SAFE AT SEA AS

5381 GLESVÆR

Finances

Share Ownership

Return on Equity

−53,81 %

Current Ratio

1,24

Debt-to-Equity Ratio

0,57

Key figures (NOK)	2022	2021	2020	2019
Revenue	5 830 000	8 320 000	9 701 000	4 405 000
Net Income	−247 000	408 000	218 000	46 000
Total Assets	1 780 000	3 588 000	2 000 000	1 104 000
Total Equity	459 000	706 000	479 000	81 000

Income (NOK)	2022	2021	2020	2019
Revenue	5 830 000	8 320 000	9 701 000	4 405 000
Expenditure	6 027 000	7 735 000	9 360 000	4 329 000
Operating Profit	−197 000	585 000	340 000	75 000
Financial Income	5 000	10 000	16 000	8 000
Financial Costs	34 000	64 000	44 000	22 000
Financial Balance	−29 000	−54 000	−28 000	−14 000
Earnings Before Tax	−226 000	531 000	311 000	62 000
Tax	21 000	123 000	94 000	16 000
Net Income	−247 000	408 000	218 000	46 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	470 000	1 059 000	333 000	279 000
Total Current Assets	1 310 000	2 529 000	1 667 000	825 000
Total Assets	1 780 000	3 588 000	2 000 000	1 104 000
Total Retained Equity	440 000	687 000	279 000	62 000
Total Equity	459 000	706 000	479 000	81 000
Total Long-Term Debt	262 000	549 000	243 000	243 000
Total Current Debt	1 060 000	2 333 000	1 278 000	779 000
Total Equity and Debt	1 780 000	3 588 000	2 000 000	1 104 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	5 730 000	8 320 000	9 531 000	4 396 000
Other Income	100 000	0	169 000	9 000
Revenue	5 830 000	8 320 000	9 701 000	4 405 000
Cost of Goods Sold	2 093 000	2 375 000	4 527 000	3 095 000
Salary Costs	2 035 000	3 413 000	3 201 000	501 000
Depreciation	132 000	105 000	87 000	80 000
Impairment	0	0	0	0
Expenditure	6 027 000	7 735 000	9 360 000	4 329 000
Operating Profit	−197 000	585 000	340 000	75 000
Financial Income	5 000	10 000	16 000	8 000
Financial Costs	34 000	64 000	44 000	22 000
Financial Balance	−29 000	−54 000	−28 000	−14 000
Dividends	0	0	0	0
Net Income	−247 000	408 000	218 000	46 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	443 000	463 000	0	0
Real Eastate	0	0	0	0
Machinery and Plant Facilities	0	0	0	0
Fixtures	27 000	249 000	185 000	156 000
Total Tangible Assets	27 000	249 000	185 000	156 000
Total Fiancial Fixed Assets	0	347 000	148 000	123 000
Total Fixed Assets	470 000	1 059 000	333 000	279 000
Stock	993 000	1 035 000	95 000	95 000
Total Investments	0	0	0	0
Cash, Bank	47 000	144 000	814 000	273 000
Total Current Assets	1 310 000	2 529 000	1 667 000	825 000
Total Assets	1 780 000	3 588 000	2 000 000	1 104 000
Total Equity	459 000	706 000	479 000	81 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	262 000	549 000	243 000	243 000
Creditors	300 000	851 000	364 000	205 000
Unpaid Taxes	88 000	400 000	398 000	139 000
Dividends	0	0	0	0
Other Current Debt	298 000	672 000	422 000	418 000
Total Current Debt	1 060 000	2 333 000	1 278 000	779 000
Total Equity and Debt	1 780 000	3 588 000	2 000 000	1 104 000

Financial indicators	2022	2021	2020	2019
Return on Equity	−53,81 %	57,79 %	45,51 %	56,79 %
Debt-to-Equity Ratio	0,57	0,78	0,51	3
Operating Profit Margin	−3,38 %	7,03 %	3,5 %	1,7 %
Current Ratio	1,24	1,08	1,3	1,06
Quick Ratio	19,55	1,95	1,41	1,21
Equity Ratio	0,26	0,2	0,24	0,07
Gross Profit Margin	64,1 %	71,45 %	53,33 %	29,74 %