SOLSTAD OFFSHORE ASA financials
SOLSTAD OFFSHORE ASA
Country: NO Reporting currency: NOK Latest annual report: 2024-12-31
LEI:
5967007LIEEXZXHGO849 ISIN: NO0003080608 Financial statements
(NOK, as reported — unscaled; 107 line items across 2 annual periods)
| Line item | 2024 | 2023 |
|---|---|---|
| Income statement | ||
| Other income | NOK 310.6M | NOK 248.6M |
| Administrative expenses | NOK 156.2M | NOK 762.3M |
| Operating expenses | NOK 1.44B | NOK 4.17B |
| Employee benefits expense | NOK 716.9M | NOK 1.59B |
| Operating profit (EBIT) | NOK 1.05B | NOK 1.92B |
| Net finance income / (cost) | NOK 307.1M | -NOK 1.58B |
| Income tax expense | NOK 48.8M | NOK 56.6M |
| Profit for the year | NOK 1.30B | NOK 407.1M |
| Total comprehensive income | NOK 1.41B | NOK 57.3M |
| Cash flow statement | ||
| Net cash from operating activities | NOK 991.0M | NOK 2.68B |
| Income taxes paid | NOK 27.6M | NOK 93.1M |
| Net cash from investing activities | NOK 10.07B | NOK 6.64B |
| Purchase of PP&E (capex) | NOK 14.0M | NOK 106.0M |
| Net cash from financing activities | -NOK 12.54B | -NOK 9.67B |
| Lease liability payments | NOK 1.64B | NOK 148.1M |
| Net change in cash | -NOK 1.48B | -NOK 350.2M |
| Balance sheet | ||
| Total assets | NOK 8.98B | NOK 19.64B |
| Non-current assets | NOK 7.52B | NOK 4.39B |
| Right-of-use assets | NOK 3.40B | NOK 2.79B |
| Inventories | NOK 27.1M | NOK 23.1M |
| Trade & other receivables | NOK 750.7M | NOK 613.7M |
| Cash & equivalents | NOK 381.8M | NOK 501.0M |
| Total equity | NOK 3.27B | NOK 1.82B |
| Non-controlling interests | NOK 58.9M | -NOK 2.7M |
| Non-current liabilities | NOK 4.05B | NOK 2.43B |
| Long-term borrowings | NOK 1.50B | NOK 630.6M |
| Lease liabilities (non-current) | NOK 2.53B | NOK 1.80B |
| Short-term borrowings | NOK 276.8M | NOK 11.38B |
| Lease liabilities (current) | NOK 697.4M | NOK 1.97B |
| Deferred tax liabilities | NOK 10.3M | NOK 0 |
| Derived metrics | ||
| Free cash flow | NOK 977.0M | NOK 2.57B |
| Return on equity | 39.9% | 22.3% |
| Cash conversion ratio | 0.76× | 6.57× |
| Capex coverage | 70.80× | 25.23× |
| Other reported items | ||
| Adjustments For Depreciation and Amortisation Expense and Impairment Loss Reversal of Impairment Loss Recognised In Profit Or Loss | NOK 334.5M | NOK 838.7M |
| Adjustments For Increase Decrease In Employee Benefit Liabilities | NOK 0 | -NOK 2.4M |
| Adjustments For Interest Expense | NOK 569.9M | NOK 2.03B |
| Adjustments For Interest Income | NOK 79.1M | NOK 131.4M |
| Adjustments For Losses Gains On Disposal of Noncurrent Assets | -NOK 721.9M | -NOK 526.7M |
| Adjustments For Unrealised Foreign Exchange Losses Gains | -NOK 6.5M | NOK 156.9M |
| Basic Earnings Loss Per Share From Continuing Operations | NOK 15.45 | NOK 3.64 |
| Basic Earnings Loss Per Share From Discontinued Operations | NOK 0.00 | NOK 1.47 |
| Cash and Cash Equivalents If Different From Statement of Financial Position | NOK 381.8M | NOK 1.88B |
| Cash Receipts From Repayment of Advances and Loans Made To Other Parties Classified As Investing Activities | NOK 11.29B | NOK 6.4M |
| Comprehensive Income Attributable To Noncontrolling Interests | NOK 31.0M | NOK 6.7M |
| Comprehensive Income Attributable To Owners of Parent | NOK 1.38B | NOK 50.6M |
| Current Assets Other Than Assets Or Disposal Groups Classified As Held For Sale Or As Held For Distribution To Owners | NOK 1.41B | NOK 1.39B |
| Current Contract Assets | NOK 0 | NOK 18.3M |
| Current Contract Liabilities | NOK 0 | NOK 0 |
| Current Financial Assets At Fair Value Through Profit Or Loss | NOK 0 | NOK 0 |
| Current Liabilities Other Than Liabilities Included In Disposal Groups Classified As Held For Sale | NOK 1.67B | NOK 13.89B |
| Current Tax Liabilities Current | NOK 29.5M | NOK 24.7M |
| Deferred Tax Assets | NOK 0 | NOK 2.1M |
| Diluted Earnings Loss Per Share From Continuing Operations | NOK 15.45 | NOK 3.64 |
| Diluted Earnings Loss Per Share From Discontinued Operations | NOK 0.00 | NOK 1.47 |
| Dividends Received Classified As Investing Activities | NOK 63.5M | NOK 0 |
| Effect of Exchange Rate Changes On Cash and Cash Equivalents | -NOK 21.8M | NOK 63.1M |
| Equity and Liabilities | NOK 8.98B | NOK 19.64B |
| Gains Losses On Disposals of Noncurrent Assets | NOK 31.1M | NOK 517.6M |
| Impairment Loss Reversal of Impairment Loss Recognised In Profit Or Loss | -NOK 528.6M | NOK 297.0M |
| Income From Continuing Operations Attributable To Owners of Parent | NOK 1.27B | NOK 285.2M |
