SUBSEA MARINTECH AS

5410 SAGVÅG

Finances

Share Ownership

Return on Equity

−9,69 %

Current Ratio

1,78

Debt-to-Equity Ratio

1,06

Key figures (NOK)	2022	2021	2020	2019
Revenue	4 854 000	2 492 000	0	0
Net Income	−319 000	671 000	−5 000	−7 000
Total Assets	9 235 000	10 308 000	1 649 000	549 000
Total Equity	3 293 000	3 612 000	541 000	546 000

Income (NOK)	2022	2021	2020	2019
Revenue	4 854 000	2 492 000	0	0
Expenditure	5 185 000	1 631 000	25 000	31 000
Operating Profit	−331 000	860 000	−25 000	−31 000
Financial Income	2 000	0	20 000	22 000
Financial Costs	74 000	0	0	0
Financial Balance	−72 000	0	20 000	22 000
Earnings Before Tax	−403 000	860 000	−6 000	−9 000
Tax	−84 000	189 000	−1 000	−2 000
Net Income	−319 000	671 000	−5 000	−7 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	4 880 000	8 024 000	324 000	12 000
Total Current Assets	4 355 000	2 284 000	1 326 000	537 000
Total Assets	9 235 000	10 308 000	1 649 000	549 000
Total Retained Equity	175 000	494 000	−177 000	−172 000
Total Equity	3 293 000	3 612 000	541 000	546 000
Total Long-Term Debt	3 500 000	2 584 000	0	3 000
Total Current Debt	2 441 000	4 112 000	1 108 000	1 000
Total Equity and Debt	9 235 000	10 308 000	1 649 000	549 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	4 854 000	2 492 000	0	0
Other Income	0	0	0	0
Revenue	4 854 000	2 492 000	0	0
Cost of Goods Sold	3 645 000	966 000	0	0
Salary Costs	0	0	0	0
Depreciation	830 000	202 000	12 000	20 000
Impairment	0	0	0	0
Expenditure	5 185 000	1 631 000	25 000	31 000
Operating Profit	−331 000	860 000	−25 000	−31 000
Financial Income	2 000	0	20 000	22 000
Financial Costs	74 000	0	0	0
Financial Balance	−72 000	0	20 000	22 000
Dividends	0	0	0	0
Net Income	−319 000	671 000	−5 000	−7 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	2 269 000	5 250 000	324 000	0
Real Eastate	0	0	0	0
Machinery and Plant Facilities	0	0	0	12 000
Fixtures	2 565 000	2 719 000	0	0
Total Tangible Assets	2 565 000	2 719 000	0	12 000
Total Fiancial Fixed Assets	47 000	55 000	0	0
Total Fixed Assets	4 880 000	8 024 000	324 000	12 000
Stock	350 000	0	0	0
Total Investments	0	0	0	0
Cash, Bank	2 876 000	1 881 000	799 000	30 000
Total Current Assets	4 355 000	2 284 000	1 326 000	537 000
Total Assets	9 235 000	10 308 000	1 649 000	549 000
Total Equity	3 293 000	3 612 000	541 000	546 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	3 500 000	2 584 000	0	3 000
Creditors	2 334 000	3 093 000	3 000	0
Unpaid Taxes	0	134 000	0	0
Dividends	0	0	0	0
Other Current Debt	107 000	780 000	1 104 000	0
Total Current Debt	2 441 000	4 112 000	1 108 000	1 000
Total Equity and Debt	9 235 000	10 308 000	1 649 000	549 000

Financial indicators	2022	2021	2020	2019
Return on Equity	−9,69 %	18,58 %	−0,92 %	−1,28 %
Debt-to-Equity Ratio	1,06	0,72	0	0,01
Operating Profit Margin	−6,82 %	34,51 %	-	-
Current Ratio	1,78	0,56	1,2	537
Quick Ratio	2,08	0,56	1,2	537
Equity Ratio	0,36	0,35	0,33	0,99
Gross Profit Margin	24,91 %	61,24 %	-	-