SUBSEALINK AS

4018 STAVANGER

Finances

Share Ownership

Return on Equity

6,54 %

Current Ratio

1,18

Debt-to-Equity Ratio

−1

Key figures (NOK)	2022	2021	2020	2019
Revenue	0	0	0	82 000
Net Income	−63 000	−94 000	−180 000	−266 000
Total Assets	13 000	18 000	62 000	219 000
Total Equity	−964 000	−901 000	−808 000	−628 000

Income (NOK)	2022	2021	2020	2019
Revenue	0	0	0	82 000
Expenditure	63 000	94 000	181 000	351 000
Operating Profit	−63 000	−93 000	−181 000	−268 000
Financial Income	0	1 000	1 000	2 000
Financial Costs	0	2 000	1 000	0
Financial Balance	0	−1 000	0	2 000
Earnings Before Tax	−63 000	−94 000	−180 000	−266 000
Tax	0	0	0	0
Net Income	−63 000	−94 000	−180 000	−266 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	0	0	35 000	76 000
Total Current Assets	13 000	18 000	27 000	143 000
Total Assets	13 000	18 000	62 000	219 000
Total Retained Equity	−994 000	−931 000	−838 000	−658 000
Total Equity	−964 000	−901 000	−808 000	−628 000
Total Long-Term Debt	967 000	913 000	860 000	829 000
Total Current Debt	11 000	6 000	10 000	18 000
Total Equity and Debt	13 000	18 000	62 000	219 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	0	0	0	82 000
Other Income	0	0	0	0
Revenue	0	0	0	82 000
Cost of Goods Sold	0	0	0	0
Salary Costs	9 000	8 000	18 000	75 000
Depreciation	0	35 000	42 000	42 000
Impairment	0	0	0	0
Expenditure	63 000	94 000	181 000	351 000
Operating Profit	−63 000	−93 000	−181 000	−268 000
Financial Income	0	1 000	1 000	2 000
Financial Costs	0	2 000	1 000	0
Financial Balance	0	−1 000	0	2 000
Dividends	0	0	0	0
Net Income	−63 000	−94 000	−180 000	−266 000

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	0	0	35 000	76 000
Total Tangible Assets	0	0	35 000	76 000
Total Fiancial Fixed Assets	0	0	0	0
Total Fixed Assets	0	0	35 000	76 000
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	3 000	5 000	9 000	75 000
Total Current Assets	13 000	18 000	27 000	143 000
Total Assets	13 000	18 000	62 000	219 000
Total Equity	−964 000	−901 000	−808 000	−628 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	967 000	913 000	860 000	829 000
Creditors	5 000	4 000	3 000	12 000
Unpaid Taxes	5 000	2 000	3 000	4 000
Dividends	0	0	0	0
Other Current Debt	1 000	0	3 000	2 000
Total Current Debt	11 000	6 000	10 000	18 000
Total Equity and Debt	13 000	18 000	62 000	219 000

Financial indicators	2022	2021	2020	2019
Return on Equity	6,54 %	10,43 %	22,28 %	42,36 %
Debt-to-Equity Ratio	−1	−1,01	−1,06	−1,32
Operating Profit Margin	-	-	-	−326,83 %
Current Ratio	1,18	3	2,7	7,94
Quick Ratio	1,18	3	2,7	7,94
Equity Ratio	−74,15	−50,06	−13,03	−2,87
Gross Profit Margin	-	-	-	100 %