SUB SEA SERVICES AS

4029 STAVANGER

Finances

Return on Equity

27,5 %

Current Ratio

1,62

Debt-to-Equity Ratio

0,01

Key figures (NOK)	2022	2021	2020	2019
Revenue	183 062 000	138 835 000	129 776 000	143 799 000
Net Income	17 857 000	9 819 000	9 574 000	13 816 000
Total Assets	152 685 000	129 318 000	126 525 000	133 175 000
Total Equity	64 937 000	66 096 000	67 221 000	69 279 000

Income (NOK)	2022	2021	2020	2019
Revenue	183 062 000	138 835 000	129 776 000	143 799 000
Expenditure	157 700 000	126 712 000	121 156 000	128 062 000
Operating Profit	25 361 000	12 123 000	8 620 000	15 736 000
Financial Income	6 313 000	3 332 000	8 066 000	2 307 000
Financial Costs	7 625 000	2 859 000	4 454 000	319 000
Financial Balance	−1 312 000	473 000	3 612 000	1 988 000
Earnings Before Tax	24 049 000	12 597 000	12 232 000	17 725 000
Tax	6 192 000	2 778 000	2 658 000	3 909 000
Net Income	17 857 000	9 819 000	9 574 000	13 816 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	11 053 000	16 459 000	37 521 000	27 717 000
Total Current Assets	141 632 000	112 859 000	89 004 000	105 458 000
Total Assets	152 685 000	129 318 000	126 525 000	133 175 000
Total Retained Equity	64 052 000	65 211 000	66 336 000	68 393 000
Total Equity	64 937 000	66 096 000	67 221 000	69 279 000
Total Long-Term Debt	361 000	617 000	2 798 000	16 052 000
Total Current Debt	87 386 000	62 605 000	56 506 000	47 844 000
Total Equity and Debt	152 685 000	129 318 000	126 525 000	133 175 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	183 062 000	138 835 000	124 893 000	134 653 000
Other Income	0	0	4 883 000	9 146 000
Revenue	183 062 000	138 835 000	129 776 000	143 799 000
Cost of Goods Sold	77 437 000	54 671 000	40 489 000	46 746 000
Salary Costs	46 364 000	40 921 000	44 632 000	47 832 000
Depreciation	1 633 000	1 614 000	1 481 000	1 334 000
Impairment	0	0	0	0
Expenditure	157 700 000	126 712 000	121 156 000	128 062 000
Operating Profit	25 361 000	12 123 000	8 620 000	15 736 000
Financial Income	6 313 000	3 332 000	8 066 000	2 307 000
Financial Costs	7 625 000	2 859 000	4 454 000	319 000
Financial Balance	−1 312 000	473 000	3 612 000	1 988 000
Dividends	0	0	0	0
Net Income	17 857 000	9 819 000	9 574 000	13 816 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	5 930 000	7 749 000	8 378 000	2 966 000
Real Eastate	0	0	0	0
Machinery and Plant Facilities	688 000	981 000	1 305 000	1 458 000
Fixtures	549 000	714 000	385 000	106 000
Total Tangible Assets	1 237 000	1 695 000	1 691 000	1 564 000
Total Fiancial Fixed Assets	3 886 000	7 015 000	27 452 000	23 187 000
Total Fixed Assets	11 053 000	16 459 000	37 521 000	27 717 000
Stock	15 728 000	16 085 000	14 306 000	14 043 000
Total Investments	0	0	0	0
Cash, Bank	1 446 000	5 953 000	1 473 000	2 005 000
Total Current Assets	141 632 000	112 859 000	89 004 000	105 458 000
Total Assets	152 685 000	129 318 000	126 525 000	133 175 000
Total Equity	64 937 000	66 096 000	67 221 000	69 279 000
Short-Term Group Debt	53 045 000	37 837 000	39 916 000	24 544 000
Total Long-Term Debt	361 000	617 000	2 798 000	16 052 000
Creditors	18 956 000	13 607 000	7 249 000	14 194 000
Unpaid Taxes	2 335 000	3 026 000	2 232 000	4 130 000
Dividends	0	0	0	0
Other Current Debt	13 051 000	8 135 000	7 109 000	4 976 000
Total Current Debt	87 386 000	62 605 000	56 506 000	47 844 000
Total Equity and Debt	152 685 000	129 318 000	126 525 000	133 175 000

Financial indicators	2022	2021	2020	2019
Return on Equity	27,5 %	14,86 %	14,24 %	19,94 %
Debt-to-Equity Ratio	0,01	0,01	0,04	0,23
Operating Profit Margin	13,85 %	8,73 %	6,64 %	10,94 %
Current Ratio	1,62	1,8	1,58	2,2
Quick Ratio	1,98	2,43	2,11	3,12
Equity Ratio	0,43	0,51	0,53	0,52
Gross Profit Margin	57,7 %	60,62 %	68,8 %	67,49 %