AKOFS OFFSHORE AS

0277 OSLO

Finances

Return on Equity

−28,87 %

Current Ratio

0,47

Debt-to-Equity Ratio

1,86

Key figures (USD)	2022	2021	2020	2019
Revenue	148 515 000	147 030 000	106 671 000	124 222 000
Net Income	−35 760 000	−60 103 000	−49 918 000	−11 358 000
Total Assets	546 454 000	590 112 000	645 621 000	648 615 000
Total Equity	123 882 000	172 127 000	226 067 000	241 973 000

Income (USD)	2022	2021	2020	2019
Revenue	148 515 000	147 030 000	106 671 000	124 222 000
Expenditure	140 036 000	162 678 000	120 889 000	97 353 000
Operating Profit	8 479 000	−15 648 000	−14 218 000	26 869 000
Financial Income	5 120 000	1 970 000	5 452 000	842 000
Financial Costs	48 261 000	38 820 000	39 463 000	37 976 000
Financial Balance	−43 141 000	−36 850 000	−34 011 000	−37 134 000
Earnings Before Tax	−34 662 000	−52 498 000	−48 229 000	−10 265 000
Tax	1 098 000	7 605 000	1 689 000	1 093 000
Net Income	−35 760 000	−60 103 000	−49 918 000	−11 358 000

Balance (USD)	2022	2021	2020	2019
Total Fixed Assets	456 707 000	482 174 000	537 441 000	576 857 000
Total Current Assets	89 747 000	107 938 000	108 180 000	71 758 000
Total Assets	546 454 000	590 112 000	645 621 000	648 615 000
Total Retained Equity	−256 233 000	−209 969 000	−148 329 000	−94 423 000
Total Equity	123 882 000	172 127 000	226 067 000	241 973 000
Total Long-Term Debt	230 844 000	235 157 000	261 998 000	237 625 000
Total Current Debt	191 728 000	182 828 000	157 557 000	169 019 000
Total Equity and Debt	546 454 000	590 112 000	645 622 000	648 617 000

Cash flow (USD)	2022	2021	2020	2019
Sales Income	148 465 000	146 914 000	105 696 000	124 217 000
Other Income	50 000	116 000	975 000	5 000
Revenue	148 515 000	147 030 000	106 671 000	124 222 000
Cost of Goods Sold	52 509 000	62 504 000	37 747 000	34 577 000
Salary Costs	36 581 000	36 793 000	16 456 000	15 978 000
Depreciation	39 232 000	42 293 000	35 539 000	36 681 000
Impairment	0	10 231 000	22 939 000	0
Expenditure	140 036 000	162 678 000	120 889 000	97 353 000
Operating Profit	8 479 000	−15 648 000	−14 218 000	26 869 000
Financial Income	5 120 000	1 970 000	5 452 000	842 000
Financial Costs	48 261 000	38 820 000	39 463 000	37 976 000
Financial Balance	−43 141 000	−36 850 000	−34 011 000	−37 134 000
Dividends	0	0	0	0
Net Income	−35 760 000	−60 103 000	−49 918 000	−11 358 000

Balance details (USD)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	7 867 000	7 706 000	15 074 000	18 779 000
Real Eastate	0	0	0	0
Machinery and Plant Facilities	0	0	0	0
Fixtures	0	0	0	0
Total Tangible Assets	448 624 000	474 239 000	522 138 000	557 850 000
Total Fiancial Fixed Assets	216 000	229 000	229 000	228 000
Total Fixed Assets	456 707 000	482 174 000	537 441 000	576 857 000
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	31 323 000	38 200 000	28 747 000	30 909 000
Total Current Assets	89 747 000	107 938 000	108 180 000	71 758 000
Total Assets	546 454 000	590 112 000	645 621 000	648 615 000
Total Equity	123 882 000	172 127 000	226 067 000	241 973 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	230 844 000	235 157 000	261 998 000	237 625 000
Creditors	29 209 000	29 141 000	25 813 000	35 067 000
Unpaid Taxes	0	0	0	0
Dividends	0	0	0	0
Other Current Debt	41 373 000	42 604 000	41 132 000	37 761 000
Total Current Debt	191 728 000	182 828 000	157 557 000	169 019 000
Total Equity and Debt	546 454 000	590 112 000	645 622 000	648 617 000

Financial indicators	2022	2021	2020	2019
Return on Equity	−28,87 %	−34,92 %	−22,08 %	−4,69 %
Debt-to-Equity Ratio	1,86	1,37	1,16	0,98
Operating Profit Margin	5,71 %	−10,64 %	−13,33 %	21,63 %
Current Ratio	0,47	0,59	0,69	0,42
Quick Ratio	0,47	0,59	0,69	0,42
Equity Ratio	0,23	0,29	0,35	0,37
Gross Profit Margin	64,64 %	57,49 %	64,61 %	72,17 %