SUBSEA TOOLING AS

5538 HAUGESUND

Finances

Share Ownership

Return on Equity

16,05 %

Current Ratio

1,47

Debt-to-Equity Ratio

Key figures (NOK)	2022	2021	2020	2019
Revenue	593 000	1 014 000	614 000	263 000
Net Income	61 000	395 000	258 000	76 000
Total Assets	799 000	1 173 000	851 000	892 000
Total Equity	380 000	572 000	417 000	830 000

Income (NOK)	2022	2021	2020	2019
Revenue	593 000	1 014 000	614 000	263 000
Expenditure	501 000	487 000	283 000	166 000
Operating Profit	91 000	527 000	331 000	97 000
Financial Income	1 000	2 000	0	0
Financial Costs	1 000	16 000	0	0
Financial Balance	0	−14 000	0	0
Earnings Before Tax	91 000	513 000	331 000	97 000
Tax	30 000	119 000	73 000	21 000
Net Income	61 000	395 000	258 000	76 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	183 000	287 000	431 000	577 000
Total Current Assets	616 000	886 000	420 000	316 000
Total Assets	799 000	1 173 000	851 000	892 000
Total Retained Equity	350 000	542 000	147 000	140 000
Total Equity	380 000	572 000	417 000	830 000
Total Long-Term Debt	0	0	16 000	33 000
Total Current Debt	419 000	601 000	417 000	30 000
Total Equity and Debt	799 000	1 173 000	851 000	892 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	593 000	1 014 000	614 000	263 000
Other Income	0	0	0	0
Revenue	593 000	1 014 000	614 000	263 000
Cost of Goods Sold	34 000	0	68 000	0
Salary Costs	17 000	8 000	0	0
Depreciation	104 000	161 000	160 000	145 000
Impairment	0	0	0	0
Expenditure	501 000	487 000	283 000	166 000
Operating Profit	91 000	527 000	331 000	97 000
Financial Income	1 000	2 000	0	0
Financial Costs	1 000	16 000	0	0
Financial Balance	0	−14 000	0	0
Dividends	250 000	0	180 000	0
Net Income	61 000	395 000	258 000	76 000

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	183 000	287 000	416 000	577 000
Fixtures	0	0	0	0
Total Tangible Assets	183 000	287 000	416 000	577 000
Total Fiancial Fixed Assets	0	0	15 000	0
Total Fixed Assets	183 000	287 000	431 000	577 000
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	395 000	234 000	360 000	316 000
Total Current Assets	616 000	886 000	420 000	316 000
Total Assets	799 000	1 173 000	851 000	892 000
Total Equity	380 000	572 000	417 000	830 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	0	0	16 000	33 000
Creditors	8 000	1 000	0	4 000
Unpaid Taxes	86 000	194 000	128 000	23 000
Dividends	250 000	0	180 000	0
Other Current Debt	44 000	272 000	20 000	0
Total Current Debt	419 000	601 000	417 000	30 000
Total Equity and Debt	799 000	1 173 000	851 000	892 000

Financial indicators	2022	2021	2020	2019
Return on Equity	16,05 %	69,06 %	61,87 %	9,16 %
Debt-to-Equity Ratio	0	0	0,04	0,04
Operating Profit Margin	15,35 %	51,97 %	53,91 %	36,88 %
Current Ratio	1,47	1,47	1,01	10,53
Quick Ratio	1,47	1,47	1,01	10,53
Equity Ratio	0,48	0,49	0,49	0,93
Gross Profit Margin	94,27 %	100 %	88,93 %	100 %