FAST SUBSEA AS

3408 TRANBY

Finances

Share Ownership

Return on Equity

−47,23 %

Current Ratio

1,06

Debt-to-Equity Ratio

Key figures (NOK)	2022	2021	2020	2019
Revenue	487 000	208 000	166 000	0
Net Income	−767 000	−583 000	−893 000	−663 000
Total Assets	11 854 000	11 102 000	8 870 000	1 719 000
Total Equity	1 624 000	2 391 000	2 974 000	867 000

Income (NOK)	2022	2021	2020	2019
Revenue	487 000	208 000	166 000	0
Expenditure	1 576 000	966 000	1 315 000	853 000
Operating Profit	−1 089 000	−758 000	−1 149 000	−853 000
Financial Income	109 000	10 000	4 000	3 000
Financial Costs	4 000	0	0	0
Financial Balance	105 000	10 000	4 000	3 000
Earnings Before Tax	−983 000	−748 000	−1 145 000	−850 000
Tax	−216 000	−164 000	−252 000	−187 000
Net Income	−767 000	−583 000	−893 000	−663 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	987 000	1 837 000	1 748 000	187 000
Total Current Assets	10 868 000	9 266 000	7 122 000	1 532 000
Total Assets	11 854 000	11 102 000	8 870 000	1 719 000
Total Retained Equity	−2 906 000	−2 139 000	−1 556 000	0
Total Equity	1 624 000	2 391 000	2 974 000	867 000
Total Long-Term Debt	0	0	0	0
Total Current Debt	10 231 000	8 712 000	5 896 000	852 000
Total Equity and Debt	11 854 000	11 102 000	8 870 000	1 719 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	487 000	208 000	166 000	0
Other Income	0	0	0	0
Revenue	487 000	208 000	166 000	0
Cost of Goods Sold	0	0	0	0
Salary Costs	0	0	0	0
Depreciation	0	0	0	0
Impairment	0	0	0	0
Expenditure	1 576 000	966 000	1 315 000	853 000
Operating Profit	−1 089 000	−758 000	−1 149 000	−853 000
Financial Income	109 000	10 000	4 000	3 000
Financial Costs	4 000	0	0	0
Financial Balance	105 000	10 000	4 000	3 000
Dividends	0	0	0	0
Net Income	−767 000	−583 000	−893 000	−663 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	987 000	1 837 000	1 748 000	187 000
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	987 000	1 837 000	1 748 000	187 000
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	8 003 000	9 187 000	2 256 000	1 532 000
Total Current Assets	10 868 000	9 266 000	7 122 000	1 532 000
Total Assets	11 854 000	11 102 000	8 870 000	1 719 000
Total Equity	1 624 000	2 391 000	2 974 000	867 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	0	0	0	0
Creditors	13 000	392 000	0	0
Unpaid Taxes	0	0	0	0
Dividends	0	0	0	0
Other Current Debt	10 218 000	8 320 000	5 896 000	852 000
Total Current Debt	10 231 000	8 712 000	5 896 000	852 000
Total Equity and Debt	11 854 000	11 102 000	8 870 000	1 719 000

Financial indicators	2022	2021	2020	2019
Return on Equity	−47,23 %	−24,38 %	−30,03 %	−76,47 %
Debt-to-Equity Ratio	0	0	0	0
Operating Profit Margin	−223,61 %	−364,42 %	−692,17 %	-
Current Ratio	1,06	1,06	1,21	1,8
Quick Ratio	1,06	1,06	1,21	1,8
Equity Ratio	0,14	0,22	0,34	0,5
Gross Profit Margin	100 %	100 %	100 %	-