PALMARK OFFSHORE AS

4005 STAVANGER

Finances

Share Ownership

Return on Equity

7,87 %

Current Ratio

1,94

Debt-to-Equity Ratio

1,47

Key figures (NOK)	2022	2021	2020	2019
Revenue	5 455 000	5 378 000	6 470 000	6 047 000
Net Income	1 339 000	1 594 000	715 000	974 000
Total Assets	42 805 000	43 980 000	43 763 000	45 939 000
Total Equity	17 010 000	15 814 000	15 770 000	15 255 000

Income (NOK)	2022	2021	2020	2019
Revenue	5 455 000	5 378 000	6 470 000	6 047 000
Expenditure	2 659 000	2 688 000	4 456 000	3 690 000
Operating Profit	2 796 000	2 690 000	2 014 000	2 357 000
Financial Income	2 000	0	3 000	3 000
Financial Costs	1 082 000	672 000	870 000	1 107 000
Financial Balance	−1 080 000	−672 000	−867 000	−1 104 000
Earnings Before Tax	1 715 000	2 018 000	1 147 000	1 253 000
Tax	376 000	425 000	432 000	278 000
Net Income	1 339 000	1 594 000	715 000	974 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	41 399 000	40 800 000	39 995 000	44 770 000
Total Current Assets	1 406 000	3 181 000	3 768 000	1 169 000
Total Assets	42 805 000	43 980 000	43 763 000	45 939 000
Total Retained Equity	16 910 000	15 714 000	15 670 000	15 155 000
Total Equity	17 010 000	15 814 000	15 770 000	15 255 000
Total Long-Term Debt	25 072 000	27 466 000	27 159 000	29 457 000
Total Current Debt	723 000	701 000	834 000	1 226 000
Total Equity and Debt	42 805 000	43 980 000	43 763 000	45 939 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	3 114 000	3 144 000	4 017 000	3 721 000
Other Income	2 341 000	2 234 000	2 454 000	2 325 000
Revenue	5 455 000	5 378 000	6 470 000	6 047 000
Cost of Goods Sold	8 000	4 000	0	0
Salary Costs	928 000	921 000	1 235 000	1 799 000
Depreciation	62 000	59 000	49 000	15 000
Impairment	0	0	0	0
Expenditure	2 659 000	2 688 000	4 456 000	3 690 000
Operating Profit	2 796 000	2 690 000	2 014 000	2 357 000
Financial Income	2 000	0	3 000	3 000
Financial Costs	1 082 000	672 000	870 000	1 107 000
Financial Balance	−1 080 000	−672 000	−867 000	−1 104 000
Dividends	0	0	0	0
Net Income	1 339 000	1 594 000	715 000	974 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	0	0	0	0
Real Eastate	41 261 000	40 620 000	39 791 000	44 632 000
Machinery and Plant Facilities	0	0	0	0
Fixtures	138 000	180 000	204 000	137 000
Total Tangible Assets	41 399 000	40 800 000	39 995 000	44 770 000
Total Fiancial Fixed Assets	0	0	0	0
Total Fixed Assets	41 399 000	40 800 000	39 995 000	44 770 000
Stock	0	0	0	0
Total Investments	308 000	21 000	22 000	18 000
Cash, Bank	845 000	2 526 000	3 394 000	297 000
Total Current Assets	1 406 000	3 181 000	3 768 000	1 169 000
Total Assets	42 805 000	43 980 000	43 763 000	45 939 000
Total Equity	17 010 000	15 814 000	15 770 000	15 255 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	25 072 000	27 466 000	27 159 000	29 457 000
Creditors	0	16 000	11 000	19 000
Unpaid Taxes	213 000	120 000	237 000	419 000
Dividends	0	0	0	0
Other Current Debt	134 000	141 000	154 000	509 000
Total Current Debt	723 000	701 000	834 000	1 226 000
Total Equity and Debt	42 805 000	43 980 000	43 763 000	45 939 000

Financial indicators	2022	2021	2020	2019
Return on Equity	7,87 %	10,08 %	4,53 %	6,38 %
Debt-to-Equity Ratio	1,47	1,74	1,72	1,93
Operating Profit Margin	51,26 %	50,02 %	31,13 %	38,98 %
Current Ratio	1,94	4,54	4,52	0,95
Quick Ratio	1,94	4,54	4,52	0,95
Equity Ratio	0,4	0,36	0,36	0,33
Gross Profit Margin	99,85 %	99,93 %	100 %	100 %