SUBTEK AS

5986 HOSTELAND

Finances

Share Ownership

Return on Equity

42,32 %

Current Ratio

1,59

Debt-to-Equity Ratio

Key figures (NOK)	2022	2021	2020	2019
Revenue	1 468 000	1 063 000	749 000	0
Net Income	201 000	57 000	187 000	0
Total Assets	782 000	542 000	385 000	30 000
Total Equity	475 000	274 000	217 000	30 000

Income (NOK)	2022	2021	2020
Revenue	1 468 000	1 063 000	749 000
Expenditure	1 210 000	989 000	509 000
Operating Profit	258 000	73 000	240 000
Financial Income	0	0	0
Financial Costs	0	0	0
Financial Balance	0	0	0
Earnings Before Tax	258 000	73 000	240 000
Tax	57 000	16 000	53 000
Net Income	201 000	57 000	187 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	294 000	259 000	103 000	0
Total Current Assets	488 000	283 000	282 000	30 000
Total Assets	782 000	542 000	385 000	30 000
Total Retained Equity	445 000	244 000	187 000	0
Total Equity	475 000	274 000	217 000	30 000
Total Long-Term Debt	0	0	0	0
Total Current Debt	307 000	268 000	168 000	0
Total Equity and Debt	782 000	542 000	385 000	30 000

Cash flow (NOK)	2022	2021	2020
Sales Income	1 467 000	1 063 000	749 000
Other Income	1 000	0	0
Revenue	1 468 000	1 063 000	749 000
Cost of Goods Sold	16 000	12 000	33 000
Salary Costs	733 000	505 000	229 000
Depreciation	79 000	65 000	26 000
Impairment	0	0	0
Expenditure	1 210 000	989 000	509 000
Operating Profit	258 000	73 000	240 000
Financial Income	0	0	0
Financial Costs	0	0	0
Financial Balance	0	0	0
Dividends	0	0	0
Net Income	201 000	57 000	187 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	0	0	0	0
Real Eastate	0	0	0	0
Machinery and Plant Facilities	215 000	155 000	103 000	0
Fixtures	79 000	104 000	0	0
Total Tangible Assets	294 000	259 000	103 000	0
Total Fiancial Fixed Assets	0	0	0	0
Total Fixed Assets	294 000	259 000	103 000	0
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	164 000	130 000	129 000	30 000
Total Current Assets	488 000	283 000	282 000	30 000
Total Assets	782 000	542 000	385 000	30 000
Total Equity	475 000	274 000	217 000	30 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	0	0	0	0
Creditors	15 000	72 000	1 000	0
Unpaid Taxes	157 000	108 000	88 000	0
Dividends	0	0	0	0
Other Current Debt	79 000	71 000	26 000	0
Total Current Debt	307 000	268 000	168 000	0
Total Equity and Debt	782 000	542 000	385 000	30 000

Financial indicators	2022	2021	2020	2019
Return on Equity	42,32 %	20,8 %	86,18 %	0 %
Debt-to-Equity Ratio	0	0	0	0
Operating Profit Margin	17,57 %	6,87 %	32,04 %	-
Current Ratio	1,59	1,06	1,68	-
Quick Ratio	1,59	1,06	1,68	-
Equity Ratio	0,61	0,51	0,56	1
Gross Profit Margin	98,91 %	98,87 %	95,59 %	-