TIM OFFSHORE AS

5171 LODDEFJORD

Finances

Share Ownership

Return on Equity

140,07 %

Current Ratio

1,91

Debt-to-Equity Ratio

0,31

Key figures (NOK)	2022	2021	2020
Revenue	6 201 000	1 869 000	306 000
Net Income	1 510 000	601 000	240 000
Total Assets	2 903 000	535 000	407 000
Total Equity	1 078 000	35 000	264 000

Income (NOK)	2022	2021	2020
Revenue	6 201 000	1 869 000	306 000
Expenditure	4 262 000	1 097 000	0
Operating Profit	1 939 000	772 000	306 000
Financial Income	0	0	0
Financial Costs	3 000	1 000	0
Financial Balance	−3 000	−1 000	0
Earnings Before Tax	1 936 000	771 000	306 000
Tax	426 000	170 000	66 000
Net Income	1 510 000	601 000	240 000

Balance (NOK)	2022	2021	2020
Total Fixed Assets	56 000	14 000	0
Total Current Assets	2 847 000	521 000	407 000
Total Assets	2 903 000	535 000	407 000
Total Retained Equity	1 048 000	5 000	234 000
Total Equity	1 078 000	35 000	264 000
Total Long-Term Debt	338 000	236 000	0
Total Current Debt	1 487 000	263 000	143 000
Total Equity and Debt	2 903 000	535 000	407 000

Cash flow (NOK)	2022	2021	2020
Sales Income	6 201 000	1 869 000	306 000
Other Income	0	0	0
Revenue	6 201 000	1 869 000	306 000
Cost of Goods Sold	3 282 000	310 000	0
Salary Costs	915 000	663 000	0
Depreciation	17 000	7 000	0
Impairment	0	0	0
Expenditure	4 262 000	1 097 000	0
Operating Profit	1 939 000	772 000	306 000
Financial Income	0	0	0
Financial Costs	3 000	1 000	0
Financial Balance	−3 000	−1 000	0
Dividends	0	0	0
Net Income	1 510 000	601 000	240 000

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	50 000	14 000	0
Total Tangible Assets	50 000	14 000	0
Total Fiancial Fixed Assets	5 000	0	0
Total Fixed Assets	56 000	14 000	0
Stock	0	0	0
Total Investments	0	0	0
Cash, Bank	264 000	521 000	90 000
Total Current Assets	2 847 000	521 000	407 000
Total Assets	2 903 000	535 000	407 000
Total Equity	1 078 000	35 000	264 000
Short-Term Group Debt	0	0	0
Total Long-Term Debt	338 000	236 000	0
Creditors	630 000	0	0
Unpaid Taxes	418 000	102 000	77 000
Dividends	0	0	0
Other Current Debt	145 000	161 000	0
Total Current Debt	1 487 000	263 000	143 000
Total Equity and Debt	2 903 000	535 000	407 000

Financial indicators	2022	2021	2020
Return on Equity	140,07 %	1 717,14 %	90,91 %
Debt-to-Equity Ratio	0,31	6,74	0
Operating Profit Margin	31,27 %	41,31 %	100 %
Current Ratio	1,91	1,98	2,85
Quick Ratio	1,91	1,98	2,85
Equity Ratio	0,37	0,07	0,65
Gross Profit Margin	47,07 %	83,41 %	100 %