SIMSEA REAL OPERATIONS AS

5529 HAUGESUND

Finances

Share Ownership

Return on Equity

−58,44 %

Current Ratio

2,91

Debt-to-Equity Ratio

0,71

Key figures (NOK)	2022	2021	2020	2019
Revenue	20 547 000	22 475 000	18 582 000	18 251 000
Net Income	−1 149 000	−371 000	614 000	434 000
Total Assets	4 483 000	6 305 000	6 469 000	6 788 000
Total Equity	1 966 000	3 116 000	3 486 000	2 873 000

Income (NOK)	2022	2021	2020	2019
Revenue	20 547 000	22 475 000	18 582 000	18 251 000
Expenditure	21 671 000	22 793 000	17 973 000	17 797 000
Operating Profit	−1 125 000	−319 000	609 000	455 000
Financial Income	11 000	35 000	23 000	10 000
Financial Costs	36 000	87 000	18 000	31 000
Financial Balance	−25 000	−52 000	5 000	−21 000
Earnings Before Tax	−1 149 000	−371 000	614 000	434 000
Tax	0	0	0	0
Net Income	−1 149 000	−371 000	614 000	434 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	1 234 000	1 306 000	975 000	1 072 000
Total Current Assets	3 249 000	4 999 000	5 493 000	5 716 000
Total Assets	4 483 000	6 305 000	6 469 000	6 788 000
Total Retained Equity	−4 037 000	−2 888 000	−2 517 000	−3 131 000
Total Equity	1 966 000	3 116 000	3 486 000	2 873 000
Total Long-Term Debt	1 400 000	1 400 000	0	0
Total Current Debt	1 117 000	1 789 000	2 982 000	3 915 000
Total Equity and Debt	4 483 000	6 305 000	6 469 000	6 788 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	20 547 000	22 365 000	17 220 000	18 189 000
Other Income	0	110 000	1 362 000	63 000
Revenue	20 547 000	22 475 000	18 582 000	18 251 000
Cost of Goods Sold	1 503 000	1 694 000	1 045 000	1 051 000
Salary Costs	8 788 000	8 589 000	6 116 000	6 024 000
Depreciation	71 000	71 000	51 000	0
Impairment	0	0	0	0
Expenditure	21 671 000	22 793 000	17 973 000	17 797 000
Operating Profit	−1 125 000	−319 000	609 000	455 000
Financial Income	11 000	35 000	23 000	10 000
Financial Costs	36 000	87 000	18 000	31 000
Financial Balance	−25 000	−52 000	5 000	−21 000
Dividends	0	0	0	0
Net Income	−1 149 000	−371 000	614 000	434 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	1 234 000	1 306 000	975 000	1 072 000
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	1 234 000	1 306 000	975 000	1 072 000
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	1 188 000	3 355 000	2 710 000	1 293 000
Total Current Assets	3 249 000	4 999 000	5 493 000	5 716 000
Total Assets	4 483 000	6 305 000	6 469 000	6 788 000
Total Equity	1 966 000	3 116 000	3 486 000	2 873 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	1 400 000	1 400 000	0	0
Creditors	−569 000	230 000	1 727 000	2 633 000
Unpaid Taxes	947 000	555 000	603 000	581 000
Dividends	0	0	0	0
Other Current Debt	739 000	1 004 000	652 000	701 000
Total Current Debt	1 117 000	1 789 000	2 982 000	3 915 000
Total Equity and Debt	4 483 000	6 305 000	6 469 000	6 788 000

Financial indicators	2022	2021	2020	2019
Return on Equity	−58,44 %	−11,91 %	17,61 %	15,11 %
Debt-to-Equity Ratio	0,71	0,45	0	0
Operating Profit Margin	−5,48 %	−1,42 %	3,28 %	2,49 %
Current Ratio	2,91	2,79	1,84	1,46
Quick Ratio	2,91	2,79	1,84	1,46
Equity Ratio	0,44	0,49	0,54	0,42
Gross Profit Margin	92,69 %	92,46 %	94,38 %	94,24 %