CIRCLE GROUP WELL SERVICES AS

4056 TANANGER

Finances

Return on Equity

14,47 %

Current Ratio

0,83

Debt-to-Equity Ratio

0,21

Key figures (NOK)	2022	2021	2020	2019
Revenue	189 813 000	128 089 000	135 622 000	128 499 000
Net Income	19 274 000	19 597 000	13 812 000	2 776 000
Total Assets	233 491 000	194 349 000	179 381 000	184 662 000
Total Equity	133 180 000	113 906 000	94 309 000	80 497 000

Income (NOK)	2022	2021	2020	2019
Revenue	189 813 000	128 089 000	135 622 000	128 499 000
Expenditure	166 357 000	100 762 000	114 573 000	120 214 000
Operating Profit	23 455 000	27 327 000	21 048 000	8 286 000
Financial Income	3 351 000	62 000	242 000	29 000
Financial Costs	2 920 000	2 752 000	3 680 000	4 884 000
Financial Balance	431 000	−2 690 000	−3 438 000	−4 855 000
Earnings Before Tax	23 886 000	24 637 000	17 610 000	3 431 000
Tax	4 612 000	5 040 000	3 798 000	655 000
Net Income	19 274 000	19 597 000	13 812 000	2 776 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	173 449 000	157 748 000	151 558 000	162 058 000
Total Current Assets	60 042 000	36 601 000	27 823 000	22 604 000
Total Assets	233 491 000	194 349 000	179 381 000	184 662 000
Total Retained Equity	49 882 000	30 608 000	11 011 000	−2 801 000
Total Equity	133 180 000	113 906 000	94 309 000	80 497 000
Total Long-Term Debt	28 320 000	34 733 000	9 121 000	60 173 000
Total Current Debt	71 991 000	45 709 000	75 951 000	43 992 000
Total Equity and Debt	233 491 000	194 349 000	179 381 000	184 662 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	189 813 000	128 089 000	135 622 000	128 499 000
Other Income	0	0	0	0
Revenue	189 813 000	128 089 000	135 622 000	128 499 000
Cost of Goods Sold	79 199 000	24 648 000	37 612 000	50 032 000
Salary Costs	53 769 000	48 881 000	45 628 000	37 955 000
Depreciation	20 958 000	19 203 000	25 004 000	23 315 000
Impairment	0	0	0	0
Expenditure	166 357 000	100 762 000	114 573 000	120 214 000
Operating Profit	23 455 000	27 327 000	21 048 000	8 286 000
Financial Income	3 351 000	62 000	242 000	29 000
Financial Costs	2 920 000	2 752 000	3 680 000	4 884 000
Financial Balance	431 000	−2 690 000	−3 438 000	−4 855 000
Dividends	0	0	0	0
Net Income	19 274 000	19 597 000	13 812 000	2 776 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	68 899 000	68 899 000	68 899 000	68 899 000
Total Intangible Assets	90 229 000	97 601 000	104 979 000	112 239 000
Real Eastate	0	0	0	0
Machinery and Plant Facilities	0	0	0	0
Fixtures	83 161 000	59 986 000	46 424 000	49 710 000
Total Tangible Assets	83 161 000	59 986 000	46 424 000	49 710 000
Total Fiancial Fixed Assets	60 000	161 000	156 000	109 000
Total Fixed Assets	173 449 000	157 748 000	151 558 000	162 058 000
Stock	0	844 000	0	0
Total Investments	0	0	0	0
Cash, Bank	17 056 000	18 542 000	10 927 000	1 574 000
Total Current Assets	60 042 000	36 601 000	27 823 000	22 604 000
Total Assets	233 491 000	194 349 000	179 381 000	184 662 000
Total Equity	133 180 000	113 906 000	94 309 000	80 497 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	28 320 000	34 733 000	9 121 000	60 173 000
Creditors	20 732 000	10 524 000	6 152 000	6 587 000
Unpaid Taxes	3 570 000	3 998 000	3 539 000	3 328 000
Dividends	0	0	0	0
Other Current Debt	32 071 000	9 857 000	7 214 000	8 419 000
Total Current Debt	71 991 000	45 709 000	75 951 000	43 992 000
Total Equity and Debt	233 491 000	194 349 000	179 381 000	184 662 000

Financial indicators	2022	2021	2020	2019
Return on Equity	14,47 %	17,2 %	14,65 %	3,45 %
Debt-to-Equity Ratio	0,21	0,3	0,1	0,75
Operating Profit Margin	12,36 %	21,33 %	15,52 %	6,45 %
Current Ratio	0,83	0,8	0,37	0,51
Quick Ratio	0,83	0,82	0,37	0,51
Equity Ratio	0,57	0,59	0,53	0,44
Gross Profit Margin	58,28 %	80,76 %	72,27 %	61,06 %