ECOSUBSEA AS

5384 TORANGSVÅG

Finances

Share Ownership

Return on Equity

38,9 %

Current Ratio

0,19

Debt-to-Equity Ratio

−0,29

Key figures (NOK)	2022	2021	2020	2019
Revenue	29 098 000	13 524 000	11 110 000	15 295 000
Net Income	−10 366 000	−15 620 000	−13 947 000	−12 737 000
Total Assets	38 429 000	36 464 000	35 993 000	40 058 000
Total Equity	−26 647 000	−16 280 000	−660 000	13 287 000

Income (NOK)	2022	2021	2020	2019
Revenue	29 098 000	13 524 000	11 110 000	15 295 000
Expenditure	36 387 000	26 555 000	23 843 000	27 153 000
Operating Profit	−7 288 000	−13 032 000	−12 733 000	−11 857 000
Financial Income	1 244 000	282 000	805 000	660 000
Financial Costs	4 323 000	2 871 000	2 019 000	1 540 000
Financial Balance	−3 079 000	−2 589 000	−1 214 000	−880 000
Earnings Before Tax	−10 366 000	−15 620 000	−13 947 000	−12 737 000
Tax	0	0	0	0
Net Income	−10 366 000	−15 620 000	−13 947 000	−12 737 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	27 574 000	29 933 000	31 097 000	34 204 000
Total Current Assets	10 855 000	6 532 000	4 896 000	5 854 000
Total Assets	38 429 000	36 464 000	35 993 000	40 058 000
Total Retained Equity	−26 931 000	−16 565 000	−944 000	0
Total Equity	−26 647 000	−16 280 000	−660 000	13 287 000
Total Long-Term Debt	7 717 000	13 096 000	10 978 000	11 878 000
Total Current Debt	57 358 000	39 648 000	25 675 000	14 893 000
Total Equity and Debt	38 429 000	36 464 000	35 993 000	40 058 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	28 298 000	11 487 000	9 862 000	15 045 000
Other Income	800 000	2 037 000	1 248 000	251 000
Revenue	29 098 000	13 524 000	11 110 000	15 295 000
Cost of Goods Sold	19 413 000	12 284 000	12 032 000	13 096 000
Salary Costs	8 083 000	5 774 000	4 202 000	5 333 000
Depreciation	3 645 000	3 396 000	3 622 000	4 152 000
Impairment	0	0	0	0
Expenditure	36 387 000	26 555 000	23 843 000	27 153 000
Operating Profit	−7 288 000	−13 032 000	−12 733 000	−11 857 000
Financial Income	1 244 000	282 000	805 000	660 000
Financial Costs	4 323 000	2 871 000	2 019 000	1 540 000
Financial Balance	−3 079 000	−2 589 000	−1 214 000	−880 000
Dividends	0	0	0	0
Net Income	−10 366 000	−15 620 000	−13 947 000	−12 737 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	7 260 000	7 919 000	8 666 000	9 390 000
Real Eastate	0	0	0	0
Machinery and Plant Facilities	16 251 000	18 658 000	17 125 000	17 648 000
Fixtures	2 478 000	2 369 000	2 317 000	2 699 000
Total Tangible Assets	18 729 000	21 027 000	19 441 000	20 347 000
Total Fiancial Fixed Assets	1 586 000	987 000	2 989 000	4 468 000
Total Fixed Assets	27 574 000	29 933 000	31 097 000	34 204 000
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	5 425 000	2 745 000	2 309 000	1 246 000
Total Current Assets	10 855 000	6 532 000	4 896 000	5 854 000
Total Assets	38 429 000	36 464 000	35 993 000	40 058 000
Total Equity	−26 647 000	−16 280 000	−660 000	13 287 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	7 717 000	13 096 000	10 978 000	11 878 000
Creditors	1 809 000	3 361 000	1 908 000	1 086 000
Unpaid Taxes	748 000	263 000	660 000	433 000
Dividends	0	0	0	0
Other Current Debt	4 784 000	4 508 000	4 572 000	5 341 000
Total Current Debt	57 358 000	39 648 000	25 675 000	14 893 000
Total Equity and Debt	38 429 000	36 464 000	35 993 000	40 058 000

Financial indicators	2022	2021	2020	2019
Return on Equity	38,9 %	95,95 %	2 113,18 %	−95,86 %
Debt-to-Equity Ratio	−0,29	−0,8	−16,63	0,89
Operating Profit Margin	−25,05 %	−96,36 %	−114,61 %	−77,52 %
Current Ratio	0,19	0,16	0,19	0,39
Quick Ratio	0,19	0,16	0,19	0,39
Equity Ratio	−0,69	−0,45	−0,02	0,33
Gross Profit Margin	33,28 %	9,17 %	−8,3 %	14,38 %