OLYMPIC SUBSEA ASA

6090 FOSNAVÅG

Finances

Return on Equity

161,79 %

Current Ratio

2,45

Debt-to-Equity Ratio

5,65

Key figures (NOK)	2022	2021	2020	2019
Revenue	665 281 000	551 855 000	562 921 000	628 620 000
Net Income	505 355 000	−106 313 000	−508 469 000	−275 215 000
Total Assets	2 196 953 000	2 383 967 000	2 595 169 000	3 320 334 000
Total Equity	312 361 000	−199 953 000	−447 064 000	62 560 000

Income (NOK)	2022	2021	2020	2019
Revenue	665 281 000	551 855 000	562 921 000	628 620 000
Expenditure	167 896 000	511 522 000	959 984 000	721 446 000
Operating Profit	497 385 000	40 333 000	−397 064 000	−92 825 000
Financial Income	213 035 000	89 135 000	136 522 000	30 019 000
Financial Costs	205 046 000	235 267 000	249 834 000	216 676 000
Financial Balance	7 989 000	−146 132 000	−113 312 000	−186 657 000
Earnings Before Tax	505 374 000	−105 799 000	−510 375 000	−279 483 000
Tax	19 000	514 000	−1 907 000	−4 268 000
Net Income	505 355 000	−106 313 000	−508 469 000	−275 215 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	1 904 350 000	2 109 807 000	2 334 841 000	3 078 122 000
Total Current Assets	292 602 000	274 161 000	260 328 000	242 212 000
Total Assets	2 196 953 000	2 383 967 000	2 595 169 000	3 320 334 000
Total Retained Equity	140 404 000	−273 355 000	−511 064 000	−1 440 000
Total Equity	312 361 000	−199 953 000	−447 064 000	62 560 000
Total Long-Term Debt	1 765 067 000	1 810 461 000	135 848 000	427 849 000
Total Current Debt	119 524 000	773 459 000	2 906 385 000	2 829 925 000
Total Equity and Debt	2 196 953 000	2 383 967 000	2 595 169 000	3 320 334 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	541 916 000	515 251 000	562 921 000	628 620 000
Other Income	123 365 000	36 604 000	0	0
Revenue	665 281 000	551 855 000	562 921 000	628 620 000
Cost of Goods Sold	0	0	0	0
Salary Costs	299 874 000	263 455 000	278 585 000	292 360 000
Depreciation	84 486 000	0	0	0
Impairment	−332 000 000	83 566 000	108 810 000	113 086 000
Expenditure	167 896 000	511 522 000	959 984 000	721 446 000
Operating Profit	497 385 000	40 333 000	−397 064 000	−92 825 000
Financial Income	213 035 000	89 135 000	136 522 000	30 019 000
Financial Costs	205 046 000	235 267 000	249 834 000	216 676 000
Financial Balance	7 989 000	−146 132 000	−113 312 000	−186 657 000
Dividends	0	0	0	0
Net Income	505 355 000	−106 313 000	−508 469 000	−275 215 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	0	0	0	0
Real Eastate	0	1 426 000	3 578 000	5 730 000
Machinery and Plant Facilities	0	0	0	0
Fixtures	13 000	30 000	0	0
Total Tangible Assets	1 903 382 000	2 108 864 000	2 333 660 000	3 076 689 000
Total Fiancial Fixed Assets	968 000	942 000	1 181 000	1 432 000
Total Fixed Assets	1 904 350 000	2 109 807 000	2 334 841 000	3 078 122 000
Stock	31 669 000	16 350 000	11 188 000	18 275 000
Total Investments	311 000	385 000	310 000	262 000
Cash, Bank	117 758 000	82 287 000	127 709 000	96 394 000
Total Current Assets	292 602 000	274 161 000	260 328 000	242 212 000
Total Assets	2 196 953 000	2 383 967 000	2 595 169 000	3 320 334 000
Total Equity	312 361 000	−199 953 000	−447 064 000	62 560 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	1 765 067 000	1 810 461 000	135 848 000	427 849 000
Creditors	51 201 000	23 474 000	54 345 000	49 707 000
Unpaid Taxes	22 111 000	19 836 000	18 601 000	20 011 000
Dividends	0	0	0	0
Other Current Debt	46 148 000	58 396 000	120 400 000	50 088 000
Total Current Debt	119 524 000	773 459 000	2 906 385 000	2 829 925 000
Total Equity and Debt	2 196 953 000	2 383 967 000	2 595 169 000	3 320 334 000

Financial indicators	2022	2021	2020	2019
Return on Equity	161,79 %	53,17 %	113,74 %	−439,92 %
Debt-to-Equity Ratio	5,65	−9,05	−0,3	6,84
Operating Profit Margin	74,76 %	7,31 %	−70,54 %	−14,77 %
Current Ratio	2,45	0,35	0,09	0,09
Quick Ratio	3,33	0,36	0,09	0,09
Equity Ratio	0,14	−0,08	−0,17	0,02
Gross Profit Margin	100 %	100 %	100 %	100 %