ISLAND OFFSHORE SHIPPING AS

6065 ULSTEINVIK

Finances

Return on Equity

−5,47 %

Current Ratio

1,04

Debt-to-Equity Ratio

3,77

Key figures (NOK)	2022	2021	2020	2019
Revenue	81 499 000	259 828 000	94 069 000	4 034 000
Net Income	−907 000	3 747 000	7 312 000	2 756 000
Total Assets	93 798 000	224 978 000	112 249 000	89 082 000
Total Equity	16 573 000	23 684 000	18 820 000	9 645 000

Income (NOK)	2022	2021	2020	2019
Revenue	81 499 000	259 828 000	94 069 000	4 034 000
Expenditure	83 986 000	255 492 000	83 020 000	332 000
Operating Profit	−2 487 000	4 336 000	11 050 000	3 701 000
Financial Income	6 617 000	9 378 000	3 193 000	8 000
Financial Costs	5 255 000	8 872 000	4 847 000	170 000
Financial Balance	1 362 000	506 000	−1 654 000	−162 000
Earnings Before Tax	−1 125 000	4 842 000	9 396 000	3 540 000
Tax	−218 000	1 095 000	2 084 000	784 000
Net Income	−907 000	3 747 000	7 312 000	2 756 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	78 431 000	77 865 000	76 079 000	78 012 000
Total Current Assets	15 366 000	147 113 000	36 170 000	11 071 000
Total Assets	93 798 000	224 978 000	112 249 000	89 082 000
Total Retained Equity	0	6 639 000	6 776 000	0
Total Equity	16 573 000	23 684 000	18 820 000	9 645 000
Total Long-Term Debt	62 477 000	62 524 000	62 524 000	62 524 000
Total Current Debt	14 748 000	138 770 000	30 905 000	16 914 000
Total Equity and Debt	93 798 000	224 978 000	112 249 000	89 082 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	81 499 000	259 828 000	94 069 000	4 034 000
Other Income	0	0	0	0
Revenue	81 499 000	259 828 000	94 069 000	4 034 000
Cost of Goods Sold	0	0	0	0
Salary Costs	13 676 000	34 120 000	13 446 000	0
Depreciation	0	0	0	0
Impairment	0	0	0	0
Expenditure	83 986 000	255 492 000	83 020 000	332 000
Operating Profit	−2 487 000	4 336 000	11 050 000	3 701 000
Financial Income	6 617 000	9 378 000	3 193 000	8 000
Financial Costs	5 255 000	8 872 000	4 847 000	170 000
Financial Balance	1 362 000	506 000	−1 654 000	−162 000
Dividends	6 978 000	0	0	0
Net Income	−907 000	3 747 000	7 312 000	2 756 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	0	0	0	1 932 000
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	78 431 000	77 865 000	76 079 000	76 079 000
Total Fixed Assets	78 431 000	77 865 000	76 079 000	78 012 000
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	1 569 000	35 089 000	15 143 000	873 000
Total Current Assets	15 366 000	147 113 000	36 170 000	11 071 000
Total Assets	93 798 000	224 978 000	112 249 000	89 082 000
Total Equity	16 573 000	23 684 000	18 820 000	9 645 000
Short-Term Group Debt	0	5 014 000	2 435 000	12 247 000
Total Long-Term Debt	62 477 000	62 524 000	62 524 000	62 524 000
Creditors	7 337 000	103 852 000	19 443 000	72 000
Unpaid Taxes	28 000	0	0	0
Dividends	6 978 000	0	0	0
Other Current Debt	404 000	29 904 000	9 027 000	4 594 000
Total Current Debt	14 748 000	138 770 000	30 905 000	16 914 000
Total Equity and Debt	93 798 000	224 978 000	112 249 000	89 082 000

Financial indicators	2022	2021	2020	2019
Return on Equity	−5,47 %	15,82 %	38,85 %	28,57 %
Debt-to-Equity Ratio	3,77	2,64	3,32	6,48
Operating Profit Margin	−3,05 %	1,67 %	11,75 %	91,75 %
Current Ratio	1,04	1,06	1,17	0,65
Quick Ratio	1,04	1,06	1,17	0,65
Equity Ratio	0,18	0,11	0,17	0,11
Gross Profit Margin	100 %	100 %	100 %	100 %