SØLVTRANS WELLBOAT OPERATION AS

6002 ÅLESUND

Finances

Return on Equity

−30,9 %

Current Ratio

1,67

Debt-to-Equity Ratio

0,17

Key figures (NOK)	2022	2021	2020	2019
Revenue	46 024 000	43 798 000	43 307 000	2 290 000
Net Income	−2 698 000	−2 969 000	2 044 000	−88 000
Total Assets	13 712 000	14 496 000	8 737 000	4 321 000
Total Equity	8 732 000	6 430 000	2 084 000	40 000

Income (NOK)	2022	2021	2020	2019
Revenue	46 024 000	43 798 000	43 307 000	2 290 000
Expenditure	47 907 000	45 565 000	41 534 000	2 403 000
Operating Profit	−1 883 000	−1 767 000	1 773 000	−113 000
Financial Income	1 480 000	959 000	999 000	0
Financial Costs	2 891 000	1 551 000	651 000	0
Financial Balance	−1 411 000	−592 000	348 000	0
Earnings Before Tax	−3 293 000	−2 359 000	2 121 000	−113 000
Tax	−595 000	610 000	77 000	−25 000
Net Income	−2 698 000	−2 969 000	2 044 000	−88 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	7 892 000	7 350 000	35 000	1 000
Total Current Assets	5 820 000	7 146 000	8 702 000	4 321 000
Total Assets	13 712 000	14 496 000	8 737 000	4 321 000
Total Retained Equity	0	0	2 044 000	0
Total Equity	8 732 000	6 430 000	2 084 000	40 000
Total Long-Term Debt	1 500 000	1 500 000	1 500 000	1 500 000
Total Current Debt	3 480 000	6 565 000	5 152 000	2 781 000
Total Equity and Debt	13 712 000	14 496 000	8 737 000	4 321 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	46 024 000	43 798 000	43 307 000	2 290 000
Other Income	0	0	0	0
Revenue	46 024 000	43 798 000	43 307 000	2 290 000
Cost of Goods Sold	30 990 000	29 528 000	26 435 000	0
Salary Costs	14 633 000	11 165 000	11 016 000	751 000
Depreciation	24 000	0	0	0
Impairment	0	0	0	0
Expenditure	47 907 000	45 565 000	41 534 000	2 403 000
Operating Profit	−1 883 000	−1 767 000	1 773 000	−113 000
Financial Income	1 480 000	959 000	999 000	0
Financial Costs	2 891 000	1 551 000	651 000	0
Financial Balance	−1 411 000	−592 000	348 000	0
Dividends	0	0	0	0
Net Income	−2 698 000	−2 969 000	2 044 000	−88 000

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	542 000	0	0	0
Total Tangible Assets	542 000	0	0	0
Total Fiancial Fixed Assets	7 350 000	7 350 000	35 000	1 000
Total Fixed Assets	7 892 000	7 350 000	35 000	1 000
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	576 000	0	0	39 000
Total Current Assets	5 820 000	7 146 000	8 702 000	4 321 000
Total Assets	13 712 000	14 496 000	8 737 000	4 321 000
Total Equity	8 732 000	6 430 000	2 084 000	40 000
Short-Term Group Debt	269 000	2 096 000	1 406 000	2 098 000
Total Long-Term Debt	1 500 000	1 500 000	1 500 000	1 500 000
Creditors	3 023 000	1 421 000	3 670 000	0
Unpaid Taxes	23 000	79 000	0	0
Dividends	0	0	0	0
Other Current Debt	165 000	2 969 000	0	684 000
Total Current Debt	3 480 000	6 565 000	5 152 000	2 781 000
Total Equity and Debt	13 712 000	14 496 000	8 737 000	4 321 000

Financial indicators	2022	2021	2020	2019
Return on Equity	−30,9 %	−46,17 %	98,08 %	−220 %
Debt-to-Equity Ratio	0,17	0,23	0,72	37,5
Operating Profit Margin	−4,09 %	−4,03 %	4,09 %	−4,93 %
Current Ratio	1,67	1,09	1,69	1,55
Quick Ratio	1,67	1,09	1,69	1,55
Equity Ratio	0,64	0,44	0,24	0,01
Gross Profit Margin	32,67 %	32,58 %	38,96 %	100 %