SUB AQUA TECH AS

6980 ASKVOLL

Finances

Return on Equity

−71,32 %

Current Ratio

1,03

Debt-to-Equity Ratio

1,88

Key figures (NOK)	2022	2021	2020	2019
Revenue	981 000	2 190 000	2 803 000	2 307 000
Net Income	−771 000	113 000	552 000	97 000
Total Assets	3 315 000	4 395 000	4 713 000	4 140 000
Total Equity	1 081 000	1 852 000	1 738 000	1 186 000

Income (NOK)	2022	2021	2020	2019
Revenue	981 000	2 190 000	2 803 000	2 307 000
Expenditure	1 665 000	1 927 000	1 958 000	2 071 000
Operating Profit	−684 000	263 000	846 000	237 000
Financial Income	4 000	6 000	4 000	4 000
Financial Costs	134 000	123 000	143 000	119 000
Financial Balance	−130 000	−117 000	−139 000	−115 000
Earnings Before Tax	−813 000	146 000	707 000	123 000
Tax	−42 000	32 000	155 000	26 000
Net Income	−771 000	113 000	552 000	97 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	3 110 000	3 303 000	3 505 000	3 666 000
Total Current Assets	205 000	1 092 000	1 208 000	474 000
Total Assets	3 315 000	4 395 000	4 713 000	4 140 000
Total Retained Equity	669 000	1 440 000	1 327 000	775 000
Total Equity	1 081 000	1 852 000	1 738 000	1 186 000
Total Long-Term Debt	2 035 000	2 278 000	2 492 000	2 691 000
Total Current Debt	199 000	265 000	483 000	263 000
Total Equity and Debt	3 315 000	4 395 000	4 713 000	4 140 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	824 000	2 190 000	2 803 000	2 255 000
Other Income	157 000	0	0	52 000
Revenue	981 000	2 190 000	2 803 000	2 307 000
Cost of Goods Sold	11 000	−11 000	49 000	123 000
Salary Costs	842 000	1 205 000	1 136 000	1 128 000
Depreciation	188 000	222 000	222 000	139 000
Impairment	0	0	0	0
Expenditure	1 665 000	1 927 000	1 958 000	2 071 000
Operating Profit	−684 000	263 000	846 000	237 000
Financial Income	4 000	6 000	4 000	4 000
Financial Costs	134 000	123 000	143 000	119 000
Financial Balance	−130 000	−117 000	−139 000	−115 000
Dividends	0	0	0	0
Net Income	−771 000	113 000	552 000	97 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	10 000	10 000	10 000	10 000
Real Eastate	2 927 000	2 979 000	3 054 000	3 091 000
Machinery and Plant Facilities	40 000	93 000	152 000	197 000
Fixtures	111 000	189 000	261 000	330 000
Total Tangible Assets	3 079 000	3 261 000	3 467 000	3 618 000
Total Fiancial Fixed Assets	21 000	32 000	28 000	38 000
Total Fixed Assets	3 110 000	3 303 000	3 505 000	3 666 000
Stock	176 000	176 000	156 000	176 000
Total Investments	5 000	5 000	5 000	5 000
Cash, Bank	−103 000	524 000	599 000	174 000
Total Current Assets	205 000	1 092 000	1 208 000	474 000
Total Assets	3 315 000	4 395 000	4 713 000	4 140 000
Total Equity	1 081 000	1 852 000	1 738 000	1 186 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	2 035 000	2 278 000	2 492 000	2 691 000
Creditors	51 000	11 000	32 000	70 000
Unpaid Taxes	52 000	112 000	161 000	59 000
Dividends	0	0	0	0
Other Current Debt	96 000	109 000	132 000	106 000
Total Current Debt	199 000	265 000	483 000	263 000
Total Equity and Debt	3 315 000	4 395 000	4 713 000	4 140 000

Financial indicators	2022	2021	2020	2019
Return on Equity	−71,32 %	6,1 %	31,76 %	8,18 %
Debt-to-Equity Ratio	1,88	1,23	1,43	2,27
Operating Profit Margin	−69,72 %	12,01 %	30,18 %	10,27 %
Current Ratio	1,03	4,12	2,5	1,8
Quick Ratio	8,91	12,27	3,69	5,45
Equity Ratio	0,33	0,42	0,37	0,29
Gross Profit Margin	98,88 %	100,5 %	98,25 %	94,67 %