PILARIS SUBSEA AS

7046 TRONDHEIM

Finances

Return on Equity

47,48 %

Current Ratio

36,44

Debt-to-Equity Ratio

Key figures (NOK)	2022	2021	2020	2019
Revenue	0	572 000	2 426 000	2 834 000
Net Income	651 000	−995 000	309 000	−62 000
Total Assets	1 388 000	938 000	2 164 000	2 270 000
Total Equity	1 371 000	720 000	1 715 000	1 407 000

Income (NOK)	2022	2021	2020	2019
Revenue	0	572 000	2 426 000	2 834 000
Expenditure	66 000	729 000	2 159 000	2 901 000
Operating Profit	−67 000	−158 000	268 000	−67 000
Financial Income	877 000	48 000	187 000	0
Financial Costs	29 000	923 000	88 000	14 000
Financial Balance	848 000	−875 000	99 000	−14 000
Earnings Before Tax	781 000	−1 034 000	367 000	−80 000
Tax	129 000	−38 000	58 000	−18 000
Net Income	651 000	−995 000	309 000	−62 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	805 000	129 000	896 000	1 234 000
Total Current Assets	583 000	809 000	1 268 000	1 036 000
Total Assets	1 388 000	938 000	2 164 000	2 270 000
Total Retained Equity	1 271 000	620 000	1 615 000	1 307 000
Total Equity	1 371 000	720 000	1 715 000	1 407 000
Total Long-Term Debt	0	0	0	0
Total Current Debt	16 000	218 000	449 000	864 000
Total Equity and Debt	1 388 000	938 000	2 164 000	2 270 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	0	572 000	2 426 000	2 834 000
Other Income	0	0	0	0
Revenue	0	572 000	2 426 000	2 834 000
Cost of Goods Sold	0	0	0	0
Salary Costs	3 000	568 000	1 819 000	2 251 000
Depreciation	0	0	0	0
Impairment	0	0	0	0
Expenditure	66 000	729 000	2 159 000	2 901 000
Operating Profit	−67 000	−158 000	268 000	−67 000
Financial Income	877 000	48 000	187 000	0
Financial Costs	29 000	923 000	88 000	14 000
Financial Balance	848 000	−875 000	99 000	−14 000
Dividends	0	0	0	200 000
Net Income	651 000	−995 000	309 000	−62 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	0	129 000	91 000	149 000
Real Eastate	0	0	0	0
Machinery and Plant Facilities	0	0	0	0
Fixtures	0	0	0	0
Total Tangible Assets	0	0	0	0
Total Fiancial Fixed Assets	805 000	0	805 000	1 085 000
Total Fixed Assets	805 000	129 000	896 000	1 234 000
Stock	0	0	0	0
Total Investments	344 000	589 000	821 000	0
Cash, Bank	139 000	27 000	228 000	418 000
Total Current Assets	583 000	809 000	1 268 000	1 036 000
Total Assets	1 388 000	938 000	2 164 000	2 270 000
Total Equity	1 371 000	720 000	1 715 000	1 407 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	0	0	0	0
Creditors	6 000	19 000	4 000	0
Unpaid Taxes	0	0	206 000	461 000
Dividends	0	0	0	200 000
Other Current Debt	11 000	199 000	239 000	203 000
Total Current Debt	16 000	218 000	449 000	864 000
Total Equity and Debt	1 388 000	938 000	2 164 000	2 270 000

Financial indicators	2022	2021	2020	2019
Return on Equity	47,48 %	−138,19 %	18,02 %	−4,41 %
Debt-to-Equity Ratio	0	0	0	0
Operating Profit Margin	-	−27,62 %	11,05 %	−2,36 %
Current Ratio	36,44	3,71	2,82	1,2
Quick Ratio	36,44	3,71	2,82	1,2
Equity Ratio	0,99	0,77	0,79	0,62
Gross Profit Margin	-	100 %	100 %	100 %