SEAT INNOVATION AS

4636 KRISTIANSAND S

Finances

Return on Equity

−44,24 %

Current Ratio

0,99

Debt-to-Equity Ratio

Key figures (NOK)	2022	2021	2020	2019
Revenue	33 797 000	26 039 000	28 722 000	24 669 000
Net Income	−3 025 000	−5 786 000	−3 218 000	−4 596 000
Total Assets	36 649 000	34 949 000	39 803 000	50 319 000
Total Equity	6 838 000	7 234 000	12 411 000	9 292 000

Income (NOK)	2022	2021	2020	2019
Revenue	33 797 000	26 039 000	28 722 000	24 669 000
Expenditure	36 653 000	32 734 000	31 897 000	29 306 000
Operating Profit	−2 856 000	−6 695 000	−3 175 000	−4 637 000
Financial Income	139 000	130 000	198 000	27 000
Financial Costs	1 185 000	926 000	1 199 000	1 342 000
Financial Balance	−1 046 000	−796 000	−1 001 000	−1 315 000
Earnings Before Tax	−3 902 000	−7 492 000	−4 176 000	−5 952 000
Tax	−878 000	−1 706 000	−958 000	−1 356 000
Net Income	−3 025 000	−5 786 000	−3 218 000	−4 596 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	7 007 000	8 577 000	7 664 000	10 823 000
Total Current Assets	29 641 000	26 373 000	32 140 000	39 497 000
Total Assets	36 649 000	34 949 000	39 803 000	50 319 000
Total Retained Equity	3 578 000	3 974 000	9 151 000	6 031 000
Total Equity	6 838 000	7 234 000	12 411 000	9 292 000
Total Long-Term Debt	0	0	0	0
Total Current Debt	29 810 000	27 715 000	27 392 000	41 027 000
Total Equity and Debt	36 649 000	34 949 000	39 803 000	50 319 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	33 797 000	26 039 000	28 692 000	24 669 000
Other Income	0	0	30 000	0
Revenue	33 797 000	26 039 000	28 722 000	24 669 000
Cost of Goods Sold	16 966 000	13 803 000	12 286 000	13 369 000
Salary Costs	7 500 000	7 141 000	6 258 000	4 718 000
Depreciation	1 976 000	2 351 000	3 384 000	2 786 000
Impairment	0	0	0	0
Expenditure	36 653 000	32 734 000	31 897 000	29 306 000
Operating Profit	−2 856 000	−6 695 000	−3 175 000	−4 637 000
Financial Income	139 000	130 000	198 000	27 000
Financial Costs	1 185 000	926 000	1 199 000	1 342 000
Financial Balance	−1 046 000	−796 000	−1 001 000	−1 315 000
Dividends	0	0	0	0
Net Income	−3 025 000	−5 786 000	−3 218 000	−4 596 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	6 089 000	7 343 000	5 820 000	7 943 000
Real Eastate	0	0	0	0
Machinery and Plant Facilities	0	0	0	0
Fixtures	918 000	1 233 000	1 843 000	2 865 000
Total Tangible Assets	918 000	1 233 000	1 843 000	2 865 000
Total Fiancial Fixed Assets	0	0	0	15 000
Total Fixed Assets	7 007 000	8 577 000	7 664 000	10 823 000
Stock	20 160 000	19 533 000	16 842 000	15 795 000
Total Investments	0	0	0	0
Cash, Bank	901 000	799 000	2 659 000	572 000
Total Current Assets	29 641 000	26 373 000	32 140 000	39 497 000
Total Assets	36 649 000	34 949 000	39 803 000	50 319 000
Total Equity	6 838 000	7 234 000	12 411 000	9 292 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	0	0	0	0
Creditors	1 782 000	1 460 000	1 254 000	1 425 000
Unpaid Taxes	609 000	520 000	374 000	863 000
Dividends	0	0	0	0
Other Current Debt	1 054 000	1 010 000	1 594 000	2 092 000
Total Current Debt	29 810 000	27 715 000	27 392 000	41 027 000
Total Equity and Debt	36 649 000	34 949 000	39 803 000	50 319 000

Financial indicators	2022	2021	2020	2019
Return on Equity	−44,24 %	−79,98 %	−25,93 %	−49,46 %
Debt-to-Equity Ratio	0	0	0	0
Operating Profit Margin	−8,45 %	−25,71 %	−11,05 %	−18,8 %
Current Ratio	0,99	0,95	1,17	0,96
Quick Ratio	3,07	3,22	3,05	1,57
Equity Ratio	0,19	0,21	0,31	0,18
Gross Profit Margin	49,8 %	46,99 %	57,22 %	45,81 %