PI SUBSEA AS

5121 ULSET

Finances

Return on Equity

26,84 %

Current Ratio

5,58

Debt-to-Equity Ratio

Key figures (NOK)	2022	2021	2020
Revenue	1 786 000	1 590 000	427 000
Net Income	513 000	1 023 000	238 000
Total Assets	2 322 000	1 939 000	1 746 000
Total Equity	1 911 000	1 398 000	1 375 000

Income (NOK)	2022	2021	2020
Revenue	1 786 000	1 590 000	427 000
Expenditure	989 000	519 000	345 000
Operating Profit	796 000	1 071 000	82 000
Financial Income	−96 000	197 000	171 000
Financial Costs	11 000	10 000	0
Financial Balance	−107 000	187 000	171 000
Earnings Before Tax	689 000	1 258 000	254 000
Tax	176 000	235 000	15 000
Net Income	513 000	1 023 000	238 000

Balance (NOK)	2022	2021	2020
Total Fixed Assets	33 000	33 000	33 000
Total Current Assets	2 289 000	1 906 000	1 713 000
Total Assets	2 322 000	1 939 000	1 746 000
Total Retained Equity	1 774 000	1 261 000	238 000
Total Equity	1 911 000	1 398 000	1 375 000
Total Long-Term Debt	0	0	1 000
Total Current Debt	410 000	541 000	370 000
Total Equity and Debt	2 322 000	1 939 000	1 746 000

Cash flow (NOK)	2022	2021	2020
Sales Income	1 786 000	1 590 000	427 000
Other Income	0	0	0
Revenue	1 786 000	1 590 000	427 000
Cost of Goods Sold	0	0	0
Salary Costs	754 000	301 000	147 000
Depreciation	0	0	0
Impairment	0	0	0
Expenditure	989 000	519 000	345 000
Operating Profit	796 000	1 071 000	82 000
Financial Income	−96 000	197 000	171 000
Financial Costs	11 000	10 000	0
Financial Balance	−107 000	187 000	171 000
Dividends	0	0	0
Net Income	513 000	1 023 000	238 000

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	33 000	33 000	33 000
Total Fixed Assets	33 000	33 000	33 000
Stock	0	0	0
Total Investments	1 362 000	1 470 000	1 278 000
Cash, Bank	774 000	313 000	293 000
Total Current Assets	2 289 000	1 906 000	1 713 000
Total Assets	2 322 000	1 939 000	1 746 000
Total Equity	1 911 000	1 398 000	1 375 000
Short-Term Group Debt	0	0	0
Total Long-Term Debt	0	0	1 000
Creditors	3 000	45 000	0
Unpaid Taxes	105 000	34 000	64 000
Dividends	0	0	0
Other Current Debt	108 000	131 000	145 000
Total Current Debt	410 000	541 000	370 000
Total Equity and Debt	2 322 000	1 939 000	1 746 000

Financial indicators	2022	2021	2020
Return on Equity	26,84 %	73,18 %	17,31 %
Debt-to-Equity Ratio	0	0	0
Operating Profit Margin	44,57 %	67,36 %	19,2 %
Current Ratio	5,58	3,52	4,63
Quick Ratio	5,58	3,52	4,63
Equity Ratio	0,82	0,72	0,79
Gross Profit Margin	100 %	100 %	100 %