SUBSEA SERVICES AS

3650 TINN AUSTBYGD

Finances

Share Ownership

Return on Equity

2,48 %

Current Ratio

4,33

Debt-to-Equity Ratio

Key figures (NOK)	2022	2021	2020	2019
Revenue	260 000	2 695 000	1 132 000	1 695 000
Net Income	128 000	2 487 000	−338 000	144 000
Total Assets	6 282 000	5 257 000	3 319 000	3 745 000
Total Equity	5 168 000	5 040 000	2 903 000	3 242 000

Income (NOK)	2022	2021	2020	2019
Revenue	260 000	2 695 000	1 132 000	1 695 000
Expenditure	1 046 000	205 000	1 559 000	1 552 000
Operating Profit	−785 000	2 490 000	−428 000	144 000
Financial Income	750 000	110 000	100 000	0
Financial Costs	1 000	1 000	11 000	1 000
Financial Balance	749 000	109 000	89 000	−1 000
Earnings Before Tax	−36 000	2 599 000	−338 000	144 000
Tax	−164 000	112 000	0	0
Net Income	128 000	2 487 000	−338 000	144 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	1 457 000	25 000	2 616 000	2 684 000
Total Current Assets	4 826 000	5 232 000	703 000	1 061 000
Total Assets	6 282 000	5 257 000	3 319 000	3 745 000
Total Retained Equity	5 068 000	4 940 000	2 803 000	3 142 000
Total Equity	5 168 000	5 040 000	2 903 000	3 242 000
Total Long-Term Debt	0	112 000	0	0
Total Current Debt	1 114 000	105 000	416 000	504 000
Total Equity and Debt	6 282 000	5 257 000	3 319 000	3 745 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	260 000	50 000	1 132 000	1 695 000
Other Income	0	2 645 000	0	0
Revenue	260 000	2 695 000	1 132 000	1 695 000
Cost of Goods Sold	0	0	0	0
Salary Costs	750 000	16 000	1 059 000	1 093 000
Depreciation	5 000	16 000	68 000	88 000
Impairment	0	0	0	0
Expenditure	1 046 000	205 000	1 559 000	1 552 000
Operating Profit	−785 000	2 490 000	−428 000	144 000
Financial Income	750 000	110 000	100 000	0
Financial Costs	1 000	1 000	11 000	1 000
Financial Balance	749 000	109 000	89 000	−1 000
Dividends	0	0	0	0
Net Income	128 000	2 487 000	−338 000	144 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	52 000	0	0	0
Real Eastate	0	0	2 575 000	2 575 000
Machinery and Plant Facilities	0	0	0	0
Fixtures	5 000	10 000	26 000	94 000
Total Tangible Assets	5 000	10 000	2 601 000	2 669 000
Total Fiancial Fixed Assets	1 400 000	15 000	15 000	15 000
Total Fixed Assets	1 457 000	25 000	2 616 000	2 684 000
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	4 560 000	5 201 000	699 000	652 000
Total Current Assets	4 826 000	5 232 000	703 000	1 061 000
Total Assets	6 282 000	5 257 000	3 319 000	3 745 000
Total Equity	5 168 000	5 040 000	2 903 000	3 242 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	0	112 000	0	0
Creditors	21 000	4 000	7 000	6 000
Unpaid Taxes	222 000	11 000	63 000	147 000
Dividends	0	0	0	0
Other Current Debt	871 000	90 000	346 000	351 000
Total Current Debt	1 114 000	105 000	416 000	504 000
Total Equity and Debt	6 282 000	5 257 000	3 319 000	3 745 000

Financial indicators	2022	2021	2020	2019
Return on Equity	2,48 %	49,35 %	−11,64 %	4,44 %
Debt-to-Equity Ratio	0	0,02	0	0
Operating Profit Margin	−301,92 %	92,39 %	−37,81 %	8,5 %
Current Ratio	4,33	49,83	1,69	2,11
Quick Ratio	4,33	49,83	1,69	2,11
Equity Ratio	0,82	0,96	0,87	0,87
Gross Profit Margin	100 %	100 %	100 %	100 %