ELFO SUBSEA AS

3614 KONGSBERG

Finances

Share Ownership

Return on Equity

31,57 %

Current Ratio

3,15

Debt-to-Equity Ratio

0,2

Key figures (NOK)	2022	2021	2020	2019
Revenue	27 653 000	29 819 000	20 737 000	3 935 000
Net Income	3 057 000	4 214 000	4 477 000	−95 000
Total Assets	16 352 000	23 066 000	8 594 000	1 775 000
Total Equity	9 682 000	7 625 000	4 411 000	135 000

Income (NOK)	2022	2021	2020	2019
Revenue	27 653 000	29 819 000	20 737 000	3 935 000
Expenditure	23 851 000	23 731 000	15 343 000	3 958 000
Operating Profit	3 801 000	6 089 000	5 393 000	−24 000
Financial Income	271 000	8 000	91 000	1 000
Financial Costs	310 000	793 000	67 000	32 000
Financial Balance	−39 000	−785 000	24 000	−31 000
Earnings Before Tax	3 763 000	5 304 000	5 417 000	−54 000
Tax	705 000	1 090 000	941 000	41 000
Net Income	3 057 000	4 214 000	4 477 000	−95 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	1 344 000	1 841 000	349 000	36 000
Total Current Assets	15 008 000	21 224 000	8 246 000	1 739 000
Total Assets	16 352 000	23 066 000	8 594 000	1 775 000
Total Retained Equity	9 307 000	7 250 000	4 036 000	−235 000
Total Equity	9 682 000	7 625 000	4 411 000	135 000
Total Long-Term Debt	1 898 000	3 220 000	880 000	989 000
Total Current Debt	4 771 000	12 221 000	3 303 000	651 000
Total Equity and Debt	16 352 000	23 066 000	8 594 000	1 775 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	27 645 000	29 115 000	20 327 000	3 437 000
Other Income	8 000	704 000	409 000	497 000
Revenue	27 653 000	29 819 000	20 737 000	3 935 000
Cost of Goods Sold	12 293 000	11 634 000	7 822 000	753 000
Salary Costs	8 663 000	8 929 000	5 285 000	2 086 000
Depreciation	892 000	695 000	88 000	16 000
Impairment	0	0	0	0
Expenditure	23 851 000	23 731 000	15 343 000	3 958 000
Operating Profit	3 801 000	6 089 000	5 393 000	−24 000
Financial Income	271 000	8 000	91 000	1 000
Financial Costs	310 000	793 000	67 000	32 000
Financial Balance	−39 000	−785 000	24 000	−31 000
Dividends	1 000 000	1 000 000	200 000	0
Net Income	3 057 000	4 214 000	4 477 000	−95 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	63 000	101 000	0	0
Real Eastate	0	0	0	0
Machinery and Plant Facilities	0	0	0	0
Fixtures	1 281 000	1 740 000	349 000	36 000
Total Tangible Assets	1 281 000	1 740 000	349 000	36 000
Total Fiancial Fixed Assets	0	0	0	0
Total Fixed Assets	1 344 000	1 841 000	349 000	36 000
Stock	542 000	49 000	49 000	0
Total Investments	0	0	0	0
Cash, Bank	9 615 000	4 187 000	4 895 000	902 000
Total Current Assets	15 008 000	21 224 000	8 246 000	1 739 000
Total Assets	16 352 000	23 066 000	8 594 000	1 775 000
Total Equity	9 682 000	7 625 000	4 411 000	135 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	1 898 000	3 220 000	880 000	989 000
Creditors	614 000	2 033 000	451 000	100 000
Unpaid Taxes	844 000	3 508 000	680 000	304 000
Dividends	1 000 000	1 000 000	200 000	0
Other Current Debt	1 622 000	5 680 000	1 458 000	247 000
Total Current Debt	4 771 000	12 221 000	3 303 000	651 000
Total Equity and Debt	16 352 000	23 066 000	8 594 000	1 775 000

Financial indicators	2022	2021	2020	2019
Return on Equity	31,57 %	55,27 %	101,5 %	−70,37 %
Debt-to-Equity Ratio	0,2	0,42	0,2	7,33
Operating Profit Margin	13,75 %	20,42 %	26,01 %	−0,61 %
Current Ratio	3,15	1,74	2,5	2,67
Quick Ratio	3,55	1,74	2,53	2,67
Equity Ratio	0,59	0,33	0,51	0,08
Gross Profit Margin	55,55 %	60,98 %	62,28 %	80,86 %