SIEM OIL SERVICE INVEST NORWAY AS

4610 KRISTIANSAND S

Finances

Return on Equity

3,54 %

Current Ratio

4,12

Debt-to-Equity Ratio

1,07

Key figures (USD)	2022	2021	2020	2019
Revenue	886 000	5 107 000	605 000	−404 000
Net Income	1 260 000	1 778 000	−9 618 000	−3 276 000
Total Assets	73 751 000	64 484 000	69 871 000	21 138 000
Total Equity	35 590 000	34 330 000	32 552 000	13 170 000

Income (USD)	2022	2021	2020	2019
Revenue	886 000	5 107 000	605 000	−404 000
Expenditure	567 000	3 142 000	10 070 000	2 727 000
Operating Profit	319 000	1 965 000	−9 465 000	−3 131 000
Financial Income	786 000	589 000	579 000	120 000
Financial Costs	656 000	776 000	732 000	262 000
Financial Balance	130 000	−187 000	−153 000	−142 000
Earnings Before Tax	450 000	1 778 000	−9 618 000	−3 274 000
Tax	−810 000	0	0	2 000
Net Income	1 260 000	1 778 000	−9 618 000	−3 276 000

Balance (USD)	2022	2021	2020	2019
Total Fixed Assets	73 002 000	62 327 000	69 103 000	20 224 000
Total Current Assets	749 000	2 157 000	768 000	914 000
Total Assets	73 751 000	64 484 000	69 871 000	21 138 000
Total Retained Equity	0	0	0	0
Total Equity	35 590 000	34 330 000	32 552 000	13 170 000
Total Long-Term Debt	37 979 000	30 028 000	37 071 000	7 500 000
Total Current Debt	182 000	126 000	248 000	468 000
Total Equity and Debt	73 751 000	64 484 000	69 871 000	21 138 000

Cash flow (USD)	2022	2021	2020	2019
Sales Income	−322 000	1 793 000	605 000	−404 000
Other Income	1 208 000	3 314 000	0	0
Revenue	886 000	5 107 000	605 000	−404 000
Cost of Goods Sold	325 000	2 586 000	743 000	1 080 000
Salary Costs	0	0	0	0
Depreciation	173 000	483 000	1 433 000	1 437 000
Impairment	0	0	7 756 000	0
Expenditure	567 000	3 142 000	10 070 000	2 727 000
Operating Profit	319 000	1 965 000	−9 465 000	−3 131 000
Financial Income	786 000	589 000	579 000	120 000
Financial Costs	656 000	776 000	732 000	262 000
Financial Balance	130 000	−187 000	−153 000	−142 000
Dividends	0	0	0	0
Net Income	1 260 000	1 778 000	−9 618 000	−3 276 000

Balance details (USD)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	810 000	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	4 051 000	11 033 000	20 222 000
Total Fiancial Fixed Assets	72 192 000	58 276 000	58 070 000	2 000
Total Fixed Assets	73 002 000	62 327 000	69 103 000	20 224 000
Stock	0	261 000	389 000	270 000
Total Investments	0	0	0	0
Cash, Bank	461 000	991 000	217 000	488 000
Total Current Assets	749 000	2 157 000	768 000	914 000
Total Assets	73 751 000	64 484 000	69 871 000	21 138 000
Total Equity	35 590 000	34 330 000	32 552 000	13 170 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	37 979 000	30 028 000	37 071 000	7 500 000
Creditors	162 000	116 000	220 000	120 000
Unpaid Taxes	0	0	19 000	64 000
Dividends	0	0	0	0
Other Current Debt	20 000	11 000	9 000	284 000
Total Current Debt	182 000	126 000	248 000	468 000
Total Equity and Debt	73 751 000	64 484 000	69 871 000	21 138 000

Financial indicators	2022	2021	2020	2019
Return on Equity	3,54 %	5,18 %	−29,55 %	−24,87 %
Debt-to-Equity Ratio	1,07	0,87	1,14	0,57
Operating Profit Margin	36 %	38,48 %	−1 564,46 %	775 %
Current Ratio	4,12	17,12	3,1	1,95
Quick Ratio	4,12	−15,98	−5,45	4,62
Equity Ratio	0,48	0,53	0,47	0,62
Gross Profit Margin	63,32 %	49,36 %	−22,81 %	367,33 %