ISLAND OFFSHORE III KS

6065 ULSTEINVIK

Finances

Share Ownership

Return on Equity

−3,71 %

Current Ratio

1,04

Debt-to-Equity Ratio

0,45

Key figures (NOK)	2022	2021	2020	2019
Revenue	172 367 000	173 800 000	139 958 000	169 179 000
Net Income	−15 081 000	−6 224 000	−96 070 000	5 914 000
Total Assets	641 660 000	677 066 000	704 974 000	807 816 000
Total Equity	406 227 000	357 627 000	363 851 000	459 921 000

Income (NOK)	2022	2021	2020	2019
Revenue	172 367 000	173 800 000	139 958 000	169 179 000
Expenditure	175 519 000	163 985 000	222 840 000	146 221 000
Operating Profit	−3 151 000	9 814 000	−82 881 000	22 957 000
Financial Income	2 229 000	171 000	2 384 000	3 452 000
Financial Costs	14 160 000	16 208 000	15 285 000	19 956 000
Financial Balance	−11 931 000	−16 037 000	−12 901 000	−16 504 000
Earnings Before Tax	−15 081 000	−6 224 000	−95 782 000	6 453 000
Tax	0	0	288 000	538 000
Net Income	−15 081 000	−6 224 000	−96 070 000	5 914 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	584 871 000	595 103 000	624 000 000	735 378 000
Total Current Assets	56 789 000	81 964 000	80 974 000	72 438 000
Total Assets	641 660 000	677 066 000	704 974 000	807 816 000
Total Retained Equity	344 527 000	110 627 000	116 851 000	212 921 000
Total Equity	406 227 000	357 627 000	363 851 000	459 921 000
Total Long-Term Debt	180 785 000	265 325 000	11 176 000	327 294 000
Total Current Debt	54 648 000	54 114 000	329 947 000	20 601 000
Total Equity and Debt	641 660 000	677 066 000	704 974 000	807 816 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	172 367 000	173 800 000	139 958 000	169 179 000
Other Income	0	0	0	0
Revenue	172 367 000	173 800 000	139 958 000	169 179 000
Cost of Goods Sold	39 836 000	30 210 000	41 861 000	34 459 000
Salary Costs	97 234 000	98 079 000	80 628 000	76 974 000
Depreciation	32 710 000	31 653 000	30 957 000	30 914 000
Impairment	0	0	65 546 000	0
Expenditure	175 519 000	163 985 000	222 840 000	146 221 000
Operating Profit	−3 151 000	9 814 000	−82 881 000	22 957 000
Financial Income	2 229 000	171 000	2 384 000	3 452 000
Financial Costs	14 160 000	16 208 000	15 285 000	19 956 000
Financial Balance	−11 931 000	−16 037 000	−12 901 000	−16 504 000
Dividends	0	0	0	0
Net Income	−15 081 000	−6 224 000	−96 070 000	5 914 000

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	584 871 000	595 103 000	624 000 000	714 378 000
Fixtures	0	0	0	0
Total Tangible Assets	584 871 000	595 103 000	624 000 000	714 378 000
Total Fiancial Fixed Assets	0	0	0	21 000 000
Total Fixed Assets	584 871 000	595 103 000	624 000 000	735 378 000
Stock	523 000	551 000	4 118 000	2 927 000
Total Investments	0	0	0	0
Cash, Bank	7 273 000	26 862 000	11 384 000	37 979 000
Total Current Assets	56 789 000	81 964 000	80 974 000	72 438 000
Total Assets	641 660 000	677 066 000	704 974 000	807 816 000
Total Equity	406 227 000	357 627 000	363 851 000	459 921 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	180 785 000	265 325 000	11 176 000	327 294 000
Creditors	64 000	49 145 000	5 831 000	2 979 000
Unpaid Taxes	0	0	0	0
Dividends	0	0	0	0
Other Current Debt	54 584 000	4 969 000	38 465 000	17 622 000
Total Current Debt	54 648 000	54 114 000	329 947 000	20 601 000
Total Equity and Debt	641 660 000	677 066 000	704 974 000	807 816 000

Financial indicators	2022	2021	2020	2019
Return on Equity	−3,71 %	−1,74 %	−26,4 %	1,29 %
Debt-to-Equity Ratio	0,45	0,74	0,03	0,71
Operating Profit Margin	−1,83 %	5,65 %	−59,22 %	13,57 %
Current Ratio	1,04	1,51	0,25	3,52
Quick Ratio	1,05	1,53	0,25	4,1
Equity Ratio	0,63	0,53	0,52	0,57
Gross Profit Margin	76,89 %	82,62 %	70,09 %	79,63 %