AZIMUTH ENERGY SOLUTIONS AS

4018 STAVANGER

Finances

Share Ownership

Return on Equity

64,94 %

Current Ratio

1,44

Debt-to-Equity Ratio

Key figures (NOK)	2022	2021	2020	2019
Revenue	3 276 000	4 439 000	4 893 000	3 573 000
Net Income	213 000	849 000	1 290 000	−54 000
Total Assets	1 030 000	3 171 000	2 338 000	732 000
Total Equity	328 000	115 000	1 266 000	−24 000

Income (NOK)	2022	2021	2020	2019
Revenue	3 276 000	4 439 000	4 893 000	3 573 000
Expenditure	2 998 000	3 342 000	3 259 000	3 624 000
Operating Profit	278 000	1 096 000	1 634 000	−52 000
Financial Income	0	0	0	0
Financial Costs	0	5 000	0	3 000
Financial Balance	0	−5 000	0	−3 000
Earnings Before Tax	278 000	1 091 000	1 635 000	−54 000
Tax	65 000	242 000	345 000	0
Net Income	213 000	849 000	1 290 000	−54 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	17 000	46 000	76 000	0
Total Current Assets	1 013 000	3 125 000	2 262 000	732 000
Total Assets	1 030 000	3 171 000	2 338 000	732 000
Total Retained Equity	298 000	85 000	1 236 000	−54 000
Total Equity	328 000	115 000	1 266 000	−24 000
Total Long-Term Debt	0	0	0	0
Total Current Debt	702 000	3 056 000	1 072 000	755 000
Total Equity and Debt	1 030 000	3 171 000	2 338 000	732 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	3 276 000	4 439 000	4 893 000	3 573 000
Other Income	0	0	0	0
Revenue	3 276 000	4 439 000	4 893 000	3 573 000
Cost of Goods Sold	0	0	0	0
Salary Costs	2 504 000	2 932 000	2 830 000	3 442 000
Depreciation	29 000	29 000	12 000	0
Impairment	0	0	0	0
Expenditure	2 998 000	3 342 000	3 259 000	3 624 000
Operating Profit	278 000	1 096 000	1 634 000	−52 000
Financial Income	0	0	0	0
Financial Costs	0	5 000	0	3 000
Financial Balance	0	−5 000	0	−3 000
Dividends	0	2 000 000	0	0
Net Income	213 000	849 000	1 290 000	−54 000

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	17 000	46 000	76 000	0
Total Tangible Assets	17 000	46 000	76 000	0
Total Fiancial Fixed Assets	0	0	0	0
Total Fixed Assets	17 000	46 000	76 000	0
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	781 000	1 789 000	1 381 000	732 000
Total Current Assets	1 013 000	3 125 000	2 262 000	732 000
Total Assets	1 030 000	3 171 000	2 338 000	732 000
Total Equity	328 000	115 000	1 266 000	−24 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	0	0	0	0
Creditors	19 000	16 000	16 000	0
Unpaid Taxes	285 000	356 000	477 000	374 000
Dividends	0	2 000 000	0	0
Other Current Debt	333 000	441 000	235 000	382 000
Total Current Debt	702 000	3 056 000	1 072 000	755 000
Total Equity and Debt	1 030 000	3 171 000	2 338 000	732 000

Financial indicators	2022	2021	2020	2019
Return on Equity	64,94 %	738,26 %	101,9 %	225 %
Debt-to-Equity Ratio	0	0	0	−0
Operating Profit Margin	8,49 %	24,69 %	33,39 %	−1,46 %
Current Ratio	1,44	1,02	2,11	0,97
Quick Ratio	1,44	1,02	2,11	0,97
Equity Ratio	0,32	0,04	0,54	−0,03
Gross Profit Margin	100 %	100 %	100 %	100 %