PRECISION SUBSEA AS

1364 FORNEBU

Finances

Share Ownership

Return on Equity

16,98 %

Current Ratio

12,63

Debt-to-Equity Ratio

Key figures (NOK)	2022	2021	2020	2019
Revenue	2 596 000	1 933 000	1 925 000	11 311 000
Net Income	681 000	−206 000	−700 000	7 554 000
Total Assets	4 356 000	3 957 000	4 105 000	19 699 000
Total Equity	4 011 000	3 330 000	3 244 000	3 944 000

Income (NOK)	2022	2021	2020	2019
Revenue	2 596 000	1 933 000	1 925 000	11 311 000
Expenditure	1 916 000	2 140 000	2 754 000	3 669 000
Operating Profit	680 000	−206 000	−830 000	7 642 000
Financial Income	31 000	4 000	348 000	257 000
Financial Costs	30 000	3 000	219 000	345 000
Financial Balance	1 000	1 000	129 000	−88 000
Earnings Before Tax	681 000	−206 000	−700 000	7 554 000
Tax	0	0	0	0
Net Income	681 000	−206 000	−700 000	7 554 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	0	0	0	0
Total Current Assets	4 356 000	3 957 000	4 105 000	19 699 000
Total Assets	4 356 000	3 957 000	4 105 000	19 699 000
Total Retained Equity	−4 989 000	−5 670 000	−5 756 000	−5 056 000
Total Equity	4 011 000	3 330 000	3 244 000	3 944 000
Total Long-Term Debt	0	0	0	14 799 000
Total Current Debt	345 000	628 000	861 000	956 000
Total Equity and Debt	4 356 000	3 957 000	4 105 000	19 699 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	2 596 000	1 933 000	1 925 000	4 528 000
Other Income	0	0	0	6 783 000
Revenue	2 596 000	1 933 000	1 925 000	11 311 000
Cost of Goods Sold	0	0	0	0
Salary Costs	1 591 000	1 774 000	1 737 000	2 844 000
Depreciation	0	0	0	31 000
Impairment	0	0	0	0
Expenditure	1 916 000	2 140 000	2 754 000	3 669 000
Operating Profit	680 000	−206 000	−830 000	7 642 000
Financial Income	31 000	4 000	348 000	257 000
Financial Costs	30 000	3 000	219 000	345 000
Financial Balance	1 000	1 000	129 000	−88 000
Dividends	0	0	0	0
Net Income	681 000	−206 000	−700 000	7 554 000

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	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	0	0	0	0
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	0	134 000	176 000	77 000
Total Current Assets	4 356 000	3 957 000	4 105 000	19 699 000
Total Assets	4 356 000	3 957 000	4 105 000	19 699 000
Total Equity	4 011 000	3 330 000	3 244 000	3 944 000
Short-Term Group Debt	0	0	1 000	16 000
Total Long-Term Debt	0	0	0	14 799 000
Creditors	19 000	2 000	22 000	19 000
Unpaid Taxes	15 000	84 000	55 000	271 000
Dividends	0	0	0	0
Other Current Debt	310 000	541 000	782 000	650 000
Total Current Debt	345 000	628 000	861 000	956 000
Total Equity and Debt	4 356 000	3 957 000	4 105 000	19 699 000

Financial indicators	2022	2021	2020	2019
Return on Equity	16,98 %	−6,19 %	−21,58 %	191,53 %
Debt-to-Equity Ratio	0	0	0	3,75
Operating Profit Margin	26,19 %	−10,66 %	−43,12 %	67,56 %
Current Ratio	12,63	6,3	4,77	20,61
Quick Ratio	12,63	6,3	4,77	20,61
Equity Ratio	0,92	0,84	0,79	0,2
Gross Profit Margin	100 %	100 %	100 %	100 %