REACH SUBSEA ASA financials
REACH SUBSEA ASA
5967007LIEEXZXK7FS45 | Line item | 2024 | 2023 |
|---|---|---|
| Income statement | ||
| Operating expenses | NOK 2.35B | NOK 1.66B |
| Employee benefits expense | NOK 499.3M | NOK 348.8M |
| Depreciation & amortisation | NOK 806.1M | NOK 623.0M |
| Operating profit (EBIT) | NOK 363.8M | NOK 331.8M |
| Net finance income / (cost) | -NOK 147.5M | -NOK 59.0M |
| Profit before tax | NOK 230.0M | NOK 289.5M |
| Income tax expense | NOK 24.6M | NOK 63.7M |
| Profit for the year | NOK 205.4M | NOK 225.8M |
| Total comprehensive income | NOK 205.9M | NOK 224.7M |
| Per share | ||
| Basic EPS | NOK 0.78 | NOK 0.89 |
| Diluted EPS | NOK 0.68 | NOK 0.88 |
| Free cash flow / share | NOK 2.00 | NOK 2.92 |
| Cash flow statement | ||
| Net cash from operating activities | NOK 867.5M | NOK 952.7M |
| Net cash from investing activities | -NOK 297.1M | -NOK 208.4M |
| Purchase of PP&E (capex) | NOK 262.8M | NOK 202.7M |
| Net cash from financing activities | -NOK 746.7M | -NOK 487.8M |
| Dividends paid | NOK 97.8M | NOK 46.0M |
| Proceeds from borrowings | NOK 55.0M | NOK 27.5M |
| Lease liability payments | NOK 614.3M | NOK 496.1M |
| Balance sheet | ||
| Total assets | NOK 3.25B | NOK 2.69B |
| Non-current assets | NOK 2.23B | NOK 1.87B |
| Property, plant & equipment | NOK 298.6M | NOK 183.3M |
| Right-of-use assets | NOK 1.27B | NOK 1.16B |
| Intangible assets & goodwill | NOK 109.6M | NOK 109.6M |
| Current assets | NOK 1.01B | NOK 820.9M |
| Trade & other receivables | NOK 651.1M | NOK 314.2M |
| Cash & equivalents | NOK 278.0M | NOK 436.4M |
| Total equity | NOK 1.09B | NOK 928.0M |
| Non-current liabilities | NOK 742.8M | NOK 873.9M |
| Long-term borrowings | NOK 121.6M | NOK 57.4M |
| Lease liabilities (non-current) | NOK 621.2M | NOK 805.9M |
| Current liabilities | NOK 1.41B | NOK 886.0M |
| Lease liabilities (current) | NOK 791.1M | NOK 386.0M |
| Deferred tax liabilities | NOK 0 | NOK 10.6M |
| Derived metrics | ||
| Free cash flow | NOK 604.7M | NOK 750.0M |
| Operating margin | 13.4% | 16.9% |
| Net margin | 7.6% | 11.5% |
| Return on equity | 18.8% | 24.3% |
| Cash conversion ratio | 4.22× | 4.22× |
| Capex coverage | 3.30× | 4.70× |
| Other reported items | ||
| Adjustments For Decrease Increase In Trade Account Receivable | -NOK 336.9M | -NOK 12.5M |
| Adjustments For Depreciation and Amortisation Expense | NOK 806.1M | NOK 623.0M |
| Adjustments For Increase Decrease In Trade Account Payable | NOK 6.7M | NOK 27.0M |
| Adjustments For Interest Expense | NOK 122.2M | NOK 77.9M |
| Adjustments For Interest Income | NOK 7.6M | NOK 5.0M |
| Adjustments For Losses Gains On Disposal of Noncurrent Assets | NOK 0 | -NOK 29.8M |
| Adjustments For Provisions | NOK 90.3M | NOK 5.3M |
| Adjustments For Sharebased Payments | NOK 21.1M | NOK 2.9M |
| Adjustments For Undistributed Profits of Investments Accounted For Using Equity Method | -NOK 13.8M | -NOK 16.7M |
| Construction In Progress | NOK 369.5M | NOK 266.7M |
| Current Borrowings and Current Portion of Noncurrent Borrowings | NOK 23.0M | NOK 10.2M |
| Current Fuel | NOK 18.8M | NOK 28.4M |
| Current Payables On Social Security and Taxes Other Than Income Tax | NOK 34.0M | NOK 36.8M |
| Current Tax Liabilities Current | NOK 53.0M | NOK 41.0M |
| Deferred Tax Assets | NOK 34.9M | NOK 0 |
| Dividends Proposed Or Declared Before Financial Statements Authorised For Issue But Not Recognised As Distribution To Owners Per Share | NOK 0.42 | — |
| Dividends Recognised As Distributions To Owners Per Share | NOK 0.42 | — |
| Effect of Exchange Rate Changes On Cash and Cash Equivalents | NOK 17.9M | -NOK 11.7M |
| Equity and Liabilities | NOK 3.25B | NOK 2.69B |
| Income Taxes Paid Refund Classified As Operating Activities | -NOK 50.8M | -NOK 8.8M |
| Increase Decrease In Cash and Cash Equivalents | -NOK 176.3M | NOK 256.6M |
| Increase Decrease Through Sharebased Payment Transactions | NOK 21.1M | NOK 2.9M |
| Intangible Assets Other Than Goodwill | NOK 25.2M | NOK 30.8M |
| Interest Expense | NOK 122.2M | NOK 77.9M |
| Interest Paid Classified As Financing Activities | NOK 1.8M | -NOK 2.0M |
| Investments In Associates Accounted For Using Equity Method | NOK 127.2M | NOK 113.5M |
| Issue of Equity | NOK 34.7M | NOK 167.0M |
| Issued Capital | NOK 282.7M | NOK 271.8M |
| Miscellaneous Other Operating Expense | NOK 291.9M | NOK 188.6M |
| Other Comprehensive Income | NOK 445.0K | -NOK 1.1M |
| Other Comprehensive Income Net of Tax Exchange Differences On Translation | NOK 445.0K | -NOK 1.1M |
| Other Current Liabilities | NOK 269.0M | NOK 206.2M |
| Other Current Receivables | NOK 65.2M | NOK 41.9M |
| Other Equity Interest | NOK 259.6M | NOK 170.1M |
| Other Finance Income Cost | -NOK 32.9M | NOK 13.9M |
| Other Gains Losses | NOK 678.0K | NOK 29.3M |
| Proceeds From Issue of Ordinary Shares | NOK 34.7M | NOK 123.0M |
| Proceeds From Sales of Property Plant and Equipment Classified As Investing Activities | NOK 0 | NOK 31.4M |
| Purchase of Interests In Associates | NOK 0 | NOK 64.7M |
| Revenue From Contracts With Customers | NOK 2.72B | NOK 1.97B |
| Revenue From Interest | NOK 7.6M | NOK 5.0M |
| Share of Profit Loss of Associates and Joint Ventures Accounted For Using Equity Method | NOK 13.8M | NOK 16.7M |
| Share Premium | NOK 412.1M | NOK 388.3M |
| Trade and Other Current Payables To Trade Suppliers | NOK 243.0M | NOK 205.8M |
Every line item above is a fact tagged in REACH SUBSEA ASA'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.