SUBSEA FARMING AS

0349 OSLO

Finances

Share Ownership

Return on Equity

17,22 %

Current Ratio

0,88

Debt-to-Equity Ratio

−0,93

Key figures (NOK)	2022	2021	2020	2019
Revenue	0	80 000	129 000	248 000
Net Income	−103 000	−82 000	−131 000	−278 000
Total Assets	317 000	448 000	333 000	445 000
Total Equity	−598 000	−495 000	−413 000	−282 000

Income (NOK)	2022	2021	2020	2019
Revenue	0	80 000	129 000	248 000
Expenditure	103 000	162 000	260 000	526 000
Operating Profit	−103 000	−82 000	−131 000	−278 000
Financial Income	0	0	1 000	0
Financial Costs	0	0	1 000	0
Financial Balance	0	0	0	0
Earnings Before Tax	−103 000	−82 000	−130 000	−278 000
Tax	0	0	0	0
Net Income	−103 000	−82 000	−131 000	−278 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	0	0	0	0
Total Current Assets	317 000	448 000	333 000	445 000
Total Assets	317 000	448 000	333 000	445 000
Total Retained Equity	−628 000	−525 000	−443 000	−312 000
Total Equity	−598 000	−495 000	−413 000	−282 000
Total Long-Term Debt	555 000	589 000	480 000	357 000
Total Current Debt	360 000	353 000	266 000	370 000
Total Equity and Debt	317 000	448 000	333 000	445 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	0	0	57 000	248 000
Other Income	0	80 000	72 000	0
Revenue	0	80 000	129 000	248 000
Cost of Goods Sold	0	0	0	0
Salary Costs	0	0	0	0
Depreciation	0	0	0	0
Impairment	0	0	0	0
Expenditure	103 000	162 000	260 000	526 000
Operating Profit	−103 000	−82 000	−131 000	−278 000
Financial Income	0	0	1 000	0
Financial Costs	0	0	1 000	0
Financial Balance	0	0	0	0
Dividends	0	0	0	0
Net Income	−103 000	−82 000	−131 000	−278 000

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	0	0	0	0
Total Fixed Assets	0	0	0	0
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	291 000	421 000	307 000	152 000
Total Current Assets	317 000	448 000	333 000	445 000
Total Assets	317 000	448 000	333 000	445 000
Total Equity	−598 000	−495 000	−413 000	−282 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	555 000	589 000	480 000	357 000
Creditors	360 000	377 000	247 000	5 000
Unpaid Taxes	0	0	0	0
Dividends	0	0	0	0
Other Current Debt	0	0	0	365 000
Total Current Debt	360 000	353 000	266 000	370 000
Total Equity and Debt	317 000	448 000	333 000	445 000

Financial indicators	2022	2021	2020	2019
Return on Equity	17,22 %	16,57 %	31,72 %	98,58 %
Debt-to-Equity Ratio	−0,93	−1,19	−1,16	−1,27
Operating Profit Margin	-	−102,5 %	−101,55 %	−112,1 %
Current Ratio	0,88	1,27	1,25	1,2
Quick Ratio	0,88	1,27	1,25	1,2
Equity Ratio	−1,89	−1,1	−1,24	−0,63
Gross Profit Margin	-	100 %	100 %	100 %