NORWEGIAN SEAWEED AS

7043 TRONDHEIM

Finances

Share Ownership

Return on Equity

−26,8 %

Current Ratio

2,23

Debt-to-Equity Ratio

Key figures (NOK)	2022	2021	2020	2019
Revenue	500 000	950 000	250 000	200 000
Net Income	−420 000	−185 000	−427 000	−200 000
Total Assets	1 914 000	1 594 000	955 000	268 000
Total Equity	1 567 000	1 359 000	584 000	204 000

Income (NOK)	2022	2021	2020	2019
Revenue	500 000	950 000	250 000	200 000
Expenditure	1 083 000	1 175 000	821 000	456 000
Operating Profit	−583 000	−225 000	−571 000	−256 000
Financial Income	1 000	0	1 000	0
Financial Costs	0	0	0	0
Financial Balance	1 000	0	1 000	0
Earnings Before Tax	−582 000	−225 000	−570 000	−256 000
Tax	−162 000	−40 000	−143 000	−56 000
Net Income	−420 000	−185 000	−427 000	−200 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	1 139 000	728 000	625 000	0
Total Current Assets	775 000	866 000	330 000	268 000
Total Assets	1 914 000	1 594 000	955 000	268 000
Total Retained Equity	−1 242 000	−812 000	−627 000	−200 000
Total Equity	1 567 000	1 359 000	584 000	204 000
Total Long-Term Debt	0	0	231 000	0
Total Current Debt	347 000	235 000	141 000	64 000
Total Equity and Debt	1 914 000	1 594 000	955 000	268 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	0	0	0	0
Other Income	500 000	950 000	250 000	200 000
Revenue	500 000	950 000	250 000	200 000
Cost of Goods Sold	0	0	0	0
Salary Costs	722 000	749 000	707 000	121 000
Depreciation	0	0	0	0
Impairment	0	300 000	0	0
Expenditure	1 083 000	1 175 000	821 000	456 000
Operating Profit	−583 000	−225 000	−571 000	−256 000
Financial Income	1 000	0	1 000	0
Financial Costs	0	0	0	0
Financial Balance	1 000	0	1 000	0
Dividends	0	0	0	0
Net Income	−420 000	−185 000	−427 000	−200 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	1 139 000	728 000	625 000	0
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	1 139 000	728 000	625 000	0
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	273 000	245 000	99 000	188 000
Total Current Assets	775 000	866 000	330 000	268 000
Total Assets	1 914 000	1 594 000	955 000	268 000
Total Equity	1 567 000	1 359 000	584 000	204 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	0	0	231 000	0
Creditors	4 000	12 000	0	0
Unpaid Taxes	32 000	56 000	10 000	50 000
Dividends	0	0	0	0
Other Current Debt	311 000	168 000	130 000	14 000
Total Current Debt	347 000	235 000	141 000	64 000
Total Equity and Debt	1 914 000	1 594 000	955 000	268 000

Financial indicators	2022	2021	2020	2019
Return on Equity	−26,8 %	−13,61 %	−73,12 %	−98,04 %
Debt-to-Equity Ratio	0	0	0,4	0
Operating Profit Margin	−116,6 %	−23,68 %	−228,4 %	−128 %
Current Ratio	2,23	3,69	2,34	4,19
Quick Ratio	2,23	3,69	2,34	4,19
Equity Ratio	0,82	0,85	0,61	0,76
Gross Profit Margin	100 %	100 %	100 %	100 %