SIMSEA ASSETS II AS

5529 HAUGESUND

Finances

Share Ownership

Return on Equity

−42,06 %

Current Ratio

1,07

Debt-to-Equity Ratio

Key figures (NOK)	2022	2021	2020	2019
Revenue	420 000	420 000	420 000	420 000
Net Income	−408 000	−272 000	−259 000	−145 000
Total Assets	4 977 000	5 171 000	1 564 000	1 895 000
Total Equity	970 000	1 378 000	−2 122 000	−1 863 000

Income (NOK)	2022	2021	2020	2019
Revenue	420 000	420 000	420 000	420 000
Expenditure	617 000	588 000	579 000	434 000
Operating Profit	−196 000	−168 000	−158 000	−14 000
Financial Income	0	0	0	0
Financial Costs	212 000	103 000	101 000	131 000
Financial Balance	−212 000	−103 000	−101 000	−131 000
Earnings Before Tax	−408 000	−272 000	−259 000	−145 000
Tax	0	0	0	0
Net Income	−408 000	−272 000	−259 000	−145 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	698 000	1 179 000	1 349 000	1 837 000
Total Current Assets	4 279 000	3 992 000	216 000	57 000
Total Assets	4 977 000	5 171 000	1 564 000	1 895 000
Total Retained Equity	−3 171 000	−2 763 000	−2 491 000	−2 232 000
Total Equity	970 000	1 378 000	−2 122 000	−1 863 000
Total Long-Term Debt	0	0	3 478 000	3 377 000
Total Current Debt	4 007 000	3 793 000	208 000	380 000
Total Equity and Debt	4 977 000	5 171 000	1 564 000	1 895 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	420 000	420 000	420 000	420 000
Other Income	0	0	0	0
Revenue	420 000	420 000	420 000	420 000
Cost of Goods Sold	0	0	0	0
Salary Costs	0	0	0	0
Depreciation	547 000	537 000	489 000	404 000
Impairment	0	0	0	0
Expenditure	617 000	588 000	579 000	434 000
Operating Profit	−196 000	−168 000	−158 000	−14 000
Financial Income	0	0	0	0
Financial Costs	212 000	103 000	101 000	131 000
Financial Balance	−212 000	−103 000	−101 000	−131 000
Dividends	0	0	0	0
Net Income	−408 000	−272 000	−259 000	−145 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	400 000	712 000	643 000	893 000
Real Eastate	0	0	0	0
Machinery and Plant Facilities	245 000	456 000	0	0
Fixtures	53 000	11 000	706 000	945 000
Total Tangible Assets	298 000	467 000	706 000	945 000
Total Fiancial Fixed Assets	0	0	0	0
Total Fixed Assets	698 000	1 179 000	1 349 000	1 837 000
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	49 000	0	1 000	57 000
Total Current Assets	4 279 000	3 992 000	216 000	57 000
Total Assets	4 977 000	5 171 000	1 564 000	1 895 000
Total Equity	970 000	1 378 000	−2 122 000	−1 863 000
Short-Term Group Debt	3 983 000	3 772 000	190 000	351 000
Total Long-Term Debt	0	0	3 478 000	3 377 000
Creditors	2 000	5 000	1 000	16 000
Unpaid Taxes	17 000	17 000	17 000	12 000
Dividends	0	0	0	0
Other Current Debt	6 000	0	0	0
Total Current Debt	4 007 000	3 793 000	208 000	380 000
Total Equity and Debt	4 977 000	5 171 000	1 564 000	1 895 000

Financial indicators	2022	2021	2020	2019
Return on Equity	−42,06 %	−19,74 %	12,21 %	7,78 %
Debt-to-Equity Ratio	0	0	−1,64	−1,81
Operating Profit Margin	−46,67 %	−40 %	−37,62 %	−3,33 %
Current Ratio	1,07	1,05	1,04	0,15
Quick Ratio	1,07	1,05	1,04	0,15
Equity Ratio	0,19	0,27	−1,36	−0,98
Gross Profit Margin	100 %	100 %	100 %	100 %