CANRIG DRILLING TECHNOLOGY (NORWAY) AS

4323 SANDNES

Finances

Share Ownership

Return on Equity

−28,57 %

Current Ratio

1,47

Debt-to-Equity Ratio

3,59

Key figures (NOK)	2022	2021	2020	2019
Revenue	257 000	1 493 000	62 988 000	47 403 000
Net Income	−3 061 000	11 617 000	4 529 000	9 051 000
Total Assets	153 860 000	149 492 000	248 902 000	151 901 000
Total Equity	10 715 000	28 097 000	85 205 000	10 012 000

Income (NOK)	2022	2021	2020	2019
Revenue	257 000	1 493 000	62 988 000	47 403 000
Expenditure	1 627 000	3 163 000	58 537 000	45 435 000
Operating Profit	−1 369 000	−1 670 000	4 450 000	1 966 000
Financial Income	5 788 000	3 384 000	2 486 000	2 473 000
Financial Costs	1 785 000	9 131 000	1 129 000	2 417 000
Financial Balance	4 003 000	−5 747 000	1 357 000	56 000
Earnings Before Tax	2 633 000	−7 417 000	5 807 000	2 022 000
Tax	5 694 000	−19 034 000	1 278 000	−7 029 000
Net Income	−3 061 000	11 617 000	4 529 000	9 051 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	0	0	700 000	1 267 000
Total Current Assets	153 860 000	149 492 000	248 202 000	150 633 000
Total Assets	153 860 000	149 492 000	248 902 000	151 901 000
Total Retained Equity	0	11 724 000	0	0
Total Equity	10 715 000	28 097 000	85 205 000	10 012 000
Total Long-Term Debt	38 456 000	41 916 000	47 188 000	22 664 000
Total Current Debt	104 689 000	79 479 000	116 510 000	119 224 000
Total Equity and Debt	153 860 000	149 492 000	248 902 000	151 901 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	257 000	232 000	62 988 000	47 403 000
Other Income	0	1 261 000	0	0
Revenue	257 000	1 493 000	62 988 000	47 403 000
Cost of Goods Sold	6 000	165 000	36 375 000	32 721 000
Salary Costs	995 000	1 840 000	14 873 000	−5 387 000
Depreciation	0	161 000	567 000	949 000
Impairment	0	0	0	0
Expenditure	1 627 000	3 163 000	58 537 000	45 435 000
Operating Profit	−1 369 000	−1 670 000	4 450 000	1 966 000
Financial Income	5 788 000	3 384 000	2 486 000	2 473 000
Financial Costs	1 785 000	9 131 000	1 129 000	2 417 000
Financial Balance	4 003 000	−5 747 000	1 357 000	56 000
Dividends	0	0	0	0
Net Income	−3 061 000	11 617 000	4 529 000	9 051 000

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	615 000	1 086 000
Fixtures	0	0	84 000	181 000
Total Tangible Assets	0	0	700 000	1 267 000
Total Fiancial Fixed Assets	0	0	0	0
Total Fixed Assets	0	0	700 000	1 267 000
Stock	0	0	0	22 928 000
Total Investments	0	0	0	0
Cash, Bank	9 457 000	6 642 000	9 433 000	2 120 000
Total Current Assets	153 860 000	149 492 000	248 202 000	150 633 000
Total Assets	153 860 000	149 492 000	248 902 000	151 901 000
Total Equity	10 715 000	28 097 000	85 205 000	10 012 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	38 456 000	41 916 000	47 188 000	22 664 000
Creditors	62 000	11 000	115 000	3 514 000
Unpaid Taxes	82 000	78 000	1 725 000	2 262 000
Dividends	0	0	0	0
Other Current Debt	14 241 000	12 561 000	7 911 000	7 673 000
Total Current Debt	104 689 000	79 479 000	116 510 000	119 224 000
Total Equity and Debt	153 860 000	149 492 000	248 902 000	151 901 000

Financial indicators	2022	2021	2020	2019
Return on Equity	−28,57 %	41,35 %	5,32 %	90,4 %
Debt-to-Equity Ratio	3,59	1,49	0,55	2,26
Operating Profit Margin	−532,68 %	−111,86 %	7,06 %	4,15 %
Current Ratio	1,47	1,88	2,13	1,26
Quick Ratio	1,47	1,88	2,13	1,56
Equity Ratio	0,07	0,19	0,34	0,07
Gross Profit Margin	97,67 %	88,95 %	42,25 %	30,97 %