SUBMERGE AS

0171 OSLO

Finances

Return on Equity

−17,82 %

Current Ratio

8,71

Debt-to-Equity Ratio

0,02

Key figures (NOK)	2022	2021	2020	2019
Revenue	259 000	276 000	42 000	406 000
Net Income	−1 629 000	−223 000	1 374 000	12 059 000
Total Assets	10 165 000	15 070 000	14 742 000	17 827 000
Total Equity	9 140 000	10 768 000	16 991 000	15 617 000

Income (NOK)	2022	2021	2020	2019
Revenue	259 000	276 000	42 000	406 000
Expenditure	1 668 000	1 866 000	2 213 000	1 030 000
Operating Profit	−1 409 000	−1 591 000	−2 171 000	−624 000
Financial Income	1 431 000	1 416 000	3 595 000	12 692 000
Financial Costs	1 650 000	48 000	50 000	9 000
Financial Balance	−219 000	1 368 000	3 545 000	12 683 000
Earnings Before Tax	−1 629 000	−223 000	1 374 000	12 059 000
Tax	0	0	0	0
Net Income	−1 629 000	−223 000	1 374 000	12 059 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	3 034 000	3 577 000	5 671 000	6 058 000
Total Current Assets	7 131 000	11 493 000	9 071 000	11 769 000
Total Assets	10 165 000	15 070 000	14 742 000	17 827 000
Total Retained Equity	8 921 000	10 549 000	16 772 000	15 399 000
Total Equity	9 140 000	10 768 000	16 991 000	15 617 000
Total Long-Term Debt	206 000	364 000	0	0
Total Current Debt	819 000	3 938 000	−2 249 000	2 209 000
Total Equity and Debt	10 165 000	15 070 000	14 742 000	17 827 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	259 000	276 000	42 000	406 000
Other Income	0	0	0	0
Revenue	259 000	276 000	42 000	406 000
Cost of Goods Sold	0	0	0	0
Salary Costs	698 000	612 000	1 373 000	532 000
Depreciation	543 000	527 000	448 000	261 000
Impairment	0	0	0	0
Expenditure	1 668 000	1 866 000	2 213 000	1 030 000
Operating Profit	−1 409 000	−1 591 000	−2 171 000	−624 000
Financial Income	1 431 000	1 416 000	3 595 000	12 692 000
Financial Costs	1 650 000	48 000	50 000	9 000
Financial Balance	−219 000	1 368 000	3 545 000	12 683 000
Dividends	0	0	0	2 000 000
Net Income	−1 629 000	−223 000	1 374 000	12 059 000

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	2 125 000	2 668 000	2 722 000	3 170 000
Total Tangible Assets	2 125 000	2 668 000	2 722 000	3 170 000
Total Fiancial Fixed Assets	909 000	909 000	2 950 000	2 888 000
Total Fixed Assets	3 034 000	3 577 000	5 671 000	6 058 000
Stock	0	0	0	0
Total Investments	6 229 000	10 896 000	8 383 000	5 207 000
Cash, Bank	602 000	550 000	603 000	5 789 000
Total Current Assets	7 131 000	11 493 000	9 071 000	11 769 000
Total Assets	10 165 000	15 070 000	14 742 000	17 827 000
Total Equity	9 140 000	10 768 000	16 991 000	15 617 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	206 000	364 000	0	0
Creditors	8 000	7 000	5 000	36 000
Unpaid Taxes	60 000	58 000	82 000	137 000
Dividends	0	0	0	2 000 000
Other Current Debt	751 000	3 873 000	−2 336 000	36 000
Total Current Debt	819 000	3 938 000	−2 249 000	2 209 000
Total Equity and Debt	10 165 000	15 070 000	14 742 000	17 827 000

Financial indicators	2022	2021	2020	2019
Return on Equity	−17,82 %	−2,07 %	8,09 %	77,22 %
Debt-to-Equity Ratio	0,02	0,03	0	0
Operating Profit Margin	−544,02 %	−576,45 %	−5 169,05 %	−153,69 %
Current Ratio	8,71	2,92	−4,03	5,33
Quick Ratio	8,71	2,92	−4,03	5,33
Equity Ratio	0,9	0,71	1,15	0,88
Gross Profit Margin	100 %	100 %	100 %	100 %