DOF SUBSEA AS financials

DOF SUBSEA AS

Country: NO Reporting currency: NOK Latest annual report: 2021-12-31

LEI: 5967007LIEEXZXJV3C04

Financial statements (NOK, as reported — unscaled; 76 line items across 2 annual periods)

Line item	2021	2020
Income statement
Revenue	NOK 4.30B	NOK 3.98B
Employee benefits expense	NOK 1.40B	NOK 1.37B
Operating profit (EBIT)	NOK 541.0M	-NOK 1.26B
Net finance income / (cost)	-NOK 413.0M	-NOK 852.0M
Finance costs	NOK 618.0M	NOK 690.0M
Profit before tax	NOK 128.0M	-NOK 2.11B
Income tax expense	NOK 46.0M	NOK 126.0M
Profit for the year	NOK 82.0M	-NOK 2.24B
— attributable to owners	NOK 92.0M	-NOK 2.19B
— attributable to NCI	-NOK 10.0M	-NOK 50.0M
Total comprehensive income	NOK 161.0M	-NOK 2.26B
Cash flow statement
Cash generated from operations	NOK 814.0M	NOK 1.21B
Net cash from operating activities	NOK 704.0M	NOK 881.0M
Income taxes paid	NOK 57.0M	NOK 77.0M
Net cash from investing activities	-NOK 152.0M	NOK 112.0M
Purchase of PP&E (capex)	NOK 436.0M	NOK 146.0M
Purchase of intangibles	NOK 102.0M	NOK 45.0M
Net cash from financing activities	-NOK 715.0M	-NOK 205.0M
Balance sheet
Total assets	NOK 12.81B	NOK 12.81B
Non-current assets	NOK 10.15B	NOK 10.34B
Property, plant & equipment	NOK 7.23B	NOK 7.70B
Current assets	NOK 2.66B	NOK 2.46B
Trade & other receivables	NOK 975.0M	NOK 628.0M
Cash & equivalents	NOK 1.18B	NOK 1.33B
Total equity	NOK 2.59B	NOK 2.43B
Non-controlling interests	NOK 99.0M	NOK 109.0M
Non-current liabilities	NOK 234.0M	NOK 331.0M
Lease liabilities (non-current)	NOK 196.0M	NOK 272.0M
Current liabilities	NOK 9.98B	NOK 10.04B
Derived metrics
Free cash flow	NOK 268.0M	NOK 735.0M
Operating margin	12.6%	-31.6%
Net margin	1.9%	-56.1%
Return on equity	3.2%	-91.9%
Cash conversion ratio	8.59×	-0.39×
Capex coverage	1.61×	6.03×
Other reported items
Adjustments For Decrease Increase In Trade Account Receivable	-NOK 347.0M	-NOK 10.0M
Adjustments For Depreciation and Amortisation Expense and Impairment Loss Reversal of Impairment Loss Recognised In Profit Or Loss	NOK 837.0M	NOK 2.92B
Adjustments For Increase Decrease In Trade Account Payable	NOK 111.0M	NOK 40.0M
Adjustments For Losses Gains On Disposal of Noncurrent Assets	-NOK 78.0M	NOK 3.0M
Adjustments For Undistributed Profits of Investments Accounted For Using Equity Method	NOK 296.0M	NOK 573.0M
Adjustments For Unrealised Foreign Exchange Losses Gains	NOK 9.0M	NOK 30.0M
Basic and Diluted Earnings Loss Per Share	NOK 0.55	NOK -13.07
Comprehensive Income Attributable To Noncontrolling Interests	-NOK 10.0M	-NOK 50.0M
Comprehensive Income Attributable To Owners of Parent	NOK 171.0M	-NOK 2.21B
Current Borrowings and Current Portion of Noncurrent Borrowings	NOK 9.10B	NOK 9.26B
Current Restricted Cash and Cash Equivalents	NOK 116.0M	NOK 118.0M
Deferred Tax Assets	NOK 9.0M	NOK 9.0M
Depreciation Amortisation and Impairment Loss Reversal of Impairment Loss Recognised In Profit Or Loss	NOK 837.0M	NOK 2.92B
Effect of Exchange Rate Changes On Cash and Cash Equivalents	NOK 16.0M	-NOK 392.0M
