LYNG DRILLING AS

7125 VANVIKAN

Finances

Share Ownership

Return on Equity

3,58 %

Current Ratio

1,25

Debt-to-Equity Ratio

Key figures (NOK)	2022	2021	2020	2019
Revenue	94 863 000	82 038 000	84 822 000	108 347 000
Net Income	979 000	4 955 000	4 795 000	13 261 000
Total Assets	107 742 000	81 164 000	78 005 000	128 365 000
Total Equity	27 342 000	14 771 000	17 690 000	19 074 000

Income (NOK)	2022	2021	2020	2019
Revenue	94 863 000	82 038 000	84 822 000	108 347 000
Expenditure	91 009 000	77 896 000	72 605 000	96 498 000
Operating Profit	3 854 000	4 143 000	12 217 000	11 849 000
Financial Income	0	2 481 000	47 000	6 307 000
Financial Costs	4 391 000	121 000	4 971 000	868 000
Financial Balance	−4 391 000	2 360 000	−4 924 000	5 439 000
Earnings Before Tax	2 776 000	6 503 000	7 292 000	17 288 000
Tax	1 797 000	1 548 000	2 497 000	4 027 000
Net Income	979 000	4 955 000	4 795 000	13 261 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	7 612 000	7 388 000	6 750 000	7 462 000
Total Current Assets	100 130 000	73 776 000	71 255 000	120 903 000
Total Assets	107 742 000	81 164 000	78 005 000	128 365 000
Total Retained Equity	20 342 000	7 771 000	10 690 000	12 074 000
Total Equity	27 342 000	14 771 000	17 690 000	19 074 000
Total Long-Term Debt	0	0	288 000	679 000
Total Current Debt	80 400 000	66 393 000	60 026 000	108 612 000
Total Equity and Debt	107 742 000	81 164 000	78 005 000	128 365 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	94 863 000	81 998 000	84 822 000	108 347 000
Other Income	0	40 000	0	0
Revenue	94 863 000	82 038 000	84 822 000	108 347 000
Cost of Goods Sold	46 763 000	33 434 000	32 687 000	49 493 000
Salary Costs	29 637 000	26 885 000	27 442 000	30 835 000
Depreciation	2 244 000	1 729 000	1 795 000	1 795 000
Impairment	0	0	0	0
Expenditure	91 009 000	77 896 000	72 605 000	96 498 000
Operating Profit	3 854 000	4 143 000	12 217 000	11 849 000
Financial Income	0	2 481 000	47 000	6 307 000
Financial Costs	4 391 000	121 000	4 971 000	868 000
Financial Balance	−4 391 000	2 360 000	−4 924 000	5 439 000
Dividends	0	0	0	0
Net Income	979 000	4 955 000	4 795 000	13 261 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	715 000	283 000	0	0
Real Eastate	0	0	0	0
Machinery and Plant Facilities	0	0	0	0
Fixtures	6 897 000	7 105 000	6 750 000	7 462 000
Total Tangible Assets	6 897 000	7 105 000	6 750 000	7 462 000
Total Fiancial Fixed Assets	0	0	0	0
Total Fixed Assets	7 612 000	7 388 000	6 750 000	7 462 000
Stock	25 449 000	15 665 000	15 677 000	16 085 000
Total Investments	0	0	0	0
Cash, Bank	0	0	0	0
Total Current Assets	100 130 000	73 776 000	71 255 000	120 903 000
Total Assets	107 742 000	81 164 000	78 005 000	128 365 000
Total Equity	27 342 000	14 771 000	17 690 000	19 074 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	0	0	288 000	679 000
Creditors	14 406 000	7 667 000	4 127 000	6 438 000
Unpaid Taxes	1 801 000	1 708 000	769 000	1 710 000
Dividends	0	0	0	0
Other Current Debt	60 241 000	57 017 000	55 131 000	100 463 000
Total Current Debt	80 400 000	66 393 000	60 026 000	108 612 000
Total Equity and Debt	107 742 000	81 164 000	78 005 000	128 365 000

Financial indicators	2022	2021	2020	2019
Return on Equity	3,58 %	33,55 %	27,11 %	69,52 %
Debt-to-Equity Ratio	0	0	0,02	0,04
Operating Profit Margin	4,06 %	5,05 %	14,4 %	10,94 %
Current Ratio	1,25	1,11	1,19	1,11
Quick Ratio	1,82	1,45	1,61	1,31
Equity Ratio	0,25	0,18	0,23	0,15
Gross Profit Margin	50,7 %	59,25 %	61,46 %	54,32 %