SUBMERGED AS

7105 STADSBYGD

Finances

Share Ownership

Return on Equity

−50,1 %

Current Ratio

6,19

Debt-to-Equity Ratio

1,19

Key figures (NOK)	2022	2021	2020	2019
Revenue	3 112 000	873 000	2 290 000	1 444 000
Net Income	−2 687 000	−166 000	−527 000	−310 000
Total Assets	13 046 000	6 399 000	2 879 000	2 289 000
Total Equity	5 363 000	2 650 000	2 360 000	1 987 000

Income (NOK)	2022	2021	2020	2019
Revenue	3 112 000	873 000	2 290 000	1 444 000
Expenditure	5 641 000	1 032 000	2 824 000	1 755 000
Operating Profit	−2 528 000	−160 000	−533 000	−311 000
Financial Income	14 000	6 000	7 000	0
Financial Costs	173 000	12 000	0	0
Financial Balance	−159 000	−6 000	7 000	0
Earnings Before Tax	−2 687 000	−166 000	−527 000	−310 000
Tax	0	0	0	0
Net Income	−2 687 000	−166 000	−527 000	−310 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	5 096 000	3 200 000	1 396 000	0
Total Current Assets	7 950 000	3 199 000	1 483 000	2 289 000
Total Assets	13 046 000	6 399 000	2 879 000	2 289 000
Total Retained Equity	−3 776 000	−1 090 000	−924 000	−397 000
Total Equity	5 363 000	2 650 000	2 360 000	1 987 000
Total Long-Term Debt	6 400 000	2 400 000	0	0
Total Current Debt	1 284 000	1 349 000	519 000	302 000
Total Equity and Debt	13 046 000	6 399 000	2 879 000	2 289 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	2 780 000	130 000	400 000	300 000
Other Income	333 000	743 000	1 890 000	1 144 000
Revenue	3 112 000	873 000	2 290 000	1 444 000
Cost of Goods Sold	2 621 000	61 000	199 000	73 000
Salary Costs	732 000	470 000	1 816 000	521 000
Depreciation	632 000	10 000	6 000	0
Impairment	0	0	0	0
Expenditure	5 641 000	1 032 000	2 824 000	1 755 000
Operating Profit	−2 528 000	−160 000	−533 000	−311 000
Financial Income	14 000	6 000	7 000	0
Financial Costs	173 000	12 000	0	0
Financial Balance	−159 000	−6 000	7 000	0
Dividends	0	0	0	0
Net Income	−2 687 000	−166 000	−527 000	−310 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	4 887 000	2 877 000	1 067 000	0
Real Eastate	0	0	0	0
Machinery and Plant Facilities	0	0	0	0
Fixtures	10 000	22 000	28 000	0
Total Tangible Assets	10 000	22 000	28 000	0
Total Fiancial Fixed Assets	200 000	301 000	301 000	0
Total Fixed Assets	5 096 000	3 200 000	1 396 000	0
Stock	2 143 000	1 475 000	0	0
Total Investments	0	0	0	0
Cash, Bank	4 175 000	721 000	387 000	1 829 000
Total Current Assets	7 950 000	3 199 000	1 483 000	2 289 000
Total Assets	13 046 000	6 399 000	2 879 000	2 289 000
Total Equity	5 363 000	2 650 000	2 360 000	1 987 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	6 400 000	2 400 000	0	0
Creditors	394 000	289 000	38 000	0
Unpaid Taxes	77 000	360 000	166 000	40 000
Dividends	0	0	0	0
Other Current Debt	812 000	701 000	314 000	261 000
Total Current Debt	1 284 000	1 349 000	519 000	302 000
Total Equity and Debt	13 046 000	6 399 000	2 879 000	2 289 000

Financial indicators	2022	2021	2020	2019
Return on Equity	−50,1 %	−6,26 %	−22,33 %	−15,6 %
Debt-to-Equity Ratio	1,19	0,91	0	0
Operating Profit Margin	−81,23 %	−18,33 %	−23,28 %	−21,54 %
Current Ratio	6,19	2,37	2,86	7,58
Quick Ratio	−9,25	−25,39	2,86	7,58
Equity Ratio	0,41	0,41	0,82	0,87
Gross Profit Margin	15,78 %	93,01 %	91,31 %	94,94 %