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Skue Sparebank
Buy, Hold or Sell?

I guess you are interested in Skue Sparebank. Buy, hold or sell? I don't know! However, I do recommend doing research before doing anything. I will help you with that.

Let's analyse Skue Sparebank

Let's start. I'm going to help you getting a better view of Skue Sparebank. At the end you don't have to ask anyone for trading advice. You can make your own decision, with more confidence, the odds in your favor, backed by data.

  1. Company's Financial Health
    A deep dive into the books. How are the numbers doing? Is Skue Sparebank even making a profit? Is the company skyrocketing? Or is it sinking like the Titanic. The trend is your friend.
  2. Market Valuation
    Finally, you now have an insight of how Skue Sparebank is doing in the market. If the company is worth buying. The latest step is to find out how other investors value Skue Sparebank. The closing price on 2022-10-03 was kr204.00 per share. Is the company over- or underpriced?
  3. Key Performance Indicators
    A total overlook on how the company is doing. Based on the (trends in) the key performance indicators.
Skue Sparebank Daily Candlestick Chart


Summary

Financial Health

Profitability Details
 Compared to previous yearCompared to industry
The company is making a huge profit.
Using its assets, the company is inefficient in making profit.
Using its investors money, the company is inefficient in making profit.
Operating Efficiency Details
 Compared to previous yearCompared to industry
The company is operating very efficient.
The company is very efficient in keeping operating costs low.
Liquidity Details
 Compared to previous yearCompared to industry
The company is unable to pay all its short-term debts.
The company is just not able to pay all its short-term debts with the most liquid assets.
Solvency Details
 Compared to previous yearCompared to industry
The company is just able to pay all its debts by selling its assets.
The company is unable to pay all its debts with equity.

1.1. Profitability of Skue Sparebank.

1.1. Profitability

An important factor of a company's health is the profitability.

1.1.1. Net Profit Margin

Measures how much net profit Skue Sparebank earns for each kr1 of revenue.

  • Above 10% is considered healthy but always compare Skue Sparebank to the Banks-Regional industry mean.
  • A Net Profit Margin of 41.6% means that kr0.42 for each kr1 in revenue is generated as profit.

Let's take a look of the Net Profit Margin trends of Skue Sparebank:

  • The MRQ is 52.9%. The company is making a huge profit. +2
  • The TTM is 41.6%. The company is making a huge profit. +2
Trends
Current periodCompared to+/- 
MRQ52.9%TTM41.6%+11.3%
TTM41.6%YOY35.7%+5.9%
TTM41.6%5Y37.6%+4.0%
5Y37.6%10Y31.4%+6.2%
Compared to industry (Banks-Regional)
PeriodCompanyIndustry (mean)+/- 
MRQ52.9%28.8%+24.1%
TTM41.6%27.9%+13.7%
YOY35.7%26.4%+9.3%
5Y37.6%23.0%+14.6%
10Y31.4%20.9%+10.5%
1.1.2. Return on Assets

Shows how efficient Skue Sparebank is using its assets to generate profit.

  • Above 5% is considered healthy but always compare Skue Sparebank to the Banks-Regional industry mean.
  • 0.3% Return on Assets means that Skue Sparebank generated kr0.00 profit for each $1 in assets.

Let's take a look of the Return on Assets trends of Skue Sparebank:

  • The MRQ is 0.4%. Using its assets, the company is inefficient in making profit. -1
  • The TTM is 0.3%. Using its assets, the company is inefficient in making profit. -1
Trends
Current periodCompared to+/- 
MRQ0.4%TTM0.3%+0.1%
TTM0.3%YOY0.2%+0.0%
TTM0.3%5Y0.2%+0.0%
5Y0.2%10Y0.2%+0.0%
Compared to industry (Banks-Regional)
PeriodCompanyIndustry (mean)+/- 
MRQ0.4%0.3%+0.1%
TTM0.3%0.3%0.0%
YOY0.2%0.3%-0.1%
5Y0.2%0.3%-0.1%
10Y0.2%0.2%+0.0%
1.1.3. Return on Equity

Shows how efficient Skue Sparebank is using its investors money to generate profit.

  • Above 15%-20% is considered healthy but always compare Skue Sparebank to the Banks-Regional industry mean.
  • 3.3% Return on Equity means the company generated kr0.03 for each kr1 the owners (shareholders) invested.

Let's take a look of the Return on Equity trends of Skue Sparebank:

  • The MRQ is 3.3%. Using its investors money, the company is inefficient in making profit. -1
  • The TTM is 2.2%. Using its investors money, the company is inefficient in making profit. -1
Trends
Current periodCompared to+/- 
MRQ3.3%TTM2.2%+1.1%
TTM2.2%YOY2.0%+0.2%
TTM2.2%5Y2.2%+0.0%
5Y2.2%10Y2.2%+0.0%
Compared to industry (Banks-Regional)
PeriodCompanyIndustry (mean)+/- 
MRQ3.3%2.8%+0.5%
TTM2.2%2.6%-0.4%
YOY2.0%2.5%-0.5%
5Y2.2%2.4%-0.2%
10Y2.2%2.3%-0.1%

1.2. Operating Efficiency of Skue Sparebank.

1.2. Operating Efficiency
1.2.1. Operating Margin

Measures how efficient Skue Sparebank is operating .

