GTO SUBSEA AS

6517 KRISTIANSUND N

Finances

Share Ownership

Return on Equity

−6,81 %

Current Ratio

0,51

Debt-to-Equity Ratio

Key figures (NOK)	2022	2021	2020	2019
Revenue	1 500 000	210 000	75 000	403 000
Net Income	−69 000	−35 000	−1 423 000	−1 211 000
Total Assets	2 116 000	2 831 000	2 698 000	4 088 000
Total Equity	1 013 000	1 082 000	1 117 000	2 541 000

Income (NOK)	2022	2021	2020	2019
Revenue	1 500 000	210 000	75 000	403 000
Expenditure	1 569 000	241 000	1 490 000	1 611 000
Operating Profit	−69 000	−31 000	−1 415 000	−1 208 000
Financial Income	0	0	0	0
Financial Costs	1 000	4 000	9 000	3 000
Financial Balance	−1 000	−4 000	−9 000	−3 000
Earnings Before Tax	−69 000	−35 000	−1 423 000	−1 211 000
Tax	0	0	0	0
Net Income	−69 000	−35 000	−1 423 000	−1 211 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	1 550 000	0	30 000	1 179 000
Total Current Assets	566 000	2 831 000	2 668 000	2 909 000
Total Assets	2 116 000	2 831 000	2 698 000	4 088 000
Total Retained Equity	990 000	1 060 000	1 095 000	2 518 000
Total Equity	1 013 000	1 082 000	1 117 000	2 541 000
Total Long-Term Debt	0	0	0	0
Total Current Debt	1 103 000	1 749 000	1 581 000	1 547 000
Total Equity and Debt	2 116 000	2 831 000	2 698 000	4 088 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	0	210 000	75 000	403 000
Other Income	1 500 000	0	0	0
Revenue	1 500 000	210 000	75 000	403 000
Cost of Goods Sold	0	0	0	0
Salary Costs	0	0	0	0
Depreciation	3 000	0	1 089 000	1 187 000
Impairment	0	0	0	0
Expenditure	1 569 000	241 000	1 490 000	1 611 000
Operating Profit	−69 000	−31 000	−1 415 000	−1 208 000
Financial Income	0	0	0	0
Financial Costs	1 000	4 000	9 000	3 000
Financial Balance	−1 000	−4 000	−9 000	−3 000
Dividends	0	0	0	0
Net Income	−69 000	−35 000	−1 423 000	−1 211 000

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	1 089 000
Fixtures	27 000	0	0	0
Total Tangible Assets	27 000	0	0	1 089 000
Total Fiancial Fixed Assets	1 523 000	0	30 000	90 000
Total Fixed Assets	1 550 000	0	30 000	1 179 000
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	185 000	259 000	52 000	91 000
Total Current Assets	566 000	2 831 000	2 668 000	2 909 000
Total Assets	2 116 000	2 831 000	2 698 000	4 088 000
Total Equity	1 013 000	1 082 000	1 117 000	2 541 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	0	0	0	0
Creditors	675 000	671 000	503 000	467 000
Unpaid Taxes	0	0	0	3 000
Dividends	0	0	0	0
Other Current Debt	429 000	1 077 000	1 077 000	1 077 000
Total Current Debt	1 103 000	1 749 000	1 581 000	1 547 000
Total Equity and Debt	2 116 000	2 831 000	2 698 000	4 088 000

Financial indicators	2022	2021	2020	2019
Return on Equity	−6,81 %	−3,23 %	−127,39 %	−47,66 %
Debt-to-Equity Ratio	0	0	0	0
Operating Profit Margin	−4,6 %	−14,76 %	−1 886,67 %	−299,75 %
Current Ratio	0,51	1,62	1,69	1,88
Quick Ratio	0,51	1,62	1,69	1,88
Equity Ratio	0,48	0,38	0,41	0,62
Gross Profit Margin	100 %	100 %	100 %	100 %