IFCHOR GALBRAITHS OFFSHORE & RENEWABLES AS

5004 BERGEN

Finances

Share Ownership

Return on Equity

20,66 %

Current Ratio

1,75

Debt-to-Equity Ratio

Key figures (NOK)	2022	2021	2020	2019
Revenue	27 693 000	15 371 000	15 204 000	14 435 000
Net Income	1 240 000	1 185 000	1 066 000	446 000
Total Assets	13 868 000	18 730 000	17 104 000	14 969 000
Total Equity	6 001 000	6 261 000	12 326 000	12 260 000

Income (NOK)	2022	2021	2020	2019
Revenue	27 693 000	15 371 000	15 204 000	14 435 000
Expenditure	26 370 000	13 825 000	13 614 000	14 128 000
Operating Profit	1 323 000	1 546 000	1 591 000	307 000
Financial Income	649 000	144 000	305 000	400 000
Financial Costs	275 000	149 000	511 000	110 000
Financial Balance	374 000	−5 000	−206 000	290 000
Earnings Before Tax	1 697 000	1 541 000	1 385 000	596 000
Tax	457 000	356 000	318 000	150 000
Net Income	1 240 000	1 185 000	1 066 000	446 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	115 000	383 000	650 000	1 059 000
Total Current Assets	13 753 000	18 347 000	16 453 000	13 910 000
Total Assets	13 868 000	18 730 000	17 104 000	14 969 000
Total Retained Equity	5 911 000	6 171 000	12 236 000	12 170 000
Total Equity	6 001 000	6 261 000	12 326 000	12 260 000
Total Long-Term Debt	0	0	0	0
Total Current Debt	7 866 000	12 469 000	4 777 000	2 709 000
Total Equity and Debt	13 868 000	18 730 000	17 104 000	14 969 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	27 693 000	15 371 000	15 204 000	14 435 000
Other Income	0	0	0	0
Revenue	27 693 000	15 371 000	15 204 000	14 435 000
Cost of Goods Sold	10 687 000	922 000	1 178 000	1 259 000
Salary Costs	12 058 000	10 246 000	9 795 000	8 943 000
Depreciation	33 000	13 000	53 000	70 000
Impairment	0	0	0	0
Expenditure	26 370 000	13 825 000	13 614 000	14 128 000
Operating Profit	1 323 000	1 546 000	1 591 000	307 000
Financial Income	649 000	144 000	305 000	400 000
Financial Costs	275 000	149 000	511 000	110 000
Financial Balance	374 000	−5 000	−206 000	290 000
Dividends	1 500 000	250 000	1 000 000	6 000 000
Net Income	1 240 000	1 185 000	1 066 000	446 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	31 000	294 000	650 000	969 000
Real Eastate	0	0	0	0
Machinery and Plant Facilities	0	0	0	0
Fixtures	84 000	88 000	0	53 000
Total Tangible Assets	84 000	88 000	0	53 000
Total Fiancial Fixed Assets	0	0	0	38 000
Total Fixed Assets	115 000	383 000	650 000	1 059 000
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	11 079 000	12 110 000	13 684 000	10 845 000
Total Current Assets	13 753 000	18 347 000	16 453 000	13 910 000
Total Assets	13 868 000	18 730 000	17 104 000	14 969 000
Total Equity	6 001 000	6 261 000	12 326 000	12 260 000
Short-Term Group Debt	0	5 406 000	0	0
Total Long-Term Debt	0	0	0	0
Creditors	269 000	355 000	193 000	220 000
Unpaid Taxes	1 064 000	939 000	785 000	638 000
Dividends	1 500 000	250 000	1 000 000	6 000 000
Other Current Debt	4 840 000	5 520 000	2 799 000	1 851 000
Total Current Debt	7 866 000	12 469 000	4 777 000	2 709 000
Total Equity and Debt	13 868 000	18 730 000	17 104 000	14 969 000

Financial indicators	2022	2021	2020	2019
Return on Equity	20,66 %	18,93 %	8,65 %	3,64 %
Debt-to-Equity Ratio	0	0	0	0
Operating Profit Margin	4,78 %	10,06 %	10,46 %	2,13 %
Current Ratio	1,75	1,47	3,44	5,13
Quick Ratio	1,75	1,47	3,44	5,13
Equity Ratio	0,43	0,33	0,72	0,82
Gross Profit Margin	61,41 %	94 %	92,25 %	91,28 %