7 SEAS TECHNOLOGY AS

4876 GRIMSTAD

Finances

Return on Equity

1,65 %

Current Ratio

23,36

Debt-to-Equity Ratio

Key figures (NOK)	2022	2021	2020	2019
Revenue	0	54 000	61 000	398 000
Net Income	233 000	−21 000	10 998 000	22 257 000
Total Assets	14 716 000	14 475 000	30 995 000	23 803 000
Total Equity	14 107 000	14 474 000	16 995 000	21 397 000

Income (NOK)	2022	2021	2020	2019
Revenue	0	54 000	61 000	398 000
Expenditure	88 000	220 000	572 000	469 000
Operating Profit	−87 000	−166 000	−510 000	−72 000
Financial Income	330 000	146 000	11 515 000	22 323 000
Financial Costs	1 000	0	0	0
Financial Balance	329 000	146 000	11 515 000	22 323 000
Earnings Before Tax	242 000	−21 000	11 005 000	22 251 000
Tax	9 000	0	7 000	−7 000
Net Income	233 000	−21 000	10 998 000	22 257 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	493 000	493 000	493 000	499 000
Total Current Assets	14 224 000	13 982 000	30 502 000	23 304 000
Total Assets	14 716 000	14 475 000	30 995 000	23 803 000
Total Retained Equity	14 019 000	14 386 000	16 906 000	21 308 000
Total Equity	14 107 000	14 474 000	16 995 000	21 397 000
Total Long-Term Debt	0	0	0	0
Total Current Debt	609 000	1 000	14 000 000	2 407 000
Total Equity and Debt	14 716 000	14 475 000	30 995 000	23 803 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	0	54 000	61 000	368 000
Other Income	0	0	0	30 000
Revenue	0	54 000	61 000	398 000
Cost of Goods Sold	0	0	0	0
Salary Costs	4 000	1 000	7 000	3 000
Depreciation	0	0	0	0
Impairment	0	0	0	0
Expenditure	88 000	220 000	572 000	469 000
Operating Profit	−87 000	−166 000	−510 000	−72 000
Financial Income	330 000	146 000	11 515 000	22 323 000
Financial Costs	1 000	0	0	0
Financial Balance	329 000	146 000	11 515 000	22 323 000
Dividends	600 000	0	14 000 000	2 400 000
Net Income	233 000	−21 000	10 998 000	22 257 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	0	0	0	7 000
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	493 000	493 000	493 000	493 000
Total Fixed Assets	493 000	493 000	493 000	499 000
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	14 204 000	13 707 000	30 173 000	22 552 000
Total Current Assets	14 224 000	13 982 000	30 502 000	23 304 000
Total Assets	14 716 000	14 475 000	30 995 000	23 803 000
Total Equity	14 107 000	14 474 000	16 995 000	21 397 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	0	0	0	0
Creditors	0	0	0	6 000
Unpaid Taxes	0	1 000	0	0
Dividends	600 000	0	14 000 000	2 400 000
Other Current Debt	0	0	0	0
Total Current Debt	609 000	1 000	14 000 000	2 407 000
Total Equity and Debt	14 716 000	14 475 000	30 995 000	23 803 000

Financial indicators	2022	2021	2020	2019
Return on Equity	1,65 %	−0,15 %	64,71 %	104,02 %
Debt-to-Equity Ratio	0	0	0	0
Operating Profit Margin	-	−307,41 %	−836,07 %	−18,09 %
Current Ratio	23,36	13 982	2,18	9,68
Quick Ratio	23,36	13 982	2,18	9,68
Equity Ratio	0,96	1	0,55	0,9
Gross Profit Margin	-	100 %	100 %	100 %