THE SEAFOOD INNOVATION CLUSTER AS

5006 BERGEN

Finances

Return on Equity

−21,1 %

Current Ratio

1,35

Debt-to-Equity Ratio

Key figures (NOK)	2022	2021	2020	2019
Revenue	19 382 000	17 640 000	24 895 000	12 739 000
Net Income	−558 000	184 000	529 000	511 000
Total Assets	9 272 000	8 335 000	11 291 000	6 478 000
Total Equity	2 645 000	3 203 000	3 027 000	2 490 000

Income (NOK)	2022	2021	2020	2019
Revenue	19 382 000	17 640 000	24 895 000	12 739 000
Expenditure	13 836 000	11 126 000	8 996 000	6 501 000
Operating Profit	−558 000	239 000	682 000	666 000
Financial Income	0	0	1 000	2 000
Financial Costs	0	0	2 000	1 000
Financial Balance	0	0	−1 000	1 000
Earnings Before Tax	−558 000	239 000	681 000	667 000
Tax	0	55 000	152 000	156 000
Net Income	−558 000	184 000	529 000	511 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	309 000	311 000	347 000	289 000
Total Current Assets	8 963 000	8 023 000	10 944 000	6 189 000
Total Assets	9 272 000	8 335 000	11 291 000	6 478 000
Total Retained Equity	2 593 000	3 151 000	2 969 000	2 440 000
Total Equity	2 645 000	3 203 000	3 027 000	2 490 000
Total Long-Term Debt	0	0	0	0
Total Current Debt	6 627 000	5 132 000	8 264 000	3 988 000
Total Equity and Debt	9 272 000	8 335 000	11 291 000	6 478 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	0	0	0	0
Other Income	19 382 000	17 640 000	24 895 000	12 739 000
Revenue	19 382 000	17 640 000	24 895 000	12 739 000
Cost of Goods Sold	0	0	0	0
Salary Costs	10 326 000	7 556 000	6 488 000	3 854 000
Depreciation	44 000	36 000	39 000	17 000
Impairment	0	0	0	0
Expenditure	13 836 000	11 126 000	8 996 000	6 501 000
Operating Profit	−558 000	239 000	682 000	666 000
Financial Income	0	0	1 000	2 000
Financial Costs	0	0	2 000	1 000
Financial Balance	0	0	−1 000	1 000
Dividends	0	0	0	0
Net Income	−558 000	184 000	529 000	511 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	95 000	131 000	167 000	139 000
Real Eastate	0	0	0	0
Machinery and Plant Facilities	0	0	0	0
Fixtures	33 000	0	0	0
Total Tangible Assets	33 000	0	0	0
Total Fiancial Fixed Assets	180 000	180 000	180 000	150 000
Total Fixed Assets	309 000	311 000	347 000	289 000
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	1 996 000	4 140 000	1 589 000	1 085 000
Total Current Assets	8 963 000	8 023 000	10 944 000	6 189 000
Total Assets	9 272 000	8 335 000	11 291 000	6 478 000
Total Equity	2 645 000	3 203 000	3 027 000	2 490 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	0	0	0	0
Creditors	2 975 000	1 704 000	4 054 000	2 472 000
Unpaid Taxes	742 000	596 000	535 000	316 000
Dividends	0	0	0	0
Other Current Debt	2 910 000	2 777 000	3 523 000	1 043 000
Total Current Debt	6 627 000	5 132 000	8 264 000	3 988 000
Total Equity and Debt	9 272 000	8 335 000	11 291 000	6 478 000

Financial indicators	2022	2021	2020	2019
Return on Equity	−21,1 %	5,74 %	17,48 %	20,52 %
Debt-to-Equity Ratio	0	0	0	0
Operating Profit Margin	−2,88 %	1,35 %	2,74 %	5,23 %
Current Ratio	1,35	1,56	1,32	1,55
Quick Ratio	1,35	1,56	1,32	1,55
Equity Ratio	0,29	0,38	0,27	0,38
Gross Profit Margin	100 %	100 %	100 %	100 %