SEASTATE 7 AS

6060 HAREID

Finances

Share Ownership

Return on Equity

4,91 %

Current Ratio

0,18

Debt-to-Equity Ratio

−0,35

Key figures (NOK)	2022	2021	2020	2019
Revenue	0	0	−2 000	−17 000
Net Income	−20 000	−9 000	−30 000	−266 000
Total Assets	60 000	56 000	49 000	285 000
Total Equity	−407 000	−387 000	−385 000	−397 000

Income (NOK)	2022	2021	2020	2019
Revenue	0	0	−2 000	−17 000
Expenditure	20 000	3 000	11 000	215 000
Operating Profit	−20 000	−3 000	−13 000	−232 000
Financial Income	0	0	0	0
Financial Costs	0	7 000	17 000	33 000
Financial Balance	0	−7 000	−17 000	−33 000
Earnings Before Tax	−20 000	−9 000	−30 000	−266 000
Tax	0	0	0	0
Net Income	−20 000	−9 000	−30 000	−266 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	0	38 000	0	0
Total Current Assets	60 000	17 000	49 000	285 000
Total Assets	60 000	56 000	49 000	285 000
Total Retained Equity	−627 000	−607 000	−610 000	−623 000
Total Equity	−407 000	−387 000	−385 000	−397 000
Total Long-Term Debt	141 000	142 000	143 000	401 000
Total Current Debt	327 000	301 000	291 000	280 000
Total Equity and Debt	60 000	56 000	49 000	285 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	0	0	−2 000	−17 000
Other Income	0	0	0	0
Revenue	0	0	−2 000	−17 000
Cost of Goods Sold	0	0	0	0
Salary Costs	0	0	0	0
Depreciation	0	0	0	0
Impairment	0	0	0	0
Expenditure	20 000	3 000	11 000	215 000
Operating Profit	−20 000	−3 000	−13 000	−232 000
Financial Income	0	0	0	0
Financial Costs	0	7 000	17 000	33 000
Financial Balance	0	−7 000	−17 000	−33 000
Dividends	0	0	0	0
Net Income	−20 000	−9 000	−30 000	−266 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	0	0	0	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	0	38 000	0	0
Total Fixed Assets	0	38 000	0	0
Stock	0	0	0	0
Total Investments	17 000	17 000	17 000	0
Cash, Bank	1 000	0	0	22 000
Total Current Assets	60 000	17 000	49 000	285 000
Total Assets	60 000	56 000	49 000	285 000
Total Equity	−407 000	−387 000	−385 000	−397 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	141 000	142 000	143 000	401 000
Creditors	298 000	296 000	291 000	272 000
Unpaid Taxes	0	0	0	−25 000
Dividends	0	0	0	0
Other Current Debt	29 000	5 000	0	15 000
Total Current Debt	327 000	301 000	291 000	280 000
Total Equity and Debt	60 000	56 000	49 000	285 000

Financial indicators	2022	2021	2020	2019
Return on Equity	4,91 %	2,33 %	7,79 %	67 %
Debt-to-Equity Ratio	−0,35	−0,37	−0,37	−1,01
Operating Profit Margin	-	-	650 %	1 364,71 %
Current Ratio	0,18	0,06	0,17	1,02
Quick Ratio	0,18	0,06	0,17	1,02
Equity Ratio	−6,78	−6,91	−7,86	−1,39
Gross Profit Margin	-	-	100 %	100 %