NORBIT SUBSEA AS

7041 TRONDHEIM

Finances

Share Ownership

Return on Equity

143,78 %

Current Ratio

0,74

Debt-to-Equity Ratio

0,15

Key figures (NOK)	2022	2021	2020	2019
Revenue	394 123 000	317 854 000	217 680 000	218 058 000
Net Income	84 198 000	66 241 000	22 989 000	31 869 000
Total Assets	303 309 000	203 287 000	177 720 000	211 231 000
Total Equity	58 559 000	58 673 000	58 826 000	62 022 000

Income (NOK)	2022	2021	2020	2019
Revenue	394 123 000	317 854 000	217 680 000	218 058 000
Expenditure	288 344 000	230 530 000	184 947 000	175 787 000
Operating Profit	105 779 000	87 325 000	32 734 000	42 271 000
Financial Income	18 017 000	8 645 000	20 568 000	10 194 000
Financial Costs	16 104 000	10 895 000	24 416 000	11 603 000
Financial Balance	1 913 000	−2 250 000	−3 848 000	−1 409 000
Earnings Before Tax	107 692 000	85 075 000	28 886 000	40 862 000
Tax	23 494 000	18 834 000	5 897 000	8 992 000
Net Income	84 198 000	66 241 000	22 989 000	31 869 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	128 565 000	98 851 000	87 180 000	54 843 000
Total Current Assets	174 744 000	104 436 000	90 540 000	156 388 000
Total Assets	303 309 000	203 287 000	177 720 000	211 231 000
Total Retained Equity	1 001 000	1 114 000	1 268 000	1 268 000
Total Equity	58 559 000	58 673 000	58 826 000	62 022 000
Total Long-Term Debt	8 575 000	9 800 000	0	533 000
Total Current Debt	236 174 000	134 815 000	118 894 000	148 676 000
Total Equity and Debt	303 309 000	203 287 000	177 720 000	211 231 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	394 123 000	317 854 000	217 680 000	218 058 000
Other Income	0	0	0	0
Revenue	394 123 000	317 854 000	217 680 000	218 058 000
Cost of Goods Sold	176 511 000	161 287 000	131 298 000	127 789 000
Salary Costs	20 306 000	18 534 000	9 850 000	11 347 000
Depreciation	19 789 000	15 242 000	10 964 000	11 957 000
Impairment	0	0	0	0
Expenditure	288 344 000	230 530 000	184 947 000	175 787 000
Operating Profit	105 779 000	87 325 000	32 734 000	42 271 000
Financial Income	18 017 000	8 645 000	20 568 000	10 194 000
Financial Costs	16 104 000	10 895 000	24 416 000	11 603 000
Financial Balance	1 913 000	−2 250 000	−3 848 000	−1 409 000
Dividends	0	0	0	0
Net Income	84 198 000	66 241 000	22 989 000	31 869 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	100 718 000	72 660 000	71 137 000	48 380 000
Real Eastate	878 000	1 328 000	0	0
Machinery and Plant Facilities	0	0	0	0
Fixtures	21 431 000	19 175 000	10 034 000	6 464 000
Total Tangible Assets	22 309 000	20 503 000	10 034 000	6 464 000
Total Fiancial Fixed Assets	5 538 000	5 688 000	6 008 000	0
Total Fixed Assets	128 565 000	98 851 000	87 180 000	54 843 000
Stock	45 311 000	33 634 000	25 687 000	43 386 000
Total Investments	0	0	0	0
Cash, Bank	8 013 000	3 229 000	764 000	523 000
Total Current Assets	174 744 000	104 436 000	90 540 000	156 388 000
Total Assets	303 309 000	203 287 000	177 720 000	211 231 000
Total Equity	58 559 000	58 673 000	58 826 000	62 022 000
Short-Term Group Debt	165 996 000	86 286 000	87 354 000	115 369 000
Total Long-Term Debt	8 575 000	9 800 000	0	533 000
Creditors	50 532 000	39 432 000	24 100 000	25 651 000
Unpaid Taxes	2 166 000	1 363 000	3 206 000	4 049 000
Dividends	0	0	0	0
Other Current Debt	17 481 000	7 733 000	4 235 000	3 608 000
Total Current Debt	236 174 000	134 815 000	118 894 000	148 676 000
Total Equity and Debt	303 309 000	203 287 000	177 720 000	211 231 000

Financial indicators	2022	2021	2020	2019
Return on Equity	143,78 %	112,9 %	39,08 %	51,38 %
Debt-to-Equity Ratio	0,15	0,17	0	0,01
Operating Profit Margin	26,84 %	27,47 %	15,04 %	19,39 %
Current Ratio	0,74	0,77	0,76	1,05
Quick Ratio	0,92	1,03	0,97	1,49
Equity Ratio	0,19	0,29	0,33	0,29
Gross Profit Margin	55,21 %	49,26 %	39,68 %	41,4 %