OFFSHORE FLOTATION AS

4025 STAVANGER

Finances

Return on Equity

−7,2 %

Current Ratio

51,95

Debt-to-Equity Ratio

Key figures (NOK)	2022	2021	2020	2019
Revenue	946 000	984 000	261 000	714 000
Net Income	−693 000	1 547 000	603 000	734 000
Total Assets	9 818 000	10 619 000	8 866 000	8 806 000
Total Equity	9 631 000	10 324 000	8 777 000	8 174 000

Income (NOK)	2022	2021	2020	2019
Revenue	946 000	984 000	261 000	714 000
Expenditure	1 223 000	429 000	178 000	380 000
Operating Profit	−275 000	555 000	83 000	333 000
Financial Income	371 000	1 338 000	753 000	1 509 000
Financial Costs	788 000	170 000	185 000	1 012 000
Financial Balance	−417 000	1 168 000	568 000	497 000
Earnings Before Tax	−693 000	1 723 000	651 000	830 000
Tax	0	176 000	48 000	95 000
Net Income	−693 000	1 547 000	603 000	734 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	104 000	140 000	177 000	609 000
Total Current Assets	9 714 000	10 479 000	8 689 000	8 197 000
Total Assets	9 818 000	10 619 000	8 866 000	8 806 000
Total Retained Equity	9 531 000	10 224 000	8 677 000	8 074 000
Total Equity	9 631 000	10 324 000	8 777 000	8 174 000
Total Long-Term Debt	0	0	0	0
Total Current Debt	187 000	295 000	89 000	632 000
Total Equity and Debt	9 818 000	10 619 000	8 866 000	8 806 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	557 000	960 000	261 000	714 000
Other Income	390 000	24 000	0	0
Revenue	946 000	984 000	261 000	714 000
Cost of Goods Sold	73 000	0	32 000	216 000
Salary Costs	920 000	231 000	7 000	4 000
Depreciation	37 000	37 000	17 000	0
Impairment	0	0	0	0
Expenditure	1 223 000	429 000	178 000	380 000
Operating Profit	−275 000	555 000	83 000	333 000
Financial Income	371 000	1 338 000	753 000	1 509 000
Financial Costs	788 000	170 000	185 000	1 012 000
Financial Balance	−417 000	1 168 000	568 000	497 000
Dividends	0	0	0	389 000
Net Income	−693 000	1 547 000	603 000	734 000

Balance details (NOK)	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	15 000	17 000	20 000	22 000
Fixtures	89 000	123 000	157 000	0
Total Tangible Assets	104 000	140 000	177 000	22 000
Total Fiancial Fixed Assets	0	0	0	587 000
Total Fixed Assets	104 000	140 000	177 000	609 000
Stock	0	0	0	0
Total Investments	6 308 000	6 845 000	6 660 000	6 967 000
Cash, Bank	2 873 000	3 303 000	1 906 000	1 079 000
Total Current Assets	9 714 000	10 479 000	8 689 000	8 197 000
Total Assets	9 818 000	10 619 000	8 866 000	8 806 000
Total Equity	9 631 000	10 324 000	8 777 000	8 174 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	0	0	0	0
Creditors	15 000	6 000	3 000	5 000
Unpaid Taxes	70 000	92 000	39 000	143 000
Dividends	0	0	0	389 000
Other Current Debt	101 000	21 000	0	0
Total Current Debt	187 000	295 000	89 000	632 000
Total Equity and Debt	9 818 000	10 619 000	8 866 000	8 806 000

Financial indicators	2022	2021	2020	2019
Return on Equity	−7,2 %	14,98 %	6,87 %	8,98 %
Debt-to-Equity Ratio	0	0	0	0
Operating Profit Margin	−29,07 %	56,4 %	31,8 %	46,64 %
Current Ratio	51,95	35,52	97,63	12,97
Quick Ratio	51,95	35,52	97,63	12,97
Equity Ratio	0,98	0,97	0,99	0,93
Gross Profit Margin	92,28 %	100 %	87,74 %	69,75 %