REACH SUBSEA ASA

5525 HAUGESUND

Finances

Return on Equity

12,46 %

Current Ratio

1,39

Debt-to-Equity Ratio

0,02

Key figures (NOK)	2022	2021	2020	2019
Revenue	1 162 820 000	686 600 000	628 030 000	508 531 000
Net Income	72 185 000	93 806 000	43 102 000	−35 709 000
Total Assets	952 085 000	746 529 000	363 013 000	445 380 000
Total Equity	579 442 000	286 807 000	210 154 000	165 831 000

Income (NOK)	2022	2021	2020	2019
Revenue	1 162 820 000	686 600 000	628 030 000	508 531 000
Expenditure	1 057 566 000	607 536 000	576 714 000	524 853 000
Operating Profit	105 254 000	79 064 000	51 316 000	−16 322 000
Financial Income	8 184 000	1 820 000	1 636 000	−7 911 000
Financial Costs	15 415 000	7 838 000	9 850 000	11 452 000
Financial Balance	−7 231 000	−6 018 000	−8 214 000	−19 363 000
Earnings Before Tax	98 023 000	73 046 000	43 102 000	−35 685 000
Tax	25 838 000	−20 760 000	0	24 000
Net Income	72 185 000	93 806 000	43 102 000	−35 709 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	448 028 000	392 581 000	121 036 000	277 248 000
Total Current Assets	504 057 000	353 948 000	241 977 000	168 132 000
Total Assets	952 085 000	746 529 000	363 013 000	445 380 000
Total Retained Equity	86 371 000	55 938 000	−16 981 000	−82 740 000
Total Equity	579 442 000	286 807 000	210 154 000	165 831 000
Total Long-Term Debt	9 242 000	119 668 000	12 731 000	84 000 000
Total Current Debt	363 401 000	340 055 000	140 129 000	195 549 000
Total Equity and Debt	952 085 000	746 530 000	363 014 000	445 380 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	1 161 533 000	673 253 000	618 870 000	508 337 000
Other Income	1 287 000	13 347 000	9 160 000	194 000
Revenue	1 162 820 000	686 600 000	628 030 000	508 531 000
Cost of Goods Sold	272 803 000	158 633 000	169 972 000	184 140 000
Salary Costs	251 031 000	122 374 000	111 422 000	90 552 000
Depreciation	353 532 000	239 807 000	208 386 000	187 728 000
Impairment	0	0	7 505 000	0
Expenditure	1 057 566 000	607 536 000	576 714 000	524 853 000
Operating Profit	105 254 000	79 064 000	51 316 000	−16 322 000
Financial Income	8 184 000	1 820 000	1 636 000	−7 911 000
Financial Costs	15 415 000	7 838 000	9 850 000	11 452 000
Financial Balance	−7 231 000	−6 018 000	−8 214 000	−19 363 000
Dividends	0	0	0	0
Net Income	72 185 000	93 806 000	43 102 000	−35 709 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	86 723 000	0	0	0
Total Intangible Assets	122 261 000	41 608 000	8 161 000	8 161 000
Real Eastate	0	0	0	0
Machinery and Plant Facilities	325 767 000	350 973 000	90 103 000	247 802 000
Fixtures	0	0	0	0
Total Tangible Assets	325 767 000	350 973 000	90 103 000	247 802 000
Total Fiancial Fixed Assets	0	0	22 772 000	21 285 000
Total Fixed Assets	448 028 000	392 581 000	121 036 000	277 248 000
Stock	9 884 000	8 130 000	1 376 000	6 696 000
Total Investments	0	0	0	0
Cash, Bank	191 591 000	149 035 000	105 396 000	38 657 000
Total Current Assets	504 057 000	353 948 000	241 977 000	168 132 000
Total Assets	952 085 000	746 529 000	363 013 000	445 380 000
Total Equity	579 442 000	286 807 000	210 154 000	165 831 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	9 242 000	119 668 000	12 731 000	84 000 000
Creditors	102 430 000	63 467 000	65 055 000	53 984 000
Unpaid Taxes	18 831 000	8 498 000	7 237 000	5 231 000
Dividends	0	0	0	0
Other Current Debt	211 201 000	251 830 000	54 978 000	120 311 000
Total Current Debt	363 401 000	340 055 000	140 129 000	195 549 000
Total Equity and Debt	952 085 000	746 530 000	363 014 000	445 380 000

Financial indicators	2022	2021	2020	2019
Return on Equity	12,46 %	32,71 %	20,51 %	−21,53 %
Debt-to-Equity Ratio	0,02	0,42	0,06	0,51
Operating Profit Margin	9,05 %	11,52 %	8,17 %	−3,21 %
Current Ratio	1,39	1,04	1,73	0,86
Quick Ratio	1,43	1,07	1,74	0,89
Equity Ratio	0,61	0,38	0,58	0,37
Gross Profit Margin	76,54 %	76,9 %	72,94 %	63,79 %