| Income From Discontinued Operations Attributable To Owners of Parent | NOK 0 | NOK 115.3M |
| Increase Decrease Through Disposal of Subsidiary | NOK 30.5M | — |
| Interest Expense | NOK 569.9M | NOK 1.68B |
| Interest Received Classified As Investing Activities | NOK 79.1M | NOK 131.4M |
| Investments In Associates Accounted For Using Equity Method | NOK 2.30B | NOK 581.0K |
| Investments In Joint Ventures Accounted For Using Equity Method | NOK 252.8M | NOK 188.7M |
| Issue of Equity | — | NOK 14.1M |
| Issued Capital | NOK 82.3M | NOK 82.3M |
| Liabilities | NOK 5.71B | NOK 17.81B |
| Liabilities Included In Disposal Groups Classified As Held For Sale | NOK 0 | NOK 1.48B |
| Noncurrent Assets Or Disposal Groups Classified As Held For Sale | NOK 58.7M | NOK 13.86B |
| Noncurrent Receivables Due From Related Parties | NOK 67.7M | NOK 63.1M |
| Noncurrent Recognised Liabilities Defined Benefit Plan | NOK 0 | NOK 5.2M |
| Number of Shares Issued | 82.3M | — |
| Other Comprehensive Income Net of Tax Exchange Differences On Translation | NOK 109.6M | -NOK 348.5M |
| Other Comprehensive Income Net of Tax Gains Losses On Remeasurements of Defined Benefit Plans | NOK 0 | -NOK 1.3M |
| Other Comprehensive Income That Will Be Reclassified To Profit Or Loss Net of Tax | NOK 109.6M | -NOK 348.5M |
| Other Comprehensive Income That Will Not Be Reclassified To Profit Or Loss Net of Tax | NOK 0 | -NOK 1.3M |
| Other Current Liabilities | NOK 459.7M | NOK 384.0M |
| Other Current Receivables | NOK 247.1M | NOK 229.9M |
| Other Expense By Nature | NOK 568.6M | NOK 1.82B |
| Other Finance Cost | NOK 77.2M | NOK 44.8M |
| Other Finance Income | NOK 184.4M | NOK 2.4M |
| Other Noncurrent Financial Assets | NOK 0 | NOK 0 |
| Other Noncurrent Financial Liabilities | NOK 1.1M | NOK 1.1M |
| Other Noncurrent Liabilities | NOK 0 | NOK 1.0M |
| Other Noncurrent Receivables | NOK 37.7M | NOK 32.2M |
| Other Property Plant and Equipment | NOK 13.4M | NOK 17.7M |
| Par Value Per Share | NOK 1.00 | — |
| Proceeds From Issuing Shares | NOK 0 | NOK 14.1M |
| Proceeds From Noncurrent Borrowings | NOK 1.10B | NOK 0 |
| Proceeds From Sales of Investments Accounted For Using Equity Method | NOK 1.5M | NOK 0 |
| Proceeds From Sales of Property Plant and Equipment Classified As Investing Activities | NOK 345.0K | NOK 7.21B |
| Profit Loss From Continuing Operations | NOK 1.30B | NOK 288.3M |
| Profit Loss From Continuing Operations Attributable To Noncontrolling Interests | NOK 31.7M | NOK 3.2M |
| Profit Loss From Discontinued Operations | NOK 0 | NOK 118.8M |
| Profit Loss From Discontinued Operations Attributable To Noncontrolling Interests | NOK 0 | NOK 3.5M |
| Purchase of Interests In Investments Accounted For Using Equity Method | NOK 12.0M | NOK 80.0M |
| Repayments of Noncurrent Borrowings | NOK 11.64B | NOK 8.15B |
| Revenue and Operating Income | NOK 2.79B | NOK 6.98B |
| Revenue From Interest | NOK 79.1M | NOK 131.7M |
| Share of Profit Loss of Associates Accounted For Using Equity Method | NOK 600.2M | -NOK 4.8M |
| Share of Profit Loss of Joint Ventures Accounted For Using Equity Method | NOK 90.5M | NOK 19.9M |
| Share Premium | NOK 189.5M | NOK 189.5M |
| Ships | NOK 1.29B | NOK 1.18B |
| Trade and Other Current Payables To Trade Suppliers | NOK 201.9M | NOK 138.8M |
Methodology
Every line item above is a fact tagged in SOLSTAD OFFSHORE ASA's annual report
filed in the European Single Electronic Format (ESEF) under the IFRS
taxonomy (ifrs-full) — the income statement, balance sheet
and cash-flow statement as the filer reported them. Values are shown
as-is, in the reporting currency (NOK), without
rescaling; the row labels map to the underlying concept name (e.g.
Revenue → ifrs-full:Revenue, Operating profit →
ifrs-full:ProfitLossFromOperatingActivities, Diluted EPS →
ifrs-full:DilutedEarningsLossPerShare), and any concept
without a curated label is shown under “Other reported items” with its
de-camel-cased tag name. Only consolidated, default-member facts are
shown (segment / dimensional breakdowns are excluded).
“Derived metrics” (free cash flow, margins, ROE, …) are computed from those facts by the same model the U.S. financials pages use — not tagged by the filer.
Source: machine-readable OIM xBRL-JSON aggregated by filings.xbrl.org (XBRL International). Entity identity is resolved by LEI via the public-domain GLEIF register. This is reference data, not investment advice.