SEABED SOLUTIONS AS

4640 SØGNE

Finances

Return on Equity

10,65 %

Current Ratio

4,11

Debt-to-Equity Ratio

1,66

Key figures (NOK)	2022	2021	2020	2019
Revenue	16 498 000	5 092 000	7 176 000	5 404 000
Net Income	632 000	353 000	2 887 000	2 817 000
Total Assets	18 331 000	15 209 000	13 438 000	3 013 000
Total Equity	5 934 000	5 303 000	4 950 000	2 063 000

Income (NOK)	2022	2021	2020	2019
Revenue	16 498 000	5 092 000	7 176 000	5 404 000
Expenditure	15 380 000	4 197 000	3 493 000	2 477 000
Operating Profit	1 118 000	895 000	3 683 000	2 926 000
Financial Income	43 000	0	0	0
Financial Costs	393 000	442 000	458 000	109 000
Financial Balance	−350 000	−442 000	−458 000	−109 000
Earnings Before Tax	768 000	452 000	3 226 000	2 817 000
Tax	136 000	100 000	338 000	0
Net Income	632 000	353 000	2 887 000	2 817 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	7 954 000	5 728 000	6 210 000	31 000
Total Current Assets	10 377 000	9 482 000	7 228 000	2 982 000
Total Assets	18 331 000	15 209 000	13 438 000	3 013 000
Total Retained Equity	1 990 000	1 358 000	1 006 000	−1 882 000
Total Equity	5 934 000	5 303 000	4 950 000	2 063 000
Total Long-Term Debt	9 870 000	8 483 000	6 583 000	0
Total Current Debt	2 527 000	1 423 000	1 905 000	950 000
Total Equity and Debt	18 331 000	15 209 000	13 438 000	3 013 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	16 498 000	3 442 000	1 896 000	2 761 000
Other Income	0	1 650 000	5 280 000	2 643 000
Revenue	16 498 000	5 092 000	7 176 000	5 404 000
Cost of Goods Sold	7 938 000	167 000	212 000	396 000
Salary Costs	3 928 000	1 774 000	940 000	1 071 000
Depreciation	815 000	697 000	854 000	159 000
Impairment	0	0	0	0
Expenditure	15 380 000	4 197 000	3 493 000	2 477 000
Operating Profit	1 118 000	895 000	3 683 000	2 926 000
Financial Income	43 000	0	0	0
Financial Costs	393 000	442 000	458 000	109 000
Financial Balance	−350 000	−442 000	−458 000	−109 000
Dividends	0	0	0	0
Net Income	632 000	353 000	2 887 000	2 817 000

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	6 420 000	5 687 000	6 201 000	31 000
Fixtures	180 000	0	0	0
Total Tangible Assets	6 599 000	5 687 000	6 201 000	31 000
Total Fiancial Fixed Assets	1 355 000	41 000	8 000	0
Total Fixed Assets	7 954 000	5 728 000	6 210 000	31 000
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	583 000	4 831 000	23 000	2 608 000
Total Current Assets	10 377 000	9 482 000	7 228 000	2 982 000
Total Assets	18 331 000	15 209 000	13 438 000	3 013 000
Total Equity	5 934 000	5 303 000	4 950 000	2 063 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	9 870 000	8 483 000	6 583 000	0
Creditors	1 711 000	333 000	403 000	226 000
Unpaid Taxes	241 000	833 000	56 000	117 000
Dividends	0	0	0	0
Other Current Debt	575 000	257 000	999 000	607 000
Total Current Debt	2 527 000	1 423 000	1 905 000	950 000
Total Equity and Debt	18 331 000	15 209 000	13 438 000	3 013 000

Financial indicators	2022	2021	2020	2019
Return on Equity	10,65 %	6,66 %	58,32 %	136,55 %
Debt-to-Equity Ratio	1,66	1,6	1,33	0
Operating Profit Margin	6,78 %	17,58 %	51,32 %	54,15 %
Current Ratio	4,11	6,66	3,79	3,14
Quick Ratio	4,11	6,66	3,79	3,14
Equity Ratio	0,32	0,35	0,37	0,68
Gross Profit Margin	51,89 %	96,72 %	97,05 %	92,67 %