SUBSEA INNOVATION AS

4311 HOMMERSÅK

Finances

Share Ownership

Return on Equity

10,75 %

Current Ratio

31,28

Debt-to-Equity Ratio

Key figures (NOK)	2022	2021	2020	2019
Revenue	2 725 000	2 220 000	3 055 000	2 243 000
Net Income	1 261 000	914 000	1 365 000	778 000
Total Assets	12 121 000	10 069 000	9 660 000	8 169 000
Total Equity	11 734 000	10 473 000	9 559 000	8 193 000

Income (NOK)	2022	2021	2020	2019
Revenue	2 725 000	2 220 000	3 055 000	2 243 000
Expenditure	1 381 000	1 492 000	1 364 000	1 373 000
Operating Profit	1 344 000	728 000	1 690 000	870 000
Financial Income	94 000	15 000	61 000	113 000
Financial Costs	0	0	1 000	0
Financial Balance	94 000	15 000	60 000	113 000
Earnings Before Tax	1 438 000	743 000	1 750 000	983 000
Tax	177 000	−172 000	385 000	205 000
Net Income	1 261 000	914 000	1 365 000	778 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	15 000	15 000	15 000	1 938 000
Total Current Assets	12 106 000	10 054 000	9 645 000	6 231 000
Total Assets	12 121 000	10 069 000	9 660 000	8 169 000
Total Retained Equity	11 634 000	10 373 000	9 459 000	8 093 000
Total Equity	11 734 000	10 473 000	9 559 000	8 193 000
Total Long-Term Debt	0	0	0	0
Total Current Debt	387 000	−404 000	102 000	−24 000
Total Equity and Debt	12 121 000	10 069 000	9 660 000	8 169 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	2 725 000	2 220 000	4 830 000	2 093 000
Other Income	0	0	−1 775 000	150 000
Revenue	2 725 000	2 220 000	3 055 000	2 243 000
Cost of Goods Sold	0	0	0	0
Salary Costs	1 254 000	1 416 000	1 279 000	1 157 000
Depreciation	0	0	30 000	53 000
Impairment	0	0	0	0
Expenditure	1 381 000	1 492 000	1 364 000	1 373 000
Operating Profit	1 344 000	728 000	1 690 000	870 000
Financial Income	94 000	15 000	61 000	113 000
Financial Costs	0	0	1 000	0
Financial Balance	94 000	15 000	60 000	113 000
Dividends	0	0	0	0
Net Income	1 261 000	914 000	1 365 000	778 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	0	0	0	0
Real Eastate	0	0	0	1 923 000
Machinery and Plant Facilities	0	0	0	0
Fixtures	0	0	0	0
Total Tangible Assets	0	0	0	1 923 000
Total Fiancial Fixed Assets	15 000	15 000	15 000	15 000
Total Fixed Assets	15 000	15 000	15 000	1 938 000
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	10 932 000	10 054 000	9 645 000	6 065 000
Total Current Assets	12 106 000	10 054 000	9 645 000	6 231 000
Total Assets	12 121 000	10 069 000	9 660 000	8 169 000
Total Equity	11 734 000	10 473 000	9 559 000	8 193 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	0	0	0	0
Creditors	0	0	0	8 000
Unpaid Taxes	155 000	175 000	141 000	196 000
Dividends	0	0	0	0
Other Current Debt	232 000	−579 000	−511 000	−498 000
Total Current Debt	387 000	−404 000	102 000	−24 000
Total Equity and Debt	12 121 000	10 069 000	9 660 000	8 169 000

Financial indicators	2022	2021	2020	2019
Return on Equity	10,75 %	8,73 %	14,28 %	9,5 %
Debt-to-Equity Ratio	0	0	0	0
Operating Profit Margin	49,32 %	32,79 %	55,32 %	38,79 %
Current Ratio	31,28	−24,89	94,56	−259,63
Quick Ratio	31,28	−24,89	94,56	−259,63
Equity Ratio	0,97	1,04	0,99	1
Gross Profit Margin	100 %	100 %	100 %	100 %