GRADIENT DRILLING SOLUTIONS AS

0791 OSLO

Finances

Share Ownership

Return on Equity

−350,85 %

Current Ratio

11,8

Debt-to-Equity Ratio

−10,17

Key figures (NOK)	2022	2021	2020
Revenue	420 000	1 429 000	447 000
Net Income	207 000	−359 000	26 000
Total Assets	590 000	704 000	1 539 000
Total Equity	−59 000	−266 000	93 000

Income (NOK)	2022	2021	2020
Revenue	420 000	1 429 000	447 000
Expenditure	511 000	1 441 000	405 000
Operating Profit	−90 000	−12 000	42 000
Financial Income	1 000	0	0
Financial Costs	27 000	23 000	8 000
Financial Balance	−26 000	−23 000	−8 000
Earnings Before Tax	−116 000	−36 000	33 000
Tax	−323 000	323 000	7 000
Net Income	207 000	−359 000	26 000

Balance (NOK)	2022	2021	2020
Total Fixed Assets	0	0	0
Total Current Assets	590 000	704 000	1 539 000
Total Assets	590 000	704 000	1 539 000
Total Retained Equity	−126 000	−333 000	26 000
Total Equity	−59 000	−266 000	93 000
Total Long-Term Debt	600 000	632 000	608 000
Total Current Debt	50 000	338 000	838 000
Total Equity and Debt	590 000	704 000	1 539 000

Cash flow (NOK)	2022	2021	2020
Sales Income	312 000	277 000	208 000
Other Income	108 000	1 152 000	240 000
Revenue	420 000	1 429 000	447 000
Cost of Goods Sold	0	0	0
Salary Costs	443 000	998 000	253 000
Depreciation	0	0	0
Impairment	0	0	0
Expenditure	511 000	1 441 000	405 000
Operating Profit	−90 000	−12 000	42 000
Financial Income	1 000	0	0
Financial Costs	27 000	23 000	8 000
Financial Balance	−26 000	−23 000	−8 000
Dividends	0	0	0
Net Income	207 000	−359 000	26 000

Balance details (NOK)	2022	2021	2020
Goodwill	0	0	0
Total Intangible Assets	0	0	0
Real Eastate	0	0	0
Machinery and Plant Facilities	0	0	0
Fixtures	0	0	0
Total Tangible Assets	0	0	0
Total Fiancial Fixed Assets	0	0	0
Total Fixed Assets	0	0	0
Stock	0	0	0
Total Investments	0	0	0
Cash, Bank	267 000	462 000	1 357 000
Total Current Assets	590 000	704 000	1 539 000
Total Assets	590 000	704 000	1 539 000
Total Equity	−59 000	−266 000	93 000
Short-Term Group Debt	0	0	0
Total Long-Term Debt	600 000	632 000	608 000
Creditors	−1 000	113 000	167 000
Unpaid Taxes	16 000	95 000	85 000
Dividends	0	0	0
Other Current Debt	35 000	131 000	578 000
Total Current Debt	50 000	338 000	838 000
Total Equity and Debt	590 000	704 000	1 539 000

Financial indicators	2022	2021	2020
Return on Equity	−350,85 %	134,96 %	27,96 %
Debt-to-Equity Ratio	−10,17	−2,38	6,54
Operating Profit Margin	−21,43 %	−0,84 %	9,4 %
Current Ratio	11,8	2,08	1,84
Quick Ratio	11,8	2,08	1,84
Equity Ratio	−0,1	−0,38	0,06
Gross Profit Margin	100 %	100 %	100 %