Equity and Liabilities	NOK 12.81B	NOK 12.81B
Finance Costs Paid Classified As Operating Activities	NOK 89.0M	NOK 290.0M
Finance Income	NOK 339.0M	NOK 58.0M
Gains Losses On Disposals of Noncurrent Assets	NOK 78.0M	NOK 3.0M
Increase Decrease In Cash and Cash Equivalents	-NOK 163.0M	NOK 788.0M
Increase Decrease Through Changes In Ownership Interests In Subsidiaries That Do Not Result In Loss of Control	—	-NOK 6.0M
Increase Decrease Through Transfers and Other Changes Equity	—	NOK 0
Interest Received Classified As Operating Activities	NOK 36.0M	NOK 35.0M
Investment Accounted For Using Equity Method	NOK 2.80B	NOK 2.39B
Liabilities	NOK 10.22B	NOK 10.37B
Noncurrent Assets Or Disposal Groups Classified As Held For Sale	NOK 0	NOK 20.0M
Noncurrent Portion of Noncurrent Bonds Issued	NOK 0	NOK 0
Noncurrent Portion of Noncurrent Loans Received	NOK 0	NOK 0
Other Comprehensive Income	NOK 79.0M	-NOK 22.0M
Other Comprehensive Income Net of Tax Exchange Differences On Translation	-NOK 36.0M	NOK 25.0M
Other Current Liabilities	NOK 385.0M	NOK 400.0M
Other Current Receivables	NOK 503.0M	NOK 485.0M
Other Expense By Nature	NOK 1.91B	NOK 1.53B
Other Noncurrent Assets	NOK 114.0M	NOK 246.0M
Other Noncurrent Liabilities	NOK 38.0M	NOK 59.0M
Proceeds From Noncurrent Borrowings	NOK 7.0M	NOK 230.0M
Proceeds From Sales of Property Plant and Equipment Classified As Investing Activities	NOK 95.0M	NOK 3.0M
Repayments of Noncurrent Borrowings	NOK 722.0M	NOK 435.0M
Restricted Cash and Cash Equivalents	NOK 116.0M	NOK 118.0M
Share of Other Comprehensive Income of Associates and Joint Ventures Accounted For Using Equity Method That Will Be Reclassified To Profit Or Loss Net of Tax	NOK 115.0M	-NOK 47.0M
Share of Profit Loss of Associates and Joint Ventures Accounted For Using Equity Method	NOK 296.0M	NOK 573.0M
Trade and Other Current Payables To Trade Suppliers	NOK 496.0M	NOK 385.0M

Methodology

Every line item above is a fact tagged in DOF SUBSEA AS's annual report filed in the European Single Electronic Format (ESEF) under the IFRS taxonomy (ifrs-full) — the income statement, balance sheet and cash-flow statement as the filer reported them. Values are shown as-is, in the reporting currency (NOK), without rescaling; the row labels map to the underlying concept name (e.g. Revenue → ifrs-full:Revenue, Operating profit → ifrs-full:ProfitLossFromOperatingActivities, Diluted EPS → ifrs-full:DilutedEarningsLossPerShare), and any concept without a curated label is shown under “Other reported items” with its de-camel-cased tag name. Only consolidated, default-member facts are shown (segment / dimensional breakdowns are excluded).

“Derived metrics” (free cash flow, margins, ROE, …) are computed from those facts by the same model the U.S. financials pages use — not tagged by the filer.

Source: machine-readable OIM xBRL-JSON aggregated by filings.xbrl.org (XBRL International). Entity identity is resolved by LEI via the public-domain GLEIF register. This is reference data, not investment advice.