CLEAN SEA SOLUTIONS AS

7011 TRONDHEIM

Finances

Share Ownership

Return on Equity

28,32 %

Current Ratio

−416

Debt-to-Equity Ratio

0,88

Key figures (NOK)	2022	2021	2020	2019
Revenue	5 990 000	2 571 000	300 000	899 000
Net Income	224 000	−87 000	−1 041 000	243 000
Total Assets	1 488 000	68 000	226 000	567 000
Total Equity	791 000	−34 000	−698 000	343 000

Income (NOK)	2022	2021	2020	2019
Revenue	5 990 000	2 571 000	300 000	899 000
Expenditure	5 767 000	2 743 000	1 164 000	660 000
Operating Profit	224 000	−172 000	−863 000	240 000
Financial Income	0	0	0	0
Financial Costs	0	0	71 000	2 000
Financial Balance	0	0	−71 000	−2 000
Earnings Before Tax	224 000	−172 000	−934 000	238 000
Tax	0	0	107 000	−5 000
Net Income	224 000	−87 000	−1 041 000	243 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	240 000	51 000	63 000	448 000
Total Current Assets	1 248 000	17 000	163 000	119 000
Total Assets	1 488 000	68 000	226 000	567 000
Total Retained Equity	−489 000	−815 000	−728 000	313 000
Total Equity	791 000	−34 000	−698 000	343 000
Total Long-Term Debt	700 000	102 000	722 000	0
Total Current Debt	−3 000	0	202 000	224 000
Total Equity and Debt	1 488 000	68 000	226 000	567 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	964 000	633 000	0	149 000
Other Income	5 026 000	1 938 000	300 000	750 000
Revenue	5 990 000	2 571 000	300 000	899 000
Cost of Goods Sold	4 507 000	1 717 000	282 000	0
Salary Costs	172 000	0	0	0
Depreciation	51 000	13 000	16 000	20 000
Impairment	0	0	0	0
Expenditure	5 767 000	2 743 000	1 164 000	660 000
Operating Profit	224 000	−172 000	−863 000	240 000
Financial Income	0	0	0	0
Financial Costs	0	0	71 000	2 000
Financial Balance	0	0	−71 000	−2 000
Dividends	0	0	0	0
Net Income	224 000	−87 000	−1 041 000	243 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	51 000	63 000	79 000
Total Intangible Assets	240 000	51 000	63 000	84 000
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	0	364 000
Total Fixed Assets	240 000	51 000	63 000	448 000
Stock	500 000	0	0	0
Total Investments	0	0	0	0
Cash, Bank	74 000	17 000	113 000	69 000
Total Current Assets	1 248 000	17 000	163 000	119 000
Total Assets	1 488 000	68 000	226 000	567 000
Total Equity	791 000	−34 000	−698 000	343 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	700 000	102 000	722 000	0
Creditors	−60 000	0	202 000	224 000
Unpaid Taxes	41 000	0	0	0
Dividends	0	0	0	0
Other Current Debt	16 000	0	0	0
Total Current Debt	−3 000	0	202 000	224 000
Total Equity and Debt	1 488 000	68 000	226 000	567 000

Financial indicators	2022	2021	2020	2019
Return on Equity	28,32 %	255,88 %	149,14 %	70,85 %
Debt-to-Equity Ratio	0,88	−3	−1,03	0
Operating Profit Margin	3,74 %	−6,69 %	−287,67 %	26,7 %
Current Ratio	−416	-	0,81	0,53
Quick Ratio	−2,48	-	0,81	0,53
Equity Ratio	0,53	−0,5	−3,09	0,6
Gross Profit Margin	24,76 %	33,22 %	6 %	100 %