SUBSEA OIL SOLUTIONS AS

3043 DRAMMEN

Finances

Return on Equity

25 %

Current Ratio

0,95

Debt-to-Equity Ratio

Key figures (NOK)	2022	2021	2020	2019
Revenue	2 102 000	2 229 000	2 268 000	2 138 000
Net Income	112 000	−304 000	210 000	−380 000
Total Assets	921 000	1 248 000	1 065 000	835 000
Total Equity	448 000	335 000	639 000	429 000

Income (NOK)	2022	2021	2020	2019
Revenue	2 102 000	2 229 000	2 268 000	2 138 000
Expenditure	1 984 000	2 534 000	2 058 000	2 518 000
Operating Profit	117 000	−304 000	210 000	−380 000
Financial Income	0	0	0	0
Financial Costs	5 000	0	0	1 000
Financial Balance	−5 000	0	0	−1 000
Earnings Before Tax	112 000	−304 000	210 000	−381 000
Tax	0	0	0	0
Net Income	112 000	−304 000	210 000	−380 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	471 000	506 000	133 000	189 000
Total Current Assets	451 000	742 000	933 000	646 000
Total Assets	921 000	1 248 000	1 065 000	835 000
Total Retained Equity	418 000	305 000	609 000	399 000
Total Equity	448 000	335 000	639 000	429 000
Total Long-Term Debt	0	0	0	0
Total Current Debt	474 000	913 000	426 000	406 000
Total Equity and Debt	921 000	1 248 000	1 065 000	835 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	2 102 000	2 229 000	2 268 000	2 138 000
Other Income	0	0	0	0
Revenue	2 102 000	2 229 000	2 268 000	2 138 000
Cost of Goods Sold	4 000	56 000	38 000	128 000
Salary Costs	1 472 000	2 038 000	1 580 000	1 356 000
Depreciation	35 000	27 000	57 000	81 000
Impairment	0	0	0	0
Expenditure	1 984 000	2 534 000	2 058 000	2 518 000
Operating Profit	117 000	−304 000	210 000	−380 000
Financial Income	0	0	0	0
Financial Costs	5 000	0	0	1 000
Financial Balance	−5 000	0	0	−1 000
Dividends	0	0	0	0
Net Income	112 000	−304 000	210 000	−380 000

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	71 000	106 000	133 000	189 000
Total Tangible Assets	71 000	106 000	133 000	189 000
Total Fiancial Fixed Assets	400 000	400 000	0	0
Total Fixed Assets	471 000	506 000	133 000	189 000
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	451 000	742 000	701 000	459 000
Total Current Assets	451 000	742 000	933 000	646 000
Total Assets	921 000	1 248 000	1 065 000	835 000
Total Equity	448 000	335 000	639 000	429 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	0	0	0	0
Creditors	23 000	8 000	13 000	96 000
Unpaid Taxes	166 000	290 000	269 000	177 000
Dividends	0	0	0	0
Other Current Debt	267 000	605 000	145 000	133 000
Total Current Debt	474 000	913 000	426 000	406 000
Total Equity and Debt	921 000	1 248 000	1 065 000	835 000

Financial indicators	2022	2021	2020	2019
Return on Equity	25 %	−90,75 %	32,86 %	−88,58 %
Debt-to-Equity Ratio	0	0	0	0
Operating Profit Margin	5,57 %	−13,64 %	9,26 %	−17,77 %
Current Ratio	0,95	0,81	2,19	1,59
Quick Ratio	0,95	0,81	2,19	1,59
Equity Ratio	0,49	0,27	0,6	0,51
Gross Profit Margin	99,81 %	97,49 %	98,32 %	94,01 %