Q10 OFFSHORE AS

4007 STAVANGER

Finances

Return on Equity

43,59 %

Current Ratio

0,93

Debt-to-Equity Ratio

Key figures (NOK)	2022	2021	2020	2019
Revenue	31 457 000	21 281 000	15 703 000	38 320 000
Net Income	3 554 000	1 727 000	1 150 000	835 000
Total Assets	18 219 000	19 923 000	13 891 000	13 610 000
Total Equity	8 153 000	8 099 000	500 000	1 658 000

Income (NOK)	2022	2021	2020	2019
Revenue	31 457 000	21 281 000	15 703 000	38 320 000
Expenditure	28 867 000	19 068 000	14 241 000	37 251 000
Operating Profit	2 590 000	2 213 000	1 462 000	1 068 000
Financial Income	1 546 000	1 000	14 000	13 000
Financial Costs	2 000	0	2 000	8 000
Financial Balance	1 544 000	1 000	12 000	5 000
Earnings Before Tax	4 134 000	2 214 000	1 474 000	1 074 000
Tax	580 000	487 000	324 000	238 000
Net Income	3 554 000	1 727 000	1 150 000	835 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	8 809 000	8 769 000	9 585 000	0
Total Current Assets	9 410 000	11 154 000	4 306 000	13 610 000
Total Assets	18 219 000	19 923 000	13 891 000	13 610 000
Total Retained Equity	7 528 000	7 474 000	0	1 158 000
Total Equity	8 153 000	8 099 000	500 000	1 658 000
Total Long-Term Debt	0	0	0	32 000
Total Current Debt	10 066 000	11 824 000	13 391 000	11 920 000
Total Equity and Debt	18 219 000	19 923 000	13 891 000	13 610 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	31 457 000	21 281 000	15 702 000	38 320 000
Other Income	0	0	1 000	0
Revenue	31 457 000	21 281 000	15 703 000	38 320 000
Cost of Goods Sold	3 363 000	1 450 000	2 049 000	13 129 000
Salary Costs	23 656 000	16 439 000	11 868 000	23 529 000
Depreciation	0	0	0	0
Impairment	0	0	0	0
Expenditure	28 867 000	19 068 000	14 241 000	37 251 000
Operating Profit	2 590 000	2 213 000	1 462 000	1 068 000
Financial Income	1 546 000	1 000	14 000	13 000
Financial Costs	2 000	0	2 000	8 000
Financial Balance	1 544 000	1 000	12 000	5 000
Dividends	3 500 000	0	2 307 000	0
Net Income	3 554 000	1 727 000	1 150 000	835 000

Balance details (NOK)	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	8 809 000	8 769 000	9 585 000	0
Total Fixed Assets	8 809 000	8 769 000	9 585 000	0
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	2 429 000	3 220 000	821 000	6 253 000
Total Current Assets	9 410 000	11 154 000	4 306 000	13 610 000
Total Assets	18 219 000	19 923 000	13 891 000	13 610 000
Total Equity	8 153 000	8 099 000	500 000	1 658 000
Short-Term Group Debt	93 000	4 439 000	648 000	2 000 000
Total Long-Term Debt	0	0	0	32 000
Creditors	87 000	1 146 000	14 000	4 544 000
Unpaid Taxes	2 307 000	1 848 000	592 000	1 429 000
Dividends	3 500 000	0	2 307 000	0
Other Current Debt	3 499 000	3 904 000	9 594 000	3 721 000
Total Current Debt	10 066 000	11 824 000	13 391 000	11 920 000
Total Equity and Debt	18 219 000	19 923 000	13 891 000	13 610 000

Financial indicators	2022	2021	2020	2019
Return on Equity	43,59 %	21,32 %	230 %	50,36 %
Debt-to-Equity Ratio	0	0	0	0,02
Operating Profit Margin	8,23 %	10,4 %	9,31 %	2,79 %
Current Ratio	0,93	0,94	0,32	1,14
Quick Ratio	0,93	0,94	0,32	1,14
Equity Ratio	0,45	0,41	0,04	0,12
Gross Profit Margin	89,31 %	93,19 %	86,95 %	65,74 %