SUB SEA SERVICES GROUP AS

4029 STAVANGER

Finances

Return on Equity

10,22 %

Current Ratio

3,82

Debt-to-Equity Ratio

1,57

Key figures (NOK)	2022	2021	2020	2019
Revenue	208 339 000	165 837 000	156 136 000	226 257 000
Net Income	15 516 000	−6 084 000	5 865 000	11 404 000
Total Assets	485 879 000	474 509 000	517 603 000	508 963 000
Total Equity	151 800 000	138 540 000	193 472 000	190 784 000

Income (NOK)	2022	2021	2020	2019
Revenue	208 339 000	165 837 000	156 136 000	226 257 000
Expenditure	189 872 000	151 233 000	162 158 000	230 463 000
Operating Profit	18 468 000	14 604 000	−6 022 000	−4 205 000
Financial Income	12 723 000	9 957 000	28 746 000	29 410 000
Financial Costs	10 859 000	28 053 000	19 389 000	16 798 000
Financial Balance	1 864 000	−18 096 000	9 357 000	12 612 000
Earnings Before Tax	20 333 000	−3 493 000	3 336 000	8 407 000
Tax	4 818 000	2 591 000	−2 529 000	−2 997 000
Net Income	15 516 000	−6 084 000	5 865 000	11 404 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	120 184 000	131 155 000	223 636 000	224 067 000
Total Current Assets	365 696 000	343 353 000	293 968 000	284 895 000
Total Assets	485 879 000	474 509 000	517 603 000	508 963 000
Total Retained Equity	147 217 000	133 908 000	188 792 000	186 056 000
Total Equity	151 800 000	138 540 000	193 472 000	190 784 000
Total Long-Term Debt	238 245 000	201 802 000	203 705 000	200 700 000
Total Current Debt	95 834 000	134 167 000	120 426 000	117 479 000
Total Equity and Debt	485 879 000	474 509 000	517 603 000	508 963 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	207 007 000	161 796 000	144 432 000	211 485 000
Other Income	1 332 000	4 042 000	11 704 000	14 772 000
Revenue	208 339 000	165 837 000	156 136 000	226 257 000
Cost of Goods Sold	65 518 000	49 801 000	35 216 000	60 064 000
Salary Costs	65 149 000	57 251 000	64 355 000	93 261 000
Depreciation	12 030 000	13 772 000	13 690 000	14 631 000
Impairment	0	0	0	0
Expenditure	189 872 000	151 233 000	162 158 000	230 463 000
Operating Profit	18 468 000	14 604 000	−6 022 000	−4 205 000
Financial Income	12 723 000	9 957 000	28 746 000	29 410 000
Financial Costs	10 859 000	28 053 000	19 389 000	16 798 000
Financial Balance	1 864 000	−18 096 000	9 357 000	12 612 000
Dividends	0	8 875 000	2 451 000	3 679 000
Net Income	15 516 000	−6 084 000	5 865 000	11 404 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	800 000	1 600 000	2 400 000
Total Intangible Assets	10 957 000	17 565 000	21 258 000	14 739 000
Real Eastate	20 702 000	22 855 000	41 227 000	48 979 000
Machinery and Plant Facilities	24 057 000	6 419 000	8 341 000	10 572 000
Fixtures	6 587 000	29 609 000	34 941 000	32 157 000
Total Tangible Assets	56 604 000	65 062 000	91 680 000	99 816 000
Total Fiancial Fixed Assets	52 623 000	48 529 000	110 698 000	109 512 000
Total Fixed Assets	120 184 000	131 155 000	223 636 000	224 067 000
Stock	261 062 000	247 649 000	204 738 000	166 005 000
Total Investments	12 831 000	13 850 000	13 913 000	12 228 000
Cash, Bank	26 699 000	19 587 000	12 246 000	12 850 000
Total Current Assets	365 696 000	343 353 000	293 968 000	284 895 000
Total Assets	485 879 000	474 509 000	517 603 000	508 963 000
Total Equity	151 800 000	138 540 000	193 472 000	190 784 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	238 245 000	201 802 000	203 705 000	200 700 000
Creditors	21 123 000	13 330 000	16 097 000	22 958 000
Unpaid Taxes	4 620 000	6 069 000	3 800 000	8 810 000
Dividends	0	8 875 000	2 451 000	3 679 000
Other Current Debt	70 091 000	56 619 000	55 593 000	29 744 000
Total Current Debt	95 834 000	134 167 000	120 426 000	117 479 000
Total Equity and Debt	485 879 000	474 509 000	517 603 000	508 963 000

Financial indicators	2022	2021	2020	2019
Return on Equity	10,22 %	−4,39 %	3,03 %	5,98 %
Debt-to-Equity Ratio	1,57	1,46	1,05	1,05
Operating Profit Margin	8,86 %	8,81 %	−3,86 %	−1,86 %
Current Ratio	3,82	2,56	2,44	2,43
Quick Ratio	−2,21	−3,03	−3,49	−5,87
Equity Ratio	0,31	0,29	0,37	0,37
Gross Profit Margin	68,55 %	69,97 %	77,45 %	73,45 %