NORDIC SUBSEA AS

7562 SAKSVIK

Finances

Share Ownership

Return on Equity

−44,1 %

Current Ratio

1,42

Debt-to-Equity Ratio

1,93

Key figures (NOK)	2022	2021	2020	2019
Revenue	3 833 000	3 327 000	3 600 000	4 171 000
Net Income	−624 000	−818 000	162 000	−9 000
Total Assets	5 342 000	2 489 000	2 235 000	2 709 000
Total Equity	1 415 000	566 000	1 385 000	1 223 000

Income (NOK)	2022	2021	2020	2019
Revenue	3 833 000	3 327 000	3 600 000	4 171 000
Expenditure	4 831 000	4 133 000	3 421 000	4 165 000
Operating Profit	−998 000	−805 000	179 000	6 000
Financial Income	3 000	3 000	3 000	5 000
Financial Costs	66 000	16 000	20 000	19 000
Financial Balance	−63 000	−13 000	−17 000	−14 000
Earnings Before Tax	−1 061 000	−818 000	162 000	−9 000
Tax	−438 000	0	0	0
Net Income	−624 000	−818 000	162 000	−9 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	3 641 000	1 314 000	725 000	956 000
Total Current Assets	1 700 000	1 175 000	1 509 000	1 753 000
Total Assets	5 342 000	2 489 000	2 235 000	2 709 000
Total Retained Equity	−1 538 000	−914 000	−95 000	−257 000
Total Equity	1 415 000	566 000	1 385 000	1 223 000
Total Long-Term Debt	2 733 000	233 000	279 000	322 000
Total Current Debt	1 194 000	1 690 000	571 000	1 164 000
Total Equity and Debt	5 342 000	2 489 000	2 235 000	2 709 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	3 833 000	3 313 000	3 600 000	4 171 000
Other Income	0	14 000	0	0
Revenue	3 833 000	3 327 000	3 600 000	4 171 000
Cost of Goods Sold	2 369 000	2 544 000	1 932 000	2 451 000
Salary Costs	16 000	74 000	13 000	30 000
Depreciation	398 000	172 000	179 000	159 000
Impairment	0	70 000	0	0
Expenditure	4 831 000	4 133 000	3 421 000	4 165 000
Operating Profit	−998 000	−805 000	179 000	6 000
Financial Income	3 000	3 000	3 000	5 000
Financial Costs	66 000	16 000	20 000	19 000
Financial Balance	−63 000	−13 000	−17 000	−14 000
Dividends	0	0	0	0
Net Income	−624 000	−818 000	162 000	−9 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	438 000	0	0	0
Real Eastate	0	0	0	0
Machinery and Plant Facilities	132 000	214 000	280 000	360 000
Fixtures	2 415 000	294 000	351 000	450 000
Total Tangible Assets	2 547 000	508 000	631 000	810 000
Total Fiancial Fixed Assets	657 000	807 000	94 000	146 000
Total Fixed Assets	3 641 000	1 314 000	725 000	956 000
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	1 203 000	453 000	837 000	460 000
Total Current Assets	1 700 000	1 175 000	1 509 000	1 753 000
Total Assets	5 342 000	2 489 000	2 235 000	2 709 000
Total Equity	1 415 000	566 000	1 385 000	1 223 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	2 733 000	233 000	279 000	322 000
Creditors	1 153 000	581 000	247 000	848 000
Unpaid Taxes	1 000	2 000	116 000	0
Dividends	0	0	0	0
Other Current Debt	41 000	1 107 000	208 000	316 000
Total Current Debt	1 194 000	1 690 000	571 000	1 164 000
Total Equity and Debt	5 342 000	2 489 000	2 235 000	2 709 000

Financial indicators	2022	2021	2020	2019
Return on Equity	−44,1 %	−144,52 %	11,7 %	−0,74 %
Debt-to-Equity Ratio	1,93	0,41	0,2	0,26
Operating Profit Margin	−26,04 %	−24,2 %	4,97 %	0,14 %
Current Ratio	1,42	0,7	2,64	1,51
Quick Ratio	1,42	0,7	2,64	1,51
Equity Ratio	0,26	0,23	0,62	0,45
Gross Profit Margin	38,19 %	23,53 %	46,33 %	41,24 %