SOLSTAD SUBSEA HOLDING AS

4280 SKUDENESHAVN

Finances

Return on Equity

−2,33 %

Current Ratio

0,13

Debt-to-Equity Ratio

0,03

Key figures (NOK)	2022	2021	2020
Revenue	0	0	4 027 000
Net Income	−2 995 000	−169 397 000	27 399 000
Total Assets	193 396 000	174 349 000	355 236 000
Total Equity	128 665 000	131 660 000	301 057 000

Income (NOK)	2022	2021	2020
Revenue	0	0	4 027 000
Expenditure	1 647 000	582 000	11 724 000
Operating Profit	−1 647 000	−582 000	−7 696 000
Financial Income	15 574 000	6 994 000	39 376 000
Financial Costs	14 573 000	175 809 000	4 280 000
Financial Balance	1 001 000	−168 815 000	35 096 000
Earnings Before Tax	−647 000	−169 397 000	27 399 000
Tax	2 348 000	0	0
Net Income	−2 995 000	−169 397 000	27 399 000

Balance (NOK)	2022	2021	2020
Total Fixed Assets	185 481 000	161 154 000	311 903 000
Total Current Assets	7 915 000	13 195 000	43 333 000
Total Assets	193 396 000	174 349 000	355 236 000
Total Retained Equity	−144 992 000	−141 997 000	27 399 000
Total Equity	128 665 000	131 660 000	301 057 000
Total Long-Term Debt	3 690 000	190 000	190 000
Total Current Debt	61 040 000	42 499 000	53 989 000
Total Equity and Debt	193 395 000	174 349 000	355 236 000

Cash flow (NOK)	2022	2021	2020
Sales Income	0	0	0
Other Income	0	0	4 027 000
Revenue	0	0	4 027 000
Cost of Goods Sold	0	0	0
Salary Costs	0	0	0
Depreciation	0	0	0
Impairment	0	0	0
Expenditure	1 647 000	582 000	11 724 000
Operating Profit	−1 647 000	−582 000	−7 696 000
Financial Income	15 574 000	6 994 000	39 376 000
Financial Costs	14 573 000	175 809 000	4 280 000
Financial Balance	1 001 000	−168 815 000	35 096 000
Dividends	0	0	0
Net Income	−2 995 000	−169 397 000	27 399 000

Balance details (NOK)	2022	2021	2020
Goodwill	0	0	0
Total Intangible Assets	0	0	0
Real Eastate	0	0	0
Machinery and Plant Facilities	0	0	0
Fixtures	0	0	0
Total Tangible Assets	0	0	0
Total Fiancial Fixed Assets	185 481 000	161 154 000	311 903 000
Total Fixed Assets	185 481 000	161 154 000	311 903 000
Stock	0	0	0
Total Investments	0	0	0
Cash, Bank	1 367 000	8 583 000	39 215 000
Total Current Assets	7 915 000	13 195 000	43 333 000
Total Assets	193 396 000	174 349 000	355 236 000
Total Equity	128 665 000	131 660 000	301 057 000
Short-Term Group Debt	18 070 000	0	0
Total Long-Term Debt	3 690 000	190 000	190 000
Creditors	704 000	233 000	11 724 000
Unpaid Taxes	0	0	0
Dividends	0	0	0
Other Current Debt	42 266 000	42 266 000	42 266 000
Total Current Debt	61 040 000	42 499 000	53 989 000
Total Equity and Debt	193 395 000	174 349 000	355 236 000

Financial indicators	2022	2021	2020
Return on Equity	−2,33 %	−128,66 %	9,1 %
Debt-to-Equity Ratio	0,03	0	0
Operating Profit Margin	-	-	−191,11 %
Current Ratio	0,13	0,31	0,8
Quick Ratio	0,13	0,31	0,8
Equity Ratio	0,67	0,76	0,85
Gross Profit Margin	-	-	100 %