CORE SUBSEA AS

1367 SNARØYA

Finances

Return on Equity

60,52 %

Current Ratio

155,68

Debt-to-Equity Ratio

0,24

Key figures (NOK)	2022	2021	2020	2019
Revenue	2 565 000	1 692 000	1 050 000	2 187 000
Net Income	1 478 000	856 000	−199 000	49 000
Total Assets	3 049 000	3 521 000	3 587 000	4 311 000
Total Equity	2 442 000	964 000	108 000	307 000

Income (NOK)	2022	2021	2020	2019
Revenue	2 565 000	1 692 000	1 050 000	2 187 000
Expenditure	669 000	552 000	1 379 000	2 124 000
Operating Profit	1 897 000	1 140 000	−330 000	63 000
Financial Income	0	5 000	77 000	0
Financial Costs	1 000	48 000	2 000	0
Financial Balance	−1 000	−43 000	75 000	0
Earnings Before Tax	1 895 000	1 097 000	−255 000	63 000
Tax	417 000	241 000	−56 000	14 000
Net Income	1 478 000	856 000	−199 000	49 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	91 000	516 000	778 000	903 000
Total Current Assets	2 958 000	3 005 000	2 808 000	3 409 000
Total Assets	3 049 000	3 521 000	3 587 000	4 311 000
Total Retained Equity	2 342 000	864 000	8 000	207 000
Total Equity	2 442 000	964 000	108 000	307 000
Total Long-Term Debt	588 000	2 520 000	2 977 000	3 531 000
Total Current Debt	19 000	38 000	502 000	474 000
Total Equity and Debt	3 049 000	3 521 000	3 587 000	4 311 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	2 565 000	1 692 000	1 419 000	1 808 000
Other Income	0	0	−369 000	379 000
Revenue	2 565 000	1 692 000	1 050 000	2 187 000
Cost of Goods Sold	0	0	0	0
Salary Costs	170 000	129 000	669 000	1 383 000
Depreciation	17 000	21 000	180 000	201 000
Impairment	0	0	0	0
Expenditure	669 000	552 000	1 379 000	2 124 000
Operating Profit	1 897 000	1 140 000	−330 000	63 000
Financial Income	0	5 000	77 000	0
Financial Costs	1 000	48 000	2 000	0
Financial Balance	−1 000	−43 000	75 000	0
Dividends	0	0	0	0
Net Income	1 478 000	856 000	−199 000	49 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	23 000	431 000	672 000	616 000
Real Eastate	0	0	0	0
Machinery and Plant Facilities	0	0	0	0
Fixtures	68 000	85 000	106 000	287 000
Total Tangible Assets	68 000	85 000	106 000	287 000
Total Fiancial Fixed Assets	0	0	0	0
Total Fixed Assets	91 000	516 000	778 000	903 000
Stock	0	0	0	0
Total Investments	1 400 000	1 400 000	1 400 000	1 400 000
Cash, Bank	1 158 000	498 000	8 000	87 000
Total Current Assets	2 958 000	3 005 000	2 808 000	3 409 000
Total Assets	3 049 000	3 521 000	3 587 000	4 311 000
Total Equity	2 442 000	964 000	108 000	307 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	588 000	2 520 000	2 977 000	3 531 000
Creditors	0	23 000	43 000	66 000
Unpaid Taxes	8 000	13 000	39 000	278 000
Dividends	0	0	0	0
Other Current Debt	1 000	2 000	420 000	129 000
Total Current Debt	19 000	38 000	502 000	474 000
Total Equity and Debt	3 049 000	3 521 000	3 587 000	4 311 000

Financial indicators	2022	2021	2020	2019
Return on Equity	60,52 %	88,8 %	−184,26 %	15,96 %
Debt-to-Equity Ratio	0,24	2,61	27,56	11,5
Operating Profit Margin	73,96 %	67,38 %	−31,43 %	2,88 %
Current Ratio	155,68	79,08	5,59	7,19
Quick Ratio	155,68	79,08	5,59	7,19
Equity Ratio	0,8	0,27	0,03	0,07
Gross Profit Margin	100 %	100 %	100 %	100 %