VENTURE DRILLING AS

0161 OSLO

Finances

Return on Equity

−15,08 %

Current Ratio

3,43

Debt-to-Equity Ratio

Key figures (USD)	2022	2021	2020	2019
Revenue	309 000	248 000	0	0
Net Income	−856 000	−368 000	5 002 000	409 000
Total Assets	5 761 000	6 984 000	11 472 000	6 610 000
Total Equity	5 675 000	6 943 000	7 091 000	1 963 000

Income (USD)	2022	2021	2020	2019
Revenue	309 000	248 000	0	0
Expenditure	1 187 000	482 000	80 000	49 000
Operating Profit	−878 000	−234 000	−80 000	−49 000
Financial Income	133 000	90 000	5 789 000	976 000
Financial Costs	6 000	5 000	581 000	138 000
Financial Balance	127 000	85 000	5 208 000	838 000
Earnings Before Tax	−751 000	−148 000	5 128 000	789 000
Tax	105 000	220 000	125 000	380 000
Net Income	−856 000	−368 000	5 002 000	409 000

Balance (USD)	2022	2021	2020	2019
Total Fixed Assets	5 467 000	6 785 000	11 376 000	6 353 000
Total Current Assets	295 000	199 000	96 000	257 000
Total Assets	5 761 000	6 984 000	11 472 000	6 610 000
Total Retained Equity	−3 472 000	−2 205 000	−1 058 000	−5 615 000
Total Equity	5 675 000	6 943 000	7 091 000	1 963 000
Total Long-Term Debt	0	0	4 310 000	4 617 000
Total Current Debt	86 000	42 000	72 000	30 000
Total Equity and Debt	5 761 000	6 984 000	11 472 000	6 610 000

Cash flow (USD)	2022	2021	2020	2019
Sales Income	0	0	0	0
Other Income	309 000	248 000	0	0
Revenue	309 000	248 000	0	0
Cost of Goods Sold	0	0	0	0
Salary Costs	0	0	0	0
Depreciation	420 000	420 000	35 000	0
Impairment	721 000	0	0	0
Expenditure	1 187 000	482 000	80 000	49 000
Operating Profit	−878 000	−234 000	−80 000	−49 000
Financial Income	133 000	90 000	5 789 000	976 000
Financial Costs	6 000	5 000	581 000	138 000
Financial Balance	127 000	85 000	5 208 000	838 000
Dividends	0	0	0	0
Net Income	−856 000	−368 000	5 002 000	409 000

Balance details (USD)	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	3 444 000	4 584 000	5 004 000	0
Fixtures	0	0	0	0
Total Tangible Assets	3 444 000	4 584 000	5 004 000	0
Total Fiancial Fixed Assets	2 023 000	2 201 000	6 372 000	6 353 000
Total Fixed Assets	5 467 000	6 785 000	11 376 000	6 353 000
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	157 000	49 000	50 000	217 000
Total Current Assets	295 000	199 000	96 000	257 000
Total Assets	5 761 000	6 984 000	11 472 000	6 610 000
Total Equity	5 675 000	6 943 000	7 091 000	1 963 000
Short-Term Group Debt	41 000	0	0	0
Total Long-Term Debt	0	0	4 310 000	4 617 000
Creditors	46 000	42 000	42 000	0
Unpaid Taxes	0	0	0	0
Dividends	0	0	0	0
Other Current Debt	0	0	30 000	30 000
Total Current Debt	86 000	42 000	72 000	30 000
Total Equity and Debt	5 761 000	6 984 000	11 472 000	6 610 000

Financial indicators	2022	2021	2020	2019
Return on Equity	−15,08 %	−5,3 %	70,54 %	20,84 %
Debt-to-Equity Ratio	0	0	0,61	2,35
Operating Profit Margin	−284,14 %	−94,35 %	-	-
Current Ratio	3,43	4,74	1,33	8,57
Quick Ratio	3,43	4,74	1,33	8,57
Equity Ratio	0,99	0,99	0,62	0,3
Gross Profit Margin	100 %	100 %	-	-