HAVILA SUBSEA MANAGEMENT AS

6092 FOSNAVÅG

Finances

Return on Equity

15,49 %

Current Ratio

2,93

Debt-to-Equity Ratio

Key figures (NOK)	2022	2021	2020	2019
Revenue	35 754 000	34 899 000	33 831 000	33 135 000
Net Income	4 359 000	5 276 000	4 914 000	6 321 000
Total Assets	41 671 000	37 110 000	31 489 000	27 676 000
Total Equity	28 148 000	23 789 000	18 513 000	13 599 000

Income (NOK)	2022	2021	2020	2019
Revenue	35 754 000	34 899 000	33 831 000	33 135 000
Expenditure	30 401 000	28 118 000	27 441 000	24 932 000
Operating Profit	5 353 000	6 781 000	6 389 000	8 202 000
Financial Income	428 000	156 000	101 000	128 000
Financial Costs	177 000	169 000	167 000	195 000
Financial Balance	251 000	−13 000	−66 000	−67 000
Earnings Before Tax	5 604 000	6 769 000	6 323 000	8 134 000
Tax	1 245 000	1 493 000	1 409 000	1 814 000
Net Income	4 359 000	5 276 000	4 914 000	6 321 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	2 121 000	1 988 000	2 557 000	5 077 000
Total Current Assets	39 551 000	35 122 000	28 931 000	22 599 000
Total Assets	41 671 000	37 110 000	31 489 000	27 676 000
Total Retained Equity	24 338 000	19 979 000	14 703 000	9 789 000
Total Equity	28 148 000	23 789 000	18 513 000	13 599 000
Total Long-Term Debt	5 000	0	2 000	6 000
Total Current Debt	13 518 000	13 321 000	12 973 000	14 071 000
Total Equity and Debt	41 671 000	37 110 000	31 489 000	27 676 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	0	0	0	0
Other Income	35 754 000	34 899 000	33 831 000	33 135 000
Revenue	35 754 000	34 899 000	33 831 000	33 135 000
Cost of Goods Sold	0	0	0	0
Salary Costs	26 076 000	23 884 000	23 095 000	20 534 000
Depreciation	76 000	60 000	59 000	34 000
Impairment	0	0	0	0
Expenditure	30 401 000	28 118 000	27 441 000	24 932 000
Operating Profit	5 353 000	6 781 000	6 389 000	8 202 000
Financial Income	428 000	156 000	101 000	128 000
Financial Costs	177 000	169 000	167 000	195 000
Financial Balance	251 000	−13 000	−66 000	−67 000
Dividends	0	0	0	0
Net Income	4 359 000	5 276 000	4 914 000	6 321 000

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	253 000	121 000	110 000	169 000
Total Tangible Assets	253 000	121 000	110 000	169 000
Total Fiancial Fixed Assets	1 868 000	1 868 000	2 448 000	4 908 000
Total Fixed Assets	2 121 000	1 988 000	2 557 000	5 077 000
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	23 450 000	19 669 000	13 284 000	4 750 000
Total Current Assets	39 551 000	35 122 000	28 931 000	22 599 000
Total Assets	41 671 000	37 110 000	31 489 000	27 676 000
Total Equity	28 148 000	23 789 000	18 513 000	13 599 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	5 000	0	2 000	6 000
Creditors	329 000	340 000	315 000	119 000
Unpaid Taxes	3 564 000	3 715 000	3 525 000	4 077 000
Dividends	0	0	0	0
Other Current Debt	9 624 000	9 266 000	9 134 000	9 875 000
Total Current Debt	13 518 000	13 321 000	12 973 000	14 071 000
Total Equity and Debt	41 671 000	37 110 000	31 489 000	27 676 000

Financial indicators	2022	2021	2020	2019
Return on Equity	15,49 %	22,18 %	26,54 %	46,48 %
Debt-to-Equity Ratio	0	0	0	0
Operating Profit Margin	14,97 %	19,43 %	18,89 %	24,75 %
Current Ratio	2,93	2,64	2,23	1,61
Quick Ratio	2,93	2,64	2,23	1,61
Equity Ratio	0,68	0,64	0,59	0,49
Gross Profit Margin	100 %	100 %	100 %	100 %