  • Measures how much profit Skue Sparebank makes for each kr1 of sales after paying variable costs (production costs, wages, etc) but before taxes.
  • Above 15% is considered healthy but always compare Skue Sparebank to the Banks-Regional industry mean.
  • An Operating Margin of 0.0% means the company generated kr0.00  for each kr1 in revenue (before taxes).

Let's take a look of the Operating Margin trends of Skue Sparebank:

  • The MRQ is 0.0%. The data is not here.
Trends
Current periodCompared to+/- 
MRQ-TTM37.2%-37.2%
TTM37.2%YOY70.2%-33.0%
TTM37.2%5Y81.1%-43.9%
5Y81.1%10Y98.4%-17.2%
Compared to industry (Banks-Regional)
PeriodCompanyIndustry (mean)+/- 
MRQ-44.9%-44.9%
TTM37.2%44.7%-7.5%
YOY70.2%46.0%+24.2%
5Y81.1%36.1%+45.0%
10Y98.4%30.8%+67.6%
1.2.2. Operating Ratio

Measures how efficient Skue Sparebank is keeping operating costs low.

  • Below 1 is considered healthy (always compare to Banks-Regional industry mean).
  • An Operation Ratio of 0.00 means that the operating costs are kr0.00 for each kr1 in net sales.

Let's take a look of the Operating Ratio trends of Skue Sparebank:

  • The MRQ is 0.000. The data is not here.
Trends
Current periodCompared to+/- 
MRQ-TTM0.271-0.271
TTM0.271YOY0.600-0.330
TTM0.2715Y0.469-0.198
5Y0.46910Y0.527-0.059
Compared to industry (Banks-Regional)
PeriodCompanyIndustry (mean)+/- 
MRQ-0.074-0.074
TTM0.2710.196+0.075
YOY0.6000.337+0.263
5Y0.4690.393+0.076
10Y0.5270.401+0.126

1.3. Liquidity of Skue Sparebank.

1.3. Liquidity
1.3.1. Current Ratio

Measures if Skue Sparebank is able to pay off Short-term Debt.

  • Above 1.5 is considered healthy (always compare to Banks-Regional industry mean).
  • A Current Ratio of 0.21 means the company has kr0.21 in assets for each kr1 in short-term debts.

Let's take a look of the Current Ratio trends of Skue Sparebank:

  • The MRQ is 0.206. The company is unable to pay all its short-term debts. -2
  • The TTM is 0.224. The company is unable to pay all its short-term debts. -2
Trends
Current periodCompared to+/- 
MRQ0.206TTM0.224-0.018
TTM0.224YOY1.261-1.037
TTM0.2245Y1.048-0.824
5Y1.04810Y0.612+0.435
Compared to industry (Banks-Regional)
PeriodCompanyIndustry (mean)+/- 
MRQ0.2060.237-0.031
TTM0.2240.327-0.103
YOY1.2610.351+0.910
5Y1.0480.311+0.737
10Y0.6120.266+0.346
1.3.2. Quick Ratio

Measures if Skue Sparebank is able to pay off Short-term Debt but only using the most liquid assets.

  • Above 1 is considered healthy (always compare to Banks-Regional industry mean)
  • A Quick Ratio of 0.00 means the company can pay off kr0.00 for each kr1 in debt (using most liquid assets).

Let's take a look of the Quick Ratio trends of Skue Sparebank:

  • The MRQ is 0.000. The data is not here.
Trends
Current periodCompared to+/- 
MRQ-TTM0.005-0.005
TTM0.005YOY0.011-0.006
TTM0.0055Y0.012-0.007
5Y0.01210Y0.007+0.005
Compared to industry (Banks-Regional)
PeriodCompanyIndustry (mean)+/- 
MRQ-0.243-0.243
TTM0.0050.170-0.165
YOY0.0110.161-0.150
5Y0.0120.126-0.114
10Y0.0070.095-0.088

1.4. Solvency of Skue Sparebank.

1.3. Liquidity
1.4.1. Debt to Asset Ratio

Measures how much % of Skue Sparebank assets are financed with debt.

  • Below 1 (100%) is considered healthy (always compare to Banks-Regional industry mean).
  • A Debt to Asset Ratio of 0.88 means that Skue Sparebank assets are financed with 88.4% credit (debt) and the remaining percentage (100% - 88.4%) is financed by its owners/shareholders.

Let's take a look of the Debt to Asset Ratio trends of Skue Sparebank:

  • The MRQ is 0.884. The company is just able to pay all its debts by selling its assets.
  • The TTM is 0.885. The company is just able to pay all its debts by selling its assets.
Trends
Current periodCompared to+/- 
MRQ0.884TTM0.885-0.001
TTM0.885YOY0.886-0.001
TTM0.8855Y0.890-0.006
5Y0.89010Y0.903-0.013
Compared to industry (Banks-Regional)
PeriodCompanyIndustry (mean)+/- 
MRQ0.8840.908-0.024
TTM0.8850.905-0.020
YOY0.8860.908-0.022
5Y0.8900.906-0.016
10Y0.9030.907-0.004
1.4.2. Debt to Equity Ratio

Measures if Skue Sparebank is able to pay off its debts by using shareholders equity.

  • Below 2 is considered healthy (always compare to Banks-Regional industry mean).
  • A Debt to Equity ratio of 762.7% means that company has kr7.63 debt for each kr1 in shareholders equity.

