NOV WELLBORE TECHNOLOGIES NORWAY LLC

4033 STAVANGER

Finances

Share Ownership

Return on Equity

19,02 %

Current Ratio

1,37

Debt-to-Equity Ratio

−3,67

Key figures (USD)	2022	2021	2020	2019
Revenue	598 527 000	487 864 000	536 579 000	539 981 000
Net Income	−22 402 000	−63 907 000	−72 475 000	−137 264 000
Total Assets	559 723 000	497 419 000	539 025 000	635 702 000
Total Equity	−117 807 000	−95 405 000	−352 009 000	−264 837 000

Income (USD)	2022	2021	2020	2019
Revenue	598 527 000	487 864 000	536 579 000	539 981 000
Expenditure	565 692 000	521 949 000	576 371 000	704 851 000
Operating Profit	32 835 000	−34 086 000	−39 791 000	−164 870 000
Financial Income	988 000	85 000	1 319 000	44 267 000
Financial Costs	56 225 000	29 907 000	34 004 000	16 660 000
Financial Balance	−55 237 000	−29 822 000	−32 685 000	27 607 000
Earnings Before Tax	−22 402 000	−63 907 000	−72 475 000	−137 264 000
Tax	0	0	0	0
Net Income	−22 402 000	−63 907 000	−72 475 000	−137 264 000

Balance (USD)	2022	2021	2020	2019
Total Fixed Assets	223 593 000	190 417 000	193 193 000	224 784 000
Total Current Assets	336 130 000	307 002 000	345 833 000	410 918 000
Total Assets	559 723 000	497 419 000	539 025 000	635 702 000
Total Retained Equity	−117 807 000	−95 405 000	−352 009 000	−264 837 000
Total Equity	−117 807 000	−95 405 000	−352 009 000	−264 837 000
Total Long-Term Debt	432 275 000	440 567 000	442 474 000	454 596 000
Total Current Debt	245 254 000	152 256 000	448 561 000	445 943 000
Total Equity and Debt	559 723 000	497 419 000	539 025 000	635 702 000

Cash flow (USD)	2022	2021	2020	2019
Sales Income	580 991 000	459 156 000	509 493 000	539 295 000
Other Income	17 536 000	28 708 000	27 086 000	686 000
Revenue	598 527 000	487 864 000	536 579 000	539 981 000
Cost of Goods Sold	341 017 000	329 973 000	384 960 000	490 182 000
Salary Costs	113 232 000	91 222 000	89 057 000	95 360 000
Depreciation	72 742 000	89 210 000	96 379 000	100 787 000
Impairment	0	0	0	346 000
Expenditure	565 692 000	521 949 000	576 371 000	704 851 000
Operating Profit	32 835 000	−34 086 000	−39 791 000	−164 870 000
Financial Income	988 000	85 000	1 319 000	44 267 000
Financial Costs	56 225 000	29 907 000	34 004 000	16 660 000
Financial Balance	−55 237 000	−29 822 000	−32 685 000	27 607 000
Dividends	0	0	0	0
Net Income	−22 402 000	−63 907 000	−72 475 000	−137 264 000

Balance details (USD)	2022	2021	2020	2019
Goodwill	14 906 000	0	0	0
Total Intangible Assets	14 906 000	0	0	0
Real Eastate	0	0	0	0
Machinery and Plant Facilities	0	190 417 000	0	0
Fixtures	208 687 000	0	193 193 000	224 784 000
Total Tangible Assets	208 687 000	190 417 000	193 193 000	224 784 000
Total Fiancial Fixed Assets	0	0	0	0
Total Fixed Assets	223 593 000	190 417 000	193 193 000	224 784 000
Stock	83 522 000	83 219 000	131 190 000	173 919 000
Total Investments	0	0	0	0
Cash, Bank	51 571 000	93 493 000	91 732 000	38 763 000
Total Current Assets	336 130 000	307 002 000	345 833 000	410 918 000
Total Assets	559 723 000	497 419 000	539 025 000	635 702 000
Total Equity	−117 807 000	−95 405 000	−352 009 000	−264 837 000
Short-Term Group Debt	0	88 253 000	0	0
Total Long-Term Debt	432 275 000	440 567 000	442 474 000	454 596 000
Creditors	19 398 000	4 044 000	376 346 000	409 521 000
Unpaid Taxes	8 582 000	4 763 000	12 214 000	11 932 000
Dividends	0	0	0	0
Other Current Debt	217 374 000	55 196 000	60 001 000	24 490 000
Total Current Debt	245 254 000	152 256 000	448 561 000	445 943 000
Total Equity and Debt	559 723 000	497 419 000	539 025 000	635 702 000

Financial indicators	2022	2021	2020	2019
Return on Equity	19,02 %	66,98 %	20,59 %	51,83 %
Debt-to-Equity Ratio	−3,67	−4,62	−1,26	−1,72
Operating Profit Margin	5,49 %	−6,99 %	−7,42 %	−30,53 %
Current Ratio	1,37	2,02	0,77	0,92
Quick Ratio	2,08	4,45	1,09	1,51
Equity Ratio	−0,21	−0,19	−0,65	−0,42
Gross Profit Margin	43,02 %	32,36 %	28,26 %	9,22 %