SEASAFE NORWAY AS

6006 ÅLESUND

Finances

Share Ownership

Return on Equity

−46,61 %

Current Ratio

1,35

Debt-to-Equity Ratio

Key figures (NOK)	2022	2021	2020	2019
Revenue	1 890 000	2 071 000	1 689 000	1 429 000
Net Income	−179 000	−34 000	12 000	2 000
Total Assets	1 000 000	1 464 000	1 296 000	1 354 000
Total Equity	384 000	563 000	597 000	585 000

Income (NOK)	2022	2021	2020	2019
Revenue	1 890 000	2 071 000	1 689 000	1 429 000
Expenditure	2 004 000	2 193 000	1 643 000	1 389 000
Operating Profit	−215 000	−23 000	47 000	40 000
Financial Income	0	0	0	0
Financial Costs	15 000	21 000	31 000	38 000
Financial Balance	−15 000	−21 000	−31 000	−38 000
Earnings Before Tax	−230 000	−43 000	15 000	2 000
Tax	−51 000	−10 000	4 000	0
Net Income	−179 000	−34 000	12 000	2 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	170 000	193 000	264 000	334 000
Total Current Assets	829 000	1 272 000	1 033 000	1 020 000
Total Assets	1 000 000	1 464 000	1 296 000	1 354 000
Total Retained Equity	354 000	533 000	567 000	555 000
Total Equity	384 000	563 000	597 000	585 000
Total Long-Term Debt	0	1 000	111 000	115 000
Total Current Debt	616 000	900 000	588 000	654 000
Total Equity and Debt	1 000 000	1 464 000	1 296 000	1 354 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	1 806 000	1 981 000	1 689 000	1 429 000
Other Income	84 000	90 000	0	0
Revenue	1 890 000	2 071 000	1 689 000	1 429 000
Cost of Goods Sold	500 000	282 000	499 000	227 000
Salary Costs	731 000	1 179 000	580 000	412 000
Depreciation	71 000	71 000	71 000	71 000
Impairment	0	0	0	0
Expenditure	2 004 000	2 193 000	1 643 000	1 389 000
Operating Profit	−215 000	−23 000	47 000	40 000
Financial Income	0	0	0	0
Financial Costs	15 000	21 000	31 000	38 000
Financial Balance	−15 000	−21 000	−31 000	−38 000
Dividends	0	0	0	0
Net Income	−179 000	−34 000	12 000	2 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	49 000	0	0	0
Real Eastate	0	0	0	0
Machinery and Plant Facilities	2 000	31 000	60 000	90 000
Fixtures	119 000	161 000	203 000	244 000
Total Tangible Assets	121 000	193 000	264 000	334 000
Total Fiancial Fixed Assets	0	0	0	0
Total Fixed Assets	170 000	193 000	264 000	334 000
Stock	3 000	100 000	6 000	7 000
Total Investments	0	0	0	0
Cash, Bank	34 000	79 000	43 000	25 000
Total Current Assets	829 000	1 272 000	1 033 000	1 020 000
Total Assets	1 000 000	1 464 000	1 296 000	1 354 000
Total Equity	384 000	563 000	597 000	585 000
Short-Term Group Debt	0	0	0	34 000
Total Long-Term Debt	0	1 000	111 000	115 000
Creditors	52 000	120 000	347 000	132 000
Unpaid Taxes	69 000	236 000	96 000	69 000
Dividends	0	0	0	0
Other Current Debt	276 000	366 000	117 000	110 000
Total Current Debt	616 000	900 000	588 000	654 000
Total Equity and Debt	1 000 000	1 464 000	1 296 000	1 354 000

Financial indicators	2022	2021	2020	2019
Return on Equity	−46,61 %	−6,04 %	2,01 %	0,34 %
Debt-to-Equity Ratio	0	0	0,19	0,2
Operating Profit Margin	−11,38 %	−1,11 %	2,78 %	2,8 %
Current Ratio	1,35	1,41	1,76	1,56
Quick Ratio	1,35	1,59	1,77	1,58
Equity Ratio	0,38	0,38	0,46	0,43
Gross Profit Margin	73,54 %	86,38 %	70,46 %	84,11 %