SANDVIK OLJESERVICE AS

6444 FARSTAD

Finances

Share Ownership

Return on Equity

−16,6 %

Current Ratio

1,03

Debt-to-Equity Ratio

0,14

Key figures (NOK)	2022	2021	2020	2019
Revenue	4 354 000	4 003 000	4 804 000	5 045 000
Net Income	−204 000	64 000	−313 000	−143 000
Total Assets	2 139 000	2 871 000	3 310 000	4 444 000
Total Equity	1 229 000	1 433 000	1 370 000	1 683 000

Income (NOK)	2022	2021	2020	2019
Revenue	4 354 000	4 003 000	4 804 000	5 045 000
Expenditure	4 597 000	3 883 000	5 144 000	5 146 000
Operating Profit	−243 000	120 000	−339 000	−101 000
Financial Income	1 000	4 000	8 000	11 000
Financial Costs	20 000	42 000	70 000	93 000
Financial Balance	−19 000	−38 000	−62 000	−82 000
Earnings Before Tax	−262 000	82 000	−401 000	−184 000
Tax	−58 000	18 000	−88 000	−40 000
Net Income	−204 000	64 000	−313 000	−143 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	1 378 000	1 920 000	2 434 000	2 962 000
Total Current Assets	761 000	950 000	876 000	1 482 000
Total Assets	2 139 000	2 871 000	3 310 000	4 444 000
Total Retained Equity	1 127 000	1 331 000	1 268 000	1 581 000
Total Equity	1 229 000	1 433 000	1 370 000	1 683 000
Total Long-Term Debt	170 000	778 000	1 226 000	1 855 000
Total Current Debt	739 000	659 000	714 000	907 000
Total Equity and Debt	2 139 000	2 871 000	3 310 000	4 444 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	4 354 000	4 003 000	4 804 000	5 045 000
Other Income	0	0	0	0
Revenue	4 354 000	4 003 000	4 804 000	5 045 000
Cost of Goods Sold	790 000	520 000	982 000	670 000
Salary Costs	1 519 000	1 184 000	1 685 000	2 096 000
Depreciation	528 000	528 000	528 000	529 000
Impairment	0	0	0	0
Expenditure	4 597 000	3 883 000	5 144 000	5 146 000
Operating Profit	−243 000	120 000	−339 000	−101 000
Financial Income	1 000	4 000	8 000	11 000
Financial Costs	20 000	42 000	70 000	93 000
Financial Balance	−19 000	−38 000	−62 000	−82 000
Dividends	0	0	0	0
Net Income	−204 000	64 000	−313 000	−143 000

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	1 378 000	1 906 000	2 434 000	2 962 000
Total Tangible Assets	1 378 000	1 906 000	2 434 000	2 962 000
Total Fiancial Fixed Assets	0	14 000	0	0
Total Fixed Assets	1 378 000	1 920 000	2 434 000	2 962 000
Stock	33 000	15 000	15 000	39 000
Total Investments	0	0	0	0
Cash, Bank	295 000	450 000	536 000	1 002 000
Total Current Assets	761 000	950 000	876 000	1 482 000
Total Assets	2 139 000	2 871 000	3 310 000	4 444 000
Total Equity	1 229 000	1 433 000	1 370 000	1 683 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	170 000	778 000	1 226 000	1 855 000
Creditors	345 000	252 000	383 000	352 000
Unpaid Taxes	194 000	208 000	122 000	242 000
Dividends	0	0	0	0
Other Current Debt	200 000	198 000	210 000	313 000
Total Current Debt	739 000	659 000	714 000	907 000
Total Equity and Debt	2 139 000	2 871 000	3 310 000	4 444 000

Financial indicators	2022	2021	2020	2019
Return on Equity	−16,6 %	4,47 %	−22,85 %	−8,5 %
Debt-to-Equity Ratio	0,14	0,54	0,89	1,1
Operating Profit Margin	−5,58 %	3 %	−7,06 %	−2 %
Current Ratio	1,03	1,44	1,23	1,63
Quick Ratio	1,08	1,48	1,25	1,71
Equity Ratio	0,57	0,5	0,41	0,38
Gross Profit Margin	81,86 %	87,01 %	79,56 %	86,72 %