Let's take a look of the Debt to Equity Ratio trends of Skue Sparebank:

  • The MRQ is 7.627. The company is unable to pay all its debts with equity. -1
  • The TTM is 7.682. The company is unable to pay all its debts with equity. -1
Trends
Current periodCompared to+/- 
MRQ7.627TTM7.682-0.055
TTM7.682YOY7.755-0.073
TTM7.6825Y8.145-0.463
5Y8.14510Y9.661-1.516
Compared to industry (Banks-Regional)
PeriodCompanyIndustry (mean)+/- 
MRQ7.6279.913-2.286
TTM7.6829.546-1.864
YOY7.7559.044-1.289
5Y8.1459.044-0.899
10Y9.6618.966+0.695

2. Market Valuation of Skue Sparebank

2. Earnings
2.1. Price to Earnings Ratio

Measures how many years it takes to double your invested money in Skue Sparebank.

  • Above 15 is considered overpriced but is hard to determine (always use industry average).
  • A PE ratio of 12.30 means the investor is paying kr12.30 for every kr1 in earnings.

Let's take a look of the Price to Earnings Ratio trends of Skue Sparebank:

  • The EOD is 11.409. Good. +1
  • The MRQ is 12.304. Good. +1
  • The TTM is 12.688. Good. +1
Trends
Current periodCompared to+/- 
EOD11.409MRQ12.304-0.895
MRQ12.304TTM12.688-0.384
TTM12.688YOY10.476+2.213
TTM12.6885Y9.191+3.497
5Y9.19110Y6.908+2.283
Compared to industry (Banks-Regional)
PeriodCompanyIndustry (mean)+/- 
EOD11.4099.385+2.024
MRQ12.3049.599+2.705
TTM12.6889.932+2.756
YOY10.47610.077+0.399
5Y9.19111.560-2.369
10Y6.90811.648-4.740
2.2. Price Earnings to Growth Ratio

Measures the predicted future growth of Skue Sparebank.

  • Lower is better
  • A PEG ratio of 1 means the investor is paying a fair price for the stock

Let's take a look of the Price Earnings to Growth Ratio trends of Skue Sparebank:

  • The MRQ is -4.509. Very Bad. -2
  • The TTM is 0.319. Very good. +2
Trends
Current periodCompared to+/- 
MRQ-4.509TTM0.319-4.828
TTM0.319YOY-0.305+0.624
TTM0.3195Y-0.851+1.170
5Y-0.85110Y-0.441-0.410
Compared to industry (Banks-Regional)
PeriodCompanyIndustry (mean)+/- 
MRQ-4.5090.075-4.584
TTM0.3190.088+0.231
YOY-0.3050.004-0.309
5Y-0.8510.059-0.910
10Y-0.4410.089-0.530

2. Books
2.3. Price to Book Ratio

Measures if the stock price of Skue Sparebank is to cheap or to expensive compared to its book value.

  • At or below 1 is considered healthy (always compare to Banks-Regional industry mean).
  • A PB ratio of 0.24 means the investor is paying kr0.24 for each kr1 in book value.

Let's take a look of the Price to Book Ratio trends of Skue Sparebank:

  • The EOD is 0.223. Very good. +2
  • The MRQ is 0.240. Very good. +2
  • The TTM is 1.102. Good. +1
Trends
Current periodCompared to+/- 
EOD0.223MRQ0.240-0.017
MRQ0.240TTM1.102-0.861
TTM1.102YOY0.216+0.886
TTM1.1025Y0.419+0.682
5Y0.41910Y0.332+0.087
Compared to industry (Banks-Regional)
PeriodCompanyIndustry (mean)+/- 
EOD0.2230.968-0.745
MRQ0.2400.982-0.742
TTM1.1021.016+0.086
YOY0.2160.795-0.579
5Y0.4190.931-0.512
10Y0.3320.827-0.495

3. Summary

3.1. Key Performance Indicators

The key performance indicators of Skue Sparebank compared to the Most Recent Quarter (MRQ).

 End of day+/-Most Recent QuarterTrailing 12 Months+/-Year-Over-Year+/-5 Year+/-10 Year+/-
Book Value Per Share--915.557678.986+35%788.391+16%612.501+49%472.044+94%
Book Value Per Share Growth--11.89022.378-47%71.113-83%21.417-44%18.909-37%
Current Ratio--0.2060.224-8%1.261-84%1.048-80%0.612-66%
Debt To Asset Ratio--0.8840.8850%0.8860%0.890-1%0.903-2%
Debt To Equity Ratio--7.6277.682-1%7.755-2%8.145-6%9.661-21%
Dividend Per Share--11.0007.100+55%6.000+83%5.577+97%3.339+229%
Eps--8.6244.470+93%4.595+88%4.504+91%4.606+87%
Eps Growth---2.7293.186-186%-11.436+319%-0.178-93%13.204-121%
Gains Per Share--22.89029.477-22%77.113-70%26.994-15%22.248+3%
Gross Profit Margin--1.0001.0000%1.0000%1.0000%1.0000%
Net Profit Margin--0.5290.416+27%0.357+48%0.376+41%0.314+69%
Operating Margin---0.372-100%0.702-100%0.811-100%0.984-100%
Operating Ratio---0.271-100%0.600-100%0.469-100%0.527-100%
Pb Ratio0.223-8%0.2401.102-78%0.216+11%0.419-43%0.332-28%
Pe Ratio11.409-8%12.30412.688-3%10.476+17%9.191+34%6.908+78%
Peg Ratio---4.5090.319-1514%-0.305-93%-0.851-81%-0.441-90%
Price Per Share204.000-8%220.000213.250+3%170.500+29%159.525+38%118.413+86%
Quick Ratio---0.005-100%0.011-100%0.012-100%0.007-100%
Return On Assets--0.0040.003+53%0.002+69%0.002+62%0.002+84%
Return On Equity--0.0330.022+52%0.020+66%0.022+53%0.022+54%
 EOD+3 -0MRQTTM+12 -7YOY+11 -85Y+11 -810Y+12 -7

3.2. Fundamental Score

Let's check the fundamental score of Skue Sparebank based on Penke's default stock scanner.

