SEAFARMING SYSTEMS AS

4033 STAVANGER

Finances

Share Ownership

Return on Equity

86,97 %

Current Ratio

2,08

Debt-to-Equity Ratio

Key figures (NOK)	2022	2021	2020	2019
Revenue	52 261 000	14 062 000	10 611 000	33 516 000
Net Income	13 714 000	1 828 000	−16 000	371 000
Total Assets	30 406 000	5 489 000	1 227 000	23 306 000
Total Equity	15 769 000	2 055 000	227 000	243 000

Income (NOK)	2022	2021	2020	2019
Revenue	52 261 000	14 062 000	10 611 000	33 516 000
Expenditure	35 130 000	11 715 000	10 643 000	33 102 000
Operating Profit	17 131 000	2 346 000	−32 000	414 000
Financial Income	342 000	5 000	17 000	0
Financial Costs	5 000	8 000	1 000	0
Financial Balance	337 000	−3 000	16 000	0
Earnings Before Tax	17 468 000	2 343 000	−15 000	415 000
Tax	3 754 000	516 000	1 000	44 000
Net Income	13 714 000	1 828 000	−16 000	371 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	0	0	0	0
Total Current Assets	30 406 000	5 489 000	1 227 000	23 306 000
Total Assets	30 406 000	5 489 000	1 227 000	23 306 000
Total Retained Equity	15 751 000	2 037 000	209 000	225 000
Total Equity	15 769 000	2 055 000	227 000	243 000
Total Long-Term Debt	0	0	0	0
Total Current Debt	14 637 000	3 434 000	1 000 000	23 062 000
Total Equity and Debt	30 406 000	5 489 000	1 227 000	23 306 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	42 261 000	14 062 000	10 611 000	33 516 000
Other Income	10 000 000	0	0	0
Revenue	52 261 000	14 062 000	10 611 000	33 516 000
Cost of Goods Sold	15 792 000	8 966 000	10 545 000	11 470 000
Salary Costs	447 000	0	0	0
Depreciation	0	0	0	0
Impairment	0	0	0	0
Expenditure	35 130 000	11 715 000	10 643 000	33 102 000
Operating Profit	17 131 000	2 346 000	−32 000	414 000
Financial Income	342 000	5 000	17 000	0
Financial Costs	5 000	8 000	1 000	0
Financial Balance	337 000	−3 000	16 000	0
Dividends	0	0	0	0
Net Income	13 714 000	1 828 000	−16 000	371 000

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	25 667 000	3 052 000	360 000	1 440 000
Total Current Assets	30 406 000	5 489 000	1 227 000	23 306 000
Total Assets	30 406 000	5 489 000	1 227 000	23 306 000
Total Equity	15 769 000	2 055 000	227 000	243 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	0	0	0	0
Creditors	745 000	2 918 000	381 000	2 416 000
Unpaid Taxes	343 000	0	67 000	103 000
Dividends	0	0	0	0
Other Current Debt	9 796 000	0	551 000	20 500 000
Total Current Debt	14 637 000	3 434 000	1 000 000	23 062 000
Total Equity and Debt	30 406 000	5 489 000	1 227 000	23 306 000

Financial indicators	2022	2021	2020	2019
Return on Equity	86,97 %	88,95 %	−7,05 %	152,67 %
Debt-to-Equity Ratio	0	0	0	0
Operating Profit Margin	32,78 %	16,68 %	−0,3 %	1,24 %
Current Ratio	2,08	1,6	1,23	1,01
Quick Ratio	2,08	1,6	1,23	1,01
Equity Ratio	0,52	0,37	0,19	0,01
Gross Profit Margin	69,78 %	36,24 %	0,62 %	65,78 %