SHEARWATER GEOSERVICES AS

5160 LAKSEVÅG

Finances

Return on Equity

37,42 %

Current Ratio

0,44

Debt-to-Equity Ratio

0,37

Key figures (USD)	2022	2021	2020	2019
Revenue	242 000	0	0	0
Net Income	238 707 000	−8 872 000	3 570 000	−763 000
Total Assets	1 052 220 000	898 606 000	852 526 000	121 877 000
Total Equity	637 873 000	399 166 000	438 320 000	91 261 000

Income (USD)	2022	2021	2020	2019
Revenue	242 000	0	0	0
Expenditure	3 544 000	3 424 000	1 837 000	1 523 000
Operating Profit	−3 302 000	−3 424 000	−1 837 000	−1 523 000
Financial Income	283 020 000	25 305 000	6 527 000	1 859 000
Financial Costs	41 011 000	30 753 000	1 943 000	1 099 000
Financial Balance	242 009 000	−5 448 000	4 584 000	760 000
Earnings Before Tax	238 707 000	−8 872 000	2 746 000	−763 000
Tax	0	0	−824 000	0
Net Income	238 707 000	−8 872 000	3 570 000	−763 000

Balance (USD)	2022	2021	2020	2019
Total Fixed Assets	974 070 000	791 742 000	385 946 000	62 742 000
Total Current Assets	78 151 000	106 865 000	466 580 000	59 134 000
Total Assets	1 052 220 000	898 606 000	852 526 000	121 877 000
Total Retained Equity	203 720 000	−34 987 000	4 167 000	1 420 000
Total Equity	637 873 000	399 166 000	438 320 000	91 261 000
Total Long-Term Debt	237 055 000	189 258 000	349 190 000	0
Total Current Debt	177 292 000	310 182 000	65 015 000	30 615 000
Total Equity and Debt	1 052 220 000	898 606 000	852 526 000	121 877 000

Cash flow (USD)	2022	2021	2020	2019
Sales Income	0	0	0	0
Other Income	242 000	0	0	0
Revenue	242 000	0	0	0
Cost of Goods Sold	0	0	0	0
Salary Costs	0	0	0	0
Depreciation	0	0	0	0
Impairment	0	0	0	0
Expenditure	3 544 000	3 424 000	1 837 000	1 523 000
Operating Profit	−3 302 000	−3 424 000	−1 837 000	−1 523 000
Financial Income	283 020 000	25 305 000	6 527 000	1 859 000
Financial Costs	41 011 000	30 753 000	1 943 000	1 099 000
Financial Balance	242 009 000	−5 448 000	4 584 000	760 000
Dividends	0	0	0	0
Net Income	238 707 000	−8 872 000	3 570 000	−763 000

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	0	0	0	0
Fixtures	0	0	0	0
Total Tangible Assets	0	0	0	0
Total Fiancial Fixed Assets	974 070 000	791 742 000	385 946 000	62 742 000
Total Fixed Assets	974 070 000	791 742 000	385 946 000	62 742 000
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	23 370 000	42 865 000	16 222 000	94 000
Total Current Assets	78 151 000	106 865 000	466 580 000	59 134 000
Total Assets	1 052 220 000	898 606 000	852 526 000	121 877 000
Total Equity	637 873 000	399 166 000	438 320 000	91 261 000
Short-Term Group Debt	30 556 000	0	0	0
Total Long-Term Debt	237 055 000	189 258 000	349 190 000	0
Creditors	30 000	105 000	109 000	1 000
Unpaid Taxes	0	0	0	0
Dividends	0	0	0	0
Other Current Debt	99 405 000	149 016 000	53 510 000	30 614 000
Total Current Debt	177 292 000	310 182 000	65 015 000	30 615 000
Total Equity and Debt	1 052 220 000	898 606 000	852 526 000	121 877 000

Financial indicators	2022	2021	2020	2019
Return on Equity	37,42 %	−2,22 %	0,81 %	−0,84 %
Debt-to-Equity Ratio	0,37	0,47	0,8	0
Operating Profit Margin	−1 364,46 %	-	-	-
Current Ratio	0,44	0,34	7,18	1,93
Quick Ratio	0,44	0,34	7,18	1,93
Equity Ratio	0,61	0,44	0,51	0,75
Gross Profit Margin	100 %	-	-	-