Penke's Stock Scanner

  
  
IndicatorConditionValue
Price to Earnings Ratio (EOD)Between0-1511.409
Price to Book Ratio (EOD)Between0-10.223
Net Profit Margin (MRQ)Greater than00.529
Operating Margin (MRQ)Greater than00.000
Quick Ratio (MRQ)Greater than10.000
Current Ratio (MRQ)Greater than10.206
Debt to Asset Ratio (MRQ)Less than10.884
Debt to Equity Ratio (MRQ)Less than17.627
Return on Equity (MRQ)Greater than0.150.033
Return on Assets (MRQ)Greater than0.050.004
Total4/10 (40.0%)

3.3. Technical Score

Let's check the technical score of Skue Sparebank based on Penke's default Symbol scanner.

Penke's Symbol Scanner

  
  
IndicatorConditionValue
RsiGreater than5029.006
Ma 20Greater thanMa 50212.500
Ma 50Greater thanMa 100216.560
Ma 100Greater thanMa 200217.640
OpenGreater thanClose202.000
Total0/5 (0.0%)



Latest Balance Sheet

Balance Sheet of 2022-06-30. Currency in NOK. All numbers in thousands.

Summary
Total Assets16,525,571
Total Liabilities14,609,992
Total Stockholder Equity1,915,579
 As reported
Total Liabilities 14,609,992
Total Stockholder Equity+ 1,915,579
Total Assets = 16,525,571

Assets

Total Assets16,525,571
Total Current Assets2,213,981
Long-term Assets2,213,981
Total Current Assets
Cash And Cash Equivalents 91,604
Total Current Assets  (as reported)2,213,981
Total Current Assets  (calculated)91,604
+/- 2,122,377
Long-term Assets
Property Plant Equipment 116,529
Long Term Investments 2,521,528
Long-term Assets  (as reported)0
Long-term Assets  (calculated)2,638,057
+/- 2,638,057

Liabilities & Shareholders' Equity

Total Current Liabilities10,771,224
Long-term Liabilities-
Total Stockholder Equity1,915,579
Total Current Liabilities
Accounts payable 10,745,319
Other Current Liabilities 22,009
Total Current Liabilities  (as reported)10,771,224
Total Current Liabilities  (calculated)10,767,328
+/- 3,896
Long-term Liabilities
Long-term Liabilities  (as reported)0
Long-term Liabilities  (calculated)0
+/-0
Total Stockholder Equity
Common Stock62,767
Retained Earnings 1,426,502
Other Stockholders Equity 281,781
Total Stockholder Equity (as reported)1,915,579
Total Stockholder Equity (calculated)1,771,050
+/- 144,529
Other
Capital Stock62,767
Common Stock Shares Outstanding 2,092
Net Debt 3,645,897
Net Invested Capital 5,653,080
Net Tangible Assets 1,915,302



Balance Sheet

Currency in NOK. All numbers in thousands.

