SUBSEA TJENESTER AS

5121 ULSET

Finances

Share Ownership

Return on Equity

195,28 %

Current Ratio

0,84

Debt-to-Equity Ratio

−0

Key figures (NOK)	2022	2021	2020	2019
Revenue	2 771 000	2 047 000	1 659 000	2 354 000
Net Income	−207 000	326 000	−646 000	394 000
Total Assets	570 000	1 421 000	1 255 000	1 166 000
Total Equity	−106 000	101 000	58 000	705 000

Income (NOK)	2022	2021	2020	2019
Revenue	2 771 000	2 047 000	1 659 000	2 354 000
Expenditure	2 963 000	1 609 000	2 497 000	1 857 000
Operating Profit	−193 000	439 000	−838 000	497 000
Financial Income	0	0	11 000	7 000
Financial Costs	15 000	20 000	1 000	0
Financial Balance	−15 000	−20 000	10 000	7 000
Earnings Before Tax	−207 000	419 000	−829 000	505 000
Tax	−1 000	92 000	−182 000	111 000
Net Income	−207 000	326 000	−646 000	394 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	0	606 000	782 000	8 000
Total Current Assets	570 000	815 000	473 000	1 159 000
Total Assets	570 000	1 421 000	1 255 000	1 166 000
Total Retained Equity	−206 000	1 000	−42 000	605 000
Total Equity	−106 000	101 000	58 000	705 000
Total Long-Term Debt	0	606 000	697 000	0
Total Current Debt	676 000	714 000	500 000	462 000
Total Equity and Debt	570 000	1 421 000	1 255 000	1 166 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	2 739 000	2 047 000	1 659 000	2 354 000
Other Income	32 000	0	0	0
Revenue	2 771 000	2 047 000	1 659 000	2 354 000
Cost of Goods Sold	0	0	0	0
Salary Costs	2 702 000	1 394 000	2 234 000	1 666 000
Depreciation	63 000	84 000	7 000	0
Impairment	0	0	0	0
Expenditure	2 963 000	1 609 000	2 497 000	1 857 000
Operating Profit	−193 000	439 000	−838 000	497 000
Financial Income	0	0	11 000	7 000
Financial Costs	15 000	20 000	1 000	0
Financial Balance	−15 000	−20 000	10 000	7 000
Dividends	0	284 000	0	0
Net Income	−207 000	326 000	−646 000	394 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	0	0	92 000	8 000
Real Eastate	0	0	0	0
Machinery and Plant Facilities	0	0	0	0
Fixtures	0	606 000	690 000	0
Total Tangible Assets	0	606 000	690 000	0
Total Fiancial Fixed Assets	0	0	0	0
Total Fixed Assets	0	606 000	782 000	8 000
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	297 000	531 000	353 000	446 000
Total Current Assets	570 000	815 000	473 000	1 159 000
Total Assets	570 000	1 421 000	1 255 000	1 166 000
Total Equity	−106 000	101 000	58 000	705 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	0	606 000	697 000	0
Creditors	25 000	21 000	28 000	13 000
Unpaid Taxes	331 000	283 000	246 000	182 000
Dividends	0	284 000	0	0
Other Current Debt	321 000	126 000	226 000	168 000
Total Current Debt	676 000	714 000	500 000	462 000
Total Equity and Debt	570 000	1 421 000	1 255 000	1 166 000

Financial indicators	2022	2021	2020	2019
Return on Equity	195,28 %	322,77 %	−1 113,79 %	55,89 %
Debt-to-Equity Ratio	−0	6	12,02	0
Operating Profit Margin	−6,96 %	21,45 %	−50,51 %	21,11 %
Current Ratio	0,84	1,14	0,95	2,51
Quick Ratio	0,84	1,14	0,95	2,51
Equity Ratio	−0,19	0,07	0,05	0,6
Gross Profit Margin	100 %	100 %	100 %	100 %