SKANDINAVISK OLJESIKKERHET AS

1454 FAGERSTRAND

Finances

Share Ownership

Return on Equity

−54,5 %

Current Ratio

1,06

Debt-to-Equity Ratio

0,14

Key figures (NOK)	2022	2021	2020	2019
Revenue	22 611 000	18 344 000	18 082 000	24 204 000
Net Income	−1 114 000	240 000	−335 000	1 283 000
Total Assets	10 279 000	9 106 000	5 989 000	5 954 000
Total Equity	2 044 000	3 157 000	2 918 000	3 148 000

Income (NOK)	2022	2021	2020	2019
Revenue	22 611 000	18 344 000	18 082 000	24 204 000
Expenditure	24 005 000	18 044 000	18 408 000	22 521 000
Operating Profit	−1 395 000	300 000	−325 000	1 684 000
Financial Income	2 000	0	1 000	1 000
Financial Costs	25 000	20 000	32 000	39 000
Financial Balance	−23 000	−20 000	−31 000	−38 000
Earnings Before Tax	−1 418 000	280 000	−356 000	1 645 000
Tax	−305 000	40 000	−21 000	362 000
Net Income	−1 114 000	240 000	−335 000	1 283 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	1 825 000	1 163 000	1 223 000	1 156 000
Total Current Assets	8 454 000	7 942 000	4 766 000	4 798 000
Total Assets	10 279 000	9 106 000	5 989 000	5 954 000
Total Retained Equity	1 942 000	3 055 000	2 816 000	3 046 000
Total Equity	2 044 000	3 157 000	2 918 000	3 148 000
Total Long-Term Debt	286 000	23 000	80 000	136 000
Total Current Debt	7 949 000	5 925 000	2 991 000	2 670 000
Total Equity and Debt	10 279 000	9 106 000	5 989 000	5 954 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	22 604 000	18 344 000	18 082 000	24 164 000
Other Income	7 000	0	0	40 000
Revenue	22 611 000	18 344 000	18 082 000	24 204 000
Cost of Goods Sold	13 275 000	8 588 000	8 963 000	13 409 000
Salary Costs	3 377 000	4 358 000	4 632 000	4 242 000
Depreciation	137 000	59 000	64 000	48 000
Impairment	0	0	0	0
Expenditure	24 005 000	18 044 000	18 408 000	22 521 000
Operating Profit	−1 395 000	300 000	−325 000	1 684 000
Financial Income	2 000	0	1 000	1 000
Financial Costs	25 000	20 000	32 000	39 000
Financial Balance	−23 000	−20 000	−31 000	−38 000
Dividends	0	0	0	0
Net Income	−1 114 000	240 000	−335 000	1 283 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	374 000	68 000	69 000	48 000
Real Eastate	972 000	972 000	977 000	983 000
Machinery and Plant Facilities	84 000	123 000	177 000	125 000
Fixtures	394 000	0	0	0
Total Tangible Assets	1 451 000	1 095 000	1 154 000	1 108 000
Total Fiancial Fixed Assets	0	0	0	0
Total Fixed Assets	1 825 000	1 163 000	1 223 000	1 156 000
Stock	8 000	44 000	154 000	10 000
Total Investments	0	0	0	0
Cash, Bank	1 247 000	3 205 000	891 000	2 892 000
Total Current Assets	8 454 000	7 942 000	4 766 000	4 798 000
Total Assets	10 279 000	9 106 000	5 989 000	5 954 000
Total Equity	2 044 000	3 157 000	2 918 000	3 148 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	286 000	23 000	80 000	136 000
Creditors	2 096 000	2 318 000	941 000	1 247 000
Unpaid Taxes	1 183 000	717 000	754 000	595 000
Dividends	0	0	0	0
Other Current Debt	4 670 000	2 875 000	1 296 000	436 000
Total Current Debt	7 949 000	5 925 000	2 991 000	2 670 000
Total Equity and Debt	10 279 000	9 106 000	5 989 000	5 954 000

Financial indicators	2022	2021	2020	2019
Return on Equity	−54,5 %	7,6 %	−11,48 %	40,76 %
Debt-to-Equity Ratio	0,14	0,01	0,03	0,04
Operating Profit Margin	−6,17 %	1,64 %	−1,8 %	6,96 %
Current Ratio	1,06	1,34	1,59	1,8
Quick Ratio	1,06	1,35	1,68	1,8
Equity Ratio	0,2	0,35	0,49	0,53
Gross Profit Margin	41,29 %	53,18 %	50,43 %	44,6 %