 Trend2022-06-302022-03-312021-12-312021-09-302021-06-302021-03-312020-12-312020-09-302020-06-302020-03-312019-12-312019-09-302019-06-302019-03-312018-12-312018-09-302018-06-302018-03-312017-12-312017-09-302017-06-302017-03-312016-12-312016-09-302016-06-302016-03-312015-12-312015-09-302015-06-302015-03-312014-12-312014-09-302014-06-302014-03-312013-12-312013-09-302013-06-302013-03-312012-12-312012-09-302012-06-302012-03-312011-12-312011-09-302011-06-302011-03-312010-12-312010-09-302010-06-302010-03-312009-12-312009-09-302009-06-302009-03-312008-12-312008-09-302008-06-302008-03-312007-12-312007-09-302007-06-302007-03-312006-12-312006-09-302006-06-302006-03-312005-12-312005-09-302005-06-302005-03-312004-12-312004-09-302004-06-302004-03-312003-12-312003-06-30
> Total Assets 
2,168,687
2,202,022
2,277,666
2,443,017
2,498,422
2,551,840
2,591,449
2,723,469
3,018,808
3,055,640
3,273,652
3,453,022
3,569,879
3,714,807
3,835,346
4,143,949
4,213,961
4,466,068
4,573,134
4,756,821
4,924,087
5,219,674
5,252,795
5,245,906
4,937,983
5,121,200
4,983,563
4,927,938
5,126,698
5,218,774
5,161,147
5,287,844
5,201,658
5,285,675
5,132,752
5,360,348
5,582,738
5,648,542
5,654,592
5,332,849
5,471,968
7,606,327
7,609,881
7,995,415
8,067,704
7,977,627
7,942,233
8,008,509
8,067,428
8,261,806
8,128,683
8,600,279
8,759,227
8,800,538
8,669,915
8,899,029
8,867,384
8,988,833
9,068,809
9,402,970
9,548,274
9,789,605
9,829,590
10,235,515
10,412,476
10,516,474
10,614,142
10,737,385
13,776,378
14,306,053
14,600,614
15,085,191
15,614,538
15,545,367
16,168,149
16,525,571
16,525,57116,168,14915,545,36715,614,53815,085,19114,600,61414,306,05313,776,37810,737,38510,614,14210,516,47410,412,47610,235,5159,829,5909,789,6059,548,2749,402,9709,068,8098,988,8338,867,3848,899,0298,669,9158,800,5388,759,2278,600,2798,128,6838,261,8068,067,4288,008,5097,942,2337,977,6278,067,7047,995,4157,609,8817,606,3275,471,9685,332,8495,654,5925,648,5425,582,7385,360,3485,132,7525,285,6755,201,6585,287,8445,161,1475,218,7745,126,6984,927,9384,983,5635,121,2004,937,9835,245,9065,252,7955,219,6744,924,0874,756,8214,573,1344,466,0684,213,9614,143,9493,835,3463,714,8073,569,8793,453,0223,273,6523,055,6403,018,8082,723,4692,591,4492,551,8402,498,4222,443,0172,277,6662,202,0222,168,687
   > Total Current Assets 
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
4,513,260
4,193,492
4,218,296
4,417,926
4,469,356
4,416,115
4,520,708
4,316,147
4,360,421
4,385,448
4,587,238
4,735,368
4,802,930
4,688,960
4,572,583
4,742,710
6,640,613
6,550,974
6,708,349
6,654,428
6,632,145
6,590,658
6,727,041
6,689,188
6,916,772
7,135,713
7,656,738
7,682,313
7,740,420
7,623,301
7,675,875
7,637,300
7,778,142
7,876,529
8,174,860
8,319,819
8,531,625
8,555,320
8,953,586
8,860,825
9,080,647
9,174,355
9,359,783
11,830,298
12,092,324
12,398,688
12,492,047
2,358,221
2,596,691
2,311,899
2,213,981
2,213,9812,311,8992,596,6912,358,22112,492,04712,398,68812,092,32411,830,2989,359,7839,174,3559,080,6478,860,8258,953,5868,555,3208,531,6258,319,8198,174,8607,876,5297,778,1427,637,3007,675,8757,623,3017,740,4207,682,3137,656,7387,135,7136,916,7726,689,1886,727,0416,590,6586,632,1456,654,4286,708,3496,550,9746,640,6134,742,7104,572,5834,688,9604,802,9304,735,3684,587,2384,385,4484,360,4214,316,1474,520,7084,416,1154,469,3564,417,9264,218,2964,193,4924,513,2600000000000000000000000000
       Cash And Cash Equivalents 
22,485
18,333
74,448
21,704
21,544
35,758
85,795
22,717
29,236
37,377
37,294
38,900
38,405
51,325
60,531
69,590
70,797
93,203
156,328
150,538
151,048
21,341
354,828
247,280
247,581
249,885
98,766
49,349
97,863
141,000
18,909
72,837
69,106
38,194
42,207
64,683
67,971
227,011
102,468
111,392
280,609
77,661
77,699
177,777
134,380
217,398
90,759
80,945
80,452
85,120
85,074
88,165
84,739
86,458
79,981
121,981
84,569
88,724
87,350
88,582
89,492
87,337
87,184
90,780
91,111
87,360
91,427
89,231
96,577
94,719
90,968
91,327
90,603
89,441
87,640
91,604
91,60487,64089,44190,60391,32790,96894,71996,57789,23191,42787,36091,11190,78087,18487,33789,49288,58287,35088,72484,569121,98179,98186,45884,73988,16585,07485,12080,45280,94590,759217,398134,380177,77777,69977,661280,609111,392102,468227,01167,97164,68342,20738,19469,10672,83718,909141,00097,86349,34998,766249,885247,581247,280354,82821,341151,048150,538156,32893,20370,79769,59060,53151,32538,40538,90037,29437,37729,23622,71785,79535,75821,54421,70474,44818,33322,485
       Short-term Investments 
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
210,663
0
0
0
232,817
0
0
0
121,726
0
0
0
20,144
0
0
0
209,375
0
0
0
50,100
0
0
0
188,971
0
0
0
58,946
0
0
0
59,942
0
0
0
65,826
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
