SEAFRONT GROUP AS

4610 KRISTIANSAND S

Finances

Return on Equity

−2,98 %

Current Ratio

0,22

Debt-to-Equity Ratio

0,35

Key figures (NOK)	2022	2021	2020	2019
Revenue	3 693 000	3 285 000	7 142 000	7 353 000
Net Income	−560 000	731 000	−6 707 000	−1 424 000
Total Assets	44 723 000	49 104 000	53 426 000	61 263 000
Total Equity	18 808 000	19 368 000	19 388 000	25 347 000

Income (NOK)	2022	2021	2020	2019
Revenue	3 693 000	3 285 000	7 142 000	7 353 000
Expenditure	4 116 000	3 841 000	6 744 000	8 218 000
Operating Profit	−423 000	−556 000	397 000	−865 000
Financial Income	0	1 328 000	106 000	175 000
Financial Costs	138 000	42 000	7 210 000	734 000
Financial Balance	−138 000	1 286 000	−7 104 000	−559 000
Earnings Before Tax	−560 000	731 000	−6 707 000	−1 424 000
Tax	0	0	0	0
Net Income	−560 000	731 000	−6 707 000	−1 424 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	40 524 000	40 276 000	39 868 000	50 051 000
Total Current Assets	4 199 000	8 828 000	13 558 000	11 212 000
Total Assets	44 723 000	49 104 000	53 426 000	61 263 000
Total Retained Equity	6 501 000	7 061 000	7 081 000	13 040 000
Total Equity	18 808 000	19 368 000	19 388 000	25 347 000
Total Long-Term Debt	6 533 000	5 936 000	12 538 000	19 955 000
Total Current Debt	19 383 000	23 800 000	21 501 000	15 961 000
Total Equity and Debt	44 723 000	49 104 000	53 426 000	61 263 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	3 528 000	3 085 000	1 052 000	2 263 000
Other Income	165 000	200 000	6 089 000	5 089 000
Revenue	3 693 000	3 285 000	7 142 000	7 353 000
Cost of Goods Sold	353 000	279 000	0	0
Salary Costs	2 980 000	2 728 000	1 330 000	1 394 000
Depreciation	143 000	165 000	183 000	183 000
Impairment	0	0	0	0
Expenditure	4 116 000	3 841 000	6 744 000	8 218 000
Operating Profit	−423 000	−556 000	397 000	−865 000
Financial Income	0	1 328 000	106 000	175 000
Financial Costs	138 000	42 000	7 210 000	734 000
Financial Balance	−138 000	1 286 000	−7 104 000	−559 000
Dividends	0	0	0	0
Net Income	−560 000	731 000	−6 707 000	−1 424 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	237 000	380 000	523 000	666 000
Real Eastate	0	0	21 000	46 000
Machinery and Plant Facilities	0	0	0	0
Fixtures	0	0	19 000	34 000
Total Tangible Assets	0	0	39 000	80 000
Total Fiancial Fixed Assets	40 287 000	39 896 000	39 306 000	49 306 000
Total Fixed Assets	40 524 000	40 276 000	39 868 000	50 051 000
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	318 000	158 000	247 000	57 000
Total Current Assets	4 199 000	8 828 000	13 558 000	11 212 000
Total Assets	44 723 000	49 104 000	53 426 000	61 263 000
Total Equity	18 808 000	19 368 000	19 388 000	25 347 000
Short-Term Group Debt	14 878 000	19 399 000	0	0
Total Long-Term Debt	6 533 000	5 936 000	12 538 000	19 955 000
Creditors	165 000	174 000	136 000	1 302 000
Unpaid Taxes	347 000	307 000	625 000	176 000
Dividends	0	0	0	0
Other Current Debt	3 992 000	3 920 000	20 740 000	8 371 000
Total Current Debt	19 383 000	23 800 000	21 501 000	15 961 000
Total Equity and Debt	44 723 000	49 104 000	53 426 000	61 263 000

Financial indicators	2022	2021	2020	2019
Return on Equity	−2,98 %	3,77 %	−34,59 %	−5,62 %
Debt-to-Equity Ratio	0,35	0,31	0,65	0,79
Operating Profit Margin	−11,45 %	−16,93 %	5,56 %	−11,76 %
Current Ratio	0,22	0,37	0,63	0,7
Quick Ratio	0,22	0,37	0,63	0,7
Equity Ratio	0,42	0,39	0,36	0,41
Gross Profit Margin	90,44 %	91,51 %	100 %	100 %