OPTIME SUBSEA AS

3676 NOTODDEN

Finances

Return on Equity

−23,72 %

Current Ratio

1,3

Debt-to-Equity Ratio

0,63

Key figures (NOK)	2022	2021	2020	2019
Revenue	153 122 000	193 083 000	120 636 000	105 992 000
Net Income	−20 913 000	−5 587 000	5 922 000	4 693 000
Total Assets	328 672 000	245 238 000	149 667 000	143 754 000
Total Equity	88 158 000	109 072 000	66 413 000	59 696 000

Income (NOK)	2022	2021	2020	2019
Revenue	153 122 000	193 083 000	120 636 000	105 992 000
Expenditure	171 331 000	198 514 000	109 591 000	97 480 000
Operating Profit	−18 209 000	−5 431 000	11 046 000	8 511 000
Financial Income	3 385 000	1 290 000	645 000	443 000
Financial Costs	11 600 000	3 215 000	2 965 000	2 306 000
Financial Balance	−8 215 000	−1 925 000	−2 320 000	−1 863 000
Earnings Before Tax	−26 424 000	−7 357 000	8 726 000	6 648 000
Tax	−5 511 000	−1 770 000	2 803 000	1 955 000
Net Income	−20 913 000	−5 587 000	5 922 000	4 693 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	88 922 000	83 315 000	118 192 000	101 038 000
Total Current Assets	239 750 000	161 924 000	31 475 000	42 717 000
Total Assets	328 672 000	245 238 000	149 667 000	143 754 000
Total Retained Equity	0	11 705 000	582 000	−6 135 000
Total Equity	88 158 000	109 072 000	66 413 000	59 696 000
Total Long-Term Debt	55 840 000	49 377 000	40 092 000	30 967 000
Total Current Debt	184 674 000	86 790 000	43 163 000	53 092 000
Total Equity and Debt	328 672 000	245 238 000	149 667 000	143 754 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	153 122 000	193 083 000	120 597 000	105 992 000
Other Income	0	0	39 000	0
Revenue	153 122 000	193 083 000	120 636 000	105 992 000
Cost of Goods Sold	69 708 000	116 258 000	52 609 000	56 622 000
Salary Costs	62 400 000	54 192 000	29 971 000	20 541 000
Depreciation	5 063 000	4 238 000	8 315 000	8 699 000
Impairment	0	0	0	0
Expenditure	171 331 000	198 514 000	109 591 000	97 480 000
Operating Profit	−18 209 000	−5 431 000	11 046 000	8 511 000
Financial Income	3 385 000	1 290 000	645 000	443 000
Financial Costs	11 600 000	3 215 000	2 965 000	2 306 000
Financial Balance	−8 215 000	−1 925 000	−2 320 000	−1 863 000
Dividends	0	0	0	0
Net Income	−20 913 000	−5 587 000	5 922 000	4 693 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	20 481 000	23 894 000
Total Intangible Assets	33 624 000	26 660 000	51 523 000	52 955 000
Real Eastate	0	0	0	0
Machinery and Plant Facilities	2 101 000	4 667 000	41 426 000	46 694 000
Fixtures	3 362 000	860 000	23 948 000	94 000
Total Tangible Assets	5 464 000	5 526 000	65 374 000	46 788 000
Total Fiancial Fixed Assets	49 834 000	51 129 000	1 295 000	1 295 000
Total Fixed Assets	88 922 000	83 315 000	118 192 000	101 038 000
Stock	19 552 000	4 900 000	4 063 000	2 766 000
Total Investments	0	0	0	0
Cash, Bank	3 050 000	4 931 000	2 531 000	16 482 000
Total Current Assets	239 750 000	161 924 000	31 475 000	42 717 000
Total Assets	328 672 000	245 238 000	149 667 000	143 754 000
Total Equity	88 158 000	109 072 000	66 413 000	59 696 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	55 840 000	49 377 000	40 092 000	30 967 000
Creditors	25 494 000	15 936 000	11 617 000	18 125 000
Unpaid Taxes	5 093 000	298 000	3 200 000	2 402 000
Dividends	0	0	0	0
Other Current Debt	128 834 000	31 217 000	17 765 000	32 097 000
Total Current Debt	184 674 000	86 790 000	43 163 000	53 092 000
Total Equity and Debt	328 672 000	245 238 000	149 667 000	143 754 000

Financial indicators	2022	2021	2020	2019
Return on Equity	−23,72 %	−5,12 %	8,92 %	7,86 %
Debt-to-Equity Ratio	0,63	0,45	0,6	0,52
Operating Profit Margin	−11,89 %	−2,81 %	9,16 %	8,03 %
Current Ratio	1,3	1,87	0,73	0,8
Quick Ratio	1,45	1,98	0,8	0,85
Equity Ratio	0,27	0,44	0,44	0,42
Gross Profit Margin	54,48 %	39,79 %	56,39 %	46,58 %