TESS SUBSEA & ENGINEERING AS

3414 LIERSTRANDA

Finances

Share Ownership

Return on Equity

3,75 %

Current Ratio

6,8

Debt-to-Equity Ratio

1,88

Key figures (NOK)	2022	2021	2020	2019
Revenue	40 398 000	40 089 000	61 663 000	92 567 000
Net Income	907 000	2 427 000	1 164 000	16 778 000
Total Assets	81 388 000	78 578 000	84 535 000	120 991 000
Total Equity	24 200 000	23 293 000	20 866 000	19 702 000

Income (NOK)	2022	2021	2020	2019
Revenue	40 398 000	40 089 000	61 663 000	92 567 000
Expenditure	37 387 000	35 820 000	57 642 000	69 417 000
Operating Profit	3 012 000	4 269 000	4 022 000	23 150 000
Financial Income	576 000	143 000	66 000	737 000
Financial Costs	2 420 000	1 295 000	2 587 000	2 377 000
Financial Balance	−1 844 000	−1 152 000	−2 521 000	−1 640 000
Earnings Before Tax	1 168 000	3 117 000	1 501 000	21 510 000
Tax	261 000	691 000	337 000	4 732 000
Net Income	907 000	2 427 000	1 164 000	16 778 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	2 180 000	2 394 000	2 345 000	2 567 000
Total Current Assets	79 208 000	76 184 000	82 190 000	118 424 000
Total Assets	81 388 000	78 578 000	84 535 000	120 991 000
Total Retained Equity	11 560 000	10 653 000	8 226 000	7 062 000
Total Equity	24 200 000	23 293 000	20 866 000	19 702 000
Total Long-Term Debt	45 539 000	45 539 000	45 539 000	45 539 000
Total Current Debt	11 649 000	9 746 000	18 130 000	55 750 000
Total Equity and Debt	81 388 000	78 578 000	84 535 000	120 991 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	40 398 000	40 093 000	61 293 000	92 567 000
Other Income	0	−4 000	370 000	0
Revenue	40 398 000	40 089 000	61 663 000	92 567 000
Cost of Goods Sold	22 660 000	22 843 000	45 062 000	45 731 000
Salary Costs	9 099 000	7 840 000	7 140 000	14 587 000
Depreciation	444 000	543 000	569 000	558 000
Impairment	0	0	0	0
Expenditure	37 387 000	35 820 000	57 642 000	69 417 000
Operating Profit	3 012 000	4 269 000	4 022 000	23 150 000
Financial Income	576 000	143 000	66 000	737 000
Financial Costs	2 420 000	1 295 000	2 587 000	2 377 000
Financial Balance	−1 844 000	−1 152 000	−2 521 000	−1 640 000
Dividends	0	0	0	1 650 000
Net Income	907 000	2 427 000	1 164 000	16 778 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	1 499 000	1 371 000	1 311 000	972 000
Real Eastate	0	0	0	0
Machinery and Plant Facilities	457 000	855 000	857 000	1 383 000
Fixtures	223 000	169 000	177 000	210 000
Total Tangible Assets	680 000	1 023 000	1 035 000	1 594 000
Total Fiancial Fixed Assets	0	0	0	2 000
Total Fixed Assets	2 180 000	2 394 000	2 345 000	2 567 000
Stock	32 752 000	28 203 000	34 573 000	37 077 000
Total Investments	0	0	0	0
Cash, Bank	5 715 000	230 000	4 089 000	0
Total Current Assets	79 208 000	76 184 000	82 190 000	118 424 000
Total Assets	81 388 000	78 578 000	84 535 000	120 991 000
Total Equity	24 200 000	23 293 000	20 866 000	19 702 000
Short-Term Group Debt	1 486 000	422 000	0	30 302 000
Total Long-Term Debt	45 539 000	45 539 000	45 539 000	45 539 000
Creditors	3 735 000	4 224 000	7 236 000	9 662 000
Unpaid Taxes	1 675 000	1 462 000	4 743 000	4 317 000
Dividends	0	0	0	1 650 000
Other Current Debt	4 358 000	2 877 000	3 815 000	6 747 000
Total Current Debt	11 649 000	9 746 000	18 130 000	55 750 000
Total Equity and Debt	81 388 000	78 578 000	84 535 000	120 991 000

Financial indicators	2022	2021	2020	2019
Return on Equity	3,75 %	10,42 %	5,58 %	85,16 %
Debt-to-Equity Ratio	1,88	1,96	2,18	2,31
Operating Profit Margin	7,46 %	10,65 %	6,52 %	25,01 %
Current Ratio	6,8	7,82	4,53	2,12
Quick Ratio	−3,75	−4,13	−5	6,34
Equity Ratio	0,3	0,3	0,25	0,16
Gross Profit Margin	43,91 %	43,02 %	26,92 %	50,6 %