FARSUND DRILLING SOLUTION AS

4550 FARSUND

Finances

Share Ownership

Return on Equity

3,33 %

Current Ratio

0,42

Debt-to-Equity Ratio

Key figures (NOK)	2022	2021	2020	2019
Revenue	2 717 000	3 650 000	1 017 000	566 000
Net Income	3 000	3 432 000	−2 347 000	−904 000
Total Assets	6 779 000	8 231 000	973 000	1 111 000
Total Equity	90 000	87 000	−3 345 000	−998 000

Income (NOK)	2022	2021	2020	2019
Revenue	2 717 000	3 650 000	1 017 000	566 000
Expenditure	2 643 000	204 000	2 797 000	902 000
Operating Profit	74 000	3 446 000	−2 347 000	−904 000
Financial Income	0	0	0	0
Financial Costs	0	0	0	0
Financial Balance	0	0	0	0
Earnings Before Tax	73 000	3 445 000	−2 347 000	−904 000
Tax	70 000	13 000	0	0
Net Income	3 000	3 432 000	−2 347 000	−904 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	3 937 000	3 861 000	0	0
Total Current Assets	2 842 000	4 371 000	973 000	1 111 000
Total Assets	6 779 000	8 231 000	973 000	1 111 000
Total Retained Equity	50 000	47 000	−3 385 000	−1 038 000
Total Equity	90 000	87 000	−3 345 000	−998 000
Total Long-Term Debt	0	0	0	0
Total Current Debt	6 689 000	8 145 000	4 318 000	2 109 000
Total Equity and Debt	6 779 000	8 231 000	973 000	1 111 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	2 388 000	3 650 000	1 017 000	566 000
Other Income	329 000	0	0	0
Revenue	2 717 000	3 650 000	1 017 000	566 000
Cost of Goods Sold	1 241 000	0	2 304 000	200 000
Salary Costs	1 123 000	155 000	392 000	472 000
Depreciation	19 000	0	0	0
Impairment	0	0	0	0
Expenditure	2 643 000	204 000	2 797 000	902 000
Operating Profit	74 000	3 446 000	−2 347 000	−904 000
Financial Income	0	0	0	0
Financial Costs	0	0	0	0
Financial Balance	0	0	0	0
Dividends	0	0	0	0
Net Income	3 000	3 432 000	−2 347 000	−904 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	3 861 000	3 861 000	0	0
Real Eastate	0	0	0	0
Machinery and Plant Facilities	76 000	0	0	0
Fixtures	0	0	0	0
Total Tangible Assets	76 000	0	0	0
Total Fiancial Fixed Assets	0	0	0	0
Total Fixed Assets	3 937 000	3 861 000	0	0
Stock	1 162 000	1 142 000	378 000	1 095 000
Total Investments	0	0	0	0
Cash, Bank	24 000	220 000	2 000	16 000
Total Current Assets	2 842 000	4 371 000	973 000	1 111 000
Total Assets	6 779 000	8 231 000	973 000	1 111 000
Total Equity	90 000	87 000	−3 345 000	−998 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	0	0	0	0
Creditors	677 000	2 410 000	36 000	0
Unpaid Taxes	175 000	128 000	5 000	45 000
Dividends	0	0	0	0
Other Current Debt	5 767 000	5 593 000	4 277 000	2 064 000
Total Current Debt	6 689 000	8 145 000	4 318 000	2 109 000
Total Equity and Debt	6 779 000	8 231 000	973 000	1 111 000

Financial indicators	2022	2021	2020	2019
Return on Equity	3,33 %	3 944,83 %	70,16 %	90,58 %
Debt-to-Equity Ratio	0	0	−0	−0
Operating Profit Margin	2,72 %	94,41 %	−230,78 %	−159,72 %
Current Ratio	0,42	0,54	0,23	0,53
Quick Ratio	0,51	0,62	0,25	1,1
Equity Ratio	0,01	0,01	−3,44	−0,9
Gross Profit Margin	54,32 %	100 %	−126,55 %	64,66 %