SHEARWATER GEOSERVICES HOLDING AS

5160 LAKSEVÅG

Finances

Return on Equity

4,41 %

Current Ratio

1,01

Debt-to-Equity Ratio

1,36

Key figures (USD)	2022	2021	2020	2019
Revenue	725 626 000	531 924 000	589 725 000	427 895 000
Net Income	19 781 000	−79 989 000	−48 680 000	−28 677 000
Total Assets	1 337 765 000	1 335 673 000	1 235 598 000	1 011 096 000
Total Equity	448 066 000	428 335 000	508 295 000	432 150 000

Income (USD)	2022	2021	2020	2019
Revenue	725 626 000	531 924 000	589 725 000	427 895 000
Expenditure	654 702 000	559 863 000	587 169 000	407 150 000
Operating Profit	70 924 000	−27 939 000	2 556 000	20 745 000
Financial Income	15 934 000	3 930 000	378 000	610 000
Financial Costs	64 515 000	51 464 000	50 447 000	47 893 000
Financial Balance	−48 581 000	−47 534 000	−50 069 000	−47 283 000
Earnings Before Tax	22 343 000	−75 473 000	−47 513 000	−26 538 000
Tax	2 562 000	4 516 000	1 167 000	2 139 000
Net Income	19 781 000	−79 989 000	−48 680 000	−28 677 000

Balance (USD)	2022	2021	2020	2019
Total Fixed Assets	1 056 628 000	1 114 907 000	1 033 951 000	799 024 000
Total Current Assets	281 137 000	220 766 000	201 647 000	212 072 000
Total Assets	1 337 765 000	1 335 673 000	1 235 598 000	1 011 096 000
Total Retained Equity	−186 450 000	−206 181 000	−126 221 000	−77 490 000
Total Equity	448 066 000	428 335 000	508 295 000	432 150 000
Total Long-Term Debt	610 813 000	608 613 000	618 910 000	165 149 000
Total Current Debt	278 886 000	298 725 000	108 393 000	413 799 000
Total Equity and Debt	1 337 765 000	1 335 673 000	1 235 598 000	1 011 098 000

Cash flow (USD)	2022	2021	2020	2019
Sales Income	725 016 000	516 140 000	565 588 000	373 933 000
Other Income	610 000	15 784 000	24 137 000	53 962 000
Revenue	725 626 000	531 924 000	589 725 000	427 895 000
Cost of Goods Sold	502 444 000	403 946 000	412 720 000	284 057 000
Salary Costs	0	0	0	0
Depreciation	121 917 000	131 424 000	127 696 000	98 149 000
Impairment	0	852 000	25 996 000	4 408 000
Expenditure	654 702 000	559 863 000	587 169 000	407 150 000
Operating Profit	70 924 000	−27 939 000	2 556 000	20 745 000
Financial Income	15 934 000	3 930 000	378 000	610 000
Financial Costs	64 515 000	51 464 000	50 447 000	47 893 000
Financial Balance	−48 581 000	−47 534 000	−50 069 000	−47 283 000
Dividends	0	0	0	0
Net Income	19 781 000	−79 989 000	−48 680 000	−28 677 000

Balance details (USD)	2022	2021	2020	2019
Goodwill	2 048 000	2 048 000	2 048 000	2 048 000
Total Intangible Assets	26 262 000	25 116 000	24 265 000	27 286 000
Real Eastate	0	0	0	0
Machinery and Plant Facilities	0	0	0	0
Fixtures	0	0	0	0
Total Tangible Assets	1 030 366 000	1 089 791 000	1 009 650 000	771 119 000
Total Fiancial Fixed Assets	0	0	36 000	619 000
Total Fixed Assets	1 056 628 000	1 114 907 000	1 033 951 000	799 024 000
Stock	54 487 000	34 108 000	19 536 000	31 038 000
Total Investments	0	0	0	0
Cash, Bank	52 000 000	101 199 000	95 332 000	70 506 000
Total Current Assets	281 137 000	220 766 000	201 647 000	212 072 000
Total Assets	1 337 765 000	1 335 673 000	1 235 598 000	1 011 096 000
Total Equity	448 066 000	428 335 000	508 295 000	432 150 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	610 813 000	608 613 000	618 910 000	165 149 000
Creditors	93 244 000	56 152 000	31 425 000	34 674 000
Unpaid Taxes	0	0	0	0
Dividends	0	0	0	0
Other Current Debt	44 483 000	20 879 000	21 493 000	21 525 000
Total Current Debt	278 886 000	298 725 000	108 393 000	413 799 000
Total Equity and Debt	1 337 765 000	1 335 673 000	1 235 598 000	1 011 098 000

Financial indicators	2022	2021	2020	2019
Return on Equity	4,41 %	−18,67 %	−9,58 %	−6,64 %
Debt-to-Equity Ratio	1,36	1,42	1,22	0,38
Operating Profit Margin	9,77 %	−5,25 %	0,43 %	4,85 %
Current Ratio	1,01	0,74	1,86	0,51
Quick Ratio	1,25	0,83	2,27	0,55
Equity Ratio	0,33	0,32	0,41	0,43
Gross Profit Margin	30,76 %	24,06 %	30,01 %	33,62 %