X-SUBSEA AS

4515 MANDAL

Finances

Share Ownership

Return on Equity

19,09 %

Current Ratio

N/A

Debt-to-Equity Ratio

1,77

Key figures (NOK)	2022	2021	2020	2019
Revenue	8 775 000	3 480 000	2 900 000	2 030 000
Net Income	3 376 000	513 000	420 000	432 000
Total Assets	49 010 000	21 386 000	23 506 000	20 060 000
Total Equity	17 684 000	11 361 000	849 000	429 000

Income (NOK)	2022	2021	2020	2019
Revenue	8 775 000	3 480 000	2 900 000	2 030 000
Expenditure	3 063 000	2 376 000	1 903 000	1 097 000
Operating Profit	5 712 000	1 104 000	997 000	933 000
Financial Income	0	0	0	0
Financial Costs	1 383 000	447 000	458 000	390 000
Financial Balance	−1 383 000	−447 000	−458 000	−390 000
Earnings Before Tax	4 329 000	657 000	539 000	543 000
Tax	952 000	145 000	119 000	111 000
Net Income	3 376 000	513 000	420 000	432 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	44 341 000	21 090 000	23 209 000	20 057 000
Total Current Assets	4 669 000	295 000	297 000	3 000
Total Assets	49 010 000	21 386 000	23 506 000	20 060 000
Total Retained Equity	4 708 000	1 331 000	819 000	399 000
Total Equity	17 684 000	11 361 000	849 000	429 000
Total Long-Term Debt	31 325 000	10 024 000	22 311 000	19 272 000
Total Current Debt	0	0	346 000	359 000
Total Equity and Debt	49 010 000	21 386 000	23 506 000	20 060 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	8 775 000	3 480 000	2 900 000	2 030 000
Other Income	0	0	0	0
Revenue	8 775 000	3 480 000	2 900 000	2 030 000
Cost of Goods Sold	0	0	0	0
Salary Costs	0	0	0	0
Depreciation	2 976 000	2 299 000	1 838 000	1 063 000
Impairment	0	0	0	0
Expenditure	3 063 000	2 376 000	1 903 000	1 097 000
Operating Profit	5 712 000	1 104 000	997 000	933 000
Financial Income	0	0	0	0
Financial Costs	1 383 000	447 000	458 000	390 000
Financial Balance	−1 383 000	−447 000	−458 000	−390 000
Dividends	0	0	0	0
Net Income	3 376 000	513 000	420 000	432 000

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	31 584 000	21 090 000	23 209 000	20 057 000
Fixtures	0	0	0	0
Total Tangible Assets	31 584 000	21 090 000	23 209 000	20 057 000
Total Fiancial Fixed Assets	12 757 000	0	0	0
Total Fixed Assets	44 341 000	21 090 000	23 209 000	20 057 000
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	1 000	1 000	1 000	3 000
Total Current Assets	4 669 000	295 000	297 000	3 000
Total Assets	49 010 000	21 386 000	23 506 000	20 060 000
Total Equity	17 684 000	11 361 000	849 000	429 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	31 325 000	10 024 000	22 311 000	19 272 000
Creditors	0	0	346 000	359 000
Unpaid Taxes	0	0	0	0
Dividends	0	0	0	0
Other Current Debt	0	0	0	0
Total Current Debt	0	0	346 000	359 000
Total Equity and Debt	49 010 000	21 386 000	23 506 000	20 060 000

Financial indicators	2022	2021	2020	2019
Return on Equity	19,09 %	4,52 %	49,47 %	100,7 %
Debt-to-Equity Ratio	1,77	0,88	26,28	44,92
Operating Profit Margin	65,09 %	31,72 %	34,38 %	45,96 %
Current Ratio	-	-	0,86	0,01
Quick Ratio	-	-	0,86	0,01
Equity Ratio	0,36	0,53	0,04	0,02
Gross Profit Margin	100 %	100 %	100 %	100 %