QUEST SUBSEA AS

1348 RYKKINN

Finances

Share Ownership

Return on Equity

46,95 %

Current Ratio

3,21

Debt-to-Equity Ratio

0,2

Key figures (NOK)	2022	2021	2020	2019
Revenue	1 629 000	948 000	1 616 000	567 000
Net Income	532 000	−435 000	275 000	−614 000
Total Assets	1 828 000	1 141 000	1 608 000	1 244 000
Total Equity	1 133 000	601 000	1 036 000	761 000

Income (NOK)	2022	2021	2020	2019
Revenue	1 629 000	948 000	1 616 000	567 000
Expenditure	1 067 000	1 389 000	1 264 000	1 356 000
Operating Profit	562 000	−441 000	353 000	−789 000
Financial Income	6 000	7 000	7 000	9 000
Financial Costs	8 000	1 000	8 000	7 000
Financial Balance	−2 000	6 000	−1 000	2 000
Earnings Before Tax	559 000	−435 000	352 000	−787 000
Tax	27 000	0	77 000	−173 000
Net Income	532 000	−435 000	275 000	−614 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	315 000	373 000	272 000	365 000
Total Current Assets	1 513 000	768 000	1 336 000	880 000
Total Assets	1 828 000	1 141 000	1 608 000	1 244 000
Total Retained Equity	1 029 000	497 000	932 000	658 000
Total Equity	1 133 000	601 000	1 036 000	761 000
Total Long-Term Debt	224 000	224 000	224 000	224 000
Total Current Debt	471 000	316 000	348 000	259 000
Total Equity and Debt	1 828 000	1 141 000	1 608 000	1 244 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	1 527 000	853 000	1 553 000	481 000
Other Income	102 000	95 000	63 000	85 000
Revenue	1 629 000	948 000	1 616 000	567 000
Cost of Goods Sold	7 000	146 000	0	0
Salary Costs	656 000	649 000	680 000	662 000
Depreciation	31 000	27 000	15 000	30 000
Impairment	0	0	0	0
Expenditure	1 067 000	1 389 000	1 264 000	1 356 000
Operating Profit	562 000	−441 000	353 000	−789 000
Financial Income	6 000	7 000	7 000	9 000
Financial Costs	8 000	1 000	8 000	7 000
Financial Balance	−2 000	6 000	−1 000	2 000
Dividends	0	0	0	0
Net Income	532 000	−435 000	275 000	−614 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	225 000	252 000	252 000	330 000
Real Eastate	0	0	0	0
Machinery and Plant Facilities	90 000	115 000	0	0
Fixtures	0	6 000	20 000	35 000
Total Tangible Assets	90 000	121 000	20 000	35 000
Total Fiancial Fixed Assets	0	0	0	0
Total Fixed Assets	315 000	373 000	272 000	365 000
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	1 099 000	593 000	768 000	559 000
Total Current Assets	1 513 000	768 000	1 336 000	880 000
Total Assets	1 828 000	1 141 000	1 608 000	1 244 000
Total Equity	1 133 000	601 000	1 036 000	761 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	224 000	224 000	224 000	224 000
Creditors	19 000	1 000	12 000	26 000
Unpaid Taxes	116 000	94 000	172 000	89 000
Dividends	0	0	0	0
Other Current Debt	336 000	221 000	164 000	143 000
Total Current Debt	471 000	316 000	348 000	259 000
Total Equity and Debt	1 828 000	1 141 000	1 608 000	1 244 000

Financial indicators	2022	2021	2020	2019
Return on Equity	46,95 %	−72,38 %	26,54 %	−80,68 %
Debt-to-Equity Ratio	0,2	0,37	0,22	0,29
Operating Profit Margin	34,5 %	−46,52 %	21,84 %	−139,15 %
Current Ratio	3,21	2,43	3,84	3,4
Quick Ratio	3,21	2,43	3,84	3,4
Equity Ratio	0,62	0,53	0,64	0,61
Gross Profit Margin	99,57 %	84,6 %	100 %	100 %