NORWEGIAN SUBSEA AS

0275 OSLO

Finances

Share Ownership

Return on Equity

27,46 %

Current Ratio

5,03

Debt-to-Equity Ratio

1,36

Key figures (NOK)	2022	2021	2020	2019
Revenue	10 274 000	9 236 000	3 571 000	3 241 000
Net Income	667 000	1 399 000	−2 651 000	−3 840 000
Total Assets	7 077 000	6 219 000	2 933 000	5 391 000
Total Equity	2 429 000	1 762 000	−937 000	1 214 000

Income (NOK)	2022	2021	2020	2019
Revenue	10 274 000	9 236 000	3 571 000	3 241 000
Expenditure	9 427 000	7 742 000	6 098 000	6 986 000
Operating Profit	847 000	1 494 000	−2 527 000	−3 744 000
Financial Income	51 000	45 000	6 000	9 000
Financial Costs	231 000	140 000	130 000	104 000
Financial Balance	−180 000	−95 000	−124 000	−95 000
Earnings Before Tax	667 000	1 399 000	−2 651 000	−3 840 000
Tax	0	0	0	0
Net Income	667 000	1 399 000	−2 651 000	−3 840 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	352 000	448 000	228 000	229 000
Total Current Assets	6 725 000	5 770 000	2 706 000	5 162 000
Total Assets	7 077 000	6 219 000	2 933 000	5 391 000
Total Retained Equity	−12 610 000	−13 277 000	−14 676 000	−12 025 000
Total Equity	2 429 000	1 762 000	−937 000	1 214 000
Total Long-Term Debt	3 313 000	3 913 000	3 213 000	2 375 000
Total Current Debt	1 336 000	544 000	658 000	1 802 000
Total Equity and Debt	7 077 000	6 219 000	2 933 000	5 391 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	10 274 000	9 236 000	3 571 000	3 241 000
Other Income	0	0	0	0
Revenue	10 274 000	9 236 000	3 571 000	3 241 000
Cost of Goods Sold	3 799 000	4 006 000	1 804 000	1 483 000
Salary Costs	4 152 000	2 647 000	2 508 000	3 413 000
Depreciation	127 000	153 000	108 000	183 000
Impairment	0	0	0	0
Expenditure	9 427 000	7 742 000	6 098 000	6 986 000
Operating Profit	847 000	1 494 000	−2 527 000	−3 744 000
Financial Income	51 000	45 000	6 000	9 000
Financial Costs	231 000	140 000	130 000	104 000
Financial Balance	−180 000	−95 000	−124 000	−95 000
Dividends	0	0	0	0
Net Income	667 000	1 399 000	−2 651 000	−3 840 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	0	0	0	3 000
Real Eastate	0	0	0	0
Machinery and Plant Facilities	243 000	355 000	122 000	222 000
Fixtures	24 000	8 000	20 000	5 000
Total Tangible Assets	266 000	362 000	142 000	226 000
Total Fiancial Fixed Assets	86 000	86 000	86 000	0
Total Fixed Assets	352 000	448 000	228 000	229 000
Stock	4 259 000	2 782 000	1 714 000	1 833 000
Total Investments	0	0	0	0
Cash, Bank	608 000	388 000	377 000	2 591 000
Total Current Assets	6 725 000	5 770 000	2 706 000	5 162 000
Total Assets	7 077 000	6 219 000	2 933 000	5 391 000
Total Equity	2 429 000	1 762 000	−937 000	1 214 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	3 313 000	3 913 000	3 213 000	2 375 000
Creditors	349 000	75 000	283 000	224 000
Unpaid Taxes	616 000	243 000	157 000	275 000
Dividends	0	0	0	0
Other Current Debt	371 000	226 000	217 000	1 303 000
Total Current Debt	1 336 000	544 000	658 000	1 802 000
Total Equity and Debt	7 077 000	6 219 000	2 933 000	5 391 000

Financial indicators	2022	2021	2020	2019
Return on Equity	27,46 %	79,4 %	282,92 %	−316,31 %
Debt-to-Equity Ratio	1,36	2,22	−3,43	1,96
Operating Profit Margin	8,24 %	16,18 %	−70,76 %	−115,52 %
Current Ratio	5,03	10,61	4,11	2,86
Quick Ratio	−2,3	−2,58	−2,56	−166,52
Equity Ratio	0,34	0,28	−0,32	0,23
Gross Profit Margin	63,02 %	56,63 %	49,48 %	54,24 %