INDEPENDENT OIL TOOLS AS

4031 STAVANGER

Finances

Return on Equity

29,94 %

Current Ratio

1,24

Debt-to-Equity Ratio

1,36

Key figures (NOK)	2022	2021	2020	2019
Revenue	126 059 000	133 037 000	126 639 000	111 324 000
Net Income	34 877 000	−3 324 000	16 119 000	47 033 000
Total Assets	335 108 000	296 752 000	286 583 000	415 180 000
Total Equity	116 489 000	81 612 000	84 862 000	66 308 000

Income (NOK)	2022	2021	2020	2019
Revenue	126 059 000	133 037 000	126 639 000	111 324 000
Expenditure	104 712 000	116 828 000	89 736 000	77 743 000
Operating Profit	21 347 000	16 209 000	36 902 000	33 581 000
Financial Income	12 657 000	549 000	1 394 000	852 000
Financial Costs	−6 623 000	13 376 000	16 002 000	−17 371 000
Financial Balance	19 280 000	−12 827 000	−14 608 000	18 223 000
Earnings Before Tax	40 628 000	3 382 000	22 295 000	51 804 000
Tax	5 751 000	6 706 000	6 177 000	4 772 000
Net Income	34 877 000	−3 324 000	16 119 000	47 033 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	261 194 000	212 314 000	201 486 000	212 576 000
Total Current Assets	73 914 000	84 439 000	85 096 000	202 605 000
Total Assets	335 108 000	296 752 000	286 583 000	415 180 000
Total Retained Equity	−34 846 000	−69 723 000	−66 473 000	−186 778 000
Total Equity	116 489 000	81 612 000	84 862 000	66 308 000
Total Long-Term Debt	158 872 000	165 633 000	165 041 000	322 250 000
Total Current Debt	59 747 000	49 507 000	36 680 000	26 623 000
Total Equity and Debt	335 108 000	296 752 000	286 583 000	415 180 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	120 934 000	127 331 000	113 304 000	103 390 000
Other Income	5 125 000	5 706 000	13 334 000	7 935 000
Revenue	126 059 000	133 037 000	126 639 000	111 324 000
Cost of Goods Sold	35 337 000	33 179 000	28 902 000	25 609 000
Salary Costs	28 050 000	26 679 000	23 122 000	22 906 000
Depreciation	19 341 000	15 671 000	15 441 000	14 671 000
Impairment	0	0	0	0
Expenditure	104 712 000	116 828 000	89 736 000	77 743 000
Operating Profit	21 347 000	16 209 000	36 902 000	33 581 000
Financial Income	12 657 000	549 000	1 394 000	852 000
Financial Costs	−6 623 000	13 376 000	16 002 000	−17 371 000
Financial Balance	19 280 000	−12 827 000	−14 608 000	18 223 000
Dividends	0	0	0	0
Net Income	34 877 000	−3 324 000	16 119 000	47 033 000

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	103 615 000	67 743 000	52 689 000	57 756 000
Total Tangible Assets	103 615 000	67 743 000	52 689 000	57 756 000
Total Fiancial Fixed Assets	157 579 000	144 570 000	148 798 000	154 820 000
Total Fixed Assets	261 194 000	212 314 000	201 486 000	212 576 000
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	17 451 000	20 415 000	19 266 000	20 135 000
Total Current Assets	73 914 000	84 439 000	85 096 000	202 605 000
Total Assets	335 108 000	296 752 000	286 583 000	415 180 000
Total Equity	116 489 000	81 612 000	84 862 000	66 308 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	158 872 000	165 633 000	165 041 000	322 250 000
Creditors	9 250 000	10 911 000	7 579 000	8 802 000
Unpaid Taxes	2 703 000	2 657 000	3 033 000	2 716 000
Dividends	0	0	0	0
Other Current Debt	4 576 000	5 134 000	4 063 000	7 675 000
Total Current Debt	59 747 000	49 507 000	36 680 000	26 623 000
Total Equity and Debt	335 108 000	296 752 000	286 583 000	415 180 000

Financial indicators	2022	2021	2020	2019
Return on Equity	29,94 %	−4,07 %	18,99 %	70,93 %
Debt-to-Equity Ratio	1,36	2,03	1,94	4,86
Operating Profit Margin	16,93 %	12,18 %	29,14 %	30,17 %
Current Ratio	1,24	1,71	2,32	7,61
Quick Ratio	1,24	1,71	2,32	7,61
Equity Ratio	0,35	0,28	0,3	0,16
Gross Profit Margin	71,97 %	75,06 %	77,18 %	77 %