NORAM DRILLING AS

0250 OSLO

Finances

Share Ownership

Return on Equity

3,63 %

Current Ratio

0,91

Debt-to-Equity Ratio

0,02

Key figures (USD)	2022	2021	2020	2019
Revenue	95 446 000	50 382 000	54 659 000	82 382 000
Net Income	2 976 000	−18 834 000	−13 578 000	−965 000
Total Assets	115 806 000	122 073 000	138 970 000	156 151 000
Total Equity	82 033 000	33 729 000	45 062 000	58 641 000

Income (USD)	2022	2021	2020	2019
Revenue	95 446 000	50 382 000	54 659 000	82 382 000
Expenditure	88 563 000	62 687 000	62 850 000	75 495 000
Operating Profit	6 883 000	−12 305 000	−8 191 000	6 887 000
Financial Income	2 471 000	49 000	46 000	308 000
Financial Costs	6 344 000	7 278 000	7 818 000	8 160 000
Financial Balance	−3 873 000	−7 229 000	−7 772 000	−7 852 000
Earnings Before Tax	3 010 000	−19 534 000	−15 963 000	−965 000
Tax	34 000	−700 000	−2 385 000	0
Net Income	2 976 000	−18 834 000	−13 578 000	−965 000

Balance (USD)	2022	2021	2020	2019
Total Fixed Assets	86 570 000	102 087 000	117 019 000	132 600 000
Total Current Assets	29 236 000	19 986 000	21 951 000	23 551 000
Total Assets	115 806 000	122 073 000	138 970 000	156 151 000
Total Retained Equity	−67 456 000	−70 339 000	−66 099 000	−52 520 000
Total Equity	82 033 000	33 729 000	45 062 000	58 641 000
Total Long-Term Debt	1 746 000	81 962 000	88 369 000	85 557 000
Total Current Debt	32 028 000	6 382 000	5 538 000	11 952 000
Total Equity and Debt	115 807 000	122 073 000	138 969 000	156 150 000

Cash flow (USD)	2022	2021	2020	2019
Sales Income	95 446 000	50 382 000	54 659 000	82 382 000
Other Income	0	0	0	0
Revenue	95 446 000	50 382 000	54 659 000	82 382 000
Cost of Goods Sold	0	0	0	0
Salary Costs	29 449 000	19 751 000	18 758 000	27 276 000
Depreciation	18 879 000	38 654 000	18 041 000	17 214 000
Impairment	0	0	0	0
Expenditure	88 563 000	62 687 000	62 850 000	75 495 000
Operating Profit	6 883 000	−12 305 000	−8 191 000	6 887 000
Financial Income	2 471 000	49 000	46 000	308 000
Financial Costs	6 344 000	7 278 000	7 818 000	8 160 000
Financial Balance	−3 873 000	−7 229 000	−7 772 000	−7 852 000
Dividends	0	0	0	0
Net Income	2 976 000	−18 834 000	−13 578 000	−965 000

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	0	0	117 019 000	132 600 000
Fixtures	258 000	170 000	0	0
Total Tangible Assets	86 570 000	102 087 000	117 019 000	132 600 000
Total Fiancial Fixed Assets	0	0	0	0
Total Fixed Assets	86 570 000	102 087 000	117 019 000	132 600 000
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	13 098 000	12 783 000	16 337 000	7 917 000
Total Current Assets	29 236 000	19 986 000	21 951 000	23 551 000
Total Assets	115 806 000	122 073 000	138 970 000	156 151 000
Total Equity	82 033 000	33 729 000	45 062 000	58 641 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	1 746 000	81 962 000	88 369 000	85 557 000
Creditors	4 607 000	0	1 330 000	6 754 000
Unpaid Taxes	267 000	151 000	150 000	150 000
Dividends	0	0	0	0
Other Current Debt	26 904 000	3 235 000	4 055 000	4 633 000
Total Current Debt	32 028 000	6 382 000	5 538 000	11 952 000
Total Equity and Debt	115 807 000	122 073 000	138 969 000	156 150 000

Financial indicators	2022	2021	2020	2019
Return on Equity	3,63 %	−55,84 %	−30,13 %	−1,65 %
Debt-to-Equity Ratio	0,02	2,43	1,96	1,46
Operating Profit Margin	7,21 %	−24,42 %	−14,99 %	8,36 %
Current Ratio	0,91	3,13	3,96	1,97
Quick Ratio	0,91	3,13	3,96	1,97
Equity Ratio	0,71	0,28	0,32	0,38
Gross Profit Margin	100 %	100 %	100 %	100 %