SERAM COATINGS AS

3936 PORSGRUNN

Finances

Share Ownership

Return on Equity

−74,79 %

Current Ratio

4,96

Debt-to-Equity Ratio

Key figures (NOK)	2022	2021	2020	2019
Revenue	7 683 000	5 677 000	1 197 000	2 154 000
Net Income	−26 670 000	−18 655 000	−12 615 000	−24 510 000
Total Assets	40 368 000	45 174 000	23 159 000	11 668 000
Total Equity	35 661 000	41 885 000	20 987 000	5 637 000

Income (NOK)	2022	2021	2020	2019
Revenue	7 683 000	5 677 000	1 197 000	2 154 000
Expenditure	34 539 000	24 393 000	14 119 000	26 110 000
Operating Profit	−26 023 000	−18 441 000	−12 270 000	−23 956 000
Financial Income	41 000	43 000	46 000	40 000
Financial Costs	688 000	257 000	391 000	594 000
Financial Balance	−647 000	−214 000	−345 000	−554 000
Earnings Before Tax	−26 670 000	−18 655 000	−12 615 000	−24 510 000
Tax	0	0	0	0
Net Income	−26 670 000	−18 655 000	−12 615 000	−24 510 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	17 011 000	13 585 000	6 845 000	4 034 000
Total Current Assets	23 357 000	31 589 000	16 314 000	7 634 000
Total Assets	40 368 000	45 174 000	23 159 000	11 668 000
Total Retained Equity	0	0	0	−44 967 000
Total Equity	35 661 000	41 885 000	20 987 000	5 637 000
Total Long-Term Debt	0	102 000	199 000	0
Total Current Debt	4 706 000	3 186 000	1 974 000	6 031 000
Total Equity and Debt	40 368 000	45 174 000	23 159 000	11 668 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	7 645 000	5 647 000	1 197 000	151 000
Other Income	38 000	30 000	0	2 002 000
Revenue	7 683 000	5 677 000	1 197 000	2 154 000
Cost of Goods Sold	2 055 000	920 000	1 036 000	1 536 000
Salary Costs	11 037 000	8 227 000	4 044 000	8 465 000
Depreciation	1 155 000	1 244 000	1 777 000	1 840 000
Impairment	0	0	0	0
Expenditure	34 539 000	24 393 000	14 119 000	26 110 000
Operating Profit	−26 023 000	−18 441 000	−12 270 000	−23 956 000
Financial Income	41 000	43 000	46 000	40 000
Financial Costs	688 000	257 000	391 000	594 000
Financial Balance	−647 000	−214 000	−345 000	−554 000
Dividends	0	0	0	0
Net Income	−26 670 000	−18 655 000	−12 615 000	−24 510 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	2 374 000	2 268 000	1 830 000	30 000
Real Eastate	0	0	0	0
Machinery and Plant Facilities	9 603 000	7 749 000	1 889 000	2 824 000
Fixtures	1 898 000	754 000	358 000	1 180 000
Total Tangible Assets	11 501 000	8 502 000	2 247 000	4 004 000
Total Fiancial Fixed Assets	3 137 000	2 815 000	2 768 000	0
Total Fixed Assets	17 011 000	13 585 000	6 845 000	4 034 000
Stock	2 155 000	1 322 000	1 048 000	395 000
Total Investments	0	0	0	0
Cash, Bank	17 490 000	26 217 000	14 231 000	5 889 000
Total Current Assets	23 357 000	31 589 000	16 314 000	7 634 000
Total Assets	40 368 000	45 174 000	23 159 000	11 668 000
Total Equity	35 661 000	41 885 000	20 987 000	5 637 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	0	102 000	199 000	0
Creditors	2 090 000	1 150 000	231 000	1 971 000
Unpaid Taxes	553 000	428 000	398 000	389 000
Dividends	0	0	0	0
Other Current Debt	2 064 000	1 608 000	1 344 000	3 671 000
Total Current Debt	4 706 000	3 186 000	1 974 000	6 031 000
Total Equity and Debt	40 368 000	45 174 000	23 159 000	11 668 000

Financial indicators	2022	2021	2020	2019
Return on Equity	−74,79 %	−44,54 %	−60,11 %	−434,81 %
Debt-to-Equity Ratio	0	0	0,01	0
Operating Profit Margin	−338,71 %	−324,84 %	−1 025,06 %	−1 112,16 %
Current Ratio	4,96	9,91	8,26	1,27
Quick Ratio	9,16	16,95	17,62	1,35
Equity Ratio	0,88	0,93	0,91	0,48
Gross Profit Margin	73,25 %	83,79 %	13,45 %	28,69 %