00000000000000000065,82600059,94200058,946000188,97100050,100000209,37500020,144000121,726000232,817000210,663000000000000000000000
       Net Receivables 
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
5,156
0
0
0
5,242
13,971
12,121
14,968
6,480
16,174
10,567
15,637
9,290
17,360
14,659
16,213
8,695
0
0
008,69516,21314,65917,3609,29015,63710,56716,1746,48014,96812,12113,9715,2420005,156000000000000000000000000000000000000000000000000000000000
       Other Current Assets 
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
4,263,375
4,094,726
4,168,947
4,320,063
4,328,356
4,397,206
4,447,871
4,247,041
4,322,227
4,343,241
4,522,555
4,667,397
4,575,919
4,586,492
4,461,191
4,462,101
6,562,952
6,473,275
6,530,572
6,520,048
6,414,747
6,499,899
6,646,096
6,608,736
6,831,652
7,050,639
7,568,573
7,597,574
7,653,962
7,543,320
7,553,894
7,552,731
7,684,262
7,789,179
8,086,278
8,230,327
8,439,046
8,454,165
8,850,685
8,754,746
8,986,807
9,066,754
9,259,985
11,718,084
11,988,315
12,290,360
12,386,061
16,213
78,406
19,969
13,765,826
13,765,82619,96978,40616,21312,386,06112,290,36011,988,31511,718,0849,259,9859,066,7548,986,8078,754,7468,850,6858,454,1658,439,0468,230,3278,086,2787,789,1797,684,2627,552,7317,553,8947,543,3207,653,9627,597,5747,568,5737,050,6396,831,6526,608,7366,646,0966,499,8996,414,7476,520,0486,530,5726,473,2756,562,9524,462,1014,461,1914,586,4924,575,9194,667,3974,522,5554,343,2414,322,2274,247,0414,447,8714,397,2064,328,3564,320,0634,168,9474,094,7264,263,3750000000000000000000000000
   > Long-term Assets 
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
607,940
790,071
709,642
708,772
749,418
745,032
767,136
885,511
925,254
747,304
773,110
847,370
845,612
965,632
760,266
729,258
965,714
1,058,907
1,287,066
1,413,276
1,345,482
1,351,575
1,281,468
1,378,240
1,345,034
992,970
943,541
1,076,914
1,060,118
1,046,614
1,223,154
1,230,084
1,210,691
1,192,280
1,228,110
1,228,455
1,257,980
1,274,270
1,281,929
1,551,651
1,435,827
1,439,787
1,377,602
1,946,080
2,213,729
2,201,926
2,593,144
0
2,749,435
0
0
002,749,43502,593,1442,201,9262,213,7291,946,0801,377,6021,439,7871,435,8271,551,6511,281,9291,274,2701,257,9801,228,4551,228,1101,192,2801,210,6911,230,0841,223,1541,046,6141,060,1181,076,914943,541992,9701,345,0341,378,2401,281,4681,351,5751,345,4821,413,2761,287,0661,058,907965,714729,258760,266965,632845,612847,370773,110747,304925,254885,511767,136745,032749,418708,772709,642790,071607,9400000000000000000000000000
       Property Plant Equipment 
67,377
53,109
54,895
55,919
56,034
52,930
59,214
65,485
70,506
69,538
72,006
74,567
76,213
64,090
64,545
64,274
62,583
39,897
66,064
65,819
66,713
37,021
73,436
73,225
60,182
33,919
56,802
57,634
55,413
33,428
53,553
52,932
53,442
31,906
51,850
51,574
50,581
29,682
48,686
48,378
48,722
76,970
97,087
93,343
93,001
76,629
91,513
90,176
89,637
76,230
93,148
93,614
93,916
77,047
93,767
96,411
97,686
84,061
83,098
82,118
78,112
67,478
94,479
78,571
77,688
76,475
75,068
74,199
125,881
124,084
122,510
121,385
119,862
118,842
117,964
116,529
116,529117,964118,842119,862121,385122,510124,084125,88174,19975,06876,47577,68878,57194,47967,47878,11282,11883,09884,06197,68696,41193,76777,04793,91693,61493,14876,23089,63790,17691,51376,62993,00193,34397,08776,97048,72248,37848,68629,68250,58151,57451,85031,90653,44252,93253,55333,42855,41357,63456,80233,91960,18273,22573,43637,02166,71365,81966,06439,89762,58364,27464,54564,09076,21374,56772,00669,53870,50665,48559,21452,93056,03455,91954,89553,10967,377
       Goodwill 
0
0
0
0
0
3,850
0
0
0
3,915
0
0
0
2,322
0
0
0
2,322
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
00000000000000000000000000000000000000000000000000000000002,3220002,3220003,9150003,85000000
       Long Term Investments 
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
509,026
181,431
195,763
199,157
481,095
433,490
490,777
231,101
196,390
1,176,591
1,200,454
1,471,356
1,357,041
1,362,704
1,301,684
1,818,762
453,946
2,078,400
2,470,899
2,588,336
2,630,040
2,649,804
2,521,528
2,521,5282,649,8042,630,0402,588,3362,470,8992,078,400453,9461,818,7621,301,6841,362,7041,357,0411,471,3561,200,4541,176,591196,390231,101490,777433,490481,095199,157195,763181,431509,02600000000000000000000000000000000000000000000000000000
       Intangible Assets 
3,736
0
0
0
0
3,850
3,915
3,850
3,850
3,915
12,856
12,856
11,527
2,322
9,357
9,227
9,357
8,078
8,078
8,078
5,821
3,921
3,550
3,013
2,476
2,309
1,716
1,414
1,133
814
832
898
1,001
1,033
1,143
1,456
1,638
1,732
1,780
2,280
2,383
3,622
3,622
3,416
3,770
4,323
4,241
4,501
4,617
5,142
4,950
5,354
5,162
5,601
5,395
5,191
4,988
4,789
4,450
4,116
3,797
3,496
