TSC SUBSEA AS

5106 ØVRE ERVIK

Finances

Share Ownership

Return on Equity

30,51 %

Current Ratio

2,34

Debt-to-Equity Ratio

Key figures (NOK)	2022	2021	2020	2019
Revenue	62 825 000	50 214 000	38 359 000	22 345 000
Net Income	16 434 000	4 315 000	6 967 000	3 899 000
Total Assets	68 366 000	57 881 000	57 549 000	37 377 000
Total Equity	53 870 000	38 492 000	35 293 000	29 879 000

Income (NOK)	2022	2021	2020	2019
Revenue	62 825 000	50 214 000	38 359 000	22 345 000
Expenditure	46 614 000	46 196 000	32 780 000	18 669 000
Operating Profit	16 211 000	4 019 000	5 579 000	3 675 000
Financial Income	2 924 000	1 634 000	176 000	259 000
Financial Costs	134 000	88 000	482 000	35 000
Financial Balance	2 790 000	1 546 000	−306 000	224 000
Earnings Before Tax	19 001 000	5 565 000	5 274 000	3 899 000
Tax	2 568 000	1 250 000	−1 693 000	0
Net Income	16 434 000	4 315 000	6 967 000	3 899 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	34 430 000	26 250 000	19 645 000	12 061 000
Total Current Assets	33 936 000	31 630 000	37 904 000	25 316 000
Total Assets	68 366 000	57 881 000	57 549 000	37 377 000
Total Retained Equity	26 655 000	11 276 000	8 078 000	2 664 000
Total Equity	53 870 000	38 492 000	35 293 000	29 879 000
Total Long-Term Debt	0	3 939 000	3 861 000	0
Total Current Debt	14 496 000	15 450 000	18 395 000	7 498 000
Total Equity and Debt	68 366 000	57 881 000	57 549 000	37 377 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	62 825 000	50 214 000	40 464 000	19 661 000
Other Income	0	0	−2 105 000	2 684 000
Revenue	62 825 000	50 214 000	38 359 000	22 345 000
Cost of Goods Sold	15 752 000	18 537 000	10 689 000	4 158 000
Salary Costs	15 407 000	12 810 000	9 998 000	5 499 000
Depreciation	5 299 000	3 005 000	2 659 000	2 573 000
Impairment	0	0	0	0
Expenditure	46 614 000	46 196 000	32 780 000	18 669 000
Operating Profit	16 211 000	4 019 000	5 579 000	3 675 000
Financial Income	2 924 000	1 634 000	176 000	259 000
Financial Costs	134 000	88 000	482 000	35 000
Financial Balance	2 790 000	1 546 000	−306 000	224 000
Dividends	0	0	0	0
Net Income	16 434 000	4 315 000	6 967 000	3 899 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	9 147 000	2 168 000	2 454 000	0
Real Eastate	0	0	0	0
Machinery and Plant Facilities	24 797 000	23 818 000	16 892 000	11 735 000
Fixtures	475 000	256 000	295 000	319 000
Total Tangible Assets	25 271 000	24 074 000	17 188 000	12 054 000
Total Fiancial Fixed Assets	12 000	8 000	4 000	7 000
Total Fixed Assets	34 430 000	26 250 000	19 645 000	12 061 000
Stock	419 000	0	0	0
Total Investments	0	0	0	0
Cash, Bank	3 643 000	6 214 000	5 167 000	3 122 000
Total Current Assets	33 936 000	31 630 000	37 904 000	25 316 000
Total Assets	68 366 000	57 881 000	57 549 000	37 377 000
Total Equity	53 870 000	38 492 000	35 293 000	29 879 000
Short-Term Group Debt	3 766 000	9 026 000	12 012 000	0
Total Long-Term Debt	0	3 939 000	3 861 000	0
Creditors	1 588 000	1 656 000	3 335 000	5 561 000
Unpaid Taxes	1 382 000	1 000 000	372 000	674 000
Dividends	0	0	0	0
Other Current Debt	6 177 000	3 431 000	2 675 000	1 263 000
Total Current Debt	14 496 000	15 450 000	18 395 000	7 498 000
Total Equity and Debt	68 366 000	57 881 000	57 549 000	37 377 000

Financial indicators	2022	2021	2020	2019
Return on Equity	30,51 %	11,21 %	19,74 %	13,05 %
Debt-to-Equity Ratio	0	0,1	0,11	0
Operating Profit Margin	25,8 %	8 %	14,54 %	16,45 %
Current Ratio	2,34	2,05	2,06	3,38
Quick Ratio	2,41	2,05	2,06	3,38
Equity Ratio	0,79	0,67	0,61	0,8
Gross Profit Margin	74,93 %	63,08 %	72,13 %	81,39 %