SOLSTAD OFFSHORE ASA

4280 SKUDENESHAVN

Finances

Return on Equity

−63,76 %

Current Ratio

1,08

Debt-to-Equity Ratio

11,54

Key figures (NOK)	2022	2021	2020	2019
Revenue	6 500 131 000	5 417 500 000	5 025 630 000	5 244 881 000
Net Income	−1 117 803 000	−1 136 063 000	7 253 867 000	−3 129 294 000
Total Assets	26 019 129 000	24 937 680 000	26 068 977 000	29 833 108 000
Total Equity	1 753 125 000	3 083 482 000	4 243 075 000	−3 835 420 000

Income (NOK)	2022	2021	2020	2019
Revenue	6 500 131 000	5 417 500 000	5 025 630 000	5 244 881 000
Expenditure	5 200 766 000	5 424 660 000	7 252 056 000	6 481 466 000
Operating Profit	1 299 365 000	−7 160 000	−2 226 426 000	−1 236 585 000
Financial Income	59 987 000	183 808 000	12 393 520 000	112 402 000
Financial Costs	2 372 476 000	1 287 047 000	2 916 744 000	1 846 562 000
Financial Balance	−2 312 489 000	−1 103 239 000	9 476 776 000	−1 734 160 000
Earnings Before Tax	−1 013 124 000	−1 110 399 000	7 250 350 000	−2 970 745 000
Tax	104 679 000	25 664 000	−3 517 000	158 549 000
Net Income	−1 117 803 000	−1 136 063 000	7 253 867 000	−3 129 294 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	21 669 232 000	21 052 573 000	22 227 003 000	27 003 062 000
Total Current Assets	4 349 897 000	3 885 107 000	3 841 974 000	2 830 046 000
Total Assets	26 019 129 000	24 937 680 000	26 068 977 000	29 833 108 000
Total Retained Equity	1 495 429 000	2 830 946 000	3 992 630 000	−8 438 202 000
Total Equity	1 753 125 000	3 083 482 000	4 243 075 000	−3 835 420 000
Total Long-Term Debt	20 236 177 000	17 849 803 000	17 180 904 000	4 574 439 000
Total Current Debt	4 029 828 000	4 004 397 000	4 644 996 000	29 094 089 000
Total Equity and Debt	26 019 130 000	24 937 682 000	26 068 975 000	29 833 108 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	6 295 321 000	5 128 173 000	4 844 027 000	5 016 387 000
Other Income	204 810 000	289 327 000	181 603 000	228 494 000
Revenue	6 500 131 000	5 417 500 000	5 025 630 000	5 244 881 000
Cost of Goods Sold	457 474 000	0	0	0
Salary Costs	2 288 609 000	2 044 482 000	2 025 250 000	2 096 165 000
Depreciation	1 336 949 000	1 363 881 000	1 387 241 000	1 478 519 000
Impairment	−555 958 000	45 049 000	1 895 040 000	1 031 902 000
Expenditure	5 200 766 000	5 424 660 000	7 252 056 000	6 481 466 000
Operating Profit	1 299 365 000	−7 160 000	−2 226 426 000	−1 236 585 000
Financial Income	59 987 000	183 808 000	12 393 520 000	112 402 000
Financial Costs	2 372 476 000	1 287 047 000	2 916 744 000	1 846 562 000
Financial Balance	−2 312 489 000	−1 103 239 000	9 476 776 000	−1 734 160 000
Dividends	0	0	0	0
Net Income	−1 117 803 000	−1 136 063 000	7 253 867 000	−3 129 294 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	7 499 000	69 961 000
Total Intangible Assets	4 351 000	14 497 000	13 080 000	69 961 000
Real Eastate	0	0	0	0
Machinery and Plant Facilities	0	0	0	0
Fixtures	28 382 000	26 309 000	33 265 000	111 144 000
Total Tangible Assets	21 389 967 000	20 838 713 000	21 993 744 000	26 373 543 000
Total Fiancial Fixed Assets	274 914 000	199 363 000	220 179 000	559 558 000
Total Fixed Assets	21 669 232 000	21 052 573 000	22 227 003 000	27 003 062 000
Stock	228 197 000	173 041 000	165 330 000	177 226 000
Total Investments	21 000 000	15 200 000	11 100 000	8 215 000
Cash, Bank	2 170 072 000	2 459 027 000	2 411 905 000	1 134 028 000
Total Current Assets	4 349 897 000	3 885 107 000	3 841 974 000	2 830 046 000
Total Assets	26 019 129 000	24 937 680 000	26 068 977 000	29 833 108 000
Total Equity	1 753 125 000	3 083 482 000	4 243 075 000	−3 835 420 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	20 236 177 000	17 849 803 000	17 180 904 000	4 574 439 000
Creditors	694 564 000	552 077 000	532 405 000	339 227 000
Unpaid Taxes	0	0	0	0
Dividends	0	0	0	0
Other Current Debt	3 106 855 000	3 275 553 000	3 944 575 000	28 567 666 000
Total Current Debt	4 029 828 000	4 004 397 000	4 644 996 000	29 094 089 000
Total Equity and Debt	26 019 130 000	24 937 682 000	26 068 975 000	29 833 108 000

Financial indicators	2022	2021	2020	2019
Return on Equity	−63,76 %	−36,84 %	170,96 %	81,59 %
Debt-to-Equity Ratio	11,54	5,79	4,05	−1,19
Operating Profit Margin	19,99 %	−0,13 %	−44,3 %	−23,58 %
Current Ratio	1,08	0,97	0,83	0,1
Quick Ratio	1,14	1,01	0,86	0,1
Equity Ratio	0,07	0,12	0,16	−0,13
Gross Profit Margin	92,96 %	100 %	100 %	100 %