SHEARWATER GEOSERVICES ASSETS V AS

5160 LAKSEVÅG

Finances

Share Ownership

Return on Equity

12,82 %

Current Ratio

0,51

Debt-to-Equity Ratio

Key figures (USD)	2022	2021	2020	2019
Revenue	297 949 000	202 219 000	250 352 000	132 661 000
Net Income	42 892 000	−13 018 000	30 844 000	32 727 000
Total Assets	637 375 000	578 402 000	574 529 000	555 952 000
Total Equity	334 527 000	545 254 000	558 272 000	527 428 000

Income (USD)	2022	2021	2020	2019
Revenue	297 949 000	202 219 000	250 352 000	132 661 000
Expenditure	255 583 000	219 825 000	221 044 000	100 184 000
Operating Profit	42 366 000	−17 606 000	29 308 000	32 477 000
Financial Income	900 000	6 210 000	1 890 000	1 269 000
Financial Costs	49 000	8 000	73 000	270 000
Financial Balance	851 000	6 202 000	1 817 000	999 000
Earnings Before Tax	43 217 000	−11 405 000	31 125 000	33 476 000
Tax	325 000	1 613 000	281 000	749 000
Net Income	42 892 000	−13 018 000	30 844 000	32 727 000

Balance (USD)	2022	2021	2020	2019
Total Fixed Assets	483 214 000	505 906 000	420 390 000	451 194 000
Total Current Assets	154 161 000	72 496 000	154 139 000	104 758 000
Total Assets	637 375 000	578 402 000	574 529 000	555 952 000
Total Retained Equity	0	−49 248 000	−36 230 000	−67 075 000
Total Equity	334 527 000	545 254 000	558 272 000	527 428 000
Total Long-Term Debt	78 000	110 000	141 000	172 000
Total Current Debt	302 769 000	33 038 000	16 116 000	28 353 000
Total Equity and Debt	637 375 000	578 402 000	574 529 000	555 952 000

Cash flow (USD)	2022	2021	2020	2019
Sales Income	297 949 000	202 219 000	250 352 000	130 661 000
Other Income	0	0	0	2 000 000
Revenue	297 949 000	202 219 000	250 352 000	132 661 000
Cost of Goods Sold	0	0	0	0
Salary Costs	0	0	0	0
Depreciation	41 785 000	39 342 000	33 440 000	33 450 000
Impairment	0	12 439 000	4 420 000	0
Expenditure	255 583 000	219 825 000	221 044 000	100 184 000
Operating Profit	42 366 000	−17 606 000	29 308 000	32 477 000
Financial Income	900 000	6 210 000	1 890 000	1 269 000
Financial Costs	49 000	8 000	73 000	270 000
Financial Balance	851 000	6 202 000	1 817 000	999 000
Dividends	253 619 000	0	0	0
Net Income	42 892 000	−13 018 000	30 844 000	32 727 000

Balance details (USD)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	0	0	0	0
Real Eastate	0	0	0	0
Machinery and Plant Facilities	20 771 000	26 203 000	0	0
Fixtures	0	0	0	0
Total Tangible Assets	483 186 000	505 906 000	420 354 000	449 591 000
Total Fiancial Fixed Assets	28 000	0	36 000	1 603 000
Total Fixed Assets	483 214 000	505 906 000	420 390 000	451 194 000
Stock	2 160 000	2 161 000	2 520 000	4 712 000
Total Investments	0	0	0	0
Cash, Bank	0	341 000	19 336 000	17 279 000
Total Current Assets	154 161 000	72 496 000	154 139 000	104 758 000
Total Assets	637 375 000	578 402 000	574 529 000	555 952 000
Total Equity	334 527 000	545 254 000	558 272 000	527 428 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	78 000	110 000	141 000	172 000
Creditors	9 940 000	3 777 000	4 085 000	1 711 000
Unpaid Taxes	0	0	0	0
Dividends	253 619 000	0	0	0
Other Current Debt	292 485 000	27 617 000	11 719 000	25 848 000
Total Current Debt	302 769 000	33 038 000	16 116 000	28 353 000
Total Equity and Debt	637 375 000	578 402 000	574 529 000	555 952 000

Financial indicators	2022	2021	2020	2019
Return on Equity	12,82 %	−2,39 %	5,52 %	6,21 %
Debt-to-Equity Ratio	0	0	0	0
Operating Profit Margin	14,22 %	−8,71 %	11,71 %	24,48 %
Current Ratio	0,51	2,19	9,56	3,69
Quick Ratio	0,51	2,35	11,34	4,43
Equity Ratio	0,52	0,94	0,97	0,95
Gross Profit Margin	100 %	100 %	100 %	100 %