COSL DRILLING EUROPE AS

4313 SANDNES

Finances

Return on Equity

10,28 %

Current Ratio

0,05

Debt-to-Equity Ratio

−3,22

Key figures (NOK)	2022	2021	2020	2019
Revenue	154 936 000	130 496 000	157 900 000	180 912 000
Net Income	−151 755 000	−1 402 561 000	266 733 000	61 473 000
Total Assets	4 412 576 000	4 115 534 000	5 720 044 000	6 191 004 000
Total Equity	−1 475 655 000	−1 323 900 000	78 660 000	185 508 000

Income (NOK)	2022	2021	2020	2019
Revenue	154 936 000	130 496 000	157 900 000	180 912 000
Expenditure	147 347 000	124 185 000	150 728 000	172 775 000
Operating Profit	7 590 000	6 311 000	7 171 000	8 137 000
Financial Income	462 567 000	1 273 000	467 171 000	788 396 000
Financial Costs	621 911 000	1 410 145 000	102 240 000	581 288 000
Financial Balance	−159 344 000	−1 408 872 000	364 931 000	207 108 000
Earnings Before Tax	−151 755 000	−1 402 561 000	372 102 000	215 245 000
Tax	0	0	105 369 000	153 772 000
Net Income	−151 755 000	−1 402 561 000	266 733 000	61 473 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	4 354 871 000	4 090 072 000	5 385 992 000	5 388 409 000
Total Current Assets	57 705 000	25 462 000	334 053 000	802 595 000
Total Assets	4 412 576 000	4 115 534 000	5 720 044 000	6 191 004 000
Total Retained Equity	−1 544 115 000	−1 392 360 000	10 200 000	117 048 000
Total Equity	−1 475 655 000	−1 323 900 000	78 660 000	185 508 000
Total Long-Term Debt	4 756 188 000	4 390 012 000	4 294 665 000	4 246 458 000
Total Current Debt	1 132 043 000	1 049 423 000	1 346 719 000	1 759 038 000
Total Equity and Debt	4 412 576 000	4 115 534 000	5 720 045 000	6 191 004 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	0	0	0	180 912 000
Other Income	154 936 000	130 496 000	157 900 000	0
Revenue	154 936 000	130 496 000	157 900 000	180 912 000
Cost of Goods Sold	0	0	0	0
Salary Costs	87 559 000	78 181 000	97 744 000	104 818 000
Depreciation	0	1 522 000	2 985 000	3 097 000
Impairment	307 000	0	0	0
Expenditure	147 347 000	124 185 000	150 728 000	172 775 000
Operating Profit	7 590 000	6 311 000	7 171 000	8 137 000
Financial Income	462 567 000	1 273 000	467 171 000	788 396 000
Financial Costs	621 911 000	1 410 145 000	102 240 000	581 288 000
Financial Balance	−159 344 000	−1 408 872 000	364 931 000	207 108 000
Dividends	0	0	0	0
Net Income	−151 755 000	−1 402 561 000	266 733 000	61 473 000

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	1 532 000	0	2 021 000	4 438 000
Fixtures	0	442 000	0	0
Total Tangible Assets	1 532 000	442 000	2 021 000	4 438 000
Total Fiancial Fixed Assets	4 353 339 000	4 089 631 000	5 383 971 000	5 383 971 000
Total Fixed Assets	4 354 871 000	4 090 072 000	5 385 992 000	5 388 409 000
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	11 090 000	12 449 000	11 900 000	11 637 000
Total Current Assets	57 705 000	25 462 000	334 053 000	802 595 000
Total Assets	4 412 576 000	4 115 534 000	5 720 044 000	6 191 004 000
Total Equity	−1 475 655 000	−1 323 900 000	78 660 000	185 508 000
Short-Term Group Debt	1 088 576 000	1 014 155 000	1 312 698 000	1 717 775 000
Total Long-Term Debt	4 756 188 000	4 390 012 000	4 294 665 000	4 246 458 000
Creditors	5 867 000	3 257 000	1 034 000	4 473 000
Unpaid Taxes	9 714 000	11 570 000	10 450 000	11 595 000
Dividends	0	0	0	0
Other Current Debt	27 887 000	20 440 000	22 537 000	25 195 000
Total Current Debt	1 132 043 000	1 049 423 000	1 346 719 000	1 759 038 000
Total Equity and Debt	4 412 576 000	4 115 534 000	5 720 045 000	6 191 004 000

Financial indicators	2022	2021	2020	2019
Return on Equity	10,28 %	105,94 %	339,1 %	33,14 %
Debt-to-Equity Ratio	−3,22	−3,32	54,6	22,89
Operating Profit Margin	4,9 %	4,84 %	4,54 %	4,5 %
Current Ratio	0,05	0,02	0,25	0,46
Quick Ratio	0,05	0,02	0,25	0,46
Equity Ratio	−0,33	−0,32	0,01	0,03
Gross Profit Margin	100 %	100 %	100 %	100 %