GOLDEN ENERGY OFFSHORE MANAGEMENT AS

6002 ÅLESUND

Finances

Return on Equity

−30,07 %

Current Ratio

0,42

Debt-to-Equity Ratio

−0

Key figures (NOK)	2022	2021	2020	2019
Revenue	62 241 000	21 231 000	30 076 000	33 924 000
Net Income	15 504 000	999 000	−54 034 000	−933 000
Total Assets	44 630 000	103 619 000	53 852 000	71 839 000
Total Equity	−51 552 000	−71 549 000	−73 346 000	−19 311 000

Income (NOK)	2022	2021	2020	2019
Revenue	62 241 000	21 231 000	30 076 000	33 924 000
Expenditure	12 893 000	15 176 000	66 272 000	33 039 000
Operating Profit	49 348 000	6 055 000	−36 195 000	884 000
Financial Income	1 750 000	829 000	4 632 000	3 989 000
Financial Costs	35 575 000	5 885 000	19 818 000	5 450 000
Financial Balance	−33 825 000	−5 056 000	−15 186 000	−1 461 000
Earnings Before Tax	15 522 000	999 000	−51 381 000	−577 000
Tax	18 000	0	2 653 000	356 000
Net Income	15 504 000	999 000	−54 034 000	−933 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	4 022 000	2 369 000	6 159 000	16 691 000
Total Current Assets	40 607 000	101 250 000	47 693 000	55 147 000
Total Assets	44 630 000	103 619 000	53 852 000	71 839 000
Total Retained Equity	−49 353 000	−78 726 000	−80 522 000	−26 488 000
Total Equity	−51 552 000	−71 549 000	−73 346 000	−19 311 000
Total Long-Term Debt	0	0	0	0
Total Current Debt	96 182 000	175 168 000	127 198 000	91 150 000
Total Equity and Debt	44 630 000	103 619 000	53 852 000	71 839 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	62 241 000	21 231 000	30 076 000	33 924 000
Other Income	0	0	0	0
Revenue	62 241 000	21 231 000	30 076 000	33 924 000
Cost of Goods Sold	0	0	871 000	0
Salary Costs	20 372 000	16 498 000	15 327 000	20 175 000
Depreciation	0	0	47 000	161 000
Impairment	0	0	0	0
Expenditure	12 893 000	15 176 000	66 272 000	33 039 000
Operating Profit	49 348 000	6 055 000	−36 195 000	884 000
Financial Income	1 750 000	829 000	4 632 000	3 989 000
Financial Costs	35 575 000	5 885 000	19 818 000	5 450 000
Financial Balance	−33 825 000	−5 056 000	−15 186 000	−1 461 000
Dividends	0	0	0	0
Net Income	15 504 000	999 000	−54 034 000	−933 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	0	0	0	2 653 000
Real Eastate	0	0	0	0
Machinery and Plant Facilities	0	0	0	0
Fixtures	0	0	0	47 000
Total Tangible Assets	0	0	0	47 000
Total Fiancial Fixed Assets	4 022 000	2 369 000	6 159 000	13 991 000
Total Fixed Assets	4 022 000	2 369 000	6 159 000	16 691 000
Stock	0	0	0	0
Total Investments	0	54 245 000	0	0
Cash, Bank	972 000	160 000	2 062 000	5 717 000
Total Current Assets	40 607 000	101 250 000	47 693 000	55 147 000
Total Assets	44 630 000	103 619 000	53 852 000	71 839 000
Total Equity	−51 552 000	−71 549 000	−73 346 000	−19 311 000
Short-Term Group Debt	0	24 993 000	22 144 000	27 052 000
Total Long-Term Debt	0	0	0	0
Creditors	14 126 000	85 890 000	69 922 000	35 881 000
Unpaid Taxes	51 653 000	8 721 000	5 888 000	8 419 000
Dividends	0	0	0	0
Other Current Debt	30 385 000	55 564 000	29 244 000	19 798 000
Total Current Debt	96 182 000	175 168 000	127 198 000	91 150 000
Total Equity and Debt	44 630 000	103 619 000	53 852 000	71 839 000

Financial indicators	2022	2021	2020	2019
Return on Equity	−30,07 %	−1,4 %	73,67 %	4,83 %
Debt-to-Equity Ratio	−0	−0	−0	−0
Operating Profit Margin	79,29 %	28,52 %	−120,35 %	2,61 %
Current Ratio	0,42	0,58	0,37	0,61
Quick Ratio	0,42	0,58	0,37	0,61
Equity Ratio	−1,16	−0,69	−1,36	−0,27
Gross Profit Margin	100 %	100 %	97,1 %	100 %