NORWEGIAN OFFSHORE RENTAL AS

5570 AKSDAL

Finances

Share Ownership

Return on Equity

46,83 %

Current Ratio

1,65

Debt-to-Equity Ratio

0,14

Key figures (NOK)	2022	2021	2020	2019
Revenue	92 118 000	59 976 000	44 233 000	31 697 000
Net Income	25 130 000	16 106 000	13 220 000	9 082 000
Total Assets	89 592 000	57 123 000	45 579 000	34 033 000
Total Equity	53 660 000	38 530 000	27 423 000	24 204 000

Income (NOK)	2022	2021	2020	2019
Revenue	92 118 000	59 976 000	44 233 000	31 697 000
Expenditure	59 743 000	39 324 000	27 202 000	20 250 000
Operating Profit	32 374 000	20 652 000	17 031 000	11 447 000
Financial Income	1 087 000	875 000	645 000	311 000
Financial Costs	1 169 000	874 000	727 000	107 000
Financial Balance	−82 000	1 000	−82 000	204 000
Earnings Before Tax	32 292 000	20 652 000	16 950 000	11 650 000
Tax	7 161 000	4 546 000	3 730 000	2 568 000
Net Income	25 130 000	16 106 000	13 220 000	9 082 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	42 517 000	27 366 000	19 872 000	15 635 000
Total Current Assets	47 075 000	29 757 000	25 708 000	18 398 000
Total Assets	89 592 000	57 123 000	45 579 000	34 033 000
Total Retained Equity	53 538 000	38 408 000	27 301 000	24 082 000
Total Equity	53 660 000	38 530 000	27 423 000	24 204 000
Total Long-Term Debt	7 320 000	0	0	0
Total Current Debt	28 611 000	18 593 000	18 156 000	9 830 000
Total Equity and Debt	89 592 000	57 123 000	45 579 000	34 033 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	91 362 000	59 976 000	43 333 000	31 295 000
Other Income	757 000	0	899 000	401 000
Revenue	92 118 000	59 976 000	44 233 000	31 697 000
Cost of Goods Sold	23 505 000	13 630 000	8 009 000	6 875 000
Salary Costs	13 950 000	11 087 000	7 328 000	6 090 000
Depreciation	11 042 000	7 254 000	5 417 000	3 566 000
Impairment	0	1 140 000	1 409 000	0
Expenditure	59 743 000	39 324 000	27 202 000	20 250 000
Operating Profit	32 374 000	20 652 000	17 031 000	11 447 000
Financial Income	1 087 000	875 000	645 000	311 000
Financial Costs	1 169 000	874 000	727 000	107 000
Financial Balance	−82 000	1 000	−82 000	204 000
Dividends	10 000 000	5 000 000	10 000 000	4 000 000
Net Income	25 130 000	16 106 000	13 220 000	9 082 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	686 000	901 000	734 000	619 000
Real Eastate	0	0	0	0
Machinery and Plant Facilities	38 300 000	25 961 000	17 647 000	13 436 000
Fixtures	3 531 000	504 000	536 000	626 000
Total Tangible Assets	41 831 000	26 465 000	18 183 000	14 062 000
Total Fiancial Fixed Assets	0	0	955 000	955 000
Total Fixed Assets	42 517 000	27 366 000	19 872 000	15 635 000
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	13 990 000	15 975 000	15 960 000	11 474 000
Total Current Assets	47 075 000	29 757 000	25 708 000	18 398 000
Total Assets	89 592 000	57 123 000	45 579 000	34 033 000
Total Equity	53 660 000	38 530 000	27 423 000	24 204 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	7 320 000	0	0	0
Creditors	6 661 000	3 542 000	2 494 000	2 267 000
Unpaid Taxes	1 201 000	1 472 000	1 032 000	569 000
Dividends	10 000 000	5 000 000	10 000 000	4 000 000
Other Current Debt	13 803 000	8 866 000	10 784 000	4 658 000
Total Current Debt	28 611 000	18 593 000	18 156 000	9 830 000
Total Equity and Debt	89 592 000	57 123 000	45 579 000	34 033 000

Financial indicators	2022	2021	2020	2019
Return on Equity	46,83 %	41,8 %	48,21 %	37,52 %
Debt-to-Equity Ratio	0,14	0	0	0
Operating Profit Margin	35,14 %	34,43 %	38,5 %	36,11 %
Current Ratio	1,65	1,6	1,42	1,87
Quick Ratio	1,65	1,6	1,42	1,87
Equity Ratio	0,6	0,67	0,6	0,71
Gross Profit Margin	74,48 %	77,27 %	81,89 %	78,31 %