Eidesvik Offshore Logo

Eidesvik Offshore

ISIN: NO0010263023 | Ticker: EIOF | LEI: 5967007LIEEXZXFOMO31
Sector: EnergySub-Industry: Oil & Gas Equipment & Services
Country: Norway

About Eidesvik Offshore

Company Description

Eidesvik Offshore ASA owns and operates a world-wide fleet of purpose-built vessels, providing services to the offshore supply, subsea, offshore wind, and seismic markets.

Our dedicated crews at sea and on land take great pride in delivering efficient high-quality seamanship, services, and operations to our clients. For decades Eidesvik has also had a clear vision of using as little fossil fuel as possible to minimise our emissions – resulting in a strong reputation as a pioneer in implementing new environmental technologies in both newbuilds and existing fleet.

Eidesvik’s headquarters is located at Bømlo, between the cities of Haugesund and Bergen on the Norwegian west coast.

Year founded

2004

Served area

Europe

Headquarters

Langevåg, Bømlo, 5443 Bømlo – Norway

Financial statements

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Line item in (nok) 01.01.2020 01.01.2021 01.01.2022 01.01.2023
Assets N/A 3,097,113,000.00 2,750,583,000.00 2,339,034,000.00
Noncurrent Assets N/A 2,220,027,000.00 1,196,904,000.00 1,348,068,000.00
Ships N/A 1,922,882,000.00 908,507,000.00 1,062,780,000.00
Other Property Plant And Equipment N/A 21,445,000.00 20,524,000.00 18,547,000.00
Investment Accounted For Using Equity Method N/A 1,720,000.00 2,595,000.00 N/A
Investments In Joint Ventures Accounted For Using Equity Method N/A N/A 147,525,000.00 137,882,000.00
Investments In Joint Ventures N/A 154,316,000.00 147,525,000.00 N/A
Other Noncurrent Receivables N/A 64,455,000.00 51,178,000.00 39,769,000.00
Noncurrent Recognised Assets Defined Benefit Plan N/A 0.00 282,000.00 417,000.00
Noncurrent Derivative Financial Assets N/A 0.00 15,791,000.00 30,065,000.00
Trade And Other Current Receivables N/A N/A 130,942,000.00 141,759,000.00
Current Trade Receivables N/A 101,416,000.00 130,942,000.00 N/A
Cash and cash equivalents 408,320,000.00 429,183,000.00 330,401,000.00 655,653,000.00
Current Assets Other Than Assets Or Disposal Groups Classified As Held For Sale Or As Held For Distribution To Owners N/A 877,086,000.00 531,220,000.00 910,271,000.00
Noncurrent Assets Or Disposal Groups Classified As Held For Sale N/A 0.00 1,022,459,000.00 80,695,000.00
Current Derivative Financial Assets N/A 25,284,000.00 1,613,000.00 32,115,000.00
Current Investments N/A 255,978,000.00 0.00 N/A
Other Current Assets N/A 65,224,000.00 68,265,000.00 80,744,000.00
Equity And Liabilities N/A 3,097,113,000.00 2,750,583,000.00 2,339,034,000.00
Equity 729,474,000.00 480,519,000.00 521,098,000.00 928,047,000.00
Issued Capital N/A 3,108,000.00 3,108,000.00 3,108,000.00
Retained Earnings N/A 411,087,000.00 338,112,000.00 684,167,000.00
Share Premium N/A 177,275,000.00 177,275,000.00 177,275,000.00
Additional Paidin Capital N/A 629,000.00 629,000.00 629,000.00
Equity Attributable To Owners Of Parent N/A 581,664,000.00 518,534,000.00 864,802,000.00
Noncontrolling Interests N/A -101,145,000.00 2,565,000.00 63,245,000.00
Liabilities N/A 2,616,594,000.00 2,229,485,000.00 1,410,988,000.00
Noncurrent Liabilities N/A 2,267,426,000.00 1,095,346,000.00 97,142,000.00
Noncurrent Recognised Liabilities Defined Benefit Plan N/A 236,000.00 0.00 N/A
Noncurrent Derivative Financial Liabilities N/A 7,158,000.00 0.00 N/A
Other Noncurrent Liabilities N/A 11,373,000.00 0.00 N/A
Longterm Borrowings N/A 2,193,798,000.00 1,044,199,000.00 43,169,000.00
Trade And Other Current Payables N/A N/A 48,234,000.00 30,022,000.00
