REIDAR ULVOY SUBSEA INTERVENTION AND SERVICE

5943 AUSTRHEIM

Finances

Share Ownership

Return on Equity

−5,07 %

Current Ratio

4,63

Debt-to-Equity Ratio

Key figures (NOK)	2022	2021	2020	2019
Revenue	818 000	445 000	2 155 000	882 000
Net Income	−419 000	−461 000	657 000	78 000
Total Assets	10 055 000	10 157 000	10 816 000	10 099 000
Total Equity	8 271 000	8 690 000	9 152 000	8 495 000

Income (NOK)	2022	2021	2020	2019
Revenue	818 000	445 000	2 155 000	882 000
Expenditure	1 231 000	1 108 000	1 359 000	894 000
Operating Profit	−414 000	−664 000	795 000	−12 000
Financial Income	66 000	87 000	44 000	105 000
Financial Costs	71 000	0	1 000	1 000
Financial Balance	−5 000	87 000	43 000	104 000
Earnings Before Tax	−419 000	−577 000	838 000	92 000
Tax	0	−115 000	181 000	14 000
Net Income	−419 000	−461 000	657 000	78 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	1 797 000	1 165 000	1 509 000	1 567 000
Total Current Assets	8 258 000	8 992 000	9 307 000	8 533 000
Total Assets	10 055 000	10 157 000	10 816 000	10 099 000
Total Retained Equity	8 271 000	8 690 000	9 152 000	8 495 000
Total Equity	8 271 000	8 690 000	9 152 000	8 495 000
Total Long-Term Debt	0	0	115 000	77 000
Total Current Debt	1 784 000	1 467 000	1 549 000	1 527 000
Total Equity and Debt	10 055 000	10 157 000	10 816 000	10 099 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	808 000	445 000	2 130 000	882 000
Other Income	11 000	0	25 000	0
Revenue	818 000	445 000	2 155 000	882 000
Cost of Goods Sold	7 000	58 000	135 000	19 000
Salary Costs	363 000	302 000	323 000	128 000
Depreciation	388 000	343 000	328 000	311 000
Impairment	0	0	0	0
Expenditure	1 231 000	1 108 000	1 359 000	894 000
Operating Profit	−414 000	−664 000	795 000	−12 000
Financial Income	66 000	87 000	44 000	105 000
Financial Costs	71 000	0	1 000	1 000
Financial Balance	−5 000	87 000	43 000	104 000
Dividends	0	0	0	0
Net Income	−419 000	−461 000	657 000	78 000

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	802 000	1 113 000	1 439 000	1 526 000
Fixtures	995 000	53 000	70 000	40 000
Total Tangible Assets	1 797 000	1 165 000	1 509 000	1 567 000
Total Fiancial Fixed Assets	0	0	0	0
Total Fixed Assets	1 797 000	1 165 000	1 509 000	1 567 000
Stock	12 000	12 000	12 000	12 000
Total Investments	240 000	1 389 000	1 314 000	299 000
Cash, Bank	7 866 000	7 555 000	7 797 000	7 759 000
Total Current Assets	8 258 000	8 992 000	9 307 000	8 533 000
Total Assets	10 055 000	10 157 000	10 816 000	10 099 000
Total Equity	8 271 000	8 690 000	9 152 000	8 495 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	0	0	115 000	77 000
Creditors	51 000	29 000	27 000	16 000
Unpaid Taxes	34 000	34 000	47 000	122 000
Dividends	0	0	0	0
Other Current Debt	1 699 000	1 404 000	1 332 000	1 389 000
Total Current Debt	1 784 000	1 467 000	1 549 000	1 527 000
Total Equity and Debt	10 055 000	10 157 000	10 816 000	10 099 000

Financial indicators	2022	2021	2020	2019
Return on Equity	−5,07 %	−5,3 %	7,18 %	0,92 %
Debt-to-Equity Ratio	0	0	0,01	0,01
Operating Profit Margin	−50,61 %	−149,21 %	36,89 %	−1,36 %
Current Ratio	4,63	6,13	6,01	5,59
Quick Ratio	4,66	6,18	6,06	5,63
Equity Ratio	0,82	0,86	0,85	0,84
Gross Profit Margin	99,14 %	86,97 %	93,74 %	97,85 %