SUBSEADESIGN AS

3403 LIER

Finances

Share Ownership

Return on Equity

27,3 %

Current Ratio

2,08

Debt-to-Equity Ratio

0,11

Key figures (NOK)	2022	2021	2020
Revenue	214 406 000	139 253 000	210 606 000
Net Income	13 350 000	7 285 000	13 579 000
Total Assets	102 296 000	75 351 000	82 906 000
Total Equity	48 905 000	35 555 000	40 270 000

Income (NOK)	2022	2021	2020
Revenue	214 406 000	139 253 000	210 606 000
Expenditure	197 251 000	129 961 000	191 304 000
Operating Profit	17 154 000	9 293 000	19 303 000
Financial Income	226 000	113 000	659 000
Financial Costs	247 000	147 000	2 695 000
Financial Balance	−21 000	−34 000	−2 036 000
Earnings Before Tax	17 133 000	9 259 000	17 267 000
Tax	3 784 000	1 974 000	3 688 000
Net Income	13 350 000	7 285 000	13 579 000

Balance (NOK)	2022	2021	2020
Total Fixed Assets	2 524 000	4 125 000	3 084 000
Total Current Assets	99 772 000	71 226 000	79 822 000
Total Assets	102 296 000	75 351 000	82 906 000
Total Retained Equity	13 350 000	0	0
Total Equity	48 905 000	35 555 000	40 270 000
Total Long-Term Debt	5 478 000	2 673 000	1 347 000
Total Current Debt	47 913 000	37 123 000	41 289 000
Total Equity and Debt	102 296 000	75 351 000	82 906 000

Cash flow (NOK)	2022	2021	2020
Sales Income	214 406 000	139 253 000	210 606 000
Other Income	0	0	0
Revenue	214 406 000	139 253 000	210 606 000
Cost of Goods Sold	122 321 000	59 093 000	119 972 000
Salary Costs	61 730 000	53 044 000	56 468 000
Depreciation	1 978 000	2 372 000	2 578 000
Impairment	0	0	1 010 000
Expenditure	197 251 000	129 961 000	191 304 000
Operating Profit	17 154 000	9 293 000	19 303 000
Financial Income	226 000	113 000	659 000
Financial Costs	247 000	147 000	2 695 000
Financial Balance	−21 000	−34 000	−2 036 000
Dividends	0	12 000 000	6 000 000
Net Income	13 350 000	7 285 000	13 579 000

Balance details (NOK)	2022	2021	2020
Goodwill	0	0	0
Total Intangible Assets	0	572 000	0
Real Eastate	416 000	0	0
Machinery and Plant Facilities	0	0	0
Fixtures	2 107 000	3 553 000	3 084 000
Total Tangible Assets	2 524 000	3 553 000	3 084 000
Total Fiancial Fixed Assets	0	0	0
Total Fixed Assets	2 524 000	4 125 000	3 084 000
Stock	2 818 000	2 499 000	1 917 000
Total Investments	0	0	0
Cash, Bank	52 597 000	38 368 000	45 224 000
Total Current Assets	99 772 000	71 226 000	79 822 000
Total Assets	102 296 000	75 351 000	82 906 000
Total Equity	48 905 000	35 555 000	40 270 000
Short-Term Group Debt	0	0	0
Total Long-Term Debt	5 478 000	2 673 000	1 347 000
Creditors	29 617 000	8 009 000	7 160 000
Unpaid Taxes	4 302 000	3 923 000	4 223 000
Dividends	0	12 000 000	6 000 000
Other Current Debt	13 860 000	11 335 000	20 182 000
Total Current Debt	47 913 000	37 123 000	41 289 000
Total Equity and Debt	102 296 000	75 351 000	82 906 000

Financial indicators	2022	2021	2020
Return on Equity	27,3 %	20,49 %	33,72 %
Debt-to-Equity Ratio	0,11	0,08	0,03
Operating Profit Margin	8 %	6,67 %	9,17 %
Current Ratio	2,08	1,92	1,93
Quick Ratio	2,21	2,06	2,03
Equity Ratio	0,48	0,47	0,49
Gross Profit Margin	42,95 %	57,56 %	43,03 %