Trade And Other Current Payables To Trade Suppliers N/A 48,061,000.00 48,234,000.00 N/A
Current Liabilities Other Than Liabilities Included In Disposal Groups Classified As Held For Sale N/A 349,168,000.00 293,474,000.00 1,201,480,000.00
Liabilities Included In Disposal Groups Classified As Held For Sale N/A 0.00 840,666,000.00 112,365,000.00
Current Derivative Financial Liabilities N/A 13,442,000.00 6,677,000.00 0.00
Other Current Liabilities N/A 117,813,000.00 140,929,000.00 177,707,000.00
Line item in (nok) 01.01.2020/
01.01.2021
01.01.2021/
01.01.2022
01.01.2022/
01.01.2023
Revenue From Rendering Of Cargo And Mail Transport Services 510,445,000.00 569,481,000.00 634,722,000.00
Other Income 20,315,000.00 18,317,000.00 283,826,000.00
Employee Benefits Expense 272,829,000.00 273,072,000.00 302,425,000.00
Depreciation Expense 207,628,000.00 207,961,000.00 142,907,000.00
Other Expense By Nature 126,817,000.00 136,014,000.00 121,910,000.00
Profit Loss From Operating Activities -202,398,000.00 108,633,000.00 551,423,000.00
Finance Income 116,124,000.00 10,502,000.00 14,421,000.00
Finance Costs 119,286,000.00 69,087,000.00 93,845,000.00
Profit Loss Before Tax -134,560,000.00 30,720,000.00 406,784,000.00
Income Tax Expense Continuing Operations -2,126,000.00 -16,000.00 49,000.00
Profit (loss) -132,434,000.00 30,737,000.00 406,736,000.00
Profit Loss Attributable To Owners Of Parent -123,569,000.00 -15,746,000.00 346,056,000.00
Profit Loss Attributable To Noncontrolling Interests -8,866,000.00 46,482,000.00 60,680,000.00
Line item in (nok) 01.01.2020 01.01.2021 01.01.2022 01.01.2023
Profit (loss) N/A -132,434,000.00 30,737,000.00 406,736,000.00
Income Taxes Paid Refund Classified As Operating Activities N/A 13,000.00 -74,000.00 135,000.00
Cash Flows From Used In Operating Activities N/A 247,491,000.00 151,261,000.00 208,861,000.00
Purchase Of Property Plant And Equipment Classified As Investing Activities N/A 144,941,000.00 93,135,000.00 103,410,000.00
Cash Advances And Loans Made To Other Parties Classified As Investing Activities N/A -67,482,000.00 -38,711,000.00 N/A
Cash Receipts From Repayment Of Advances And Loans Made To Other Parties Classified As Investing Activities N/A N/A 38,711,000.00 44,102,000.00
Cash Flows From Used In Investing Activities N/A -77,459,000.00 228,487,000.00 1,171,438,000.00
Repayments Of Borrowings Classified As Financing Activities N/A 52,303,000.00 420,514,000.00 965,921,000.00
Payments Of Lease Liabilities Classified As Financing Activities N/A 3,061,000.00 3,714,000.00 4,890,000.00
Interest Paid Classified As Financing Activities N/A 100,729,000.00 80,163,000.00 91,009,000.00
Cash Flows From Used In Financing Activities N/A -156,093,000.00 -480,824,000.00 -1,061,820,000.00
Effect Of Exchange Rate Changes On Cash And Cash Equivalents N/A 6,924,000.00 2,294,000.00 6,773,000.00
Increase (decrease) in cash and cash equivalents after effect of exchange rate changes N/A 20,863,000.00 -98,782,000.00 325,252,000.00
Cash and cash equivalents 408,320,000.00 429,183,000.00 330,401,000.00 655,653,000.00

Please note that some sums might not add up.

Filings & Publications

2021

Report
Q1
H1
Q3
FY
Consolidated Report
ENG
Corporate Governance Report
Company Presentation
Sustainability Report
Remuneration Report

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Capital markets information

ISIN

NO0010263023

LEI

5967007LIEEXZXFOMO31

Sector

Energy

Industry Group

Energy

Industry

Energy Equipment & Services

Sub-Industry

Oil & Gas Equipment & Services

Listed Stock Exchange

Oslo Børs

Main Stock Exchange

Contact Investor Relations department

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