ISLAND OFFSHORE XII SHIP AS

6065 ULSTEINVIK

Finances

Return on Equity

−0,63 %

Current Ratio

5,35

Debt-to-Equity Ratio

0,53

Key figures (NOK)	2022	2021	2020	2019
Revenue	204 245 000	193 129 000	131 756 000	150 073 000
Net Income	−6 286 000	24 603 000	−15 998 000	11 082 000
Total Assets	1 564 158 000	1 447 129 000	1 433 906 000	1 045 384 000
Total Equity	990 311 000	996 596 000	971 993 000	702 170 000

Income (NOK)	2022	2021	2020	2019
Revenue	204 245 000	193 129 000	131 756 000	150 073 000
Expenditure	184 940 000	150 752 000	139 077 000	129 343 000
Operating Profit	19 306 000	42 378 000	−7 322 000	20 731 000
Financial Income	2 632 000	406 000	1 216 000	3 258 000
Financial Costs	26 881 000	11 189 000	14 404 000	9 782 000
Financial Balance	−24 249 000	−10 783 000	−13 188 000	−6 524 000
Earnings Before Tax	−4 943 000	31 595 000	−20 510 000	14 207 000
Tax	1 343 000	6 992 000	−4 512 000	3 126 000
Net Income	−6 286 000	24 603 000	−15 998 000	11 082 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	1 292 427 000	1 335 471 000	1 362 052 000	962 766 000
Total Current Assets	271 730 000	111 659 000	71 854 000	82 618 000
Total Assets	1 564 158 000	1 447 129 000	1 433 906 000	1 045 384 000
Total Retained Equity	258 025 000	264 311 000	239 708 000	255 706 000
Total Equity	990 311 000	996 596 000	971 993 000	702 170 000
Total Long-Term Debt	523 043 000	236 354 000	93 486 000	317 551 000
Total Current Debt	50 804 000	214 179 000	368 427 000	25 662 000
Total Equity and Debt	1 564 158 000	1 447 129 000	1 433 906 000	1 045 384 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	204 245 000	193 129 000	131 756 000	150 073 000
Other Income	0	0	0	0
Revenue	204 245 000	193 129 000	131 756 000	150 073 000
Cost of Goods Sold	87 463 000	65 302 000	53 875 000	47 603 000
Salary Costs	59 684 000	51 051 000	53 218 000	50 495 000
Depreciation	34 491 000	30 845 000	28 900 000	28 227 000
Impairment	0	0	0	0
Expenditure	184 940 000	150 752 000	139 077 000	129 343 000
Operating Profit	19 306 000	42 378 000	−7 322 000	20 731 000
Financial Income	2 632 000	406 000	1 216 000	3 258 000
Financial Costs	26 881 000	11 189 000	14 404 000	9 782 000
Financial Balance	−24 249 000	−10 783 000	−13 188 000	−6 524 000
Dividends	0	0	0	0
Net Income	−6 286 000	24 603 000	−15 998 000	11 082 000

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	621 600 000	608 529 000	0	654 165 000
Fixtures	0	0	0	0
Total Tangible Assets	621 600 000	608 529 000	635 060 000	654 165 000
Total Fiancial Fixed Assets	670 827 000	726 942 000	726 992 000	308 600 000
Total Fixed Assets	1 292 427 000	1 335 471 000	1 362 052 000	962 766 000
Stock	13 374 000	1 141 000	6 017 000	7 916 000
Total Investments	0	0	0	0
Cash, Bank	1 197 000	19 751 000	31 102 000	33 906 000
Total Current Assets	271 730 000	111 659 000	71 854 000	82 618 000
Total Assets	1 564 158 000	1 447 129 000	1 433 906 000	1 045 384 000
Total Equity	990 311 000	996 596 000	971 993 000	702 170 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	523 043 000	236 354 000	93 486 000	317 551 000
Creditors	2 910 000	77 000	664 000	19 371 000
Unpaid Taxes	0	0	0	0
Dividends	0	0	0	0
Other Current Debt	47 894 000	34 102 000	157 763 000	6 292 000
Total Current Debt	50 804 000	214 179 000	368 427 000	25 662 000
Total Equity and Debt	1 564 158 000	1 447 129 000	1 433 906 000	1 045 384 000

Financial indicators	2022	2021	2020	2019
Return on Equity	−0,63 %	2,47 %	−1,65 %	1,58 %
Debt-to-Equity Ratio	0,53	0,24	0,1	0,45
Operating Profit Margin	9,45 %	21,94 %	−5,56 %	13,81 %
Current Ratio	5,35	0,52	0,2	3,22
Quick Ratio	7,26	0,52	0,2	4,66
Equity Ratio	0,63	0,69	0,68	0,67
Gross Profit Margin	57,18 %	66,19 %	59,11 %	68,28 %