SEATECH INVENT AS

8700 NESNA

Finances

Share Ownership

Return on Equity

74,39 %

Current Ratio

0,63

Debt-to-Equity Ratio

−1,44

Key figures (NOK)	2022	2021	2020	2019
Revenue	2 414 000	1 602 000	91 000	212 000
Net Income	−183 000	−78 000	0	−24 000
Total Assets	883 000	370 000	48 000	66 000
Total Equity	−246 000	−63 000	15 000	15 000

Income (NOK)	2022	2021	2020	2019
Revenue	2 414 000	1 602 000	91 000	212 000
Expenditure	2 571 000	1 676 000	92 000	236 000
Operating Profit	−157 000	−74 000	0	−24 000
Financial Income	0	1 000	0	0
Financial Costs	26 000	4 000	0	0
Financial Balance	−26 000	−3 000	0	0
Earnings Before Tax	−183 000	−78 000	0	−24 000
Tax	0	0	0	0
Net Income	−183 000	−78 000	0	−24 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	394 000	166 000	0	0
Total Current Assets	489 000	204 000	48 000	66 000
Total Assets	883 000	370 000	48 000	66 000
Total Retained Equity	−270 000	−87 000	−9 000	−10 000
Total Equity	−246 000	−63 000	15 000	15 000
Total Long-Term Debt	354 000	174 000	0	0
Total Current Debt	775 000	259 000	33 000	51 000
Total Equity and Debt	883 000	370 000	48 000	66 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	2 079 000	1 572 000	73 000	111 000
Other Income	334 000	30 000	18 000	101 000
Revenue	2 414 000	1 602 000	91 000	212 000
Cost of Goods Sold	722 000	765 000	19 000	0
Salary Costs	411 000	372 000	11 000	5 000
Depreciation	79 000	3 000	0	7 000
Impairment	0	0	0	0
Expenditure	2 571 000	1 676 000	92 000	236 000
Operating Profit	−157 000	−74 000	0	−24 000
Financial Income	0	1 000	0	0
Financial Costs	26 000	4 000	0	0
Financial Balance	−26 000	−3 000	0	0
Dividends	0	0	0	0
Net Income	−183 000	−78 000	0	−24 000

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	336 000	166 000	0	0
Total Tangible Assets	336 000	166 000	0	0
Total Fiancial Fixed Assets	58 000	0	0	0
Total Fixed Assets	394 000	166 000	0	0
Stock	237 000	0	0	0
Total Investments	0	0	0	0
Cash, Bank	8 000	35 000	2 000	2 000
Total Current Assets	489 000	204 000	48 000	66 000
Total Assets	883 000	370 000	48 000	66 000
Total Equity	−246 000	−63 000	15 000	15 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	354 000	174 000	0	0
Creditors	412 000	119 000	0	30 000
Unpaid Taxes	42 000	80 000	12 000	2 000
Dividends	0	0	0	0
Other Current Debt	175 000	60 000	21 000	20 000
Total Current Debt	775 000	259 000	33 000	51 000
Total Equity and Debt	883 000	370 000	48 000	66 000

Financial indicators	2022	2021	2020	2019
Return on Equity	74,39 %	123,81 %	0 %	−160 %
Debt-to-Equity Ratio	−1,44	−2,76	0	0
Operating Profit Margin	−6,5 %	−4,62 %	0 %	−11,32 %
Current Ratio	0,63	0,79	1,45	1,29
Quick Ratio	0,91	0,79	1,45	1,29
Equity Ratio	−0,28	−0,17	0,31	0,23
Gross Profit Margin	70,09 %	52,25 %	79,12 %	100 %