ISLAND OFFSHORE X KS

6065 ULSTEINVIK

Finances

Share Ownership

Return on Equity

2,54 %

Current Ratio

0,7

Debt-to-Equity Ratio

−1,06

Key figures (NOK)	2022	2021	2020	2019
Revenue	80 251 000	70 653 000	125 091 000	131 737 000
Net Income	−12 368 000	−43 264 000	−543 475 000	−79 923 000
Total Assets	99 340 000	331 463 000	474 158 000	1 104 982 000
Total Equity	−486 704 000	−519 486 000	−698 563 000	−155 088 000

Income (NOK)	2022	2021	2020	2019
Revenue	80 251 000	70 653 000	125 091 000	131 737 000
Expenditure	69 034 000	85 152 000	609 955 000	149 531 000
Operating Profit	11 217 000	−14 499 000	−484 865 000	−17 794 000
Financial Income	4 496 000	2 868 000	3 301 000	2 998 000
Financial Costs	28 081 000	31 633 000	61 911 000	65 128 000
Financial Balance	−23 585 000	−28 765 000	−58 610 000	−62 130 000
Earnings Before Tax	−12 368 000	−43 264 000	−543 475 000	−79 923 000
Tax	0	0	0	0
Net Income	−12 368 000	−43 264 000	−543 475 000	−79 923 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	48 929 000	291 446 000	438 196 000	1 062 429 000
Total Current Assets	50 411 000	40 017 000	35 962 000	42 553 000
Total Assets	99 340 000	331 463 000	474 158 000	1 104 982 000
Total Retained Equity	−1 347 487 000	−1 380 268 000	−1 559 346 000	−1 015 871 000
Total Equity	−486 704 000	−519 486 000	−698 563 000	−155 088 000
Total Long-Term Debt	513 853 000	147 993 000	0	1 085 664 000
Total Current Debt	72 192 000	702 956 000	1 172 721 000	174 406 000
Total Equity and Debt	99 340 000	331 463 000	474 158 000	1 104 982 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	80 233 000	70 653 000	118 432 000	131 737 000
Other Income	17 000	0	6 658 000	0
Revenue	80 251 000	70 653 000	125 091 000	131 737 000
Cost of Goods Sold	30 279 000	10 668 000	33 967 000	33 252 000
Salary Costs	17 627 000	14 540 000	50 130 000	57 228 000
Depreciation	18 349 000	34 800 000	50 196 000	54 721 000
Impairment	35 000	21 204 000	470 474 000	0
Expenditure	69 034 000	85 152 000	609 955 000	149 531 000
Operating Profit	11 217 000	−14 499 000	−484 865 000	−17 794 000
Financial Income	4 496 000	2 868 000	3 301 000	2 998 000
Financial Costs	28 081 000	31 633 000	61 911 000	65 128 000
Financial Balance	−23 585 000	−28 765 000	−58 610 000	−62 130 000
Dividends	0	0	0	0
Net Income	−12 368 000	−43 264 000	−543 475 000	−79 923 000

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	48 929 000	291 446 000	438 196 000	1 062 429 000
Fixtures	0	0	0	0
Total Tangible Assets	48 929 000	291 446 000	438 196 000	1 062 429 000
Total Fiancial Fixed Assets	0	0	0	0
Total Fixed Assets	48 929 000	291 446 000	438 196 000	1 062 429 000
Stock	0	0	849 000	4 067 000
Total Investments	0	0	0	0
Cash, Bank	11 834 000	30 862 000	8 346 000	5 208 000
Total Current Assets	50 411 000	40 017 000	35 962 000	42 553 000
Total Assets	99 340 000	331 463 000	474 158 000	1 104 982 000
Total Equity	−486 704 000	−519 486 000	−698 563 000	−155 088 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	513 853 000	147 993 000	0	1 085 664 000
Creditors	225 000	283 000	1 242 000	1 357 000
Unpaid Taxes	0	0	0	0
Dividends	0	0	0	0
Other Current Debt	71 966 000	83 959 000	199 723 000	173 049 000
Total Current Debt	72 192 000	702 956 000	1 172 721 000	174 406 000
Total Equity and Debt	99 340 000	331 463 000	474 158 000	1 104 982 000

Financial indicators	2022	2021	2020	2019
Return on Equity	2,54 %	8,33 %	77,8 %	51,53 %
Debt-to-Equity Ratio	−1,06	−0,28	−0	−7
Operating Profit Margin	13,98 %	−20,52 %	−387,61 %	−13,51 %
Current Ratio	0,7	0,06	0,03	0,24
Quick Ratio	0,7	0,06	0,03	0,25
Equity Ratio	−4,9	−1,57	−1,47	−0,14
Gross Profit Margin	62,27 %	84,9 %	72,85 %	74,76 %