Operating Profit Margin	14,03 %	24,81 %	−58,06 %	−20,33 %
Current Ratio	2,95	6,37	9,04	3,33
Quick Ratio	2,95	8,36	12,35	30,05
Equity Ratio	0,93	0,95	0,98	0,96
Gross Profit Margin	49,49 %	68,9 %	55,6 %	65,82 %