OFFSHORE NORWAY AS

4021 STAVANGER

Finances

Share Ownership

Return on Equity

20,29 %

Current Ratio

1,3

Debt-to-Equity Ratio

0,01

Key figures (NOK)	2022	2021	2020	2019
Revenue	1 312 000	1 290 000	1 257 000	1 257 000
Net Income	28 000	103 000	181 000	124 000
Total Assets	605 000	1 041 000	667 000	975 000
Total Equity	138 000	190 000	237 000	156 000

Income (NOK)	2022	2021	2020	2019
Revenue	1 312 000	1 290 000	1 257 000	1 257 000
Expenditure	1 274 000	1 158 000	1 024 000	1 098 000
Operating Profit	38 000	133 000	233 000	160 000
Financial Income	0	0	0	0
Financial Costs	1 000	0	0	0
Financial Balance	−1 000	0	0	0
Earnings Before Tax	37 000	133 000	232 000	160 000
Tax	9 000	30 000	51 000	35 000
Net Income	28 000	103 000	181 000	124 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	0	0	0	0
Total Current Assets	605 000	1 041 000	667 000	975 000
Total Assets	605 000	1 041 000	667 000	975 000
Total Retained Equity	27 000	79 000	126 000	45 000
Total Equity	138 000	190 000	237 000	156 000
Total Long-Term Debt	1 000	5 000	6 000	7 000
Total Current Debt	465 000	847 000	424 000	812 000
Total Equity and Debt	605 000	1 041 000	667 000	975 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	1 312 000	1 290 000	1 257 000	1 257 000
Other Income	0	0	0	0
Revenue	1 312 000	1 290 000	1 257 000	1 257 000
Cost of Goods Sold	315 000	247 000	217 000	284 000
Salary Costs	723 000	716 000	597 000	592 000
Depreciation	0	0	0	0
Impairment	0	0	0	0
Expenditure	1 274 000	1 158 000	1 024 000	1 098 000
Operating Profit	38 000	133 000	233 000	160 000
Financial Income	0	0	0	0
Financial Costs	1 000	0	0	0
Financial Balance	−1 000	0	0	0
Dividends	80 000	150 000	100 000	100 000
Net Income	28 000	103 000	181 000	124 000

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	0	0	0	0
Total Fixed Assets	0	0	0	0
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	297 000	778 000	463 000	574 000
Total Current Assets	605 000	1 041 000	667 000	975 000
Total Assets	605 000	1 041 000	667 000	975 000
Total Equity	138 000	190 000	237 000	156 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	1 000	5 000	6 000	7 000
Creditors	16 000	7 000	4 000	50 000
Unpaid Taxes	81 000	119 000	51 000	90 000
Dividends	80 000	150 000	100 000	100 000
Other Current Debt	276 000	539 000	217 000	535 000
Total Current Debt	465 000	847 000	424 000	812 000
Total Equity and Debt	605 000	1 041 000	667 000	975 000

Financial indicators	2022	2021	2020	2019
Return on Equity	20,29 %	54,21 %	76,37 %	79,49 %
Debt-to-Equity Ratio	0,01	0,03	0,03	0,04
Operating Profit Margin	2,9 %	10,31 %	18,54 %	12,73 %
Current Ratio	1,3	1,23	1,57	1,2
Quick Ratio	1,3	1,23	1,57	1,2
Equity Ratio	0,23	0,18	0,36	0,16
Gross Profit Margin	75,99 %	80,85 %	82,74 %	77,41 %