SUBMET AS

6265 VATNE

Finances

Share Ownership

Return on Equity

52,42 %

Current Ratio

0,39

Debt-to-Equity Ratio

−0

Key figures (NOK)	2021	2020	2019	2018
Revenue	19 916 000	35 780 000	88 487 000	75 501 000
Net Income	−2 655 000	−4 071 000	1 484 000	519 000
Total Assets	5 141 000	9 637 000	18 159 000	17 819 000
Total Equity	−5 065 000	−2 409 000	1 662 000	178 000

Income (NOK)	2021	2020	2019	2018
Revenue	19 916 000	35 780 000	88 487 000	75 501 000
Expenditure	22 498 000	40 980 000	87 041 000	74 951 000
Operating Profit	−2 582 000	−5 201 000	1 447 000	550 000
Financial Income	0	1 000	11 000	2 000
Financial Costs	73 000	20 000	20 000	34 000
Financial Balance	−73 000	−19 000	−9 000	−32 000
Earnings Before Tax	−2 655 000	−5 220 000	1 439 000	519 000
Tax	0	−1 148 000	−46 000	0
Net Income	−2 655 000	−4 071 000	1 484 000	519 000

Balance (NOK)	2021	2020	2019	2018
Total Fixed Assets	1 194 000	1 194 000	46 000	721 000
Total Current Assets	3 947 000	8 443 000	18 113 000	17 099 000
Total Assets	5 141 000	9 637 000	18 159 000	17 819 000
Total Retained Equity	−6 095 000	−3 439 000	632 000	−852 000
Total Equity	−5 065 000	−2 409 000	1 662 000	178 000
Total Long-Term Debt	0	0	0	0
Total Current Debt	10 205 000	12 047 000	16 497 000	17 642 000
Total Equity and Debt	5 141 000	9 637 000	18 159 000	17 819 000

Cash flow (NOK)	2021	2020	2019	2018
Sales Income	19 916 000	35 780 000	88 487 000	75 501 000
Other Income	0	0	0	0
Revenue	19 916 000	35 780 000	88 487 000	75 501 000
Cost of Goods Sold	53 000	8 000	244 000	161 000
Salary Costs	15 727 000	27 453 000	71 261 000	60 638 000
Depreciation	0	0	0	0
Impairment	0	0	0	0
Expenditure	22 498 000	40 980 000	87 041 000	74 951 000
Operating Profit	−2 582 000	−5 201 000	1 447 000	550 000
Financial Income	0	1 000	11 000	2 000
Financial Costs	73 000	20 000	20 000	34 000
Financial Balance	−73 000	−19 000	−9 000	−32 000
Dividends	0	0	0	0
Net Income	−2 655 000	−4 071 000	1 484 000	519 000

Balance details (NOK)	2021	2020	2019	2018
Goodwill	0	0	0	0
Total Intangible Assets	1 194 000	1 194 000	46 000	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	0	0	0	721 000
Total Fixed Assets	1 194 000	1 194 000	46 000	721 000
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	1 723 000	7 584 000	5 821 000	7 119 000
Total Current Assets	3 947 000	8 443 000	18 113 000	17 099 000
Total Assets	5 141 000	9 637 000	18 159 000	17 819 000
Total Equity	−5 065 000	−2 409 000	1 662 000	178 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	0	0	0	0
Creditors	1 470 000	554 000	1 879 000	936 000
Unpaid Taxes	4 880 000	7 180 000	7 081 000	8 152 000
Dividends	0	0	0	0
Other Current Debt	3 854 000	4 312 000	7 537 000	8 553 000
Total Current Debt	10 205 000	12 047 000	16 497 000	17 642 000
Total Equity and Debt	5 141 000	9 637 000	18 159 000	17 819 000

Financial indicators	2021	2020	2019	2018
Return on Equity	52,42 %	168,99 %	89,29 %	291,57 %
Debt-to-Equity Ratio	−0	−0	0	0
Operating Profit Margin	−12,96 %	−14,54 %	1,64 %	0,73 %
Current Ratio	0,39	0,7	1,1	0,97
Quick Ratio	0,39	0,7	1,1	0,97
Equity Ratio	−0,99	−0,25	0,09	0,01
Gross Profit Margin	99,73 %	99,98 %	99,72 %	99,79 %