SUBSEA WELLPARTNER AS

4033 STAVANGER

Finances

Share Ownership

Return on Equity

22,77 %

Current Ratio

4,86

Debt-to-Equity Ratio

Key figures (NOK)	2022	2021	2020
Revenue	4 104 000	3 309 000	3 144 000
Net Income	485 000	565 000	1 050 000
Total Assets	2 682 000	2 083 000	2 092 000
Total Equity	2 130 000	1 645 000	1 080 000

Income (NOK)	2022	2021	2020
Revenue	4 104 000	3 309 000	3 144 000
Expenditure	3 464 000	2 520 000	1 797 000
Operating Profit	640 000	789 000	1 347 000
Financial Income	0	0	0
Financial Costs	19 000	64 000	1 000
Financial Balance	−19 000	−64 000	−1 000
Earnings Before Tax	622 000	725 000	1 346 000
Tax	137 000	159 000	296 000
Net Income	485 000	565 000	1 050 000

Balance (NOK)	2022	2021	2020
Total Fixed Assets	0	0	0
Total Current Assets	2 682 000	2 083 000	2 092 000
Total Assets	2 682 000	2 083 000	2 092 000
Total Retained Equity	0	0	0
Total Equity	2 130 000	1 645 000	1 080 000
Total Long-Term Debt	0	0	0
Total Current Debt	552 000	438 000	1 012 000
Total Equity and Debt	2 682 000	2 083 000	2 092 000

Cash flow (NOK)	2022	2021	2020
Sales Income	4 104 000	3 309 000	3 144 000
Other Income	0	0	0
Revenue	4 104 000	3 309 000	3 144 000
Cost of Goods Sold	0	0	0
Salary Costs	3 252 000	2 481 000	1 763 000
Depreciation	0	0	0
Impairment	0	0	0
Expenditure	3 464 000	2 520 000	1 797 000
Operating Profit	640 000	789 000	1 347 000
Financial Income	0	0	0
Financial Costs	19 000	64 000	1 000
Financial Balance	−19 000	−64 000	−1 000
Dividends	0	0	0
Net Income	485 000	565 000	1 050 000

Balance details (NOK)	2022	2021	2020
Goodwill	0	0	0
Total Intangible Assets	0	0	0
Real Eastate	0	0	0
Machinery and Plant Facilities	0	0	0
Fixtures	0	0	0
Total Tangible Assets	0	0	0
Total Fiancial Fixed Assets	0	0	0
Total Fixed Assets	0	0	0
Stock	0	0	0
Total Investments	0	0	0
Cash, Bank	2 131 000	1 011 000	1 479 000
Total Current Assets	2 682 000	2 083 000	2 092 000
Total Assets	2 682 000	2 083 000	2 092 000
Total Equity	2 130 000	1 645 000	1 080 000
Short-Term Group Debt	0	0	0
Total Long-Term Debt	0	0	0
Creditors	0	0	6 000
Unpaid Taxes	227 000	281 000	710 000
Dividends	0	0	0
Other Current Debt	188 000	94 000	0
Total Current Debt	552 000	438 000	1 012 000
Total Equity and Debt	2 682 000	2 083 000	2 092 000

Financial indicators	2022	2021	2020
Return on Equity	22,77 %	34,35 %	97,22 %
Debt-to-Equity Ratio	0	0	0
Operating Profit Margin	15,59 %	23,84 %	42,84 %
Current Ratio	4,86	4,76	2,07
Quick Ratio	4,86	4,76	2,07
Equity Ratio	0,79	0,79	0,52
Gross Profit Margin	100 %	100 %	100 %