SEADRIVE AS

3172 VEAR

Finances

Share Ownership

Return on Equity

−166,18 %

Current Ratio

1,46

Debt-to-Equity Ratio

1,56

Key figures (NOK)	2022	2021	2020	2019
Revenue	6 118 000	2 750 000	1 153 000	2 016 000
Net Income	−11 513 000	−2 081 000	−255 000	90 000
Total Assets	20 682 000	23 391 000	16 093 000	7 426 000
Total Equity	6 928 000	14 144 000	10 265 000	4 271 000

Income (NOK)	2022	2021	2020	2019
Revenue	6 118 000	2 750 000	1 153 000	2 016 000
Expenditure	16 957 000	4 963 000	1 302 000	1 801 000
Operating Profit	−10 840 000	−2 213 000	−150 000	215 000
Financial Income	44 000	11 000	3 000	0
Financial Costs	718 000	255 000	181 000	99 000
Financial Balance	−674 000	−244 000	−178 000	−99 000
Earnings Before Tax	−11 513 000	−2 457 000	−328 000	116 000
Tax	0	−376 000	−72 000	26 000
Net Income	−11 513 000	−2 081 000	−255 000	90 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	16 338 000	13 376 000	9 893 000	4 990 000
Total Current Assets	4 343 000	10 015 000	6 201 000	2 435 000
Total Assets	20 682 000	23 391 000	16 093 000	7 426 000
Total Retained Equity	−14 159 000	−2 646 000	−565 000	−309 000
Total Equity	6 928 000	14 144 000	10 265 000	4 271 000
Total Long-Term Debt	10 774 000	6 294 000	3 489 000	448 000
Total Current Debt	2 980 000	2 953 000	2 339 000	2 706 000
Total Equity and Debt	20 682 000	23 391 000	16 093 000	7 426 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	6 108 000	1 825 000	1 153 000	2 016 000
Other Income	10 000	925 000	0	0
Revenue	6 118 000	2 750 000	1 153 000	2 016 000
Cost of Goods Sold	12 443 000	1 600 000	145 000	639 000
Salary Costs	332 000	1 724 000	390 000	383 000
Depreciation	963 000	4 000	6 000	5 000
Impairment	0	0	0	0
Expenditure	16 957 000	4 963 000	1 302 000	1 801 000
Operating Profit	−10 840 000	−2 213 000	−150 000	215 000
Financial Income	44 000	11 000	3 000	0
Financial Costs	718 000	255 000	181 000	99 000
Financial Balance	−674 000	−244 000	−178 000	−99 000
Dividends	0	0	0	0
Net Income	−11 513 000	−2 081 000	−255 000	90 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	16 132 000	12 808 000	9 423 000	4 793 000
Real Eastate	0	0	0	0
Machinery and Plant Facilities	0	0	0	0
Fixtures	16 000	20 000	25 000	18 000
Total Tangible Assets	16 000	20 000	25 000	18 000
Total Fiancial Fixed Assets	190 000	548 000	445 000	179 000
Total Fixed Assets	16 338 000	13 376 000	9 893 000	4 990 000
Stock	1 169 000	7 020 000	4 820 000	1 647 000
Total Investments	0	0	0	0
Cash, Bank	272 000	101 000	1 091 000	100 000
Total Current Assets	4 343 000	10 015 000	6 201 000	2 435 000
Total Assets	20 682 000	23 391 000	16 093 000	7 426 000
Total Equity	6 928 000	14 144 000	10 265 000	4 271 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	10 774 000	6 294 000	3 489 000	448 000
Creditors	1 149 000	1 351 000	689 000	881 000
Unpaid Taxes	554 000	499 000	278 000	120 000
Dividends	0	0	0	0
Other Current Debt	1 278 000	1 103 000	386 000	676 000
Total Current Debt	2 980 000	2 953 000	2 339 000	2 706 000
Total Equity and Debt	20 682 000	23 391 000	16 093 000	7 426 000

Financial indicators	2022	2021	2020	2019
Return on Equity	−166,18 %	−14,71 %	−2,48 %	2,11 %
Debt-to-Equity Ratio	1,56	0,44	0,34	0,1
Operating Profit Margin	−177,18 %	−80,47 %	−13,01 %	10,66 %
Current Ratio	1,46	3,39	2,65	0,9
Quick Ratio	2,4	−2,46	−2,5	2,3
Equity Ratio	0,33	0,6	0,64	0,58
Gross Profit Margin	−103,38 %	41,82 %	87,42 %	68,3 %