ÅLESUND SUBSEA AS

6050 VALDERØYA

Finances

Share Ownership

Return on Equity

81,4 %

Current Ratio

Debt-to-Equity Ratio

−0

Key figures (NOK)	2022	2021	2020	2019
Revenue	373 000	0	0	−87 000
Net Income	−35 000	−5 000	−18 000	−220 000
Total Assets	20 000	20 000	20 000	27 000
Total Equity	−43 000	−9 000	−3 000	14 000

Income (NOK)	2022	2021	2020	2019
Revenue	373 000	0	0	−87 000
Expenditure	407 000	5 000	17 000	133 000
Operating Profit	−34 000	−5 000	−18 000	−220 000
Financial Income	2 000	0	0	0
Financial Costs	3 000	0	0	0
Financial Balance	−1 000	0	0	0
Earnings Before Tax	−35 000	−5 000	−18 000	−220 000
Tax	0	0	0	0
Net Income	−35 000	−5 000	−18 000	−220 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	20 000	20 000	20 000	27 000
Total Current Assets	0	0	0	0
Total Assets	20 000	20 000	20 000	27 000
Total Retained Equity	−68 000	−33 000	−28 000	−10 000
Total Equity	−43 000	−9 000	−3 000	14 000
Total Long-Term Debt	0	0	0	0
Total Current Debt	63 000	28 000	24 000	13 000
Total Equity and Debt	20 000	20 000	20 000	27 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	373 000	0	0	−87 000
Other Income	0	0	0	0
Revenue	373 000	0	0	−87 000
Cost of Goods Sold	0	0	0	0
Salary Costs	236 000	0	0	0
Depreciation	0	0	6 000	15 000
Impairment	0	0	0	0
Expenditure	407 000	5 000	17 000	133 000
Operating Profit	−34 000	−5 000	−18 000	−220 000
Financial Income	2 000	0	0	0
Financial Costs	3 000	0	0	0
Financial Balance	−1 000	0	0	0
Dividends	0	0	0	0
Net Income	−35 000	−5 000	−18 000	−220 000

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	6 000
Total Tangible Assets	0	0	0	6 000
Total Fiancial Fixed Assets	20 000	20 000	20 000	20 000
Total Fixed Assets	20 000	20 000	20 000	27 000
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	0	0	0	0
Total Current Assets	0	0	0	0
Total Assets	20 000	20 000	20 000	27 000
Total Equity	−43 000	−9 000	−3 000	14 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	0	0	0	0
Creditors	34 000	28 000	24 000	13 000
Unpaid Taxes	29 000	0	0	0
Dividends	0	0	0	0
Other Current Debt	1 000	0	0	0
Total Current Debt	63 000	28 000	24 000	13 000
Total Equity and Debt	20 000	20 000	20 000	27 000

Financial indicators	2022	2021	2020	2019
Return on Equity	81,4 %	55,56 %	600 %	−1 571,43 %
Debt-to-Equity Ratio	−0	−0	−0	0
Operating Profit Margin	−9,12 %	-	-	252,87 %
Current Ratio	0	0	0	0
Quick Ratio	0	0	0	0
Equity Ratio	−2,15	−0,45	−0,15	0,52
Gross Profit Margin	100 %	-	-	100 %