3,200
2,904
2,607
2,311
0
0
1,437
1,172
1,016
860
704
553
0
0
005537048601,0161,1721,437002,3112,6072,9043,2003,4963,7974,1164,4504,7894,9885,1915,3955,6015,1625,3544,9505,1424,6174,5014,2414,3233,7703,4163,6223,6222,3832,2801,7801,7321,6381,4561,1431,0331,0018988328141,1331,4141,7162,3092,4763,0133,5503,9215,8218,0788,0788,0789,3579,2279,3572,32211,52712,85612,8563,9153,8503,8503,9153,85000003,736
       Earning Assets 
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
1,388,670
1,648,314
1,636,642
1,980,958
2,170,728
2,167,217
0
0
002,167,2172,170,7281,980,9581,636,6421,648,3141,388,67000000000000000000000000000000000000000000000000000000000000000000000
> Total Liabilities 
2,036,995
2,023,849
2,098,173
2,259,722
2,311,982
2,368,075
2,403,078
2,535,201
2,823,631
2,856,529
3,068,743
3,196,980
3,310,531
3,439,859
3,567,563
3,866,429
3,928,205
4,177,725
4,298,963
4,476,542
4,636,938
4,956,074
4,988,477
4,972,243
4,654,885
4,802,721
4,671,556
4,615,931
4,812,519
4,874,983
4,827,226
4,951,657
4,865,471
4,935,773
4,789,190
5,027,302
5,214,510
5,271,084
5,272,880
4,969,945
5,124,688
6,996,981
6,993,174
7,361,963
7,420,366
7,313,192
7,273,832
7,314,140
7,372,664
7,522,881
7,338,370
7,779,292
7,887,580
7,904,297
7,775,582
7,973,307
7,922,862
8,032,786
8,109,385
8,408,443
8,538,195
8,741,902
8,780,467
9,167,240
9,319,328
9,391,395
9,480,596
9,604,233
12,191,344
12,673,207
12,948,733
13,356,892
13,857,688
13,750,786
14,277,446
14,609,992
14,609,99214,277,44613,750,78613,857,68813,356,89212,948,73312,673,20712,191,3449,604,2339,480,5969,391,3959,319,3289,167,2408,780,4678,741,9028,538,1958,408,4438,109,3858,032,7867,922,8627,973,3077,775,5827,904,2977,887,5807,779,2927,338,3707,522,8817,372,6647,314,1407,273,8327,313,1927,420,3667,361,9636,993,1746,996,9815,124,6884,969,9455,272,8805,271,0845,214,5105,027,3024,789,1904,935,7734,865,4714,951,6574,827,2264,874,9834,812,5194,615,9314,671,5564,802,7214,654,8854,972,2434,988,4774,956,0744,636,9384,476,5424,298,9634,177,7253,928,2053,866,4293,567,5633,439,8593,310,5313,196,9803,068,7432,856,5292,823,6312,535,2012,403,0782,368,0752,311,9822,259,7222,098,1732,023,8492,036,995
   > Total Current Liabilities 
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
6,639,963
6,356,790
6,540,741
6,494,875
6,632,173
6,532,917
6,638,326
6,622,042
7,115,614
6,534,958
6,950,815
7,105,147
7,306,567
6,860,291
6,923,806
9,183,210
9,823,496
9,671,671
10,062,751
10,297,695
10,799,175
10,469,571
10,771,224
10,771,22410,469,57110,799,17510,297,69510,062,7519,671,6719,823,4969,183,2106,923,8066,860,2917,306,5677,105,1476,950,8156,534,9587,115,6146,622,0426,638,3266,532,9176,632,1736,494,8756,540,7416,356,7906,639,96300000000000000000000000000000000000000000000000000000
       Short-term Debt 
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
1,418,185
1,383,053
1,395,689
1,395,667
1,632
1,534,740
1,735,986
0
372,624
0
0
0
0
0
0
0
0
0
0
0
0
0
0
00000000000000372,62401,735,9861,534,7401,6321,395,6671,395,6891,383,0531,418,18500000000000000000000000000000000000000000000000000000
       Short Long Term Debt 
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
1,418,185
1,383,053
1,395,689
1,395,667
1,632
1,534,740
1,735,986
0
372,624
0
0
0
0
0
0
0
0
0
0
0
0
0
0
00000000000000372,62401,735,9861,534,7401,6321,395,6671,395,6891,383,0531,418,18500000000000000000000000000000000000000000000000000000
       Accounts payable 
0
4,079
0
0
0
1,631
0
0
0
4,443
0
0
0
4,529
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
6,428,658
6,314,886
6,487,644
6,421,771
6,570,065
6,513,608
6,614,179
6,593,835
6,689,982
6,519,503
6,930,152
7,076,774
6,997,284
6,829,393
6,902,123
9,157,036
9,381,311
9,650,902
10,034,000
10,258,881
10,325,530
10,457,574
10,745,319
10,745,31910,457,57410,325,53010,258,88110,034,0009,650,9029,381,3119,157,0366,902,1236,829,3936,997,2847,076,7746,930,1526,519,5036,689,9826,593,8356,614,1796,513,6086,570,0656,421,7716,487,6446,314,8866,428,6580000000000000000000000000000000000000004,5290004,4430001,6310004,0790
       Other Current Liabilities 
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
17,017
9,061
7,787
13,636
25,020
8,759
14,889
20,324
26,798
7,338
14,324
22,521
28,467
22,316
13,307
17,790
15,095
15,548
25,482
36,472
43,177
10,829
22,009
22,00910,82943,17736,47225,48215,54815,09517,79013,30722,31628,46722,52114,3247,33826,79820,32414,8898,75925,02013,6367,7879,06117,01700000000000000000000000000000000000000000000000000000
   > Long-term Liabilities 
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
894,879
806,401
706,667
856,377
1,042,924
925,507
985,707
936,275
192,184
1,011,459
1,261,428
1,657,267
1,566,693
209,919
