REACH SUBSEA INTERNATIONAL AS

5525 HAUGESUND

Finances

Return on Equity

62,58 %

Current Ratio

4,2

Debt-to-Equity Ratio

0,1

Key figures (NOK)	2022	2021	2020	2019
Revenue	10 899 000	222 718 000	11 148 000	10 336 000
Net Income	72 532 000	6 803 000	−7 332 000	−43 273 000
Total Assets	165 318 000	86 977 000	51 681 000	93 134 000
Total Equity	115 896 000	5 408 000	1 000 000	4 706 000

Income (NOK)	2022	2021	2020	2019
Revenue	10 899 000	222 718 000	11 148 000	10 336 000
Expenditure	13 690 000	211 046 000	11 888 000	10 372 000
Operating Profit	−2 792 000	11 673 000	−740 000	−37 000
Financial Income	76 464 000	1 000	758 000	3 747 000
Financial Costs	1 480 000	2 656 000	8 539 000	47 127 000
Financial Balance	74 984 000	−2 655 000	−7 781 000	−43 380 000
Earnings Before Tax	72 192 000	9 018 000	−8 522 000	−43 418 000
Tax	−340 000	2 215 000	−1 190 000	−145 000
Net Income	72 532 000	6 803 000	−7 332 000	−43 273 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	5 509 000	25 749 000	13 976 000	8 920 000
Total Current Assets	159 809 000	61 228 000	37 705 000	84 214 000
Total Assets	165 318 000	86 977 000	51 681 000	93 134 000
Total Retained Equity	30 228 000	5 163 000	−47 871 000	−40 539 000
Total Equity	115 896 000	5 408 000	1 000 000	4 706 000
Total Long-Term Debt	11 349 000	35 072 000	25 085 000	74 405 000
Total Current Debt	38 074 000	46 497 000	25 596 000	14 023 000
Total Equity and Debt	165 318 000	86 977 000	51 681 000	93 134 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	10 899 000	222 718 000	11 148 000	10 336 000
Other Income	0	0	0	0
Revenue	10 899 000	222 718 000	11 148 000	10 336 000
Cost of Goods Sold	7 000	73 781 000	0	0
Salary Costs	9 734 000	96 558 000	8 355 000	7 385 000
Depreciation	0	9 746 000	0	0
Impairment	0	0	0	0
Expenditure	13 690 000	211 046 000	11 888 000	10 372 000
Operating Profit	−2 792 000	11 673 000	−740 000	−37 000
Financial Income	76 464 000	1 000	758 000	3 747 000
Financial Costs	1 480 000	2 656 000	8 539 000	47 127 000
Financial Balance	74 984 000	−2 655 000	−7 781 000	−43 380 000
Dividends	0	0	0	0
Net Income	72 532 000	6 803 000	−7 332 000	−43 273 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	5 501 000	5 568 000	7 703 000	6 513 000
Real Eastate	0	0	0	0
Machinery and Plant Facilities	0	0	0	0
Fixtures	0	20 181 000	0	0
Total Tangible Assets	0	20 181 000	0	0
Total Fiancial Fixed Assets	8 000	0	6 273 000	2 406 000
Total Fixed Assets	5 509 000	25 749 000	13 976 000	8 920 000
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	1 873 000	12 181 000	2 332 000	396 000
Total Current Assets	159 809 000	61 228 000	37 705 000	84 214 000
Total Assets	165 318 000	86 977 000	51 681 000	93 134 000
Total Equity	115 896 000	5 408 000	1 000 000	4 706 000
Short-Term Group Debt	25 802 000	1 546 000	0	3 342 000
Total Long-Term Debt	11 349 000	35 072 000	25 085 000	74 405 000
Creditors	13 000	10 921 000	17 784 000	156 000
Unpaid Taxes	442 000	5 408 000	568 000	850 000
Dividends	0	0	0	0
Other Current Debt	11 817 000	22 558 000	7 244 000	9 675 000
Total Current Debt	38 074 000	46 497 000	25 596 000	14 023 000
Total Equity and Debt	165 318 000	86 977 000	51 681 000	93 134 000

Financial indicators	2022	2021	2020	2019
Return on Equity	62,58 %	125,8 %	−733,2 %	−919,53 %
Debt-to-Equity Ratio	0,1	6,49	25,09	15,81
Operating Profit Margin	−25,62 %	5,24 %	−6,64 %	−0,36 %
Current Ratio	4,2	1,32	1,47	6,01
Quick Ratio	4,2	1,32	1,47	6,01
Equity Ratio	0,7	0,06	0,02	0,05
Gross Profit Margin	99,94 %	66,87 %	100 %	100 %