SUBSEA COMPETENCE GROUP AS

5063 BERGEN

Finances

Return on Equity

24,84 %

Current Ratio

1,62

Debt-to-Equity Ratio

Key figures (NOK)	2022	2021	2020	2019
Revenue	1 495 000	1 646 000	651 000	1 745 000
Net Income	356 000	971 000	−27 000	518 000
Total Assets	3 313 000	2 975 000	2 274 000	2 372 000
Total Equity	1 433 000	2 757 000	1 786 000	1 956 000

Income (NOK)	2022	2021	2020	2019
Revenue	1 495 000	1 646 000	651 000	1 745 000
Expenditure	1 005 000	967 000	708 000	1 150 000
Operating Profit	489 000	678 000	−58 000	596 000
Financial Income	12 000	5 000	31 000	59 000
Financial Costs	0	0	0	0
Financial Balance	12 000	5 000	31 000	59 000
Earnings Before Tax	501 000	683 000	−27 000	654 000
Tax	145 000	−288 000	0	136 000
Net Income	356 000	971 000	−27 000	518 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	266 000	280 000	96 000	0
Total Current Assets	3 047 000	2 695 000	2 178 000	2 372 000
Total Assets	3 313 000	2 975 000	2 274 000	2 372 000
Total Retained Equity	1 333 000	2 657 000	1 686 000	1 856 000
Total Equity	1 433 000	2 757 000	1 786 000	1 956 000
Total Long-Term Debt	0	0	0	0
Total Current Debt	1 880 000	218 000	487 000	416 000
Total Equity and Debt	3 313 000	2 975 000	2 274 000	2 372 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	1 495 000	1 646 000	651 000	1 745 000
Other Income	0	0	0	0
Revenue	1 495 000	1 646 000	651 000	1 745 000
Cost of Goods Sold	0	0	0	0
Salary Costs	943 000	877 000	654 000	1 062 000
Depreciation	14 000	8 000	0	0
Impairment	0	0	0	0
Expenditure	1 005 000	967 000	708 000	1 150 000
Operating Profit	489 000	678 000	−58 000	596 000
Financial Income	12 000	5 000	31 000	59 000
Financial Costs	0	0	0	0
Financial Balance	12 000	5 000	31 000	59 000
Dividends	1 680 000	0	0	0
Net Income	356 000	971 000	−27 000	518 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	0	0	0	0
Real Eastate	0	0	0	0
Machinery and Plant Facilities	0	0	0	0
Fixtures	20 000	34 000	0	0
Total Tangible Assets	20 000	34 000	0	0
Total Fiancial Fixed Assets	246 000	246 000	96 000	0
Total Fixed Assets	266 000	280 000	96 000	0
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	2 840 000	2 445 000	2 017 000	2 109 000
Total Current Assets	3 047 000	2 695 000	2 178 000	2 372 000
Total Assets	3 313 000	2 975 000	2 274 000	2 372 000
Total Equity	1 433 000	2 757 000	1 786 000	1 956 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	0	0	0	0
Creditors	8 000	7 000	7 000	7 000
Unpaid Taxes	80 000	124 000	118 000	168 000
Dividends	1 680 000	0	0	0
Other Current Debt	111 000	88 000	75 000	106 000
Total Current Debt	1 880 000	218 000	487 000	416 000
Total Equity and Debt	3 313 000	2 975 000	2 274 000	2 372 000

Financial indicators	2022	2021	2020	2019
Return on Equity	24,84 %	35,22 %	−1,51 %	26,48 %
Debt-to-Equity Ratio	0	0	0	0
Operating Profit Margin	32,71 %	41,19 %	−8,91 %	34,15 %
Current Ratio	1,62	12,36	4,47	5,7
Quick Ratio	1,62	12,36	4,47	5,7
Equity Ratio	0,43	0,93	0,79	0,82
Gross Profit Margin	100 %	100 %	100 %	100 %