SUBSEA TRENCHING SERVICES AS

1615 FREDRIKSTAD

Finances

Return on Equity

13,05 %

Current Ratio

5,72

Debt-to-Equity Ratio

Key figures (NOK)	2022	2021	2020	2019
Revenue	1 103 000	1 887 000	3 032 000	2 069 000
Net Income	265 000	470 000	515 000	462 000
Total Assets	2 428 000	2 398 000	2 056 000	1 282 000
Total Equity	2 031 000	1 832 000	1 361 000	846 000

Income (NOK)	2022	2021	2020	2019
Revenue	1 103 000	1 887 000	3 032 000	2 069 000
Expenditure	1 821 000	2 231 000	2 351 000	1 526 000
Operating Profit	−718 000	−345 000	681 000	543 000
Financial Income	1 001 000	834 000	0	0
Financial Costs	18 000	19 000	20 000	12 000
Financial Balance	983 000	815 000	−20 000	−12 000
Earnings Before Tax	265 000	470 000	661 000	531 000
Tax	0	0	146 000	69 000
Net Income	265 000	470 000	515 000	462 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	159 000	192 000	133 000	169 000
Total Current Assets	2 269 000	2 205 000	1 923 000	1 113 000
Total Assets	2 428 000	2 398 000	2 056 000	1 282 000
Total Retained Equity	1 867 000	1 668 000	1 197 000	682 000
Total Equity	2 031 000	1 832 000	1 361 000	846 000
Total Long-Term Debt	0	0	0	0
Total Current Debt	397 000	566 000	695 000	435 000
Total Equity and Debt	2 428 000	2 398 000	2 056 000	1 282 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	1 103 000	1 887 000	3 032 000	2 069 000
Other Income	0	0	0	0
Revenue	1 103 000	1 887 000	3 032 000	2 069 000
Cost of Goods Sold	0	0	0	0
Salary Costs	1 403 000	1 765 000	1 956 000	1 136 000
Depreciation	0	0	3 000	11 000
Impairment	0	0	0	0
Expenditure	1 821 000	2 231 000	2 351 000	1 526 000
Operating Profit	−718 000	−345 000	681 000	543 000
Financial Income	1 001 000	834 000	0	0
Financial Costs	18 000	19 000	20 000	12 000
Financial Balance	983 000	815 000	−20 000	−12 000
Dividends	0	0	0	0
Net Income	265 000	470 000	515 000	462 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	0	0	0	0
Real Eastate	0	0	0	0
Machinery and Plant Facilities	0	0	0	0
Fixtures	0	0	0	3 000
Total Tangible Assets	0	0	0	3 000
Total Fiancial Fixed Assets	159 000	192 000	133 000	166 000
Total Fixed Assets	159 000	192 000	133 000	169 000
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	789 000	990 000	962 000	835 000
Total Current Assets	2 269 000	2 205 000	1 923 000	1 113 000
Total Assets	2 428 000	2 398 000	2 056 000	1 282 000
Total Equity	2 031 000	1 832 000	1 361 000	846 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	0	0	0	0
Creditors	75 000	39 000	12 000	27 000
Unpaid Taxes	144 000	358 000	279 000	120 000
Dividends	0	0	0	0
Other Current Debt	177 000	170 000	258 000	220 000
Total Current Debt	397 000	566 000	695 000	435 000
Total Equity and Debt	2 428 000	2 398 000	2 056 000	1 282 000

Financial indicators	2022	2021	2020	2019
Return on Equity	13,05 %	25,66 %	37,84 %	54,61 %
Debt-to-Equity Ratio	0	0	0	0
Operating Profit Margin	−65,1 %	−18,28 %	22,46 %	26,24 %
Current Ratio	5,72	3,9	2,77	2,56
Quick Ratio	5,72	3,9	2,77	2,56
Equity Ratio	0,84	0,76	0,66	0,66
Gross Profit Margin	100 %	100 %	100 %	100 %