ISLAND OFFSHORE INVEST AS

6065 ULSTEINVIK

Finances

Return on Equity

16,3 %

Current Ratio

0,14

Debt-to-Equity Ratio

−4,07

Key figures (NOK)	2022	2021	2020	2019
Revenue	0	0	0	0
Net Income	−3 463 000	460 000	−2 904 000	−1 384 000
Total Assets	65 476 000	64 842 000	65 269 000	64 082 000
Total Equity	−21 251 000	−17 788 000	−18 247 000	−15 344 000

Income (NOK)	2022	2021	2020	2019
Revenue	0	0	0	0
Expenditure	74 000	58 000	81 000	70 000
Operating Profit	−74 000	−58 000	−81 000	−70 000
Financial Income	269 000	92 000	1 380 000	417 000
Financial Costs	3 658 000	−426 000	4 203 000	1 732 000
Financial Balance	−3 389 000	518 000	−2 823 000	−1 315 000
Earnings Before Tax	−3 463 000	460 000	−2 904 000	−1 384 000
Tax	0	0	0	0
Net Income	−3 463 000	460 000	−2 904 000	−1 384 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	65 432 000	64 782 000	64 782 000	64 062 000
Total Current Assets	44 000	60 000	487 000	20 000
Total Assets	65 476 000	64 842 000	65 269 000	64 082 000
Total Retained Equity	−127 366 000	−123 902 000	−124 362 000	−121 458 000
Total Equity	−21 251 000	−17 788 000	−18 247 000	−15 344 000
Total Long-Term Debt	86 419 000	82 448 000	81 004 000	61 826 000
Total Current Debt	308 000	182 000	2 512 000	17 600 000
Total Equity and Debt	65 476 000	64 842 000	65 269 000	64 082 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	0	0	0	0
Other Income	0	0	0	0
Revenue	0	0	0	0
Cost of Goods Sold	0	0	0	0
Salary Costs	0	0	0	0
Depreciation	0	0	0	0
Impairment	0	0	0	0
Expenditure	74 000	58 000	81 000	70 000
Operating Profit	−74 000	−58 000	−81 000	−70 000
Financial Income	269 000	92 000	1 380 000	417 000
Financial Costs	3 658 000	−426 000	4 203 000	1 732 000
Financial Balance	−3 389 000	518 000	−2 823 000	−1 315 000
Dividends	0	0	0	0
Net Income	−3 463 000	460 000	−2 904 000	−1 384 000

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	0	0	0	0
Total Tangible Assets	0	0	0	0
Total Fiancial Fixed Assets	65 432 000	64 782 000	64 782 000	64 062 000
Total Fixed Assets	65 432 000	64 782 000	64 782 000	64 062 000
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	44 000	60 000	487 000	20 000
Total Current Assets	44 000	60 000	487 000	20 000
Total Assets	65 476 000	64 842 000	65 269 000	64 082 000
Total Equity	−21 251 000	−17 788 000	−18 247 000	−15 344 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	86 419 000	82 448 000	81 004 000	61 826 000
Creditors	0	6 000	4 000	4 000
Unpaid Taxes	0	0	0	0
Dividends	0	0	0	0
Other Current Debt	308 000	175 000	2 508 000	17 595 000
Total Current Debt	308 000	182 000	2 512 000	17 600 000
Total Equity and Debt	65 476 000	64 842 000	65 269 000	64 082 000

Financial indicators	2022	2021	2020	2019
Return on Equity	16,3 %	−2,59 %	15,91 %	9,02 %
Debt-to-Equity Ratio	−4,07	−4,64	−4,44	−4,03
Operating Profit Margin	-	-	-	-
Current Ratio	0,14	0,33	0,19	0
Quick Ratio	0,14	0,33	0,19	0
Equity Ratio	−0,32	−0,27	−0,28	−0,24
Gross Profit Margin	-	-	-	-