SHEARWATER GEOSERVICES NORWAY AS

5160 LAKSEVÅG

Finances

Share Ownership

Return on Equity

−16,91 %

Current Ratio

1,44

Debt-to-Equity Ratio

Key figures (USD)	2022	2021	2020	2019
Revenue	121 727 000	91 364 000	132 843 000	134 284 000
Net Income	−3 375 000	1 556 000	7 025 000	−5 537 000
Total Assets	62 618 000	46 254 000	44 266 000	71 994 000
Total Equity	19 964 000	23 339 000	21 784 000	14 759 000

Income (USD)	2022	2021	2020	2019
Revenue	121 727 000	91 364 000	132 843 000	134 284 000
Expenditure	125 526 000	90 102 000	125 983 000	139 582 000
Operating Profit	−3 799 000	1 260 000	6 860 000	−5 298 000
Financial Income	377 000	515 000	498 000	945 000
Financial Costs	−47 000	219 000	333 000	1 184 000
Financial Balance	424 000	296 000	165 000	−239 000
Earnings Before Tax	−3 375 000	1 556 000	7 025 000	−5 537 000
Tax	0	0	0	0
Net Income	−3 375 000	1 556 000	7 025 000	−5 537 000

Balance (USD)	2022	2021	2020	2019
Total Fixed Assets	1 247 000	7 057 000	1 038 000	977 000
Total Current Assets	61 372 000	39 198 000	43 227 000	71 016 000
Total Assets	62 618 000	46 254 000	44 266 000	71 994 000
Total Retained Equity	−9 047 000	−5 672 000	−7 228 000	−14 253 000
Total Equity	19 964 000	23 339 000	21 784 000	14 759 000
Total Long-Term Debt	0	0	0	0
Total Current Debt	42 654 000	22 915 000	22 482 000	57 235 000
Total Equity and Debt	62 618 000	46 254 000	44 266 000	71 994 000

Cash flow (USD)	2022	2021	2020	2019
Sales Income	112 000 000	82 138 000	124 857 000	129 499 000
Other Income	9 727 000	9 225 000	7 987 000	4 785 000
Revenue	121 727 000	91 364 000	132 843 000	134 284 000
Cost of Goods Sold	0	0	0	0
Salary Costs	11 960 000	11 208 000	10 220 000	7 655 000
Depreciation	253 000	396 000	444 000	284 000
Impairment	0	0	0	0
Expenditure	125 526 000	90 102 000	125 983 000	139 582 000
Operating Profit	−3 799 000	1 260 000	6 860 000	−5 298 000
Financial Income	377 000	515 000	498 000	945 000
Financial Costs	−47 000	219 000	333 000	1 184 000
Financial Balance	424 000	296 000	165 000	−239 000
Dividends	0	0	0	0
Net Income	−3 375 000	1 556 000	7 025 000	−5 537 000

Balance details (USD)	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	105 000	357 000	550 000	977 000
Fixtures	0	0	0	0
Total Tangible Assets	105 000	357 000	550 000	977 000
Total Fiancial Fixed Assets	1 142 000	6 699 000	489 000	0
Total Fixed Assets	1 247 000	7 057 000	1 038 000	977 000
Stock	8 281 000	3 300 000	3 473 000	2 768 000
Total Investments	0	0	0	0
Cash, Bank	474 000	439 000	400 000	414 000
Total Current Assets	61 372 000	39 198 000	43 227 000	71 016 000
Total Assets	62 618 000	46 254 000	44 266 000	71 994 000
Total Equity	19 964 000	23 339 000	21 784 000	14 759 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	0	0	0	0
Creditors	4 996 000	5 707 000	1 799 000	2 754 000
Unpaid Taxes	843 000	766 000	683 000	674 000
Dividends	0	0	0	0
Other Current Debt	36 815 000	16 442 000	20 000 000	53 806 000
Total Current Debt	42 654 000	22 915 000	22 482 000	57 235 000
Total Equity and Debt	62 618 000	46 254 000	44 266 000	71 994 000

Financial indicators	2022	2021	2020	2019
Return on Equity	−16,91 %	6,67 %	32,25 %	−37,52 %
Debt-to-Equity Ratio	0	0	0	0
Operating Profit Margin	−3,12 %	1,38 %	5,16 %	−3,95 %
Current Ratio	1,44	1,71	1,92	1,24
Quick Ratio	1,79	2	2,27	1,3
Equity Ratio	0,32	0,5	0,49	0,21
Gross Profit Margin	100 %	100 %	100 %	100 %