SUBSEAX AS

3426 GULLAUG

Finances

Share Ownership

Return on Equity

107,89 %

Current Ratio

1,19

Debt-to-Equity Ratio

Key figures (NOK)	2022	2021	2020	2019
Revenue	624 000	713 000	391 000	197 000
Net Income	41 000	−341 000	−408 000	−386 000
Total Assets	234 000	413 000	497 000	867 000
Total Equity	38 000	−3 000	338 000	746 000

Income (NOK)	2022	2021	2020	2019
Revenue	624 000	713 000	391 000	197 000
Expenditure	563 000	1 051 000	798 000	584 000
Operating Profit	61 000	−338 000	−406 000	−387 000
Financial Income	1 000	1 000	5 000	1 000
Financial Costs	20 000	4 000	6 000	0
Financial Balance	−19 000	−3 000	−1 000	1 000
Earnings Before Tax	41 000	−341 000	−408 000	−386 000
Tax	0	0	0	0
Net Income	41 000	−341 000	−408 000	−386 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	0	0	0	0
Total Current Assets	234 000	413 000	497 000	867 000
Total Assets	234 000	413 000	497 000	867 000
Total Retained Equity	−1 111 000	−1 152 000	−811 000	−403 000
Total Equity	38 000	−3 000	338 000	746 000
Total Long-Term Debt	0	250 000	0	0
Total Current Debt	196 000	166 000	159 000	122 000
Total Equity and Debt	234 000	413 000	497 000	867 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	474 000	113 000	390 000	197 000
Other Income	150 000	600 000	2 000	0
Revenue	624 000	713 000	391 000	197 000
Cost of Goods Sold	113 000	433 000	304 000	335 000
Salary Costs	384 000	483 000	398 000	193 000
Depreciation	0	0	0	0
Impairment	0	0	0	0
Expenditure	563 000	1 051 000	798 000	584 000
Operating Profit	61 000	−338 000	−406 000	−387 000
Financial Income	1 000	1 000	5 000	1 000
Financial Costs	20 000	4 000	6 000	0
Financial Balance	−19 000	−3 000	−1 000	1 000
Dividends	0	0	0	0
Net Income	41 000	−341 000	−408 000	−386 000

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	228 000	407 000	479 000	856 000
Total Current Assets	234 000	413 000	497 000	867 000
Total Assets	234 000	413 000	497 000	867 000
Total Equity	38 000	−3 000	338 000	746 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	0	250 000	0	0
Creditors	89 000	74 000	76 000	32 000
Unpaid Taxes	49 000	26 000	22 000	57 000
Dividends	0	0	0	0
Other Current Debt	59 000	67 000	60 000	32 000
Total Current Debt	196 000	166 000	159 000	122 000
Total Equity and Debt	234 000	413 000	497 000	867 000

Financial indicators	2022	2021	2020	2019
Return on Equity	107,89 %	11 366,67 %	−120,71 %	−51,74 %
Debt-to-Equity Ratio	0	−83,33	0	0
Operating Profit Margin	9,78 %	−47,41 %	−103,84 %	−196,45 %
Current Ratio	1,19	2,49	3,13	7,11
Quick Ratio	1,19	2,49	3,13	7,11
Equity Ratio	0,16	−0,01	0,68	0,86
Gross Profit Margin	81,89 %	39,27 %	22,25 %	−70,05 %