SUBSEA INSULATION AS

5938 SÆBØVÅGEN

Finances

Share Ownership

Return on Equity

4,69 %

Current Ratio

1,09

Debt-to-Equity Ratio

−1,21

Key figures (NOK)	2022	2021	2020	2019
Revenue	3 656 000	3 309 000	3 800 000	1 462 000
Net Income	−46 000	166 000	−142 000	−479 000
Total Assets	2 401 000	1 631 000	933 000	527 000
Total Equity	−980 000	−934 000	−1 100 000	−959 000

Income (NOK)	2022	2021	2020	2019
Revenue	3 656 000	3 309 000	3 800 000	1 462 000
Expenditure	3 704 000	3 143 000	3 942 000	1 941 000
Operating Profit	−47 000	166 000	−142 000	−480 000
Financial Income	1 000	0	0	0
Financial Costs	0	0	0	0
Financial Balance	1 000	0	0	0
Earnings Before Tax	−46 000	166 000	−142 000	−479 000
Tax	0	0	0	0
Net Income	−46 000	166 000	−142 000	−479 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	5 000	23 000	64 000	108 000
Total Current Assets	2 395 000	1 608 000	870 000	419 000
Total Assets	2 401 000	1 631 000	933 000	527 000
Total Retained Equity	−1 943 000	−1 896 000	−2 063 000	−1 921 000
Total Equity	−980 000	−934 000	−1 100 000	−959 000
Total Long-Term Debt	1 187 000	1 187 000	1 187 000	1 195 000
Total Current Debt	2 194 000	1 378 000	847 000	291 000
Total Equity and Debt	2 401 000	1 631 000	933 000	527 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	3 656 000	3 309 000	3 800 000	1 462 000
Other Income	0	0	0	0
Revenue	3 656 000	3 309 000	3 800 000	1 462 000
Cost of Goods Sold	3 566 000	2 982 000	3 425 000	1 367 000
Salary Costs	0	0	0	0
Depreciation	18 000	41 000	44 000	47 000
Impairment	0	0	0	0
Expenditure	3 704 000	3 143 000	3 942 000	1 941 000
Operating Profit	−47 000	166 000	−142 000	−480 000
Financial Income	1 000	0	0	0
Financial Costs	0	0	0	0
Financial Balance	1 000	0	0	0
Dividends	0	0	0	0
Net Income	−46 000	166 000	−142 000	−479 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	0	14 000	48 000	86 000
Real Eastate	0	0	0	0
Machinery and Plant Facilities	0	0	0	0
Fixtures	5 000	9 000	15 000	22 000
Total Tangible Assets	5 000	9 000	15 000	22 000
Total Fiancial Fixed Assets	0	0	0	0
Total Fixed Assets	5 000	23 000	64 000	108 000
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	1 783 000	625 000	375 000	136 000
Total Current Assets	2 395 000	1 608 000	870 000	419 000
Total Assets	2 401 000	1 631 000	933 000	527 000
Total Equity	−980 000	−934 000	−1 100 000	−959 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	1 187 000	1 187 000	1 187 000	1 195 000
Creditors	2 040 000	1 288 000	847 000	291 000
Unpaid Taxes	0	13 000	0	0
Dividends	0	0	0	0
Other Current Debt	154 000	77 000	0	0
Total Current Debt	2 194 000	1 378 000	847 000	291 000
Total Equity and Debt	2 401 000	1 631 000	933 000	527 000

Financial indicators	2022	2021	2020	2019
Return on Equity	4,69 %	−17,77 %	12,91 %	49,95 %
Debt-to-Equity Ratio	−1,21	−1,27	−1,08	−1,25
Operating Profit Margin	−1,29 %	5,02 %	−3,74 %	−32,83 %
Current Ratio	1,09	1,17	1,03	1,44
Quick Ratio	1,09	1,17	1,03	1,44
Equity Ratio	−0,41	−0,57	−1,18	−1,82
Gross Profit Margin	2,46 %	9,88 %	9,87 %	6,5 %