SAFE OFFSHORE AS

6133 LAUVSTAD

Finances

Return on Equity

10,66 %

Current Ratio

3,6

Debt-to-Equity Ratio

Key figures (NOK)	2022	2021	2020	2019
Revenue	2 964 000	2 943 000	645 000	1 294 000
Net Income	1 458 000	−1 003 000	12 000	279 000
Total Assets	16 730 000	12 785 000	14 488 000	14 768 000
Total Equity	13 674 000	12 687 000	14 140 000	14 127 000

Income (NOK)	2022	2021	2020	2019
Revenue	2 964 000	2 943 000	645 000	1 294 000
Expenditure	939 000	2 141 000	659 000	1 016 000
Operating Profit	2 025 000	802 000	−14 000	279 000
Financial Income	36 000	109 000	64 000	80 000
Financial Costs	150 000	1 713 000	1 000	0
Financial Balance	−114 000	−1 604 000	63 000	80 000
Earnings Before Tax	1 912 000	−803 000	50 000	359 000
Tax	454 000	200 000	38 000	80 000
Net Income	1 458 000	−1 003 000	12 000	279 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	5 744 000	6 818 000	8 964 000	9 087 000
Total Current Assets	10 987 000	5 967 000	5 524 000	5 681 000
Total Assets	16 730 000	12 785 000	14 488 000	14 768 000
Total Retained Equity	13 475 000	12 488 000	13 941 000	13 928 000
Total Equity	13 674 000	12 687 000	14 140 000	14 127 000
Total Long-Term Debt	0	0	0	0
Total Current Debt	3 056 000	98 000	348 000	641 000
Total Equity and Debt	16 730 000	12 785 000	14 488 000	14 768 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	2 964 000	2 943 000	645 000	1 294 000
Other Income	0	0	0	0
Revenue	2 964 000	2 943 000	645 000	1 294 000
Cost of Goods Sold	0	0	23 000	5 000
Salary Costs	225 000	0	3 000	185 000
Depreciation	60 000	62 000	68 000	69 000
Impairment	0	0	0	0
Expenditure	939 000	2 141 000	659 000	1 016 000
Operating Profit	2 025 000	802 000	−14 000	279 000
Financial Income	36 000	109 000	64 000	80 000
Financial Costs	150 000	1 713 000	1 000	0
Financial Balance	−114 000	−1 604 000	63 000	80 000
Dividends	470 000	0	0	400 000
Net Income	1 458 000	−1 003 000	12 000	279 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	914 000	1 367 000	1 568 000	1 605 000
Real Eastate	997 000	1 057 000	1 117 000	1 176 000
Machinery and Plant Facilities	0	0	3 000	11 000
Fixtures	0	0	0	0
Total Tangible Assets	997 000	1 057 000	1 119 000	1 187 000
Total Fiancial Fixed Assets	3 833 000	4 394 000	6 277 000	6 295 000
Total Fixed Assets	5 744 000	6 818 000	8 964 000	9 087 000
Stock	1 045 000	1 045 000	1 045 000	1 045 000
Total Investments	0	0	0	0
Cash, Bank	157 000	565 000	97 000	147 000
Total Current Assets	10 987 000	5 967 000	5 524 000	5 681 000
Total Assets	16 730 000	12 785 000	14 488 000	14 768 000
Total Equity	13 674 000	12 687 000	14 140 000	14 127 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	0	0	0	0
Creditors	2 865 000	11 000	209 000	86 000
Unpaid Taxes	56 000	0	0	28 000
Dividends	470 000	0	0	400 000
Other Current Debt	135 000	87 000	139 000	127 000
Total Current Debt	3 056 000	98 000	348 000	641 000
Total Equity and Debt	16 730 000	12 785 000	14 488 000	14 768 000

Financial indicators	2022	2021	2020	2019
Return on Equity	10,66 %	−7,91 %	0,08 %	1,97 %
Debt-to-Equity Ratio	0	0	0	0
Operating Profit Margin	68,32 %	27,25 %	−2,17 %	21,56 %
Current Ratio	3,6	60,89	15,87	8,86
Quick Ratio	5,46	−6,3	−7,93	−14,06
Equity Ratio	0,82	0,99	0,98	0,96
Gross Profit Margin	100 %	100 %	96,43 %	99,61 %