205,275
122,199
1,337,380
1,467,241
1,497,505
1,415,080
1,314,906
1,284,314
1,402,737
1,364,125
1,301,128
1,220,840
1,480,956
1,435,440
1,400,712
1,365,754
1,381,021
1,380,700
1,381,888
1,525,784
1,726,728
1,876,857
1,979,249
2,178,787
2,177,738
2,178,371
2,326,720
2,581,642
2,630,562
2,948,133
3,194,602
3,199,649
3,194,230
3,473,252
3,304,315
0
0
003,304,3153,473,2523,194,2303,199,6493,194,6022,948,1332,630,5622,581,6422,326,7202,178,3712,177,7382,178,7871,979,2491,876,8571,726,7281,525,7841,381,8881,380,7001,381,0211,365,7541,400,7121,435,4401,480,9561,220,8401,301,1281,364,1251,402,7371,284,3141,314,9061,415,0801,497,5051,467,2411,337,380122,199205,275209,9191,566,6931,657,2671,261,4281,011,459192,184936,275985,707925,5071,042,924856,377706,667806,401894,8790000000000000000000000000
       Long term Debt Total 
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
160,376
159,853
189,260
188,882
167,808
167,310
0
0
00167,310167,808188,882189,260159,853160,37600000000000000000000000000000000000000000000000000000000000000000000
> Total Stockholder Equity
131,692
178,123
179,443
183,245
186,290
183,350
188,081
187,997
194,814
198,947
204,657
255,878
259,348
274,948
267,683
277,407
285,672
288,343
274,171
280,279
287,149
263,600
264,318
273,663
283,098
318,479
312,007
312,007
314,179
343,791
333,921
336,187
336,187
349,902
343,562
333,046
368,228
377,458
381,712
362,904
347,280
607,691
615,067
631,824
647,338
664,435
668,401
694,369
694,764
738,925
790,313
820,987
871,647
896,241
894,333
925,722
944,522
956,047
959,424
994,527
1,010,079
1,047,703
1,049,123
1,068,275
1,093,148
1,125,079
1,133,546
1,133,152
1,585,034
1,632,846
1,651,881
1,728,299
1,756,850
1,794,581
1,890,703
1,915,579
1,915,5791,890,7031,794,5811,756,8501,728,2991,651,8811,632,8461,585,0341,133,1521,133,5461,125,0791,093,1481,068,2751,049,1231,047,7031,010,079994,527959,424956,047944,522925,722894,333896,241871,647820,987790,313738,925694,764694,369668,401664,435647,338631,824615,067607,691347,280362,904381,712377,458368,228333,046343,562349,902336,187336,187333,921343,791314,179312,007312,007318,479283,098273,663264,318263,600287,149280,279274,171288,343285,672277,407267,683274,948259,348255,878204,657198,947194,814187,997188,081183,350186,290183,245179,443178,123131,692
   Common Stock
0
95,000
0
0
0
95,000
0
0
0
95,000
0
0
0
142,500
142,500
142,006
142,006
140,695
140,695
140,695
140,695
140,695
140,695
140,695
140,695
176,338
176,338
176,338
176,338
176,338
176,338
176,338
176,338
176,338
176,338
176,338
176,338
176,338
176,338
149,538
149,538
172,838
172,838
172,838
172,838
172,838
172,838
172,838
172,838
172,838
222,838
222,838
257,838
257,838
257,838
259,643
259,719
259,719
259,719
57,000
57,000
57,000
57,000
57,000
57,000
57,000
57,000
57,000
62,767
206,713
62,767
62,767
62,767
207,296
62,767
62,767
62,76762,767207,29662,76762,76762,767206,71362,76757,00057,00057,00057,00057,00057,00057,00057,00057,000259,719259,719259,719259,643257,838257,838257,838222,838222,838172,838172,838172,838172,838172,838172,838172,838172,838172,838149,538149,538176,338176,338176,338176,338176,338176,338176,338176,338176,338176,338176,338176,338176,338176,338140,695140,695140,695140,695140,695140,695140,695140,695142,006142,006142,500142,50000095,00000095,00000095,0000
   Retained Earnings Total Equity0000000000000000000000000000000000000000000000000000000000000000000000000000
   Accumulated Other Comprehensive Income 000000-86,553000-80,928000-76,775000-69,449000-64,365000-58,998000-54,220000-49,29100000000000000000000000000000000000000000
   Capital Surplus 
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
316,866
143,946
316,713
366,713
337,296
337,296
0
0
00337,296337,296366,713316,713143,946316,86600000000000000000000000000000000000000000000000000000000000000000000
   Treasury Stock0000000000000000000000000000000000000000000000000000000000000000000000000000
   Other Stockholders Equity 
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
10,270
10,270
10,270
12,442
0
11,455
13,947
13,947
0
0
0
0
0
0
0
-24,898
49,291
0
0
0
54,220
0
0
0
58,998
0
0
0
64,365
129,174
129,637
129,983
69,449
121,241
202,719
202,719
279,494
202,719
202,719
202,719
283,647
202,719
202,719
254,099
196,719
253,946
303,946
274,529
130,000
314,136
281,781
281,781314,136130,000274,529303,946253,946196,719254,099202,719202,719283,647202,719202,719202,719279,494202,719202,719121,24169,449129,983129,637129,17464,36500058,99800054,22000049,291-24,898000000013,94713,94711,455012,44210,27010,27010,2700000000000000000000000000



Balance Sheet

Currency in NOK. All numbers in thousands.




Cash Flow

Currency in NOK. All numbers in thousands.