NORWAY SEAWEED AS

4836 ARENDAL

Finances

Share Ownership

Return on Equity

35 %

Current Ratio

2,9

Debt-to-Equity Ratio

Key figures (NOK)	2022	2021	2020	2019
Revenue	73 000	0	48 000	190 000
Net Income	28 000	4 000	13 000	5 000
Total Assets	122 000	65 000	95 000	160 000
Total Equity	80 000	52 000	48 000	36 000

Income (NOK)	2022	2021	2020	2019
Revenue	73 000	0	48 000	190 000
Expenditure	33 000	−5 000	32 000	184 000
Operating Profit	41 000	5 000	16 000	7 000
Financial Income	3 000	3 000	0	0
Financial Costs	7 000	0	0	0
Financial Balance	−4 000	3 000	0	0
Earnings Before Tax	36 000	8 000	16 000	6 000
Tax	8 000	5 000	4 000	1 000
Net Income	28 000	4 000	13 000	5 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	0	0	0	0
Total Current Assets	122 000	65 000	95 000	160 000
Total Assets	122 000	65 000	95 000	160 000
Total Retained Equity	50 000	22 000	18 000	6 000
Total Equity	80 000	52 000	48 000	36 000
Total Long-Term Debt	0	0	0	0
Total Current Debt	42 000	13 000	47 000	124 000
Total Equity and Debt	122 000	65 000	95 000	160 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	73 000	0	16 000	0
Other Income	0	0	32 000	190 000
Revenue	73 000	0	48 000	190 000
Cost of Goods Sold	32 000	0	46 000	2 000
Salary Costs	0	0	0	0
Depreciation	0	0	0	0
Impairment	0	0	0	0
Expenditure	33 000	−5 000	32 000	184 000
Operating Profit	41 000	5 000	16 000	7 000
Financial Income	3 000	3 000	0	0
Financial Costs	7 000	0	0	0
Financial Balance	−4 000	3 000	0	0
Dividends	0	0	0	0
Net Income	28 000	4 000	13 000	5 000

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	0	0	0
Total Fixed Assets	0	0	0	0
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	8 000	4 000	27 000	122 000
Total Current Assets	122 000	65 000	95 000	160 000
Total Assets	122 000	65 000	95 000	160 000
Total Equity	80 000	52 000	48 000	36 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	0	0	0	0
Creditors	32 000	7 000	9 000	0
Unpaid Taxes	0	0	0	0
Dividends	0	0	0	0
Other Current Debt	2 000	4 000	34 000	123 000
Total Current Debt	42 000	13 000	47 000	124 000
Total Equity and Debt	122 000	65 000	95 000	160 000

Financial indicators	2022	2021	2020	2019
Return on Equity	35 %	7,69 %	27,08 %	13,89 %
Debt-to-Equity Ratio	0	0	0	0
Operating Profit Margin	56,16 %	-	33,33 %	3,68 %
Current Ratio	2,9	5	2,02	1,29
Quick Ratio	2,9	5	2,02	1,29
Equity Ratio	0,66	0,8	0,51	0,23
Gross Profit Margin	56,16 %	-	4,17 %	98,95 %