NEW SUBSEA TECHNOLOGY AS

4056 TANANGER

Finances

Return on Equity

17 033,33 %

Current Ratio

0,99

Debt-to-Equity Ratio

−0

Key figures (NOK)	2022	2021	2020	2019
Revenue	0	7 959 000	17 501 000	15 892 000
Net Income	−511 000	399 000	118 000	968 000
Total Assets	310 000	858 000	6 417 000	7 992 000
Total Equity	−3 000	507 000	2 509 000	2 390 000

Income (NOK)	2022	2021	2020	2019
Revenue	0	7 959 000	17 501 000	15 892 000
Expenditure	475 000	7 450 000	17 330 000	14 618 000
Operating Profit	−475 000	508 000	171 000	1 275 000
Financial Income	1 000	1 000	−10 000	10 000
Financial Costs	37 000	0	1 000	6 000
Financial Balance	−36 000	1 000	−11 000	4 000
Earnings Before Tax	−511 000	509 000	160 000	1 279 000
Tax	0	110 000	42 000	311 000
Net Income	−511 000	399 000	118 000	968 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	0	53 000	208 000	237 000
Total Current Assets	310 000	805 000	6 209 000	7 754 000
Total Assets	310 000	858 000	6 417 000	7 992 000
Total Retained Equity	−38 000	473 000	2 474 000	2 356 000
Total Equity	−3 000	507 000	2 509 000	2 390 000
Total Long-Term Debt	0	0	0	0
Total Current Debt	313 000	350 000	3 908 000	5 601 000
Total Equity and Debt	310 000	858 000	6 417 000	7 992 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	0	8 400 000	17 060 000	15 893 000
Other Income	0	−441 000	441 000	−2 000
Revenue	0	7 959 000	17 501 000	15 892 000
Cost of Goods Sold	0	3 163 000	6 841 000	4 354 000
Salary Costs	0	3 674 000	8 511 000	7 157 000
Depreciation	0	14 000	16 000	110 000
Impairment	0	0	0	60 000
Expenditure	475 000	7 450 000	17 330 000	14 618 000
Operating Profit	−475 000	508 000	171 000	1 275 000
Financial Income	1 000	1 000	−10 000	10 000
Financial Costs	37 000	0	1 000	6 000
Financial Balance	−36 000	1 000	−11 000	4 000
Dividends	0	0	0	750 000
Net Income	−511 000	399 000	118 000	968 000

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	14 000	30 000
Total Tangible Assets	0	0	14 000	30 000
Total Fiancial Fixed Assets	0	53 000	194 000	207 000
Total Fixed Assets	0	53 000	208 000	237 000
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	243 000	793 000	3 205 000	3 325 000
Total Current Assets	310 000	805 000	6 209 000	7 754 000
Total Assets	310 000	858 000	6 417 000	7 992 000
Total Equity	−3 000	507 000	2 509 000	2 390 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	0	0	0	0
Creditors	124 000	51 000	843 000	1 290 000
Unpaid Taxes	0	0	985 000	1 728 000
Dividends	0	0	0	750 000
Other Current Debt	189 000	189 000	2 039 000	1 520 000
Total Current Debt	313 000	350 000	3 908 000	5 601 000
Total Equity and Debt	310 000	858 000	6 417 000	7 992 000

Financial indicators	2022	2021	2020	2019
Return on Equity	17 033,33 %	78,7 %	4,7 %	40,5 %
Debt-to-Equity Ratio	−0	0	0	0
Operating Profit Margin	-	6,38 %	0,98 %	8,02 %
Current Ratio	0,99	2,3	1,59	1,38
Quick Ratio	0,99	2,3	1,59	1,38
Equity Ratio	−0,01	0,59	0,39	0,3
Gross Profit Margin	-	60,26 %	60,91 %	72,6 %