FRED.OLSEN MARINE SERVICES AS

0152 OSLO

Finances

Share Ownership

Return on Equity

15,01 %

Current Ratio

1,44

Debt-to-Equity Ratio

Key figures (NOK)	2022	2021	2020	2019
Revenue	15 590 000	19 475 000	3 095 000	0
Net Income	466 000	34 000	−8 000	77 000
Total Assets	8 310 000	12 488 000	11 622 000	9 513 000
Total Equity	3 104 000	2 638 000	9 505 000	9 513 000

Income (NOK)	2022	2021	2020	2019
Revenue	15 590 000	19 475 000	3 095 000	0
Expenditure	15 227 000	19 431 000	3 108 000	20 000
Operating Profit	363 000	45 000	−13 000	−20 000
Financial Income	237 000	0	4 000	120 000
Financial Costs	3 000	2 000	1 000	1 000
Financial Balance	234 000	−2 000	3 000	119 000
Earnings Before Tax	597 000	43 000	−11 000	99 000
Tax	131 000	10 000	−2 000	22 000
Net Income	466 000	34 000	−8 000	77 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	839 000	970 000	980 000	977 000
Total Current Assets	7 471 000	11 518 000	10 643 000	8 536 000
Total Assets	8 310 000	12 488 000	11 622 000	9 513 000
Total Retained Equity	604 000	138 000	7 005 000	7 013 000
Total Equity	3 104 000	2 638 000	9 505 000	9 513 000
Total Long-Term Debt	0	0	0	0
Total Current Debt	5 205 000	9 850 000	2 118 000	0
Total Equity and Debt	8 310 000	12 488 000	11 622 000	9 513 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	209 000	19 475 000	3 095 000	0
Other Income	15 381 000	0	0	0
Revenue	15 590 000	19 475 000	3 095 000	0
Cost of Goods Sold	0	0	0	0
Salary Costs	14 860 000	19 144 000	3 062 000	0
Depreciation	0	31 000	0	0
Impairment	0	0	0	0
Expenditure	15 227 000	19 431 000	3 108 000	20 000
Operating Profit	363 000	45 000	−13 000	−20 000
Financial Income	237 000	0	4 000	120 000
Financial Costs	3 000	2 000	1 000	1 000
Financial Balance	234 000	−2 000	3 000	119 000
Dividends	0	0	0	0
Net Income	466 000	34 000	−8 000	77 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	700 000	832 000	841 000	839 000
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	138 000	138 000	138 000	138 000
Total Fixed Assets	839 000	970 000	980 000	977 000
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	6 313 000	4 694 000	2 727 000	801 000
Total Current Assets	7 471 000	11 518 000	10 643 000	8 536 000
Total Assets	8 310 000	12 488 000	11 622 000	9 513 000
Total Equity	3 104 000	2 638 000	9 505 000	9 513 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	0	0	0	0
Creditors	105 000	40 000	0	0
Unpaid Taxes	817 000	1 284 000	1 095 000	0
Dividends	0	0	0	0
Other Current Debt	4 284 000	8 527 000	1 022 000	0
Total Current Debt	5 205 000	9 850 000	2 118 000	0
Total Equity and Debt	8 310 000	12 488 000	11 622 000	9 513 000

Financial indicators	2022	2021	2020	2019
Return on Equity	15,01 %	1,29 %	−0,08 %	0,81 %
Debt-to-Equity Ratio	0	0	0	0
Operating Profit Margin	2,33 %	0,23 %	−0,42 %	-
Current Ratio	1,44	1,17	5,03	-
Quick Ratio	1,44	1,17	5,03	-
Equity Ratio	0,37	0,21	0,82	1
Gross Profit Margin	100 %	100 %	100 %	-