ISLAND OFFSHORE XI AS

6065 ULSTEINVIK

Finances

Share Ownership

Return on Equity

−2,41 %

Current Ratio

91,8

Debt-to-Equity Ratio

Key figures (NOK)	2022	2021	2020	2019
Revenue	0	0	0	0
Net Income	−1 270 000	−577 000	−8 720 000	521 000
Total Assets	52 751 000	47 652 000	48 229 000	57 697 000
Total Equity	52 746 000	47 648 000	48 225 000	56 945 000

Income (NOK)	2022	2021	2020	2019
Revenue	0	0	0	0
Expenditure	0	0	0	0
Operating Profit	0	0	0	0
Financial Income	−1 269 000	−577 000	−9 467 000	668 000
Financial Costs	1 000	0	0	0
Financial Balance	−1 270 000	−577 000	−9 467 000	668 000
Earnings Before Tax	−1 270 000	−577 000	−9 468 000	668 000
Tax	0	0	−747 000	147 000
Net Income	−1 270 000	−577 000	−8 720 000	521 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	52 293 000	47 387 000	47 949 000	57 400 000
Total Current Assets	459 000	265 000	280 000	297 000
Total Assets	52 751 000	47 652 000	48 229 000	57 697 000
Total Retained Equity	12 001 000	11 072 000	11 649 000	20 369 000
Total Equity	52 746 000	47 648 000	48 225 000	56 945 000
Total Long-Term Debt	0	0	0	747 000
Total Current Debt	5 000	4 000	4 000	4 000
Total Equity and Debt	52 751 000	47 652 000	48 229 000	57 697 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	0	0	0	0
Other Income	0	0	0	0
Revenue	0	0	0	0
Cost of Goods Sold	0	0	0	0
Salary Costs	0	0	0	0
Depreciation	0	0	0	0
Impairment	0	0	0	0
Expenditure	0	0	0	0
Operating Profit	0	0	0	0
Financial Income	−1 269 000	−577 000	−9 467 000	668 000
Financial Costs	1 000	0	0	0
Financial Balance	−1 270 000	−577 000	−9 467 000	668 000
Dividends	0	0	0	0
Net Income	−1 270 000	−577 000	−8 720 000	521 000

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	0	0	0	0
Fixtures	0	0	0	0
Total Tangible Assets	0	0	0	0
Total Fiancial Fixed Assets	52 293 000	47 387 000	47 949 000	57 400 000
Total Fixed Assets	52 293 000	47 387 000	47 949 000	57 400 000
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	94 000	93 000	93 000	94 000
Total Current Assets	459 000	265 000	280 000	297 000
Total Assets	52 751 000	47 652 000	48 229 000	57 697 000
Total Equity	52 746 000	47 648 000	48 225 000	56 945 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	0	0	0	747 000
Creditors	0	0	0	0
Unpaid Taxes	0	0	0	0
Dividends	0	0	0	0
Other Current Debt	5 000	4 000	4 000	4 000
Total Current Debt	5 000	4 000	4 000	4 000
Total Equity and Debt	52 751 000	47 652 000	48 229 000	57 697 000

Financial indicators	2022	2021	2020	2019
Return on Equity	−2,41 %	−1,21 %	−18,08 %	0,91 %
Debt-to-Equity Ratio	0	0	0	0,01
Operating Profit Margin	-	-	-	-
Current Ratio	91,8	66,25	70	74,25
Quick Ratio	91,8	66,25	70	74,25
Equity Ratio	1	1	1	0,99
Gross Profit Margin	-	-	-	-