NORWEGIAN SEAWEED PRODUCTION AS

6905 FLORØ

Finances

Share Ownership

Return on Equity

−48,43 %

Current Ratio

N/A

Debt-to-Equity Ratio

Key figures (NOK)	2022	2021	2020	2019
Revenue	4 000	68 000	219 000	371 000
Net Income	−633 000	−7 207 000	284 000	−1 174 000
Total Assets	1 307 000	3 627 000	9 941 000	9 757 000
Total Equity	1 307 000	1 940 000	9 147 000	8 863 000

Income (NOK)	2022	2021	2020	2019
Revenue	4 000	68 000	219 000	371 000
Expenditure	494 000	6 829 000	184 000	1 540 000
Operating Profit	−489 000	−6 761 000	36 000	−1 169 000
Financial Income	4 000	3 000	251 000	0
Financial Costs	148 000	449 000	2 000	5 000
Financial Balance	−144 000	−446 000	249 000	−5 000
Earnings Before Tax	−633 000	−7 207 000	284 000	−1 174 000
Tax	0	0	0	0
Net Income	−633 000	−7 207 000	284 000	−1 174 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	257 000	721 000	9 216 000	8 825 000
Total Current Assets	1 050 000	2 906 000	725 000	932 000
Total Assets	1 307 000	3 627 000	9 941 000	9 757 000
Total Retained Equity	−9 420 000	−8 787 000	−1 580 000	−1 863 000
Total Equity	1 307 000	1 940 000	9 147 000	8 863 000
Total Long-Term Debt	0	1 138 000	727 000	0
Total Current Debt	0	549 000	68 000	894 000
Total Equity and Debt	1 307 000	3 627 000	9 941 000	9 757 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	0	0	0	0
Other Income	4 000	68 000	219 000	371 000
Revenue	4 000	68 000	219 000	371 000
Cost of Goods Sold	0	0	0	0
Salary Costs	0	0	0	−24 000
Depreciation	207 000	141 000	91 000	74 000
Impairment	257 000	0	0	0
Expenditure	494 000	6 829 000	184 000	1 540 000
Operating Profit	−489 000	−6 761 000	36 000	−1 169 000
Financial Income	4 000	3 000	251 000	0
Financial Costs	148 000	449 000	2 000	5 000
Financial Balance	−144 000	−446 000	249 000	−5 000
Dividends	0	0	0	0
Net Income	−633 000	−7 207 000	284 000	−1 174 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	257 000	721 000	506 000	352 000
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	8 710 000	8 474 000
Total Fixed Assets	257 000	721 000	9 216 000	8 825 000
Stock	0	0	0	460 000
Total Investments	0	0	0	0
Cash, Bank	1 035 000	35 000	34 000	38 000
Total Current Assets	1 050 000	2 906 000	725 000	932 000
Total Assets	1 307 000	3 627 000	9 941 000	9 757 000
Total Equity	1 307 000	1 940 000	9 147 000	8 863 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	0	1 138 000	727 000	0
Creditors	0	285 000	45 000	867 000
Unpaid Taxes	0	0	23 000	0
Dividends	0	0	0	0
Other Current Debt	0	264 000	0	27 000
Total Current Debt	0	549 000	68 000	894 000
Total Equity and Debt	1 307 000	3 627 000	9 941 000	9 757 000

Financial indicators	2022	2021	2020	2019
Return on Equity	−48,43 %	−371,49 %	3,1 %	−13,25 %
Debt-to-Equity Ratio	0	0,59	0,08	0
Operating Profit Margin	−12 225 %	−9 942,65 %	16,44 %	−315,09 %
Current Ratio	-	5,29	10,66	1,04
Quick Ratio	-	5,29	10,66	2,15
Equity Ratio	1	0,53	0,92	0,91
Gross Profit Margin	100 %	100 %	100 %	100 %