STAVANGER WELL SERVICES AS

4051 SOLA

Finances

Share Ownership

Return on Equity

50,15 %

Current Ratio

2,31

Debt-to-Equity Ratio

0,75

Key figures (NOK)	2022	2021	2020	2019
Revenue	19 390 000	27 055 000	27 687 000	11 967 000
Net Income	1 344 000	2 227 000	3 373 000	−75 000
Total Assets	7 381 000	6 438 000	9 643 000	5 252 000
Total Equity	2 680 000	1 335 000	2 108 000	1 735 000

Income (NOK)	2022	2021	2020	2019
Revenue	19 390 000	27 055 000	27 687 000	11 967 000
Expenditure	17 818 000	24 235 000	23 329 000	12 154 000
Operating Profit	1 571 000	2 819 000	4 358 000	−187 000
Financial Income	909 000	589 000	990 000	166 000
Financial Costs	751 000	597 000	1 093 000	112 000
Financial Balance	158 000	−8 000	−103 000	54 000
Earnings Before Tax	1 729 000	2 811 000	4 254 000	−133 000
Tax	385 000	584 000	881 000	−59 000
Net Income	1 344 000	2 227 000	3 373 000	−75 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	1 137 000	1 001 000	401 000	379 000
Total Current Assets	6 244 000	5 437 000	9 243 000	4 873 000
Total Assets	7 381 000	6 438 000	9 643 000	5 252 000
Total Retained Equity	2 500 000	1 155 000	1 928 000	1 555 000
Total Equity	2 680 000	1 335 000	2 108 000	1 735 000
Total Long-Term Debt	2 000 000	4 000	12 000	1 370 000
Total Current Debt	2 702 000	5 099 000	7 523 000	2 147 000
Total Equity and Debt	7 381 000	6 438 000	9 643 000	5 252 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	19 390 000	27 055 000	27 687 000	11 746 000
Other Income	0	0	0	221 000
Revenue	19 390 000	27 055 000	27 687 000	11 967 000
Cost of Goods Sold	10 314 000	18 250 000	18 013 000	7 522 000
Salary Costs	3 492 000	3 292 000	2 973 000	2 507 000
Depreciation	449 000	283 000	76 000	25 000
Impairment	0	0	0	0
Expenditure	17 818 000	24 235 000	23 329 000	12 154 000
Operating Profit	1 571 000	2 819 000	4 358 000	−187 000
Financial Income	909 000	589 000	990 000	166 000
Financial Costs	751 000	597 000	1 093 000	112 000
Financial Balance	158 000	−8 000	−103 000	54 000
Dividends	0	3 000 000	3 000 000	0
Net Income	1 344 000	2 227 000	3 373 000	−75 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	26 000	0	0	59 000
Real Eastate	0	0	0	0
Machinery and Plant Facilities	0	0	0	0
Fixtures	1 111 000	1 001 000	401 000	321 000
Total Tangible Assets	1 111 000	1 001 000	401 000	321 000
Total Fiancial Fixed Assets	0	0	0	0
Total Fixed Assets	1 137 000	1 001 000	401 000	379 000
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	3 470 000	3 019 000	4 132 000	2 139 000
Total Current Assets	6 244 000	5 437 000	9 243 000	4 873 000
Total Assets	7 381 000	6 438 000	9 643 000	5 252 000
Total Equity	2 680 000	1 335 000	2 108 000	1 735 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	2 000 000	4 000	12 000	1 370 000
Creditors	1 003 000	885 000	2 548 000	74 000
Unpaid Taxes	550 000	350 000	908 000	266 000
Dividends	0	3 000 000	3 000 000	0
Other Current Debt	696 000	429 000	517 000	1 807 000
Total Current Debt	2 702 000	5 099 000	7 523 000	2 147 000
Total Equity and Debt	7 381 000	6 438 000	9 643 000	5 252 000

Financial indicators	2022	2021	2020	2019
Return on Equity	50,15 %	166,82 %	160,01 %	−4,32 %
Debt-to-Equity Ratio	0,75	0	0,01	0,79
Operating Profit Margin	8,1 %	10,42 %	15,74 %	−1,56 %
Current Ratio	2,31	1,07	1,23	2,27
Quick Ratio	2,31	1,07	1,23	2,27
Equity Ratio	0,36	0,21	0,22	0,33
Gross Profit Margin	46,81 %	32,54 %	34,94 %	37,14 %