TIDEWATER MARINE AS

4307 SANDNES

Finances

Share Ownership

Return on Equity

12,06 %

Current Ratio

1,73

Debt-to-Equity Ratio

Key figures (NOK)	2021	2020	2019	2018
Revenue	223 359 000	223 303 000	199 435 000	144 862 000
Net Income	21 372 000	7 156 000	9 829 000	13 330 000
Total Assets	411 630 000	362 623 000	343 412 000	319 009 000
Total Equity	177 191 000	172 193 000	167 067 000	157 239 000

Income (NOK)	2021	2020	2019	2018
Revenue	223 359 000	223 303 000	199 435 000	144 862 000
Expenditure	216 610 000	215 413 000	197 657 000	142 791 000
Operating Profit	6 748 000	7 889 000	1 777 000	2 072 000
Financial Income	29 927 000	11 106 000	13 832 000	20 103 000
Financial Costs	9 275 000	9 822 000	3 008 000	4 196 000
Financial Balance	20 652 000	1 284 000	10 824 000	15 907 000
Earnings Before Tax	27 400 000	9 174 000	12 601 000	17 978 000
Tax	6 028 000	2 018 000	2 772 000	4 648 000
Net Income	21 372 000	7 156 000	9 829 000	13 330 000

Balance (NOK)	2021	2020	2019	2018
Total Fixed Assets	5 653 000	322 777 000	326 995 000	307 846 000
Total Current Assets	405 977 000	39 847 000	16 417 000	11 163 000
Total Assets	411 630 000	362 623 000	343 412 000	319 009 000
Total Retained Equity	0	55 963 000	50 837 000	41 009 000
Total Equity	177 191 000	172 193 000	167 067 000	157 239 000
Total Long-Term Debt	0	98 548 000	97 613 000	94 561 000
Total Current Debt	234 438 000	91 882 000	78 731 000	67 209 000
Total Equity and Debt	411 630 000	362 623 000	343 412 000	319 009 000

Cash flow (NOK)	2021	2020	2019	2018
Sales Income	223 359 000	223 303 000	199 435 000	142 903 000
Other Income	0	0	0	1 959 000
Revenue	223 359 000	223 303 000	199 435 000	144 862 000
Cost of Goods Sold	0	0	0	0
Salary Costs	199 333 000	201 666 000	179 685 000	127 308 000
Depreciation	0	0	0	90 000
Impairment	0	0	0	0
Expenditure	216 610 000	215 413 000	197 657 000	142 791 000
Operating Profit	6 748 000	7 889 000	1 777 000	2 072 000
Financial Income	29 927 000	11 106 000	13 832 000	20 103 000
Financial Costs	9 275 000	9 822 000	3 008 000	4 196 000
Financial Balance	20 652 000	1 284 000	10 824 000	15 907 000
Dividends	0	0	0	0
Net Income	21 372 000	7 156 000	9 829 000	13 330 000

Balance details (NOK)	2021	2020	2019	2018
Goodwill	0	0	0	0
Total Intangible Assets	5 653 000	7 063 000	8 508 000	11 281 000
Real Eastate	0	0	0	0
Machinery and Plant Facilities	0	0	0	0
Fixtures	0	0	0	0
Total Tangible Assets	0	0	0	0
Total Fiancial Fixed Assets	0	315 714 000	318 486 000	296 565 000
Total Fixed Assets	5 653 000	322 777 000	326 995 000	307 846 000
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	10 183 000	8 536 000	8 118 000	10 501 000
Total Current Assets	405 977 000	39 847 000	16 417 000	11 163 000
Total Assets	411 630 000	362 623 000	343 412 000	319 009 000
Total Equity	177 191 000	172 193 000	167 067 000	157 239 000
Short-Term Group Debt	218 606 000	0	63 604 000	0
Total Long-Term Debt	0	98 548 000	97 613 000	94 561 000
Creditors	1 915 000	1 882 000	1 595 000	696 000
Unpaid Taxes	10 814 000	10 776 000	10 967 000	5 830 000
Dividends	0	0	0	0
Other Current Debt	3 104 000	79 224 000	2 565 000	1 149 000
Total Current Debt	234 438 000	91 882 000	78 731 000	67 209 000
Total Equity and Debt	411 630 000	362 623 000	343 412 000	319 009 000

Financial indicators	2021	2020	2019	2018
Return on Equity	12,06 %	4,16 %	5,88 %	8,48 %
Debt-to-Equity Ratio	0	0,57	0,58	0,6
Operating Profit Margin	3,02 %	3,53 %	0,89 %	1,43 %
Current Ratio	1,73	0,43	0,21	0,17
Quick Ratio	1,73	0,43	0,21	0,17
Equity Ratio	0,43	0,47	0,49	0,49
Gross Profit Margin	100 %	100 %	100 %	100 %