ISLAND OFFSHORE VIII KS

6065 ULSTEINVIK

Finances

Share Ownership

Return on Equity

−8,55 %

Current Ratio

3,24

Debt-to-Equity Ratio

1,84

Key figures (NOK)	2022	2021	2020	2019
Revenue	370 332 000	384 404 000	319 169 000	318 120 000
Net Income	−43 724 000	65 691 000	−122 865 000	−108 372 000
Total Assets	1 487 045 000	1 547 719 000	1 639 521 000	1 773 478 000
Total Equity	511 341 000	555 065 000	489 374 000	612 239 000

Income (NOK)	2022	2021	2020	2019
Revenue	370 332 000	384 404 000	319 169 000	318 120 000
Expenditure	370 853 000	324 791 000	384 674 000	368 118 000
Operating Profit	−522 000	59 612 000	−65 505 000	−49 998 000
Financial Income	3 548 000	54 742 000	1 830 000	1 915 000
Financial Costs	46 750 000	48 664 000	59 190 000	60 289 000
Financial Balance	−43 202 000	6 078 000	−57 360 000	−58 374 000
Earnings Before Tax	−43 724 000	65 691 000	−122 865 000	−108 372 000
Tax	0	0	0	0
Net Income	−43 724 000	65 691 000	−122 865 000	−108 372 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	1 377 515 000	1 398 358 000	1 497 959 000	1 612 317 000
Total Current Assets	109 530 000	149 361 000	141 561 000	161 162 000
Total Assets	1 487 045 000	1 547 719 000	1 639 521 000	1 773 478 000
Total Retained Equity	−29 808 000	13 916 000	−51 775 000	71 090 000
Total Equity	511 341 000	555 065 000	489 374 000	612 239 000
Total Long-Term Debt	941 861 000	978 861 000	0	1 143 787 000
Total Current Debt	33 842 000	13 793 000	1 150 146 000	17 452 000
Total Equity and Debt	1 487 045 000	1 547 719 000	1 639 521 000	1 773 478 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	359 092 000	381 603 000	319 070 000	317 785 000
Other Income	11 240 000	2 801 000	99 000	335 000
Revenue	370 332 000	384 404 000	319 169 000	318 120 000
Cost of Goods Sold	78 401 000	70 952 000	71 876 000	66 251 000
Salary Costs	167 608 000	152 063 000	163 452 000	155 936 000
Depreciation	75 211 000	88 512 000	90 986 000	95 572 000
Impairment	18 106 000	−4 651 000	47 182 000	41 076 000
Expenditure	370 853 000	324 791 000	384 674 000	368 118 000
Operating Profit	−522 000	59 612 000	−65 505 000	−49 998 000
Financial Income	3 548 000	54 742 000	1 830 000	1 915 000
Financial Costs	46 750 000	48 664 000	59 190 000	60 289 000
Financial Balance	−43 202 000	6 078 000	−57 360 000	−58 374 000
Dividends	0	0	0	0
Net Income	−43 724 000	65 691 000	−122 865 000	−108 372 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	0	0	0	0
Real Eastate	0	0	0	0
Machinery and Plant Facilities	1 377 515 000	1 398 358 000	1 497 959 000	1 612 317 000
Fixtures	0	0	0	0
Total Tangible Assets	1 377 515 000	1 398 358 000	1 497 959 000	1 612 317 000
Total Fiancial Fixed Assets	0	0	0	0
Total Fixed Assets	1 377 515 000	1 398 358 000	1 497 959 000	1 612 317 000
Stock	5 014 000	2 693 000	3 362 000	9 176 000
Total Investments	0	0	0	0
Cash, Bank	9 624 000	49 017 000	45 298 000	43 524 000
Total Current Assets	109 530 000	149 361 000	141 561 000	161 162 000
Total Assets	1 487 045 000	1 547 719 000	1 639 521 000	1 773 478 000
Total Equity	511 341 000	555 065 000	489 374 000	612 239 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	941 861 000	978 861 000	0	1 143 787 000
Creditors	77 000	2 603 000	220 000	42 000
Unpaid Taxes	0	0	0	1 000
Dividends	0	0	0	0
Other Current Debt	33 765 000	11 190 000	23 852 000	17 409 000
Total Current Debt	33 842 000	13 793 000	1 150 146 000	17 452 000
Total Equity and Debt	1 487 045 000	1 547 719 000	1 639 521 000	1 773 478 000

Financial indicators	2022	2021	2020	2019
Return on Equity	−8,55 %	11,83 %	−25,11 %	−17,7 %
Debt-to-Equity Ratio	1,84	1,76	0	1,87
Operating Profit Margin	−0,14 %	15,51 %	−20,52 %	−15,72 %
Current Ratio	3,24	10,83	0,12	9,23
Quick Ratio	3,8	13,46	0,12	19,47
Equity Ratio	0,34	0,36	0,3	0,35
Gross Profit Margin	78,83 %	81,54 %	77,48 %	79,17 %