SUBSEA TECHNOLOGY AS

1163 OSLO

Finances

Return on Equity

−3,19 %

Current Ratio

1 512,36

Debt-to-Equity Ratio

0,05

Key figures (NOK)	2022	2021	2020	2019
Revenue	215 000	94 000	179 000	179 000
Net Income	−592 000	18 776 000	−313 000	176 000
Total Assets	19 502 000	20 146 000	10 328 000	9 314 000
Total Equity	18 571 000	19 163 000	388 000	701 000

Income (NOK)	2022	2021	2020	2019
Revenue	215 000	94 000	179 000	179 000
Expenditure	1 235 000	1 547 000	900 000	335 000
Operating Profit	−1 020 000	−1 454 000	−722 000	−157 000
Financial Income	263 000	20 013 000	283 000	307 000
Financial Costs	25 000	127 000	39 000	4 000
Financial Balance	238 000	19 886 000	244 000	303 000
Earnings Before Tax	−782 000	18 432 000	−478 000	147 000
Tax	−190 000	−344 000	−165 000	−29 000
Net Income	−592 000	18 776 000	−313 000	176 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	2 866 000	2 850 000	2 680 000	2 204 000
Total Current Assets	16 636 000	17 296 000	7 648 000	7 111 000
Total Assets	19 502 000	20 146 000	10 328 000	9 314 000
Total Retained Equity	18 471 000	19 063 000	288 000	601 000
Total Equity	18 571 000	19 163 000	388 000	701 000
Total Long-Term Debt	920 000	970 000	9 940 000	8 613 000
Total Current Debt	11 000	13 000	0	0
Total Equity and Debt	19 502 000	20 146 000	10 328 000	9 314 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	215 000	94 000	179 000	179 000
Other Income	0	0	0	0
Revenue	215 000	94 000	179 000	179 000
Cost of Goods Sold	0	0	0	0
Salary Costs	102 000	110 000	0	0
Depreciation	173 000	173 000	343 000	0
Impairment	0	0	0	0
Expenditure	1 235 000	1 547 000	900 000	335 000
Operating Profit	−1 020 000	−1 454 000	−722 000	−157 000
Financial Income	263 000	20 013 000	283 000	307 000
Financial Costs	25 000	127 000	39 000	4 000
Financial Balance	238 000	19 886 000	244 000	303 000
Dividends	0	0	0	0
Net Income	−592 000	18 776 000	−313 000	176 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	1 031 000	842 000	498 000	333 000
Real Eastate	1 573 000	1 616 000	1 658 000	1 871 000
Machinery and Plant Facilities	0	0	0	0
Fixtures	262 000	392 000	523 000	0
Total Tangible Assets	1 835 000	2 008 000	2 181 000	1 871 000
Total Fiancial Fixed Assets	0	0	0	0
Total Fixed Assets	2 866 000	2 850 000	2 680 000	2 204 000
Stock	0	0	0	0
Total Investments	10 978 000	9 296 000	1 696 000	1 581 000
Cash, Bank	5 668 000	8 000 000	5 952 000	5 530 000
Total Current Assets	16 636 000	17 296 000	7 648 000	7 111 000
Total Assets	19 502 000	20 146 000	10 328 000	9 314 000
Total Equity	18 571 000	19 163 000	388 000	701 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	920 000	970 000	9 940 000	8 613 000
Creditors	0	0	0	0
Unpaid Taxes	8 000	5 000	0	0
Dividends	0	0	0	0
Other Current Debt	3 000	7 000	0	0
Total Current Debt	11 000	13 000	0	0
Total Equity and Debt	19 502 000	20 146 000	10 328 000	9 314 000

Financial indicators	2022	2021	2020	2019
Return on Equity	−3,19 %	97,98 %	−80,67 %	25,11 %
Debt-to-Equity Ratio	0,05	0,05	25,62	12,29
Operating Profit Margin	−474,42 %	−1 546,81 %	−403,35 %	−87,71 %
Current Ratio	1 512,36	1 330,46	-	-
Quick Ratio	1 512,36	1 330,46	-	-
Equity Ratio	0,95	0,95	0,04	0,08
Gross Profit Margin	100 %	100 %	100 %	100 %