Last 61.75 NOK
Change Today 0.00 / 0.00%
Volume 0.0
REM On Other Exchanges
Symbol
Exchange
Oslo
As of 10:25 AM 09/16/14 All times are local (Market data is delayed by at least 15 minutes).

Financial Statements for rem offshore asa (REM)

Year over year, Rem Offshore ASA has seen their bottom line shrink from 226.3M NOK to 174.8M NOK despite an increase in revenues from 719.3M NOK to 941.8M NOK. An increase in the percentage of sales devoted to income tax expenses from -0.56% to -0.08% was a key component in the falling bottom line in the face of rising revenues.
View Income Statement In U.S. Dollar
Currency in
Millions of Norwegian Krones
As of:Dec 31
2010
Restated
NOK
Dec 31
2011
Restated
NOK
Dec 31
2012
Restated
NOK
Dec 31
2013
NOK
4 Year
Trend
Revenues454.0633.0719.3941.8
Other Revenues14.620.120.728.3
TOTAL REVENUES468.7653.0740.0970.1
Cost of Goods Sold191.2286.9349.9427.1
GROSS PROFIT277.5366.1390.1543.0
Selling General & Admin Expenses, Total11.216.420.922.2
Depreciation & Amortization, Total50.777.997.9113.3
Other Operating Expenses13.416.315.915.2
OTHER OPERATING EXPENSES, TOTAL75.3110.6134.8150.7
OPERATING INCOME202.2255.5255.3392.2
Interest Expense-97.0-143.5-168.4-214.8
Interest and Investment Income15.89.19.115.5
NET INTEREST EXPENSE-81.2-134.3-159.3-199.3
Income (Loss) on Equity Investments2.80.21.94.3
Currency Exchange Gains (Loss)16.825.934.325.2
Other Non-Operating Income (Expenses)-2.6-7.3-10.1-34.4
EBT, EXCLUDING UNUSUAL ITEMS137.9140.0122.1188.1
Gain (Loss) on Sale of Investments3.60.30.70.9
Gain (Loss) on Sale of Assets----107.3--
EBT, INCLUDING UNUSUAL ITEMS141.6140.3230.1188.9
Income Tax Expense17.95.2-4.0-0.8
Minority Interest in Earnings-7.1-3.6-7.8-14.9
Earnings from Continuing Operations123.7135.1234.1189.7
NET INCOME116.6131.5226.3174.8
NET INCOME TO COMMON INCLUDING EXTRA ITEMS116.6131.5226.3174.8
NET INCOME TO COMMON EXCLUDING EXTRA ITEMS116.6131.5226.3174.8
 

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REM Competitors

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Company Last Change
AP Moeller - Maersk A/S kr13,590 DKK -180.00
DOF ASA 19.70 NOK -0.30
Farstad Shipping ASA 76.50 NOK -2.75
Havila Shipping ASA 26.50 NOK -0.40
Solstad Offshore ASA 80.75 NOK -2.25
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Industry Analysis

REM

Industry Average

Valuation REM Industry Range
Price/Earnings 4.0x
Price/Sales 1.0x
Price/Book 0.6x
Price/Cash Flow 2.7x
TEV/Sales NM Not Meaningful
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