MAGSEIS OPERATIONS AS

0277 OSLO

Finances

Share Ownership

Return on Equity

−22,5 %

Current Ratio

1,33

Debt-to-Equity Ratio

Key figures (USD)	2022	2021	2020	2019
Revenue	76 517 000	91 027 000	5 242 000	66 459 000
Net Income	−6 154 000	16 732 000	−2 308 000	−16 120 000
Total Assets	36 207 000	61 072 000	42 828 000	36 795 000
Total Equity	27 351 000	33 506 000	816 000	3 125 000

Income (USD)	2022	2021	2020	2019
Revenue	76 517 000	91 027 000	5 242 000	66 459 000
Expenditure	84 328 000	71 537 000	7 119 000	77 763 000
Operating Profit	−7 811 000	19 490 000	−1 877 000	−11 304 000
Financial Income	1 712 000	179 000	1 398 000	948 000
Financial Costs	51 000	229 000	1 821 000	1 350 000
Financial Balance	1 661 000	−50 000	−423 000	−402 000
Earnings Before Tax	−6 150 000	19 440 000	−2 300 000	−11 706 000
Tax	4 000	2 708 000	8 000	4 414 000
Net Income	−6 154 000	16 732 000	−2 308 000	−16 120 000

Balance (USD)	2022	2021	2020	2019
Total Fixed Assets	24 435 000	23 927 000	22 307 000	0
Total Current Assets	11 772 000	37 145 000	20 521 000	36 795 000
Total Assets	36 207 000	61 072 000	42 828 000	36 795 000
Total Retained Equity	10 169 000	16 324 000	−409 000	−91 000
Total Equity	27 351 000	33 506 000	816 000	3 125 000
Total Long-Term Debt	0	0	448 000	0
Total Current Debt	8 856 000	27 566 000	41 563 000	33 668 000
Total Equity and Debt	36 207 000	61 072 000	42 827 000	36 793 000

Cash flow (USD)	2022	2021	2020	2019
Sales Income	76 517 000	91 027 000	5 242 000	66 459 000
Other Income	0	0	0	0
Revenue	76 517 000	91 027 000	5 242 000	66 459 000
Cost of Goods Sold	60 146 000	62 474 000	4 133 000	75 684 000
Salary Costs	0	0	0	0
Depreciation	4 221 000	5 480 000	0	0
Impairment	16 287 000	0	0	0
Expenditure	84 328 000	71 537 000	7 119 000	77 763 000
Operating Profit	−7 811 000	19 490 000	−1 877 000	−11 304 000
Financial Income	1 712 000	179 000	1 398 000	948 000
Financial Costs	51 000	229 000	1 821 000	1 350 000
Financial Balance	1 661 000	−50 000	−423 000	−402 000
Dividends	0	0	0	0
Net Income	−6 154 000	16 732 000	−2 308 000	−16 120 000

Balance details (USD)	2022	2021	2020	2019
Goodwill	0	23 927 000	22 307 000	0
Total Intangible Assets	4 113 000	23 927 000	22 307 000	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	20 322 000	0	0	0
Total Fixed Assets	24 435 000	23 927 000	22 307 000	0
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	2 258 000	16 306 000	10 931 000	13 121 000
Total Current Assets	11 772 000	37 145 000	20 521 000	36 795 000
Total Assets	36 207 000	61 072 000	42 828 000	36 795 000
Total Equity	27 351 000	33 506 000	816 000	3 125 000
Short-Term Group Debt	3 779 000	11 499 000	23 049 000	0
Total Long-Term Debt	0	0	448 000	0
Creditors	−18 000	0	0	0
Unpaid Taxes	0	3 547 000	3 545 000	25 196 000
Dividends	0	0	0	0
Other Current Debt	1 499 000	12 025 000	14 965 000	7 871 000
Total Current Debt	8 856 000	27 566 000	41 563 000	33 668 000
Total Equity and Debt	36 207 000	61 072 000	42 827 000	36 793 000

Financial indicators	2022	2021	2020	2019
Return on Equity	−22,5 %	49,94 %	−282,84 %	−515,84 %
Debt-to-Equity Ratio	0	0	0,55	0
Operating Profit Margin	−10,21 %	21,41 %	−35,81 %	−17,01 %
Current Ratio	1,33	1,35	0,49	1,09
Quick Ratio	1,33	1,35	0,49	1,09
Equity Ratio	0,76	0,55	0,02	0,08
Gross Profit Margin	21,4 %	31,37 %	21,16 %	−13,88 %