NORWEGIAN PIPELINE DRILLING AS

4033 STAVANGER

Finances

Return on Equity

15,33 %

Current Ratio

4,77

Debt-to-Equity Ratio

Key figures (NOK)	2022	2021	2020	2019
Revenue	22 211 000	19 692 000	12 253 000	10 548 000
Net Income	959 000	909 000	−1 440 000	1 339 000
Total Assets	7 737 000	10 718 000	7 573 000	19 993 000
Total Equity	6 254 000	5 295 000	4 387 000	5 826 000

Income (NOK)	2022	2021	2020	2019
Revenue	22 211 000	19 692 000	12 253 000	10 548 000
Expenditure	21 003 000	18 532 000	14 131 000	8 897 000
Operating Profit	1 208 000	1 161 000	−1 878 000	1 652 000
Financial Income	22 000	5 000	34 000	71 000
Financial Costs	0	0	1 000	5 000
Financial Balance	22 000	5 000	33 000	66 000
Earnings Before Tax	1 230 000	1 165 000	−1 845 000	1 718 000
Tax	271 000	257 000	−405 000	379 000
Net Income	959 000	909 000	−1 440 000	1 339 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	657 000	872 000	651 000	3 247 000
Total Current Assets	7 081 000	9 846 000	6 922 000	16 746 000
Total Assets	7 737 000	10 718 000	7 573 000	19 993 000
Total Retained Equity	4 642 000	3 684 000	2 775 000	4 215 000
Total Equity	6 254 000	5 295 000	4 387 000	5 826 000
Total Long-Term Debt	0	0	0	0
Total Current Debt	1 483 000	5 423 000	3 187 000	14 166 000
Total Equity and Debt	7 737 000	10 718 000	7 573 000	19 993 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	22 211 000	19 692 000	12 253 000	10 548 000
Other Income	0	0	0	0
Revenue	22 211 000	19 692 000	12 253 000	10 548 000
Cost of Goods Sold	0	0	0	0
Salary Costs	2 856 000	2 270 000	2 222 000	1 660 000
Depreciation	214 000	211 000	191 000	250 000
Impairment	0	0	0	0
Expenditure	21 003 000	18 532 000	14 131 000	8 897 000
Operating Profit	1 208 000	1 161 000	−1 878 000	1 652 000
Financial Income	22 000	5 000	34 000	71 000
Financial Costs	0	0	1 000	5 000
Financial Balance	22 000	5 000	33 000	66 000
Dividends	0	0	0	8 000 000
Net Income	959 000	909 000	−1 440 000	1 339 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	173 000	202 000	459 000	175 000
Real Eastate	0	0	0	0
Machinery and Plant Facilities	300 000	400 000	0	0
Fixtures	184 000	270 000	192 000	450 000
Total Tangible Assets	484 000	670 000	192 000	450 000
Total Fiancial Fixed Assets	0	0	0	2 622 000
Total Fixed Assets	657 000	872 000	651 000	3 247 000
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	3 819 000	3 405 000	1 601 000	13 506 000
Total Current Assets	7 081 000	9 846 000	6 922 000	16 746 000
Total Assets	7 737 000	10 718 000	7 573 000	19 993 000
Total Equity	6 254 000	5 295 000	4 387 000	5 826 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	0	0	0	0
Creditors	723 000	4 827 000	1 549 000	5 152 000
Unpaid Taxes	223 000	585 000	381 000	500 000
Dividends	0	0	0	8 000 000
Other Current Debt	296 000	11 000	1 257 000	17 000
Total Current Debt	1 483 000	5 423 000	3 187 000	14 166 000
Total Equity and Debt	7 737 000	10 718 000	7 573 000	19 993 000

Financial indicators	2022	2021	2020	2019
Return on Equity	15,33 %	17,17 %	−32,82 %	22,98 %
Debt-to-Equity Ratio	0	0	0	0
Operating Profit Margin	5,44 %	5,9 %	−15,33 %	15,66 %
Current Ratio	4,77	1,82	2,17	1,18
Quick Ratio	4,77	1,82	2,17	1,18
Equity Ratio	0,81	0,49	0,58	0,29
Gross Profit Margin	100 %	100 %	100 %	100 %