NORTH SEA RIGS AS

4313 SANDNES

Finances

Share Ownership

Return on Equity

−146,64 %

Current Ratio

1,25

Debt-to-Equity Ratio

Key figures (NOK)	2022	2021	2020	2019
Revenue	15 324 000	33 090 000	42 318 000	60 090 000
Net Income	−9 200 000	11 000	416 000	145 000
Total Assets	20 970 000	38 687 000	73 796 000	102 533 000
Total Equity	6 274 000	15 474 000	15 464 000	15 048 000

Income (NOK)	2022	2021	2020	2019
Revenue	15 324 000	33 090 000	42 318 000	60 090 000
Expenditure	29 090 000	33 761 000	40 979 000	61 614 000
Operating Profit	−13 766 000	−672 000	1 339 000	−1 523 000
Financial Income	2 139 000	845 000	1 205 000	2 163 000
Financial Costs	168 000	154 000	2 004 000	418 000
Financial Balance	1 971 000	691 000	−799 000	1 745 000
Earnings Before Tax	−11 795 000	19 000	540 000	221 000
Tax	−2 595 000	9 000	124 000	76 000
Net Income	−9 200 000	11 000	416 000	145 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	2 622 000	27 000	43 000	37 000
Total Current Assets	18 348 000	38 660 000	73 753 000	102 496 000
Total Assets	20 970 000	38 687 000	73 796 000	102 533 000
Total Retained Equity	0	6 807 000	6 796 000	6 380 000
Total Equity	6 274 000	15 474 000	15 464 000	15 048 000
Total Long-Term Debt	0	0	0	0
Total Current Debt	14 696 000	23 212 000	58 332 000	87 485 000
Total Equity and Debt	20 970 000	38 687 000	73 796 000	102 533 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	15 324 000	33 090 000	42 318 000	60 090 000
Other Income	0	0	0	0
Revenue	15 324 000	33 090 000	42 318 000	60 090 000
Cost of Goods Sold	0	0	0	0
Salary Costs	124 000	149 000	220 000	390 000
Depreciation	0	7 000	18 000	28 000
Impairment	0	0	0	0
Expenditure	29 090 000	33 761 000	40 979 000	61 614 000
Operating Profit	−13 766 000	−672 000	1 339 000	−1 523 000
Financial Income	2 139 000	845 000	1 205 000	2 163 000
Financial Costs	168 000	154 000	2 004 000	418 000
Financial Balance	1 971 000	691 000	−799 000	1 745 000
Dividends	0	0	0	0
Net Income	−9 200 000	11 000	416 000	145 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	2 622 000	27 000	36 000	6 000
Real Eastate	0	0	0	0
Machinery and Plant Facilities	0	0	0	0
Fixtures	0	0	7 000	25 000
Total Tangible Assets	0	0	7 000	25 000
Total Fiancial Fixed Assets	0	0	0	6 000
Total Fixed Assets	2 622 000	27 000	43 000	37 000
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	15 725 000	36 607 000	70 500 000	94 993 000
Total Current Assets	18 348 000	38 660 000	73 753 000	102 496 000
Total Assets	20 970 000	38 687 000	73 796 000	102 533 000
Total Equity	6 274 000	15 474 000	15 464 000	15 048 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	0	0	0	0
Creditors	4 922 000	3 124 000	5 510 000	1 723 000
Unpaid Taxes	0	0	0	0
Dividends	0	0	0	0
Other Current Debt	9 773 000	20 089 000	52 668 000	85 684 000
Total Current Debt	14 696 000	23 212 000	58 332 000	87 485 000
Total Equity and Debt	20 970 000	38 687 000	73 796 000	102 533 000

Financial indicators	2022	2021	2020	2019
Return on Equity	−146,64 %	0,07 %	2,69 %	0,96 %
Debt-to-Equity Ratio	0	0	0	0
Operating Profit Margin	−89,83 %	−2,03 %	3,16 %	−2,53 %
Current Ratio	1,25	1,67	1,26	1,17
Quick Ratio	1,25	1,67	1,26	1,17
Equity Ratio	0,3	0,4	0,21	0,15
Gross Profit Margin	100 %	100 %	100 %	100 %