REACH SUBSEA AS

5525 HAUGESUND

Finances

Return on Equity

28,6 %

Current Ratio

0,77

Debt-to-Equity Ratio

0,07

Key figures (NOK)	2022	2021	2020	2019
Revenue	824 316 000	619 797 000	605 904 000	511 676 000
Net Income	66 731 000	58 401 000	28 583 000	−22 556 000
Total Assets	728 656 000	408 105 000	330 893 000	308 427 000
Total Equity	233 297 000	157 703 000	164 971 000	−19 320 000

Income (NOK)	2022	2021	2020	2019
Revenue	824 316 000	619 797 000	605 904 000	511 676 000
Expenditure	737 989 000	544 633 000	565 099 000	520 211 000
Operating Profit	86 328 000	75 164 000	40 805 000	−8 535 000
Financial Income	22 066 000	7 073 000	12 240 000	5 274 000
Financial Costs	22 349 000	7 245 000	19 649 000	21 039 000
Financial Balance	−283 000	−172 000	−7 409 000	−15 765 000
Earnings Before Tax	86 045 000	74 992 000	33 397 000	−24 301 000
Tax	19 314 000	16 590 000	4 814 000	−1 745 000
Net Income	66 731 000	58 401 000	28 583 000	−22 556 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	359 862 000	109 734 000	100 901 000	137 443 000
Total Current Assets	368 793 000	298 371 000	229 992 000	170 984 000
Total Assets	728 656 000	408 105 000	330 893 000	308 427 000
Total Retained Equity	17 167 000	0	0	−20 140 000
Total Equity	233 297 000	157 703 000	164 971 000	−19 320 000
Total Long-Term Debt	15 213 000	12 735 000	25 654 000	41 238 000
Total Current Debt	480 146 000	237 668 000	140 268 000	286 509 000
Total Equity and Debt	728 656 000	408 105 000	330 893 000	308 427 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	824 316 000	619 797 000	605 478 000	511 482 000
Other Income	0	0	426 000	194 000
Revenue	824 316 000	619 797 000	605 904 000	511 676 000
Cost of Goods Sold	477 502 000	342 488 000	353 034 000	350 342 000
Salary Costs	119 641 000	98 915 000	95 568 000	77 787 000
Depreciation	27 047 000	23 870 000	33 584 000	32 618 000
Impairment	0	0	6 426 000	0
Expenditure	737 989 000	544 633 000	565 099 000	520 211 000
Operating Profit	86 328 000	75 164 000	40 805 000	−8 535 000
Financial Income	22 066 000	7 073 000	12 240 000	5 274 000
Financial Costs	22 349 000	7 245 000	19 649 000	21 039 000
Financial Balance	−283 000	−172 000	−7 409 000	−15 765 000
Dividends	0	0	0	0
Net Income	66 731 000	58 401 000	28 583 000	−22 556 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	4 418 000	1 834 000	0	0
Real Eastate	0	0	0	0
Machinery and Plant Facilities	182 840 000	27 816 000	75 418 000	108 623 000
Fixtures	0	167 000	1 151 000	5 975 000
Total Tangible Assets	182 840 000	27 983 000	76 569 000	114 599 000
Total Fiancial Fixed Assets	172 604 000	79 917 000	24 332 000	22 845 000
Total Fixed Assets	359 862 000	109 734 000	100 901 000	137 443 000
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	124 783 000	102 371 000	97 700 000	36 689 000
Total Current Assets	368 793 000	298 371 000	229 992 000	170 984 000
Total Assets	728 656 000	408 105 000	330 893 000	308 427 000
Total Equity	233 297 000	157 703 000	164 971 000	−19 320 000
Short-Term Group Debt	63 779 000	33 368 000	24 199 000	0
Total Long-Term Debt	15 213 000	12 735 000	25 654 000	41 238 000
Creditors	73 262 000	55 321 000	51 883 000	53 883 000
Unpaid Taxes	6 992 000	6 363 000	6 072 000	4 592 000
Dividends	0	0	0	0
Other Current Debt	82 644 000	142 616 000	58 114 000	37 135 000
Total Current Debt	480 146 000	237 668 000	140 268 000	286 509 000
Total Equity and Debt	728 656 000	408 105 000	330 893 000	308 427 000

Financial indicators	2022	2021	2020	2019
Return on Equity	28,6 %	37,03 %	17,33 %	116,75 %
Debt-to-Equity Ratio	0,07	0,08	0,16	−2,13
Operating Profit Margin	10,47 %	12,13 %	6,73 %	−1,67 %
Current Ratio	0,77	1,26	1,64	0,6
Quick Ratio	0,77	1,26	1,64	0,6
Equity Ratio	0,32	0,39	0,5	−0,06
Gross Profit Margin	42,07 %	44,74 %	41,73 %	31,53 %