SUBSHORE AS

4021 STAVANGER

Finances

Return on Equity

−1,61 %

Current Ratio

7,51

Debt-to-Equity Ratio

Key figures (NOK)	2022	2021	2020	2019
Revenue	1 342 000	1 105 000	305 000	1 164 000
Net Income	−57 000	583 000	252 000	167 000
Total Assets	4 086 000	4 052 000	3 161 000	3 455 000
Total Equity	3 542 000	3 600 000	3 017 000	2 765 000

Income (NOK)	2022	2021	2020	2019
Revenue	1 342 000	1 105 000	305 000	1 164 000
Expenditure	917 000	812 000	380 000	847 000
Operating Profit	425 000	293 000	−75 000	316 000
Financial Income	206 000	355 000	662 000	562 000
Financial Costs	592 000	0	351 000	656 000
Financial Balance	−386 000	355 000	311 000	−94 000
Earnings Before Tax	38 000	648 000	237 000	222 000
Tax	96 000	65 000	−16 000	55 000
Net Income	−57 000	583 000	252 000	167 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	17 000	0	0	1 369 000
Total Current Assets	4 069 000	4 052 000	3 161 000	2 086 000
Total Assets	4 086 000	4 052 000	3 161 000	3 455 000
Total Retained Equity	3 442 000	3 500 000	2 917 000	2 665 000
Total Equity	3 542 000	3 600 000	3 017 000	2 765 000
Total Long-Term Debt	1 000	0	0	0
Total Current Debt	542 000	452 000	144 000	690 000
Total Equity and Debt	4 086 000	4 052 000	3 161 000	3 455 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	1 342 000	1 105 000	305 000	1 164 000
Other Income	0	0	0	0
Revenue	1 342 000	1 105 000	305 000	1 164 000
Cost of Goods Sold	0	0	0	0
Salary Costs	858 000	740 000	336 000	801 000
Depreciation	2 000	0	0	0
Impairment	0	0	0	0
Expenditure	917 000	812 000	380 000	847 000
Operating Profit	425 000	293 000	−75 000	316 000
Financial Income	206 000	355 000	662 000	562 000
Financial Costs	592 000	0	351 000	656 000
Financial Balance	−386 000	355 000	311 000	−94 000
Dividends	0	0	0	200 000
Net Income	−57 000	583 000	252 000	167 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	0	0	0	0
Real Eastate	0	0	0	0
Machinery and Plant Facilities	0	0	0	0
Fixtures	17 000	0	0	0
Total Tangible Assets	17 000	0	0	0
Total Fiancial Fixed Assets	0	0	0	1 369 000
Total Fixed Assets	17 000	0	0	1 369 000
Stock	0	0	0	0
Total Investments	2 972 000	3 164 000	2 808 000	1 152 000
Cash, Bank	930 000	698 000	338 000	817 000
Total Current Assets	4 069 000	4 052 000	3 161 000	2 086 000
Total Assets	4 086 000	4 052 000	3 161 000	3 455 000
Total Equity	3 542 000	3 600 000	3 017 000	2 765 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	1 000	0	0	0
Creditors	0	4 000	0	1 000
Unpaid Taxes	357 000	304 000	111 000	348 000
Dividends	0	0	0	200 000
Other Current Debt	91 000	79 000	33 000	86 000
Total Current Debt	542 000	452 000	144 000	690 000
Total Equity and Debt	4 086 000	4 052 000	3 161 000	3 455 000

Financial indicators	2022	2021	2020	2019
Return on Equity	−1,61 %	16,19 %	8,35 %	6,04 %
Debt-to-Equity Ratio	0	0	0	0
Operating Profit Margin	31,67 %	26,52 %	−24,59 %	27,15 %
Current Ratio	7,51	8,96	21,95	3,02
Quick Ratio	7,51	8,96	21,95	3,02
Equity Ratio	0,87	0,89	0,95	0,8
Gross Profit Margin	100 %	100 %	100 %	100 %