NORWEGIAN DRILLING ACADEMY AS

4072 RANDABERG

Finances

Share Ownership

Return on Equity

81,61 %

Current Ratio

0,78

Debt-to-Equity Ratio

Key figures (NOK)	2022	2021	2020	2019
Revenue	12 587 000	8 790 000	7 008 000	9 340 000
Net Income	1 314 000	1 091 000	−627 000	−1 264 000
Total Assets	5 165 000	3 895 000	3 176 000	3 727 000
Total Equity	1 610 000	296 000	−795 000	−1 168 000

Income (NOK)	2022	2021	2020	2019
Revenue	12 587 000	8 790 000	7 008 000	9 340 000
Expenditure	11 137 000	7 527 000	7 432 000	10 482 000
Operating Profit	1 450 000	1 263 000	−425 000	−1 142 000
Financial Income	31 000	25 000	41 000	108 000
Financial Costs	167 000	196 000	244 000	230 000
Financial Balance	−136 000	−171 000	−203 000	−122 000
Earnings Before Tax	1 314 000	1 091 000	−627 000	−1 264 000
Tax	0	0	0	0
Net Income	1 314 000	1 091 000	−627 000	−1 264 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	2 386 000	2 353 000	2 234 000	2 208 000
Total Current Assets	2 778 000	1 543 000	942 000	1 519 000
Total Assets	5 165 000	3 895 000	3 176 000	3 727 000
Total Retained Equity	−990 000	−2 304 000	−3 395 000	−2 768 000
Total Equity	1 610 000	296 000	−795 000	−1 168 000
Total Long-Term Debt	0	0	0	0
Total Current Debt	3 554 000	3 600 000	3 972 000	4 895 000
Total Equity and Debt	5 165 000	3 895 000	3 176 000	3 727 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	12 520 000	8 715 000	7 008 000	9 340 000
Other Income	67 000	75 000	0	0
Revenue	12 587 000	8 790 000	7 008 000	9 340 000
Cost of Goods Sold	5 279 000	3 106 000	2 649 000	4 190 000
Salary Costs	3 511 000	2 511 000	2 184 000	3 592 000
Depreciation	0	0	0	95 000
Impairment	0	0	0	0
Expenditure	11 137 000	7 527 000	7 432 000	10 482 000
Operating Profit	1 450 000	1 263 000	−425 000	−1 142 000
Financial Income	31 000	25 000	41 000	108 000
Financial Costs	167 000	196 000	244 000	230 000
Financial Balance	−136 000	−171 000	−203 000	−122 000
Dividends	0	0	0	0
Net Income	1 314 000	1 091 000	−627 000	−1 264 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	1 982 000	1 982 000	1 982 000	1 982 000
Real Eastate	0	0	0	0
Machinery and Plant Facilities	0	0	0	0
Fixtures	22 000	0	0	0
Total Tangible Assets	22 000	0	0	0
Total Fiancial Fixed Assets	382 000	370 000	252 000	226 000
Total Fixed Assets	2 386 000	2 353 000	2 234 000	2 208 000
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	273 000	188 000	52 000	141 000
Total Current Assets	2 778 000	1 543 000	942 000	1 519 000
Total Assets	5 165 000	3 895 000	3 176 000	3 727 000
Total Equity	1 610 000	296 000	−795 000	−1 168 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	0	0	0	0
Creditors	876 000	619 000	359 000	530 000
Unpaid Taxes	466 000	257 000	137 000	299 000
Dividends	0	0	0	0
Other Current Debt	862 000	1 336 000	1 492 000	1 671 000
Total Current Debt	3 554 000	3 600 000	3 972 000	4 895 000
Total Equity and Debt	5 165 000	3 895 000	3 176 000	3 727 000

Financial indicators	2022	2021	2020	2019
Return on Equity	81,61 %	368,58 %	78,87 %	108,22 %
Debt-to-Equity Ratio	0	0	−0	−0
Operating Profit Margin	11,52 %	14,37 %	−6,06 %	−12,23 %
Current Ratio	0,78	0,43	0,24	0,31
Quick Ratio	0,78	0,43	0,24	0,31
Equity Ratio	0,31	0,08	−0,25	−0,31
Gross Profit Margin	58,06 %	64,66 %	62,2 %	55,14 %