SUBSEA USB AS

4313 SANDNES

Finances

Share Ownership

Return on Equity

16,84 %

Current Ratio

0,57

Debt-to-Equity Ratio

−0,06

Key figures (NOK)	2022	2021	2020	2019
Revenue	8 977 000	1 512 000	0	250 000
Net Income	−337 000	−1 581 000	−247 000	−77 000
Total Assets	5 229 000	3 823 000	36 000	225 000
Total Equity	−2 001 000	−1 664 000	−83 000	165 000

Income (NOK)	2022	2021	2020	2019
Revenue	8 977 000	1 512 000	0	250 000
Expenditure	9 307 000	3 093 000	247 000	326 000
Operating Profit	−331 000	−1 581 000	−247 000	−77 000
Financial Income	3 000	0	0	0
Financial Costs	10 000	0	0	0
Financial Balance	−7 000	0	0	0
Earnings Before Tax	−337 000	−1 581 000	−247 000	−77 000
Tax	0	0	0	0
Net Income	−337 000	−1 581 000	−247 000	−77 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	1 200 000	0	0	0
Total Current Assets	4 029 000	3 823 000	36 000	225 000
Total Assets	5 229 000	3 823 000	36 000	225 000
Total Retained Equity	−2 431 000	−2 094 000	−513 000	−265 000
Total Equity	−2 001 000	−1 664 000	−83 000	165 000
Total Long-Term Debt	114 000	114 000	0	0
Total Current Debt	7 116 000	5 373 000	119 000	60 000
Total Equity and Debt	5 229 000	3 823 000	36 000	225 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	10 854 000	1 512 000	0	0
Other Income	−1 877 000	0	0	250 000
Revenue	8 977 000	1 512 000	0	250 000
Cost of Goods Sold	6 093 000	2 252 000	0	0
Salary Costs	2 287 000	395 000	0	52 000
Depreciation	0	0	0	0
Impairment	0	0	0	0
Expenditure	9 307 000	3 093 000	247 000	326 000
Operating Profit	−331 000	−1 581 000	−247 000	−77 000
Financial Income	3 000	0	0	0
Financial Costs	10 000	0	0	0
Financial Balance	−7 000	0	0	0
Dividends	0	0	0	0
Net Income	−337 000	−1 581 000	−247 000	−77 000

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	1 200 000	0	0	0
Total Fixed Assets	1 200 000	0	0	0
Stock	285 000	0	0	0
Total Investments	0	0	0	0
Cash, Bank	1 154 000	587 000	36 000	221 000
Total Current Assets	4 029 000	3 823 000	36 000	225 000
Total Assets	5 229 000	3 823 000	36 000	225 000
Total Equity	−2 001 000	−1 664 000	−83 000	165 000
Short-Term Group Debt	35 000	35 000	75 000	0
Total Long-Term Debt	114 000	114 000	0	0
Creditors	3 022 000	3 330 000	3 000	7 000
Unpaid Taxes	457 000	60 000	0	0
Dividends	0	0	0	0
Other Current Debt	3 602 000	1 947 000	41 000	53 000
Total Current Debt	7 116 000	5 373 000	119 000	60 000
Total Equity and Debt	5 229 000	3 823 000	36 000	225 000

Financial indicators	2022	2021	2020	2019
Return on Equity	16,84 %	95,01 %	297,59 %	−46,67 %
Debt-to-Equity Ratio	−0,06	−0,07	−0	0
Operating Profit Margin	−3,69 %	−104,56 %	-	−30,8 %
Current Ratio	0,57	0,71	0,3	3,75
Quick Ratio	0,59	0,71	0,3	3,75
Equity Ratio	−0,38	−0,44	−2,31	0,73
Gross Profit Margin	32,13 %	−48,94 %	-	100 %