INCO OFFSHORE AS

5131 NYBORG

Finances

Return on Equity

54,29 %

Current Ratio

2,81

Debt-to-Equity Ratio

Key figures (NOK)	2022	2021	2020	2019
Revenue	5 008 000	2 522 000	1 714 000	970 000
Net Income	1 266 000	1 158 000	134 000	20 000
Total Assets	3 462 000	2 728 000	1 399 000	1 276 000
Total Equity	2 332 000	1 066 000	440 000	306 000

Income (NOK)	2022	2021	2020	2019
Revenue	5 008 000	2 522 000	1 714 000	970 000
Expenditure	3 272 000	1 695 000	1 327 000	944 000
Operating Profit	1 735 000	828 000	387 000	26 000
Financial Income	9 000	528 000	0	0
Financial Costs	88 000	13 000	162 000	1 000
Financial Balance	−79 000	515 000	−162 000	−1 000
Earnings Before Tax	1 656 000	1 343 000	226 000	25 000
Tax	390 000	184 000	92 000	6 000
Net Income	1 266 000	1 158 000	134 000	20 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	284 000	0	0	637 000
Total Current Assets	3 178 000	2 728 000	1 399 000	639 000
Total Assets	3 462 000	2 728 000	1 399 000	1 276 000
Total Retained Equity	2 232 000	966 000	340 000	206 000
Total Equity	2 332 000	1 066 000	440 000	306 000
Total Long-Term Debt	0	0	0	0
Total Current Debt	1 131 000	1 662 000	959 000	970 000
Total Equity and Debt	3 462 000	2 728 000	1 399 000	1 276 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	5 008 000	2 522 000	1 714 000	970 000
Other Income	0	0	0	0
Revenue	5 008 000	2 522 000	1 714 000	970 000
Cost of Goods Sold	0	0	128 000	0
Salary Costs	2 879 000	1 566 000	1 043 000	659 000
Depreciation	0	0	0	31 000
Impairment	0	0	0	0
Expenditure	3 272 000	1 695 000	1 327 000	944 000
Operating Profit	1 735 000	828 000	387 000	26 000
Financial Income	9 000	528 000	0	0
Financial Costs	88 000	13 000	162 000	1 000
Financial Balance	−79 000	515 000	−162 000	−1 000
Dividends	0	700 000	0	0
Net Income	1 266 000	1 158 000	134 000	20 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	0	0	0	7 000
Real Eastate	0	0	0	0
Machinery and Plant Facilities	0	0	0	0
Fixtures	0	0	0	0
Total Tangible Assets	0	0	0	0
Total Fiancial Fixed Assets	284 000	0	0	630 000
Total Fixed Assets	284 000	0	0	637 000
Stock	0	0	0	0
Total Investments	0	0	389 000	0
Cash, Bank	2 545 000	1 193 000	988 000	601 000
Total Current Assets	3 178 000	2 728 000	1 399 000	639 000
Total Assets	3 462 000	2 728 000	1 399 000	1 276 000
Total Equity	2 332 000	1 066 000	440 000	306 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	0	0	0	0
Creditors	11 000	0	0	2 000
Unpaid Taxes	432 000	210 000	69 000	93 000
Dividends	0	700 000	0	0
Other Current Debt	298 000	568 000	805 000	876 000
Total Current Debt	1 131 000	1 662 000	959 000	970 000
Total Equity and Debt	3 462 000	2 728 000	1 399 000	1 276 000

Financial indicators	2022	2021	2020	2019
Return on Equity	54,29 %	108,63 %	30,45 %	6,54 %
Debt-to-Equity Ratio	0	0	0	0
Operating Profit Margin	34,64 %	32,83 %	22,58 %	2,68 %
Current Ratio	2,81	1,64	1,46	0,66
Quick Ratio	2,81	1,64	1,46	0,66
Equity Ratio	0,67	0,39	0,31	0,24
Gross Profit Margin	100 %	100 %	92,53 %	100 %