STIFTELSEN OFFSHORE NORTHERN SEAS

4005 STAVANGER

Finances

Return on Equity

−24,15 %

Current Ratio

0,96

Debt-to-Equity Ratio

0,03

Key figures (NOK)	2022	2021	2020	2019
Revenue	124 931 000	475 000	31 078 000	0
Net Income	−3 964 000	749 000	−25 445 000	890 000
Total Assets	37 853 000	87 361 000	79 924 000	95 661 000
Total Equity	16 415 000	20 378 000	19 629 000	45 074 000

Income (NOK)	2022	2021	2020	2019
Revenue	124 931 000	475 000	31 078 000	0
Expenditure	132 073 000	1 306 000	58 456 000	1 842 000
Operating Profit	−7 142 000	−831 000	−27 378 000	−1 842 000
Financial Income	2 047 000	1 663 000	1 216 000	2 765 000
Financial Costs	−833 000	52 000	284 000	175 000
Financial Balance	2 880 000	1 611 000	932 000	2 590 000
Earnings Before Tax	−4 263 000	780 000	−26 446 000	748 000
Tax	−299 000	31 000	−1 001 000	−142 000
Net Income	−3 964 000	749 000	−25 445 000	890 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	17 796 000	24 510 000	26 426 000	33 023 000
Total Current Assets	20 057 000	62 851 000	53 498 000	62 638 000
Total Assets	37 853 000	87 361 000	79 924 000	95 661 000
Total Retained Equity	16 015 000	19 978 000	19 229 000	44 674 000
Total Equity	16 415 000	20 378 000	19 629 000	45 074 000
Total Long-Term Debt	541 000	239 000	145 000	0
Total Current Debt	20 897 000	66 744 000	60 149 000	50 587 000
Total Equity and Debt	37 853 000	87 361 000	79 924 000	95 661 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	124 931 000	475 000	10 078 000	0
Other Income	0	0	21 000 000	0
Revenue	124 931 000	475 000	31 078 000	0
Cost of Goods Sold	0	0	0	0
Salary Costs	34 408 000	1 262 000	28 372 000	1 065 000
Depreciation	69 000	0	98 000	0
Impairment	0	0	0	0
Expenditure	132 073 000	1 306 000	58 456 000	1 842 000
Operating Profit	−7 142 000	−831 000	−27 378 000	−1 842 000
Financial Income	2 047 000	1 663 000	1 216 000	2 765 000
Financial Costs	−833 000	52 000	284 000	175 000
Financial Balance	2 880 000	1 611 000	932 000	2 590 000
Dividends	0	0	0	0
Net Income	−3 964 000	749 000	−25 445 000	890 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	1 394 000	1 394 000	1 394 000	1 394 000
Real Eastate	0	0	349 000	0
Machinery and Plant Facilities	0	0	0	0
Fixtures	450 000	447 000	44 000	425 000
Total Tangible Assets	450 000	447 000	393 000	425 000
Total Fiancial Fixed Assets	15 951 000	22 668 000	24 639 000	31 204 000
Total Fixed Assets	17 796 000	24 510 000	26 426 000	33 023 000
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	6 505 000	26 664 000	39 097 000	25 419 000
Total Current Assets	20 057 000	62 851 000	53 498 000	62 638 000
Total Assets	37 853 000	87 361 000	79 924 000	95 661 000
Total Equity	16 415 000	20 378 000	19 629 000	45 074 000
Short-Term Group Debt	7 554 000	62 260 000	0	0
Total Long-Term Debt	541 000	239 000	145 000	0
Creditors	1 291 000	535 000	118 000	2 951 000
Unpaid Taxes	1 435 000	1 384 000	1 411 000	1 380 000
Dividends	0	0	0	0
Other Current Debt	10 576 000	2 196 000	59 309 000	45 888 000
Total Current Debt	20 897 000	66 744 000	60 149 000	50 587 000
Total Equity and Debt	37 853 000	87 361 000	79 924 000	95 661 000

Financial indicators	2022	2021	2020	2019
Return on Equity	−24,15 %	3,68 %	−129,63 %	1,97 %
Debt-to-Equity Ratio	0,03	0,01	0,01	0
Operating Profit Margin	−5,72 %	−174,95 %	−88,09 %	-
Current Ratio	0,96	0,94	0,89	1,24
Quick Ratio	0,96	0,94	0,89	1,24
Equity Ratio	0,43	0,23	0,25	0,47
Gross Profit Margin	100 %	100 %	100 %	-