GUERIN SUBSEA ENGINEERING AS

1365 BLOMMENHOLM

Finances

Share Ownership

Return on Equity

170,99 %

Current Ratio

1,98

Debt-to-Equity Ratio

0,27

Key figures (NOK)	2022	2021	2020	2019
Revenue	3 403 000	1 886 000	1 763 000	346 000
Net Income	1 173 000	69 000	78 000	64 000
Total Assets	1 339 000	827 000	532 000	642 000
Total Equity	686 000	61 000	71 000	78 000

Income (NOK)	2022	2021	2020	2019
Revenue	3 403 000	1 886 000	1 763 000	346 000
Expenditure	1 880 000	1 810 000	1 693 000	278 000
Operating Profit	1 524 000	76 000	70 000	68 000
Financial Income	11 000	1 000	1 000	0
Financial Costs	24 000	14 000	23 000	4 000
Financial Balance	−13 000	−13 000	−22 000	−4 000
Earnings Before Tax	1 511 000	63 000	48 000	64 000
Tax	337 000	−6 000	−30 000	0
Net Income	1 173 000	69 000	78 000	64 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	414 000	219 000	320 000	381 000
Total Current Assets	925 000	607 000	212 000	261 000
Total Assets	1 339 000	827 000	532 000	642 000
Total Retained Equity	652 000	26 000	37 000	44 000
Total Equity	686 000	61 000	71 000	78 000
Total Long-Term Debt	185 000	188 000	361 000	486 000
Total Current Debt	468 000	578 000	99 000	78 000
Total Equity and Debt	1 339 000	827 000	532 000	642 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	3 403 000	1 886 000	1 763 000	346 000
Other Income	0	0	0	0
Revenue	3 403 000	1 886 000	1 763 000	346 000
Cost of Goods Sold	1 460 000	1 317 000	1 169 000	0
Salary Costs	0	45 000	130 000	114 000
Depreciation	80 000	84 000	77 000	6 000
Impairment	0	0	0	0
Expenditure	1 880 000	1 810 000	1 693 000	278 000
Operating Profit	1 524 000	76 000	70 000	68 000
Financial Income	11 000	1 000	1 000	0
Financial Costs	24 000	14 000	23 000	4 000
Financial Balance	−13 000	−13 000	−22 000	−4 000
Dividends	0	0	0	0
Net Income	1 173 000	69 000	78 000	64 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	0	0	17 000	0
Real Eastate	0	0	0	0
Machinery and Plant Facilities	0	0	0	0
Fixtures	414 000	219 000	303 000	381 000
Total Tangible Assets	414 000	219 000	303 000	381 000
Total Fiancial Fixed Assets	0	0	0	0
Total Fixed Assets	414 000	219 000	320 000	381 000
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	105 000	216 000	181 000	123 000
Total Current Assets	925 000	607 000	212 000	261 000
Total Assets	1 339 000	827 000	532 000	642 000
Total Equity	686 000	61 000	71 000	78 000
Short-Term Group Debt	10 000	0	0	0
Total Long-Term Debt	185 000	188 000	361 000	486 000
Creditors	20 000	420 000	12 000	9 000
Unpaid Taxes	77 000	127 000	58 000	57 000
Dividends	0	0	0	0
Other Current Debt	8 000	−5 000	2 000	−2 000
Total Current Debt	468 000	578 000	99 000	78 000
Total Equity and Debt	1 339 000	827 000	532 000	642 000

Financial indicators	2022	2021	2020	2019
Return on Equity	170,99 %	113,11 %	109,86 %	82,05 %
Debt-to-Equity Ratio	0,27	3,08	5,08	6,23
Operating Profit Margin	44,78 %	4,03 %	3,97 %	19,65 %
Current Ratio	1,98	1,05	2,14	3,35
Quick Ratio	1,98	1,05	2,14	3,35
Equity Ratio	0,51	0,07	0,13	0,12
Gross Profit Margin	57,1 %	30,17 %	33,69 %	100 %