SUBSEA SOLUTIONS AS

4056 TANANGER

Finances

Return on Equity

45,88 %

Current Ratio

0,56

Debt-to-Equity Ratio

−6,56

Key figures (NOK)	2022	2021	2020	2019
Revenue	0	0	450 000	0
Net Income	−3 159 000	−2 896 000	−1 432 000	−1 660 000
Total Assets	45 659 000	48 331 000	44 792 000	26 635 000
Total Equity	−6 885 000	−3 726 000	−830 000	−1 493 000

Income (NOK)	2022	2021	2020	2019
Revenue	0	0	450 000	0
Expenditure	498 000	2 082 000	1 593 000	1 455 000
Operating Profit	−498 000	−2 082 000	−1 143 000	−1 455 000
Financial Income	928 000	1 295 000	1 052 000	451 000
Financial Costs	3 590 000	2 110 000	1 341 000	656 000
Financial Balance	−2 662 000	−815 000	−289 000	−205 000
Earnings Before Tax	−3 159 000	−2 896 000	−1 432 000	−1 660 000
Tax	0	0	0	0
Net Income	−3 159 000	−2 896 000	−1 432 000	−1 660 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	41 530 000	38 845 000	29 185 000	16 850 000
Total Current Assets	4 129 000	9 487 000	15 607 000	9 785 000
Total Assets	45 659 000	48 331 000	44 792 000	26 635 000
Total Retained Equity	−6 927 000	−3 768 000	−2 955 000	−1 523 000
Total Equity	−6 885 000	−3 726 000	−830 000	−1 493 000
Total Long-Term Debt	45 193 000	40 193 000	32 493 000	20 350 000
Total Current Debt	7 352 000	11 865 000	13 129 000	7 779 000
Total Equity and Debt	45 659 000	48 331 000	44 792 000	26 635 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	0	0	450 000	0
Other Income	0	0	0	0
Revenue	0	0	450 000	0
Cost of Goods Sold	0	0	0	0
Salary Costs	0	0	0	0
Depreciation	0	0	0	0
Impairment	0	0	0	0
Expenditure	498 000	2 082 000	1 593 000	1 455 000
Operating Profit	−498 000	−2 082 000	−1 143 000	−1 455 000
Financial Income	928 000	1 295 000	1 052 000	451 000
Financial Costs	3 590 000	2 110 000	1 341 000	656 000
Financial Balance	−2 662 000	−815 000	−289 000	−205 000
Dividends	0	0	0	0
Net Income	−3 159 000	−2 896 000	−1 432 000	−1 660 000

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	0	0
Total Tangible Assets	0	0	0	0
Total Fiancial Fixed Assets	41 530 000	38 845 000	29 185 000	16 850 000
Total Fixed Assets	41 530 000	38 845 000	29 185 000	16 850 000
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	76 000	51 000	194 000	73 000
Total Current Assets	4 129 000	9 487 000	15 607 000	9 785 000
Total Assets	45 659 000	48 331 000	44 792 000	26 635 000
Total Equity	−6 885 000	−3 726 000	−830 000	−1 493 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	45 193 000	40 193 000	32 493 000	20 350 000
Creditors	5 000	205 000	475 000	91 000
Unpaid Taxes	0	0	0	0
Dividends	0	0	0	0
Other Current Debt	4 662 000	2 000 000	319 000	138 000
Total Current Debt	7 352 000	11 865 000	13 129 000	7 779 000
Total Equity and Debt	45 659 000	48 331 000	44 792 000	26 635 000

Financial indicators	2022	2021	2020	2019
Return on Equity	45,88 %	77,72 %	172,53 %	111,19 %
Debt-to-Equity Ratio	−6,56	−10,79	−39,15	−13,63
Operating Profit Margin	-	-	−254 %	-
Current Ratio	0,56	0,8	1,19	1,26
Quick Ratio	0,56	0,8	1,19	1,26
Equity Ratio	−0,15	−0,08	−0,02	−0,06
Gross Profit Margin	-	-	100 %	-