SUBSEA NOR AS

8450 STOKMARKNES

Finances

Share Ownership

Return on Equity

−4,67 %

Current Ratio

1,7

Debt-to-Equity Ratio

2,3

Key figures (NOK)	2022	2021	2020	2019
Revenue	4 925 000	4 279 000	3 328 000	4 759 000
Net Income	−69 000	511 000	−963 000	−801 000
Total Assets	5 807 000	6 281 000	4 699 000	6 334 000
Total Equity	1 479 000	1 548 000	1 038 000	2 000 000

Income (NOK)	2022	2021	2020	2019
Revenue	4 925 000	4 279 000	3 328 000	4 759 000
Expenditure	4 853 000	3 797 000	4 189 000	5 634 000
Operating Profit	72 000	482 000	−861 000	−875 000
Financial Income	6 000	0	18 000	9 000
Financial Costs	154 000	99 000	120 000	153 000
Financial Balance	−148 000	−99 000	−102 000	−144 000
Earnings Before Tax	−75 000	384 000	−963 000	−1 019 000
Tax	−6 000	−127 000	0	−219 000
Net Income	−69 000	511 000	−963 000	−801 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	4 232 000	3 558 000	3 499 000	3 714 000
Total Current Assets	1 575 000	2 723 000	1 200 000	2 620 000
Total Assets	5 807 000	6 281 000	4 699 000	6 334 000
Total Retained Equity	679 000	748 000	238 000	1 200 000
Total Equity	1 479 000	1 548 000	1 038 000	2 000 000
Total Long-Term Debt	3 403 000	3 649 000	3 267 000	3 512 000
Total Current Debt	925 000	1 084 000	395 000	822 000
Total Equity and Debt	5 807 000	6 281 000	4 699 000	6 334 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	4 925 000	4 279 000	3 307 000	4 759 000
Other Income	0	0	21 000	0
Revenue	4 925 000	4 279 000	3 328 000	4 759 000
Cost of Goods Sold	17 000	53 000	161 000	269 000
Salary Costs	1 911 000	1 181 000	1 313 000	2 163 000
Depreciation	387 000	340 000	368 000	408 000
Impairment	0	0	0	0
Expenditure	4 853 000	3 797 000	4 189 000	5 634 000
Operating Profit	72 000	482 000	−861 000	−875 000
Financial Income	6 000	0	18 000	9 000
Financial Costs	154 000	99 000	120 000	153 000
Financial Balance	−148 000	−99 000	−102 000	−144 000
Dividends	0	0	0	0
Net Income	−69 000	511 000	−963 000	−801 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	422 000	416 000	289 000	289 000
Real Eastate	1 458 000	1 556 000	1 649 000	1 745 000
Machinery and Plant Facilities	575 000	473 000	1 034 000	1 153 000
Fixtures	522 000	586 000	0	0
Total Tangible Assets	3 810 000	3 142 000	3 210 000	3 425 000
Total Fiancial Fixed Assets	0	0	0	0
Total Fixed Assets	4 232 000	3 558 000	3 499 000	3 714 000
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	1 003 000	1 474 000	343 000	1 782 000
Total Current Assets	1 575 000	2 723 000	1 200 000	2 620 000
Total Assets	5 807 000	6 281 000	4 699 000	6 334 000
Total Equity	1 479 000	1 548 000	1 038 000	2 000 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	3 403 000	3 649 000	3 267 000	3 512 000
Creditors	147 000	233 000	171 000	411 000
Unpaid Taxes	297 000	281 000	73 000	216 000
Dividends	0	0	0	0
Other Current Debt	481 000	570 000	151 000	195 000
Total Current Debt	925 000	1 084 000	395 000	822 000
Total Equity and Debt	5 807 000	6 281 000	4 699 000	6 334 000

Financial indicators	2022	2021	2020	2019
Return on Equity	−4,67 %	33,01 %	−92,77 %	−40,05 %
Debt-to-Equity Ratio	2,3	2,36	3,15	1,76
Operating Profit Margin	1,46 %	11,26 %	−25,87 %	−18,39 %
Current Ratio	1,7	2,51	3,04	3,19
Quick Ratio	1,7	2,51	3,04	3,19
Equity Ratio	0,25	0,25	0,22	0,32
Gross Profit Margin	99,65 %	98,76 %	95,16 %	94,35 %