SEABED SEPARATION AS

3942 PORSGRUNN

Finances

Share Ownership

Return on Equity

249,5 %

Current Ratio

2,06

Debt-to-Equity Ratio

−1,15

Key figures (NOK)	2022	2021	2020	2019
Revenue	119 000	0	610 000	2 526 000
Net Income	−8 680 000	−5 934 000	−2 829 000	−1 028 000
Total Assets	1 013 000	7 651 000	9 823 000	8 878 000
Total Equity	−3 479 000	2 685 000	8 619 000	7 447 000

Income (NOK)	2022	2021	2020	2019
Revenue	119 000	0	610 000	2 526 000
Expenditure	8 553 000	5 662 000	3 449 000	3 556 000
Operating Profit	−8 434 000	−5 662 000	−2 839 000	−1 030 000
Financial Income	21 000	0	11 000	2 000
Financial Costs	267 000	273 000	1 000	0
Financial Balance	−246 000	−273 000	10 000	2 000
Earnings Before Tax	−8 680 000	−5 934 000	−2 829 000	−1 028 000
Tax	0	0	0	0
Net Income	−8 680 000	−5 934 000	−2 829 000	−1 028 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	0	5 189 000	4 640 000	2 559 000
Total Current Assets	1 013 000	2 463 000	5 183 000	6 319 000
Total Assets	1 013 000	7 651 000	9 823 000	8 878 000
Total Retained Equity	−3 707 000	0	444 000	3 273 000
Total Equity	−3 479 000	2 685 000	8 619 000	7 447 000
Total Long-Term Debt	4 000 000	4 000 000	0	0
Total Current Debt	492 000	966 000	1 203 000	1 431 000
Total Equity and Debt	1 013 000	7 651 000	9 823 000	8 878 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	119 000	0	610 000	2 345 000
Other Income	0	0	0	181 000
Revenue	119 000	0	610 000	2 526 000
Cost of Goods Sold	0	0	0	0
Salary Costs	2 108 000	3 715 000	1 477 000	1 169 000
Depreciation	93 000	62 000	28 000	2 000
Impairment	5 096 000	0	50 000	0
Expenditure	8 553 000	5 662 000	3 449 000	3 556 000
Operating Profit	−8 434 000	−5 662 000	−2 839 000	−1 030 000
Financial Income	21 000	0	11 000	2 000
Financial Costs	267 000	273 000	1 000	0
Financial Balance	−246 000	−273 000	10 000	2 000
Dividends	0	0	0	0
Net Income	−8 680 000	−5 934 000	−2 829 000	−1 028 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	0	5 189 000	4 640 000	2 559 000
Real Eastate	0	0	0	0
Machinery and Plant Facilities	0	0	0	0
Fixtures	0	0	0	0
Total Tangible Assets	0	0	0	0
Total Fiancial Fixed Assets	0	0	0	0
Total Fixed Assets	0	5 189 000	4 640 000	2 559 000
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	808 000	2 369 000	4 363 000	4 455 000
Total Current Assets	1 013 000	2 463 000	5 183 000	6 319 000
Total Assets	1 013 000	7 651 000	9 823 000	8 878 000
Total Equity	−3 479 000	2 685 000	8 619 000	7 447 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	4 000 000	4 000 000	0	0
Creditors	31 000	142 000	289 000	702 000
Unpaid Taxes	88 000	247 000	217 000	306 000
Dividends	0	0	0	0
Other Current Debt	373 000	577 000	697 000	423 000
Total Current Debt	492 000	966 000	1 203 000	1 431 000
Total Equity and Debt	1 013 000	7 651 000	9 823 000	8 878 000

Financial indicators	2022	2021	2020	2019
Return on Equity	249,5 %	−221,01 %	−32,82 %	−13,8 %
Debt-to-Equity Ratio	−1,15	1,49	0	0
Operating Profit Margin	−7 087,39 %	-	−465,41 %	−40,78 %
Current Ratio	2,06	2,55	4,31	4,42
Quick Ratio	2,06	2,55	4,31	4,42
Equity Ratio	−3,43	0,35	0,88	0,84
Gross Profit Margin	100 %	-	100 %	100 %