CONNECT OFFSHORE AS

5525 HAUGESUND

Finances

Share Ownership

Return on Equity

−5,3 %

Current Ratio

1,28

Debt-to-Equity Ratio

Key figures (NOK)	2022	2021	2020	2019
Revenue	14 887 000	13 433 000	21 529 000	8 791 000
Net Income	−77 000	287 000	2 022 000	−363 000
Total Assets	6 625 000	12 073 000	12 745 000	6 959 000
Total Equity	1 453 000	1 530 000	1 530 000	1 167 000

Income (NOK)	2022	2021	2020	2019
Revenue	14 887 000	13 433 000	21 529 000	8 791 000
Expenditure	15 074 000	13 062 000	19 159 000	9 113 000
Operating Profit	−187 000	370 000	2 370 000	−323 000
Financial Income	425 000	392 000	413 000	244 000
Financial Costs	337 000	394 000	293 000	284 000
Financial Balance	88 000	−2 000	120 000	−40 000
Earnings Before Tax	−99 000	368 000	2 491 000	−363 000
Tax	−22 000	81 000	468 000	0
Net Income	−77 000	287 000	2 022 000	−363 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	22 000	0	0	0
Total Current Assets	6 603 000	12 073 000	12 745 000	6 959 000
Total Assets	6 625 000	12 073 000	12 745 000	6 959 000
Total Retained Equity	0	0	0	−363 000
Total Equity	1 453 000	1 530 000	1 530 000	1 167 000
Total Long-Term Debt	0	0	0	0
Total Current Debt	5 172 000	10 543 000	11 215 000	5 792 000
Total Equity and Debt	6 625 000	12 073 000	12 745 000	6 959 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	14 887 000	13 433 000	21 529 000	8 791 000
Other Income	0	0	0	0
Revenue	14 887 000	13 433 000	21 529 000	8 791 000
Cost of Goods Sold	0	0	0	0
Salary Costs	3 624 000	6 062 000	6 171 000	4 776 000
Depreciation	0	0	0	0
Impairment	0	0	0	0
Expenditure	15 074 000	13 062 000	19 159 000	9 113 000
Operating Profit	−187 000	370 000	2 370 000	−323 000
Financial Income	425 000	392 000	413 000	244 000
Financial Costs	337 000	394 000	293 000	284 000
Financial Balance	88 000	−2 000	120 000	−40 000
Dividends	0	0	0	0
Net Income	−77 000	287 000	2 022 000	−363 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	22 000	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	0	0	0
Total Fiancial Fixed Assets	0	0	0	0
Total Fixed Assets	22 000	0	0	0
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	1 759 000	1 375 000	2 108 000	315 000
Total Current Assets	6 603 000	12 073 000	12 745 000	6 959 000
Total Assets	6 625 000	12 073 000	12 745 000	6 959 000
Total Equity	1 453 000	1 530 000	1 530 000	1 167 000
Short-Term Group Debt	0	368 000	0	0
Total Long-Term Debt	0	0	0	0
Creditors	887 000	254 000	949 000	0
Unpaid Taxes	206 000	568 000	231 000	169 000
Dividends	0	0	0	0
Other Current Debt	4 079 000	9 353 000	10 035 000	5 623 000
Total Current Debt	5 172 000	10 543 000	11 215 000	5 792 000
Total Equity and Debt	6 625 000	12 073 000	12 745 000	6 959 000

Financial indicators	2022	2021	2020	2019
Return on Equity	−5,3 %	18,76 %	132,16 %	−31,11 %
Debt-to-Equity Ratio	0	0	0	0
Operating Profit Margin	−1,26 %	2,75 %	11,01 %	−3,67 %
Current Ratio	1,28	1,15	1,14	1,2
Quick Ratio	1,28	1,15	1,14	1,2
Equity Ratio	0,22	0,13	0,12	0,17
Gross Profit Margin	100 %	100 %	100 %	100 %