ISLAND DRILLING COMPANY AS

6065 ULSTEINVIK

Finances

Return on Equity

29,25 %

Current Ratio

1,3

Debt-to-Equity Ratio

−2,72

Key figures (USD)	2022	2021	2020	2019
Revenue	55 153 000	12 127 000	18 510 000	19 824 000
Net Income	−27 891 000	−39 274 000	58 213 000	−55 290 000
Total Assets	180 553 000	185 293 000	205 862 000	239 284 000
Total Equity	−95 355 000	−66 983 000	−37 161 000	−101 854 000

Income (USD)	2022	2021	2020	2019
Revenue	55 153 000	12 127 000	18 510 000	19 824 000
Expenditure	78 718 000	48 176 000	54 725 000	60 160 000
Operating Profit	−23 565 000	−36 049 000	−36 215 000	−40 336 000
Financial Income	831 000	267 000	109 674 000	545 000
Financial Costs	5 157 000	3 492 000	15 246 000	15 499 000
Financial Balance	−4 326 000	−3 225 000	94 428 000	−14 954 000
Earnings Before Tax	−27 891 000	−39 274 000	58 213 000	−55 290 000
Tax	0	0	0	0
Net Income	−27 891 000	−39 274 000	58 213 000	−55 290 000

Balance (USD)	2022	2021	2020	2019
Total Fixed Assets	159 126 000	178 765 000	203 456 000	225 099 000
Total Current Assets	21 427 000	6 528 000	2 406 000	14 185 000
Total Assets	180 553 000	185 293 000	205 862 000	239 284 000
Total Retained Equity	−136 640 000	−109 806 000	−70 404 000	−123 997 000
Total Equity	−95 355 000	−66 983 000	−37 161 000	−101 854 000
Total Long-Term Debt	259 481 000	170 031 000	166 270 000	17 098 000
Total Current Debt	16 427 000	82 245 000	76 753 000	324 040 000
Total Equity and Debt	180 553 000	185 293 000	205 862 000	239 284 000

Cash flow (USD)	2022	2021	2020	2019
Sales Income	55 153 000	12 127 000	18 510 000	19 824 000
Other Income	0	0	0	0
Revenue	55 153 000	12 127 000	18 510 000	19 824 000
Cost of Goods Sold	0	0	0	0
Salary Costs	24 703 000	13 691 000	14 869 000	16 657 000
Depreciation	24 976 000	24 831 000	23 796 000	21 841 000
Impairment	0	0	0	0
Expenditure	78 718 000	48 176 000	54 725 000	60 160 000
Operating Profit	−23 565 000	−36 049 000	−36 215 000	−40 336 000
Financial Income	831 000	267 000	109 674 000	545 000
Financial Costs	5 157 000	3 492 000	15 246 000	15 499 000
Financial Balance	−4 326 000	−3 225 000	94 428 000	−14 954 000
Dividends	0	0	0	0
Net Income	−27 891 000	−39 274 000	58 213 000	−55 290 000

Balance details (USD)	2022	2021	2020	2019
Goodwill	1 603 000	1 603 000	1 603 000	1 603 000
Total Intangible Assets	1 603 000	1 603 000	1 603 000	1 603 000
Real Eastate	0	0	840 000	0
Machinery and Plant Facilities	0	0	0	0
Fixtures	535 000	688 000	0	0
Total Tangible Assets	157 523 000	177 162 000	201 853 000	223 496 000
Total Fiancial Fixed Assets	0	0	0	0
Total Fixed Assets	159 126 000	178 765 000	203 456 000	225 099 000
Stock	967 000	199 000	291 000	557 000
Total Investments	0	0	0	0
Cash, Bank	2 005 000	2 897 000	1 344 000	7 824 000
Total Current Assets	21 427 000	6 528 000	2 406 000	14 185 000
Total Assets	180 553 000	185 293 000	205 862 000	239 284 000
Total Equity	−95 355 000	−66 983 000	−37 161 000	−101 854 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	259 481 000	170 031 000	166 270 000	17 098 000
Creditors	0	0	1 718 000	14 064 000
Unpaid Taxes	0	0	0	0
Dividends	0	0	0	0
Other Current Debt	16 427 000	82 245 000	1 617 000	64 780 000
Total Current Debt	16 427 000	82 245 000	76 753 000	324 040 000
Total Equity and Debt	180 553 000	185 293 000	205 862 000	239 284 000

Financial indicators	2022	2021	2020	2019
Return on Equity	29,25 %	58,63 %	−156,65 %	54,28 %
Debt-to-Equity Ratio	−2,72	−2,54	−4,47	−0,17
Operating Profit Margin	−42,73 %	−297,26 %	−195,65 %	−203,47 %
Current Ratio	1,3	0,08	0,03	0,04
Quick Ratio	1,39	0,08	0,03	0,04
Equity Ratio	−0,53	−0,36	−0,18	−0,43
Gross Profit Margin	100 %	100 %	100 %	100 %