SUBMAR GROUP AS

4550 FARSUND

Finances

Share Ownership

Return on Equity

30,74 %

Current Ratio

0,18

Debt-to-Equity Ratio

−0

Key figures (NOK)	2022	2021	2020	2019
Revenue	1 234 000	1 191 000	1 026 000	0
Net Income	−485 000	−287 000	−150 000	−559 000
Total Assets	15 396 000	15 553 000	15 259 000	14 481 000
Total Equity	−1 578 000	−1 094 000	−806 000	−657 000

Income (NOK)	2022	2021	2020	2019
Revenue	1 234 000	1 191 000	1 026 000	0
Expenditure	600 000	642 000	363 000	47 000
Operating Profit	634 000	550 000	663 000	−47 000
Financial Income	0	0	0	19 000
Financial Costs	1 119 000	837 000	812 000	531 000
Financial Balance	−1 119 000	−837 000	−812 000	−512 000
Earnings Before Tax	−485 000	−287 000	−150 000	−559 000
Tax	0	0	0	0
Net Income	−485 000	−287 000	−150 000	−559 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	12 264 000	13 651 000	14 232 000	14 470 000
Total Current Assets	3 132 000	1 902 000	1 027 000	11 000
Total Assets	15 396 000	15 553 000	15 259 000	14 481 000
Total Retained Equity	−1 628 000	−1 144 000	−856 000	−707 000
Total Equity	−1 578 000	−1 094 000	−806 000	−657 000
Total Long-Term Debt	0	0	0	0
Total Current Debt	16 974 000	16 647 000	16 065 000	15 138 000
Total Equity and Debt	15 396 000	15 553 000	15 259 000	14 481 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	1 234 000	1 191 000	1 026 000	0
Other Income	0	0	0	0
Revenue	1 234 000	1 191 000	1 026 000	0
Cost of Goods Sold	0	0	0	0
Salary Costs	0	0	0	0
Depreciation	581 000	581 000	290 000	0
Impairment	0	0	0	0
Expenditure	600 000	642 000	363 000	47 000
Operating Profit	634 000	550 000	663 000	−47 000
Financial Income	0	0	0	19 000
Financial Costs	1 119 000	837 000	812 000	531 000
Financial Balance	−1 119 000	−837 000	−812 000	−512 000
Dividends	0	0	0	0
Net Income	−485 000	−287 000	−150 000	−559 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	12 264 000	13 651 000	14 232 000	14 470 000
Real Eastate	0	0	0	0
Machinery and Plant Facilities	0	0	0	0
Fixtures	0	0	0	0
Total Tangible Assets	0	0	0	0
Total Fiancial Fixed Assets	0	0	0	0
Total Fixed Assets	12 264 000	13 651 000	14 232 000	14 470 000
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	1 000	5 000	1 000	11 000
Total Current Assets	3 132 000	1 902 000	1 027 000	11 000
Total Assets	15 396 000	15 553 000	15 259 000	14 481 000
Total Equity	−1 578 000	−1 094 000	−806 000	−657 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	0	0	0	0
Creditors	0	0	0	0
Unpaid Taxes	0	0	0	185 000
Dividends	0	0	0	0
Other Current Debt	16 974 000	16 647 000	16 065 000	14 953 000
Total Current Debt	16 974 000	16 647 000	16 065 000	15 138 000
Total Equity and Debt	15 396 000	15 553 000	15 259 000	14 481 000

Financial indicators	2022	2021	2020	2019
Return on Equity	30,74 %	26,23 %	18,61 %	85,08 %
Debt-to-Equity Ratio	−0	−0	−0	−0
Operating Profit Margin	51,38 %	46,18 %	64,62 %	-
Current Ratio	0,18	0,11	0,06	0
Quick Ratio	0,18	0,11	0,06	0
Equity Ratio	−0,1	−0,07	−0,05	−0,05
Gross Profit Margin	100 %	100 %	100 %	-