SUBSEA COMPOSITE SOLUTIONS AS

5938 SÆBØVÅGEN

Finances

Return on Equity

65,15 %

Current Ratio

1,4

Debt-to-Equity Ratio

0,01

Key figures (NOK)	2022	2021	2020	2019
Revenue	35 883 000	20 453 000	10 585 000	16 726 000
Net Income	4 937 000	3 778 000	−1 332 000	2 256 000
Total Assets	19 544 000	10 971 000	7 478 000	7 003 000
Total Equity	7 578 000	4 591 000	3 074 000	4 406 000

Income (NOK)	2022	2021	2020	2019
Revenue	35 883 000	20 453 000	10 585 000	16 726 000
Expenditure	29 206 000	16 029 000	11 631 000	14 043 000
Operating Profit	6 433 000	4 551 000	−1 263 000	2 689 000
Financial Income	32 000	69 000	22 000	16 000
Financial Costs	136 000	127 000	110 000	154 000
Financial Balance	−104 000	−58 000	−88 000	−138 000
Earnings Before Tax	6 330 000	4 494 000	−1 351 000	2 551 000
Tax	1 393 000	715 000	−20 000	295 000
Net Income	4 937 000	3 778 000	−1 332 000	2 256 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	2 873 000	2 086 000	2 212 000	2 303 000
Total Current Assets	16 671 000	8 885 000	5 266 000	4 700 000
Total Assets	19 544 000	10 971 000	7 478 000	7 003 000
Total Retained Equity	7 288 000	4 301 000	2 784 000	4 116 000
Total Equity	7 578 000	4 591 000	3 074 000	4 406 000
Total Long-Term Debt	88 000	1 003 000	1 353 000	1 531 000
Total Current Debt	11 879 000	5 378 000	3 050 000	1 065 000
Total Equity and Debt	19 544 000	10 971 000	7 478 000	7 003 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	35 871 000	20 453 000	10 485 000	13 867 000
Other Income	12 000	0	100 000	2 860 000
Revenue	35 883 000	20 453 000	10 585 000	16 726 000
Cost of Goods Sold	18 973 000	7 739 000	4 641 000	7 428 000
Salary Costs	4 623 000	4 077 000	3 157 000	2 720 000
Depreciation	276 000	195 000	192 000	246 000
Impairment	0	0	0	0
Expenditure	29 206 000	16 029 000	11 631 000	14 043 000
Operating Profit	6 433 000	4 551 000	−1 263 000	2 689 000
Financial Income	32 000	69 000	22 000	16 000
Financial Costs	136 000	127 000	110 000	154 000
Financial Balance	−104 000	−58 000	−88 000	−138 000
Dividends	0	0	0	0
Net Income	4 937 000	3 778 000	−1 332 000	2 256 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	0	0	0	15 000
Real Eastate	0	0	0	0
Machinery and Plant Facilities	385 000	267 000	286 000	305 000
Fixtures	1 590 000	916 000	1 011 000	1 053 000
Total Tangible Assets	1 975 000	1 183 000	1 297 000	1 358 000
Total Fiancial Fixed Assets	898 000	904 000	915 000	930 000
Total Fixed Assets	2 873 000	2 086 000	2 212 000	2 303 000
Stock	1 493 000	738 000	491 000	832 000
Total Investments	0	0	0	0
Cash, Bank	2 840 000	3 087 000	1 109 000	1 895 000
Total Current Assets	16 671 000	8 885 000	5 266 000	4 700 000
Total Assets	19 544 000	10 971 000	7 478 000	7 003 000
Total Equity	7 578 000	4 591 000	3 074 000	4 406 000
Short-Term Group Debt	6 461 000	3 688 000	281 000	141 000
Total Long-Term Debt	88 000	1 003 000	1 353 000	1 531 000
Creditors	2 506 000	427 000	1 490 000	389 000
Unpaid Taxes	1 669 000	870 000	774 000	207 000
Dividends	0	0	0	0
Other Current Debt	432 000	371 000	505 000	327 000
Total Current Debt	11 879 000	5 378 000	3 050 000	1 065 000
Total Equity and Debt	19 544 000	10 971 000	7 478 000	7 003 000

Financial indicators	2022	2021	2020	2019
Return on Equity	65,15 %	82,29 %	−43,33 %	51,2 %
Debt-to-Equity Ratio	0,01	0,22	0,44	0,35
Operating Profit Margin	17,93 %	22,25 %	−11,93 %	16,08 %
Current Ratio	1,4	1,65	1,73	4,41
Quick Ratio	1,61	1,91	2,06	20,17
Equity Ratio	0,39	0,42	0,41	0,63
Gross Profit Margin	47,13 %	62,16 %	56,15 %	55,59 %