FARSUND OFFSHORE AS

4550 FARSUND

Finances

Return on Equity

53,72 %

Current Ratio

1,39

Debt-to-Equity Ratio

0,32

Key figures (NOK)	2022	2021	2020	2019
Revenue	8 514 000	4 688 000	4 581 000	8 048 000
Net Income	808 000	274 000	504 000	1 332 000
Total Assets	4 415 000	2 582 000	2 540 000	3 536 000
Total Equity	1 504 000	710 000	936 000	1 432 000

Income (NOK)	2022	2021	2020	2019
Revenue	8 514 000	4 688 000	4 581 000	8 048 000
Expenditure	7 462 000	4 328 000	3 918 000	6 316 000
Operating Profit	1 052 000	360 000	663 000	1 732 000
Financial Income	12 000	0	2 000	6 000
Financial Costs	25 000	9 000	20 000	30 000
Financial Balance	−13 000	−9 000	−18 000	−24 000
Earnings Before Tax	1 039 000	351 000	646 000	1 708 000
Tax	231 000	77 000	142 000	376 000
Net Income	808 000	274 000	504 000	1 332 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	1 042 000	569 000	784 000	1 133 000
Total Current Assets	3 373 000	2 013 000	1 756 000	2 402 000
Total Assets	4 415 000	2 582 000	2 540 000	3 536 000
Total Retained Equity	1 404 000	610 000	836 000	1 332 000
Total Equity	1 504 000	710 000	936 000	1 432 000
Total Long-Term Debt	483 000	620 000	764 000	889 000
Total Current Debt	2 429 000	1 252 000	840 000	1 215 000
Total Equity and Debt	4 415 000	2 582 000	2 540 000	3 536 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	8 514 000	4 674 000	4 521 000	8 048 000
Other Income	0	14 000	61 000	0
Revenue	8 514 000	4 688 000	4 581 000	8 048 000
Cost of Goods Sold	931 000	436 000	723 000	2 475 000
Salary Costs	5 656 000	3 198 000	2 427 000	3 183 000
Depreciation	216 000	211 000	208 000	91 000
Impairment	0	0	0	0
Expenditure	7 462 000	4 328 000	3 918 000	6 316 000
Operating Profit	1 052 000	360 000	663 000	1 732 000
Financial Income	12 000	0	2 000	6 000
Financial Costs	25 000	9 000	20 000	30 000
Financial Balance	−13 000	−9 000	−18 000	−24 000
Dividends	0	0	0	0
Net Income	808 000	274 000	504 000	1 332 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	21 000	0	44 000	187 000
Real Eastate	0	0	0	0
Machinery and Plant Facilities	0	0	0	0
Fixtures	353 000	569 000	739 000	947 000
Total Tangible Assets	353 000	569 000	739 000	947 000
Total Fiancial Fixed Assets	667 000	0	0	0
Total Fixed Assets	1 042 000	569 000	784 000	1 133 000
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	1 513 000	662 000	1 075 000	975 000
Total Current Assets	3 373 000	2 013 000	1 756 000	2 402 000
Total Assets	4 415 000	2 582 000	2 540 000	3 536 000
Total Equity	1 504 000	710 000	936 000	1 432 000
Short-Term Group Debt	418 000	0	0	0
Total Long-Term Debt	483 000	620 000	764 000	889 000
Creditors	61 000	71 000	170 000	336 000
Unpaid Taxes	504 000	468 000	241 000	255 000
Dividends	0	0	0	0
Other Current Debt	1 196 000	681 000	429 000	623 000
Total Current Debt	2 429 000	1 252 000	840 000	1 215 000
Total Equity and Debt	4 415 000	2 582 000	2 540 000	3 536 000

Financial indicators	2022	2021	2020	2019
Return on Equity	53,72 %	38,59 %	53,85 %	93,02 %
Debt-to-Equity Ratio	0,32	0,87	0,82	0,62
Operating Profit Margin	12,36 %	7,68 %	14,47 %	21,52 %
Current Ratio	1,39	1,61	2,09	1,98
Quick Ratio	1,39	1,61	2,09	1,98
Equity Ratio	0,34	0,27	0,37	0,4
Gross Profit Margin	89,07 %	90,7 %	84,22 %	69,25 %