SEATOWER AS

0495 OSLO

Finances

Share Ownership

Return on Equity

−491,93 %

Current Ratio

2,6

Debt-to-Equity Ratio

Key figures (NOK)	2022	2021	2020	2019
Revenue	906 000	4 675 000	2 203 000	1 531 000
Net Income	−4 265 000	−3 091 000	−10 532 000	−7 298 000
Total Assets	1 403 000	5 923 000	4 797 000	8 184 000
Total Equity	867 000	5 132 000	3 893 000	6 925 000

Income (NOK)	2022	2021	2020	2019
Revenue	906 000	4 675 000	2 203 000	1 531 000
Expenditure	5 206 000	7 654 000	12 820 000	8 842 000
Operating Profit	−4 301 000	−2 979 000	−10 618 000	−7 311 000
Financial Income	66 000	21 000	207 000	28 000
Financial Costs	30 000	133 000	121 000	15 000
Financial Balance	36 000	−112 000	86 000	13 000
Earnings Before Tax	−4 265 000	−3 091 000	−10 532 000	−7 298 000
Tax	0	0	0	0
Net Income	−4 265 000	−3 091 000	−10 532 000	−7 298 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	10 000	18 000	0	5 965 000
Total Current Assets	1 392 000	5 904 000	4 797 000	2 219 000
Total Assets	1 403 000	5 923 000	4 797 000	8 184 000
Total Retained Equity	−4 463 000	−198 000	−5 156 000	−1 374 000
Total Equity	867 000	5 132 000	3 893 000	6 925 000
Total Long-Term Debt	0	0	0	0
Total Current Debt	536 000	791 000	904 000	1 259 000
Total Equity and Debt	1 403 000	5 923 000	4 797 000	8 184 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	906 000	4 675 000	2 203 000	1 531 000
Other Income	0	0	0	0
Revenue	906 000	4 675 000	2 203 000	1 531 000
Cost of Goods Sold	0	0	0	0
Salary Costs	4 126 000	4 626 000	4 918 000	4 748 000
Depreciation	8 000	8 000	1 592 000	1 594 000
Impairment	0	0	4 372 000	0
Expenditure	5 206 000	7 654 000	12 820 000	8 842 000
Operating Profit	−4 301 000	−2 979 000	−10 618 000	−7 311 000
Financial Income	66 000	21 000	207 000	28 000
Financial Costs	30 000	133 000	121 000	15 000
Financial Balance	36 000	−112 000	86 000	13 000
Dividends	0	0	0	0
Net Income	−4 265 000	−3 091 000	−10 532 000	−7 298 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	0	0	0	5 960 000
Real Eastate	0	0	0	0
Machinery and Plant Facilities	0	0	0	0
Fixtures	10 000	18 000	0	4 000
Total Tangible Assets	10 000	18 000	0	4 000
Total Fiancial Fixed Assets	0	0	0	1 000
Total Fixed Assets	10 000	18 000	0	5 965 000
Stock	0	0	0	0
Total Investments	976 000	4 402 000	2 790 000	0
Cash, Bank	393 000	894 000	754 000	42 000
Total Current Assets	1 392 000	5 904 000	4 797 000	2 219 000
Total Assets	1 403 000	5 923 000	4 797 000	8 184 000
Total Equity	867 000	5 132 000	3 893 000	6 925 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	0	0	0	0
Creditors	123 000	52 000	210 000	118 000
Unpaid Taxes	111 000	292 000	156 000	86 000
Dividends	0	0	0	0
Other Current Debt	302 000	447 000	539 000	1 055 000
Total Current Debt	536 000	791 000	904 000	1 259 000
Total Equity and Debt	1 403 000	5 923 000	4 797 000	8 184 000

Financial indicators	2022	2021	2020	2019
Return on Equity	−491,93 %	−60,23 %	−270,54 %	−105,39 %
Debt-to-Equity Ratio	0	0	0	0
Operating Profit Margin	−474,72 %	−63,72 %	−481,98 %	−477,53 %
Current Ratio	2,6	7,46	5,31	1,76
Quick Ratio	2,6	7,46	5,31	1,76
Equity Ratio	0,62	0,87	0,81	0,85
Gross Profit Margin	100 %	100 %	100 %	100 %