ODFJELL WELL SERVICES NORWAY AS

4056 TANANGER

Finances

Share Ownership

Return on Equity

63,95 %

Current Ratio

1,02

Debt-to-Equity Ratio

0,23

Key figures (NOK)	2022	2021	2020	2019
Revenue	710 921 000	553 379 000	581 848 000	456 461 000
Net Income	16 591 000	12 458 000	30 587 000	27 791 000
Total Assets	203 956 000	181 330 000	190 899 000	487 532 000
Total Equity	25 944 000	25 138 000	12 680 000	350 367 000

Income (NOK)	2022	2021	2020	2019
Revenue	710 921 000	553 379 000	581 848 000	456 461 000
Expenditure	687 478 000	535 994 000	541 038 000	425 018 000
Operating Profit	23 443 000	17 385 000	40 809 000	31 444 000
Financial Income	358 000	445 000	8 332 000	4 618 000
Financial Costs	2 380 000	1 456 000	9 524 000	30 000
Financial Balance	−2 022 000	−1 011 000	−1 192 000	4 588 000
Earnings Before Tax	21 422 000	16 374 000	39 618 000	36 032 000
Tax	4 831 000	3 916 000	9 031 000	8 241 000
Net Income	16 591 000	12 458 000	30 587 000	27 791 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	18 802 000	16 550 000	13 457 000	16 069 000
Total Current Assets	185 154 000	164 780 000	177 443 000	471 464 000
Total Assets	203 956 000	181 330 000	190 899 000	487 532 000
Total Retained Equity	13 264 000	12 458 000	0	117 437 000
Total Equity	25 944 000	25 138 000	12 680 000	350 367 000
Total Long-Term Debt	5 861 000	5 758 000	5 594 000	4 922 000
Total Current Debt	181 261 000	150 434 000	172 625 000	132 243 000
Total Equity and Debt	213 067 000	181 330 000	190 899 000	487 532 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	709 328 000	553 376 000	581 574 000	455 326 000
Other Income	1 593 000	3 000	274 000	1 135 000
Revenue	710 921 000	553 379 000	581 848 000	456 461 000
Cost of Goods Sold	0	0	0	0
Salary Costs	226 217 000	224 809 000	203 261 000	191 839 000
Depreciation	1 778 000	3 280 000	3 365 000	3 228 000
Impairment	0	0	0	0
Expenditure	687 478 000	535 994 000	541 038 000	425 018 000
Operating Profit	23 443 000	17 385 000	40 809 000	31 444 000
Financial Income	358 000	445 000	8 332 000	4 618 000
Financial Costs	2 380 000	1 456 000	9 524 000	30 000
Financial Balance	−2 022 000	−1 011 000	−1 192 000	4 588 000
Dividends	0	0	0	0
Net Income	16 591 000	12 458 000	30 587 000	27 791 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	217 000	725 000	2 151 000	3 578 000
Total Intangible Assets	2 512 000	3 399 000	5 325 000	6 397 000
Real Eastate	4 369 000	616 000	616 000	616 000
Machinery and Plant Facilities	0	12 535 000	7 517 000	9 056 000
Fixtures	11 921 000	0	0	0
Total Tangible Assets	16 290 000	13 151 000	8 132 000	9 671 000
Total Fiancial Fixed Assets	0	0	0	0
Total Fixed Assets	18 802 000	16 550 000	13 457 000	16 069 000
Stock	0	1 323 000	1 323 000	1 357 000
Total Investments	0	0	0	0
Cash, Bank	10 626 000	6 109 000	6 129 000	5 670 000
Total Current Assets	185 154 000	164 780 000	177 443 000	471 464 000
Total Assets	203 956 000	181 330 000	190 899 000	487 532 000
Total Equity	25 944 000	25 138 000	12 680 000	350 367 000
Short-Term Group Debt	0	49 305 000	0	0
Total Long-Term Debt	5 861 000	5 758 000	5 594 000	4 922 000
Creditors	35 172 000	30 733 000	27 049 000	22 578 000
Unpaid Taxes	10 465 000	51 942 000	10 964 000	10 285 000
Dividends	0	0	0	0
Other Current Debt	135 624 000	18 454 000	134 612 000	99 380 000
Total Current Debt	181 261 000	150 434 000	172 625 000	132 243 000
Total Equity and Debt	213 067 000	181 330 000	190 899 000	487 532 000

Financial indicators	2022	2021	2020	2019
Return on Equity	63,95 %	49,56 %	241,22 %	7,93 %
Debt-to-Equity Ratio	0,23	0,23	0,44	0,01
Operating Profit Margin	3,3 %	3,14 %	7,01 %	6,89 %
Current Ratio	1,02	1,1	1,03	3,57
Quick Ratio	1,02	1,11	1,04	3,6
Equity Ratio	0,13	0,14	0,07	0,72
Gross Profit Margin	100 %	100 %	100 %	100 %