SUBSEA ENTERPRISES AS

1395 HVALSTAD

Finances

Share Ownership

Return on Equity

36,67 %

Current Ratio

2,29

Debt-to-Equity Ratio

Key figures (NOK)	2022	2021	2020	2019
Revenue	3 097 000	2 839 000	1 442 000	3 148 000
Net Income	1 504 000	1 477 000	180 000	915 000
Total Assets	4 846 000	3 938 000	5 205 000	6 024 000
Total Equity	4 102 000	2 598 000	4 389 000	4 909 000

Income (NOK)	2022	2021	2020	2019
Revenue	3 097 000	2 839 000	1 442 000	3 148 000
Expenditure	1 171 000	1 006 000	1 263 000	2 037 000
Operating Profit	1 926 000	1 832 000	180 000	1 111 000
Financial Income	3 000	3 000	13 000	14 000
Financial Costs	0	0	6 000	2 000
Financial Balance	3 000	3 000	7 000	12 000
Earnings Before Tax	1 929 000	1 835 000	187 000	1 123 000
Tax	424 000	357 000	7 000	208 000
Net Income	1 504 000	1 477 000	180 000	915 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	3 141 000	3 153 000	3 487 000	3 574 000
Total Current Assets	1 705 000	785 000	1 718 000	2 450 000
Total Assets	4 846 000	3 938 000	5 205 000	6 024 000
Total Retained Equity	4 002 000	2 498 000	4 289 000	4 809 000
Total Equity	4 102 000	2 598 000	4 389 000	4 909 000
Total Long-Term Debt	0	0	0	0
Total Current Debt	744 000	1 340 000	816 000	1 115 000
Total Equity and Debt	4 846 000	3 938 000	5 205 000	6 024 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	2 800 000	2 453 000	1 187 000	2 896 000
Other Income	297 000	385 000	255 000	252 000
Revenue	3 097 000	2 839 000	1 442 000	3 148 000
Cost of Goods Sold	0	0	0	0
Salary Costs	505 000	519 000	476 000	960 000
Depreciation	12 000	3 000	87 000	108 000
Impairment	0	0	0	0
Expenditure	1 171 000	1 006 000	1 263 000	2 037 000
Operating Profit	1 926 000	1 832 000	180 000	1 111 000
Financial Income	3 000	3 000	13 000	14 000
Financial Costs	0	0	6 000	2 000
Financial Balance	3 000	3 000	7 000	12 000
Dividends	0	700 000	700 000	400 000
Net Income	1 504 000	1 477 000	180 000	915 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	0	0	0	0
Real Eastate	3 141 000	3 141 000	3 141 000	3 141 000
Machinery and Plant Facilities	0	0	0	0
Fixtures	0	12 000	346 000	433 000
Total Tangible Assets	3 141 000	3 153 000	3 487 000	3 574 000
Total Fiancial Fixed Assets	0	0	0	0
Total Fixed Assets	3 141 000	3 153 000	3 487 000	3 574 000
Stock	0	0	0	0
Total Investments	100 000	0	0	0
Cash, Bank	861 000	398 000	1 469 000	1 836 000
Total Current Assets	1 705 000	785 000	1 718 000	2 450 000
Total Assets	4 846 000	3 938 000	5 205 000	6 024 000
Total Equity	4 102 000	2 598 000	4 389 000	4 909 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	0	0	0	0
Creditors	10 000	−8 000	−20 000	−7 000
Unpaid Taxes	164 000	150 000	71 000	287 000
Dividends	0	700 000	700 000	400 000
Other Current Debt	145 000	140 000	57 000	227 000
Total Current Debt	744 000	1 340 000	816 000	1 115 000
Total Equity and Debt	4 846 000	3 938 000	5 205 000	6 024 000

Financial indicators	2022	2021	2020	2019
Return on Equity	36,67 %	56,85 %	4,1 %	18,64 %
Debt-to-Equity Ratio	0	0	0	0
Operating Profit Margin	62,19 %	64,53 %	12,48 %	35,29 %
Current Ratio	2,29	0,59	2,11	2,2
Quick Ratio	2,29	0,59	2,11	2,2
Equity Ratio	0,85	0,66	0,84	0,81
Gross Profit Margin	100 %	100 %	100 %	100 %