COG OFFSHORE AS

5542 KARMSUND

Finances

Share Ownership

Return on Equity

9,29 %

Current Ratio

0,78

Debt-to-Equity Ratio

−0

Key figures (NOK)	2022	2021	2020	2019
Revenue	100 361 000	18 939 000	22 717 000	40 928 000
Net Income	−163 000	−1 021 000	258 000	−1 617 000
Total Assets	6 270 000	4 412 000	4 636 000	4 687 000
Total Equity	−1 755 000	−1 593 000	−572 000	−830 000

Income (NOK)	2022	2021	2020	2019
Revenue	100 361 000	18 939 000	22 717 000	40 928 000
Expenditure	100 025 000	19 817 000	22 659 000	42 540 000
Operating Profit	336 000	−878 000	57 000	−1 613 000
Financial Income	658 000	122 000	395 000	211 000
Financial Costs	1 157 000	265 000	194 000	216 000
Financial Balance	−499 000	−143 000	201 000	−5 000
Earnings Before Tax	−163 000	−1 021 000	258 000	−1 617 000
Tax	0	0	0	0
Net Income	−163 000	−1 021 000	258 000	−1 617 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	0	33 000	40 000	45 000
Total Current Assets	6 270 000	4 379 000	4 597 000	4 643 000
Total Assets	6 270 000	4 412 000	4 636 000	4 687 000
Total Retained Equity	−1 855 000	−1 693 000	−672 000	−930 000
Total Equity	−1 755 000	−1 593 000	−572 000	−830 000
Total Long-Term Debt	0	0	0	0
Total Current Debt	8 025 000	6 004 000	5 208 000	5 517 000
Total Equity and Debt	6 270 000	4 412 000	4 636 000	4 687 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	100 361 000	18 939 000	22 717 000	40 928 000
Other Income	0	0	0	0
Revenue	100 361 000	18 939 000	22 717 000	40 928 000
Cost of Goods Sold	0	0	0	247 000
Salary Costs	21 012 000	10 403 000	11 204 000	8 523 000
Depreciation	3 000	7 000	5 000	5 000
Impairment	0	0	0	0
Expenditure	100 025 000	19 817 000	22 659 000	42 540 000
Operating Profit	336 000	−878 000	57 000	−1 613 000
Financial Income	658 000	122 000	395 000	211 000
Financial Costs	1 157 000	265 000	194 000	216 000
Financial Balance	−499 000	−143 000	201 000	−5 000
Dividends	0	0	0	0
Net Income	−163 000	−1 021 000	258 000	−1 617 000

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	3 000	10 000	15 000
Fixtures	0	0	0	0
Total Tangible Assets	0	3 000	10 000	15 000
Total Fiancial Fixed Assets	0	30 000	30 000	30 000
Total Fixed Assets	0	33 000	40 000	45 000
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	605 000	1 263 000	696 000	242 000
Total Current Assets	6 270 000	4 379 000	4 597 000	4 643 000
Total Assets	6 270 000	4 412 000	4 636 000	4 687 000
Total Equity	−1 755 000	−1 593 000	−572 000	−830 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	0	0	0	0
Creditors	2 542 000	1 202 000	1 034 000	1 285 000
Unpaid Taxes	214 000	298 000	234 000	272 000
Dividends	0	0	0	0
Other Current Debt	5 269 000	4 504 000	3 941 000	3 960 000
Total Current Debt	8 025 000	6 004 000	5 208 000	5 517 000
Total Equity and Debt	6 270 000	4 412 000	4 636 000	4 687 000

Financial indicators	2022	2021	2020	2019
Return on Equity	9,29 %	64,09 %	−45,1 %	194,82 %
Debt-to-Equity Ratio	−0	−0	−0	−0
Operating Profit Margin	0,33 %	−4,64 %	0,25 %	−3,94 %
Current Ratio	0,78	0,73	0,88	0,84
Quick Ratio	0,78	0,73	0,88	0,84
Equity Ratio	−0,28	−0,36	−0,12	−0,18
Gross Profit Margin	100 %	100 %	100 %	99,4 %