SUBMATECH AS

4513 MANDAL

Finances

Share Ownership

Return on Equity

26,89 %

Current Ratio

3,55

Debt-to-Equity Ratio

Key figures (NOK)	2022	2021	2020	2019
Revenue	1 370 000	1 657 000	1 669 000	1 090 000
Net Income	171 000	347 000	550 000	318 000
Total Assets	882 000	960 000	1 104 000	716 000
Total Equity	636 000	466 000	719 000	169 000

Income (NOK)	2022	2021	2020	2019
Revenue	1 370 000	1 657 000	1 669 000	1 090 000
Expenditure	1 150 000	1 213 000	963 000	683 000
Operating Profit	219 000	445 000	706 000	407 000
Financial Income	0	0	0	0
Financial Costs	0	0	1 000	0
Financial Balance	0	0	−1 000	0
Earnings Before Tax	219 000	445 000	705 000	407 000
Tax	48 000	98 000	155 000	90 000
Net Income	171 000	347 000	550 000	318 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	16 000	0	0	0
Total Current Assets	866 000	960 000	1 104 000	716 000
Total Assets	882 000	960 000	1 104 000	716 000
Total Retained Equity	614 000	443 000	696 000	146 000
Total Equity	636 000	466 000	719 000	169 000
Total Long-Term Debt	1 000	0	0	0
Total Current Debt	244 000	495 000	385 000	547 000
Total Equity and Debt	882 000	960 000	1 104 000	716 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	1 370 000	1 657 000	1 669 000	1 090 000
Other Income	0	0	0	0
Revenue	1 370 000	1 657 000	1 669 000	1 090 000
Cost of Goods Sold	0	0	0	0
Salary Costs	1 029 000	1 086 000	812 000	545 000
Depreciation	0	0	0	0
Impairment	0	0	0	0
Expenditure	1 150 000	1 213 000	963 000	683 000
Operating Profit	219 000	445 000	706 000	407 000
Financial Income	0	0	0	0
Financial Costs	0	0	1 000	0
Financial Balance	0	0	−1 000	0
Dividends	0	600 000	0	600 000
Net Income	171 000	347 000	550 000	318 000

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	16 000	0	0	0
Total Tangible Assets	16 000	0	0	0
Total Fiancial Fixed Assets	0	0	0	0
Total Fixed Assets	16 000	0	0	0
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	866 000	745 000	672 000	714 000
Total Current Assets	866 000	960 000	1 104 000	716 000
Total Assets	882 000	960 000	1 104 000	716 000
Total Equity	636 000	466 000	719 000	169 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	1 000	0	0	0
Creditors	0	6 000	2 000	7 000
Unpaid Taxes	170 000	153 000	183 000	38 000
Dividends	0	600 000	0	600 000
Other Current Debt	27 000	238 000	45 000	12 000
Total Current Debt	244 000	495 000	385 000	547 000
Total Equity and Debt	882 000	960 000	1 104 000	716 000

Financial indicators	2022	2021	2020	2019
Return on Equity	26,89 %	74,46 %	76,5 %	188,17 %
Debt-to-Equity Ratio	0	0	0	0
Operating Profit Margin	15,99 %	26,86 %	42,3 %	37,34 %
Current Ratio	3,55	1,94	2,87	1,31
Quick Ratio	3,55	1,94	2,87	1,31
Equity Ratio	0,72	0,49	0,65	0,24
Gross Profit Margin	100 %	100 %	100 %	100 %