ISLAND OFFSHORE MANAGEMENT AS

6065 ULSTEINVIK

Finances

Return on Equity

3,65 %

Current Ratio

0,95

Debt-to-Equity Ratio

0,05

Key figures (NOK)	2022	2021	2020	2019
Revenue	818 157 000	767 383 000	769 553 000	822 638 000
Net Income	24 028 000	364 350 000	−6 303 000	33 515 000
Total Assets	1 082 403 000	1 020 075 000	613 707 000	685 160 000
Total Equity	658 739 000	634 589 000	270 347 000	276 588 000

Income (NOK)	2022	2021	2020	2019
Revenue	818 157 000	767 383 000	769 553 000	822 638 000
Expenditure	818 621 000	768 097 000	770 696 000	822 181 000
Operating Profit	−464 000	−713 000	−1 143 000	456 000
Financial Income	66 510 000	392 472 000	33 815 000	40 062 000
Financial Costs	34 835 000	18 680 000	45 086 000	5 626 000
Financial Balance	31 675 000	373 792 000	−11 271 000	34 436 000
Earnings Before Tax	31 211 000	373 079 000	−12 413 000	34 893 000
Tax	7 183 000	8 729 000	−6 110 000	1 378 000
Net Income	24 028 000	364 350 000	−6 303 000	33 515 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	707 359 000	627 622 000	289 025 000	299 323 000
Total Current Assets	375 044 000	392 453 000	324 682 000	385 836 000
Total Assets	1 082 403 000	1 020 075 000	613 707 000	685 160 000
Total Retained Equity	658 639 000	634 489 000	269 949 000	276 488 000
Total Equity	658 739 000	634 589 000	270 347 000	276 588 000
Total Long-Term Debt	30 120 000	0	0	0
Total Current Debt	393 544 000	385 486 000	343 360 000	408 572 000
Total Equity and Debt	1 082 403 000	1 020 075 000	613 707 000	685 160 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	816 737 000	767 167 000	769 048 000	821 587 000
Other Income	1 420 000	216 000	505 000	1 051 000
Revenue	818 157 000	767 383 000	769 553 000	822 638 000
Cost of Goods Sold	22 000	22 000	0	0
Salary Costs	804 868 000	758 409 000	761 667 000	793 329 000
Depreciation	657 000	426 000	465 000	233 000
Impairment	0	0	0	0
Expenditure	818 621 000	768 097 000	770 696 000	822 181 000
Operating Profit	−464 000	−713 000	−1 143 000	456 000
Financial Income	66 510 000	392 472 000	33 815 000	40 062 000
Financial Costs	34 835 000	18 680 000	45 086 000	5 626 000
Financial Balance	31 675 000	373 792 000	−11 271 000	34 436 000
Dividends	0	0	0	0
Net Income	24 028 000	364 350 000	−6 303 000	33 515 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	5 384 000	7 902 000	16 410 000	10 247 000
Real Eastate	0	0	0	0
Machinery and Plant Facilities	29 750 000	0	0	0
Fixtures	549 000	755 000	1 016 000	842 000
Total Tangible Assets	30 299 000	755 000	1 016 000	842 000
Total Fiancial Fixed Assets	671 675 000	618 966 000	271 599 000	288 234 000
Total Fixed Assets	707 359 000	627 622 000	289 025 000	299 323 000
Stock	36 652 000	36 674 000	36 804 000	9 961 000
Total Investments	0	0	0	0
Cash, Bank	38 418 000	63 647 000	66 761 000	76 362 000
Total Current Assets	375 044 000	392 453 000	324 682 000	385 836 000
Total Assets	1 082 403 000	1 020 075 000	613 707 000	685 160 000
Total Equity	658 739 000	634 589 000	270 347 000	276 588 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	30 120 000	0	0	0
Creditors	149 434 000	168 496 000	112 015 000	158 856 000
Unpaid Taxes	66 920 000	71 385 000	68 266 000	60 312 000
Dividends	0	0	0	0
Other Current Debt	172 766 000	145 526 000	163 079 000	189 404 000
Total Current Debt	393 544 000	385 486 000	343 360 000	408 572 000
Total Equity and Debt	1 082 403 000	1 020 075 000	613 707 000	685 160 000

Financial indicators	2022	2021	2020	2019
Return on Equity	3,65 %	57,42 %	−2,33 %	12,12 %
Debt-to-Equity Ratio	0,05	0	0	0
Operating Profit Margin	−0,06 %	−0,09 %	−0,15 %	0,06 %
Current Ratio	0,95	1,02	0,95	0,94
Quick Ratio	1,05	1,13	1,06	0,97
Equity Ratio	0,61	0,62	0,44	0,4
Gross Profit Margin	100 %	100 %	100 %	100 %