SUBSEA SYSTEMS AS

5114 TERTNES

Finances

Share Ownership

Return on Equity

161,58 %

Current Ratio

1,36

Debt-to-Equity Ratio

0,01

Key figures (NOK)	2022	2021	2020	2019
Revenue	3 445 000	1 664 000	1 141 000	2 339 000
Net Income	1 619 000	668 000	366 000	915 000
Total Assets	3 793 000	2 235 000	2 752 000	3 249 000
Total Equity	1 002 000	1 382 000	1 115 000	2 248 000

Income (NOK)	2022	2021	2020	2019
Revenue	3 445 000	1 664 000	1 141 000	2 339 000
Expenditure	1 473 000	837 000	743 000	1 346 000
Operating Profit	1 972 000	827 000	397 000	992 000
Financial Income	36 000	29 000	39 000	0
Financial Costs	0	0	0	−32 000
Financial Balance	36 000	29 000	39 000	32 000
Earnings Before Tax	2 008 000	856 000	436 000	1 024 000
Tax	388 000	188 000	70 000	110 000
Net Income	1 619 000	668 000	366 000	915 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	0	0	0	0
Total Current Assets	3 793 000	2 235 000	2 752 000	3 249 000
Total Assets	3 793 000	2 235 000	2 752 000	3 249 000
Total Retained Equity	898 000	1 278 000	1 011 000	2 144 000
Total Equity	1 002 000	1 382 000	1 115 000	2 248 000
Total Long-Term Debt	10 000	13 000	16 000	0
Total Current Debt	2 781 000	840 000	1 622 000	1 001 000
Total Equity and Debt	3 793 000	2 235 000	2 752 000	3 249 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	3 445 000	1 664 000	931 000	2 339 000
Other Income	0	0	210 000	0
Revenue	3 445 000	1 664 000	1 141 000	2 339 000
Cost of Goods Sold	0	0	0	0
Salary Costs	1 049 000	568 000	463 000	913 000
Depreciation	0	0	0	0
Impairment	0	0	0	0
Expenditure	1 473 000	837 000	743 000	1 346 000
Operating Profit	1 972 000	827 000	397 000	992 000
Financial Income	36 000	29 000	39 000	0
Financial Costs	0	0	0	−32 000
Financial Balance	36 000	29 000	39 000	32 000
Dividends	2 000 000	400 000	1 500 000	600 000
Net Income	1 619 000	668 000	366 000	915 000

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	0
Total Tangible Assets	0	0	0	0
Total Fiancial Fixed Assets	0	0	0	0
Total Fixed Assets	0	0	0	0
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	3 381 000	1 917 000	2 722 000	2 949 000
Total Current Assets	3 793 000	2 235 000	2 752 000	3 249 000
Total Assets	3 793 000	2 235 000	2 752 000	3 249 000
Total Equity	1 002 000	1 382 000	1 115 000	2 248 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	10 000	13 000	16 000	0
Creditors	48 000	14 000	27 000	42 000
Unpaid Taxes	119 000	194 000	12 000	178 000
Dividends	2 000 000	400 000	1 500 000	600 000
Other Current Debt	170 000	42 000	29 000	71 000
Total Current Debt	2 781 000	840 000	1 622 000	1 001 000
Total Equity and Debt	3 793 000	2 235 000	2 752 000	3 249 000

Financial indicators	2022	2021	2020	2019
Return on Equity	161,58 %	48,34 %	32,83 %	40,7 %
Debt-to-Equity Ratio	0,01	0,01	0,01	0
Operating Profit Margin	57,24 %	49,7 %	34,79 %	42,41 %
Current Ratio	1,36	2,66	1,7	3,25
Quick Ratio	1,36	2,66	1,7	3,25
Equity Ratio	0,26	0,62	0,41	0,69
Gross Profit Margin	100 %	100 %	100 %	100 %