SIMSEA ASSETS AS

5529 HAUGESUND

Finances

Share Ownership

Return on Equity

−9,7 %

Current Ratio

0,21

Debt-to-Equity Ratio

5,63

Key figures (NOK)	2022	2021	2020	2019
Revenue	4 483 000	4 410 000	4 482 000	4 380 000
Net Income	−301 000	1 475 000	216 000	−635 000
Total Assets	23 303 000	25 146 000	26 936 000	29 849 000
Total Equity	3 104 000	3 405 000	1 930 000	1 715 000

Income (NOK)	2022	2021	2020	2019
Revenue	4 483 000	4 410 000	4 482 000	4 380 000
Expenditure	4 168 000	4 215 000	3 599 000	4 166 000
Operating Profit	315 000	195 000	883 000	214 000
Financial Income	215 000	1 881 000	105 000	131 000
Financial Costs	831 000	601 000	772 000	980 000
Financial Balance	−616 000	1 280 000	−667 000	−849 000
Earnings Before Tax	−301 000	1 475 000	216 000	−635 000
Tax	0	0	0	0
Net Income	−301 000	1 475 000	216 000	−635 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	22 738 000	24 929 000	25 482 000	27 809 000
Total Current Assets	565 000	217 000	1 454 000	2 040 000
Total Assets	23 303 000	25 146 000	26 936 000	29 849 000
Total Retained Equity	−20 785 000	−20 485 000	−21 960 000	−22 175 000
Total Equity	3 104 000	3 405 000	1 930 000	1 715 000
Total Long-Term Debt	17 489 000	21 005 000	24 644 000	27 838 000
Total Current Debt	2 709 000	736 000	361 000	297 000
Total Equity and Debt	23 303 000	25 146 000	26 936 000	29 849 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	4 483 000	4 410 000	4 380 000	4 380 000
Other Income	0	0	102 000	0
Revenue	4 483 000	4 410 000	4 482 000	4 380 000
Cost of Goods Sold	0	0	0	0
Salary Costs	0	0	0	0
Depreciation	2 402 000	2 479 000	2 462 000	2 485 000
Impairment	0	0	0	0
Expenditure	4 168 000	4 215 000	3 599 000	4 166 000
Operating Profit	315 000	195 000	883 000	214 000
Financial Income	215 000	1 881 000	105 000	131 000
Financial Costs	831 000	601 000	772 000	980 000
Financial Balance	−616 000	1 280 000	−667 000	−849 000
Dividends	0	0	0	0
Net Income	−301 000	1 475 000	216 000	−635 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	30 000	40 000	0	0
Real Eastate	711 000	1 422 000	0	0
Machinery and Plant Facilities	18 007 000	19 657 000	0	0
Fixtures	8 000	39 000	23 587 000	26 015 000
Total Tangible Assets	18 725 000	21 117 000	23 587 000	26 015 000
Total Fiancial Fixed Assets	3 983 000	3 772 000	1 895 000	1 794 000
Total Fixed Assets	22 738 000	24 929 000	25 482 000	27 809 000
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	565 000	4 000	313 000	61 000
Total Current Assets	565 000	217 000	1 454 000	2 040 000
Total Assets	23 303 000	25 146 000	26 936 000	29 849 000
Total Equity	3 104 000	3 405 000	1 930 000	1 715 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	17 489 000	21 005 000	24 644 000	27 838 000
Creditors	1 644 000	373 000	358 000	223 000
Unpaid Taxes	21 000	0	0	59 000
Dividends	0	0	0	0
Other Current Debt	1 044 000	363 000	3 000	14 000
Total Current Debt	2 709 000	736 000	361 000	297 000
Total Equity and Debt	23 303 000	25 146 000	26 936 000	29 849 000

Financial indicators	2022	2021	2020	2019
Return on Equity	−9,7 %	43,32 %	11,19 %	−37,03 %
Debt-to-Equity Ratio	5,63	6,17	12,77	16,23
Operating Profit Margin	7,03 %	4,42 %	19,7 %	4,89 %
Current Ratio	0,21	0,29	4,03	6,87
Quick Ratio	0,21	0,29	4,03	6,87
Equity Ratio	0,13	0,14	0,07	0,06
Gross Profit Margin	100 %	100 %	100 %	100 %