URBAN SEA AS

4005 STAVANGER

Finances

Share Ownership

Return on Equity

−10,9 %

Current Ratio

0,13

Debt-to-Equity Ratio

4,06

Key figures (NOK)	2022	2021	2020	2019
Revenue	4 244 000	2 464 000	480 000	0
Net Income	−689 000	−1 378 000	−1 117 000	−215 000
Total Assets	45 656 000	46 257 000	64 990 000	108 613 000
Total Equity	6 323 000	7 013 000	8 467 000	9 584 000

Income (NOK)	2022	2021	2020	2019
Revenue	4 244 000	2 464 000	480 000	0
Expenditure	3 329 000	2 389 000	1 308 000	215 000
Operating Profit	915 000	76 000	−828 000	−215 000
Financial Income	24 000	6 000	2 000	0
Financial Costs	1 628 000	1 460 000	291 000	0
Financial Balance	−1 604 000	−1 454 000	−289 000	0
Earnings Before Tax	−689 000	−1 378 000	−1 117 000	−215 000
Tax	0	0	0	0
Net Income	−689 000	−1 378 000	−1 117 000	−215 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	43 916 000	45 566 000	62 017 000	73 684 000
Total Current Assets	1 740 000	691 000	2 973 000	34 930 000
Total Assets	45 656 000	46 257 000	64 990 000	108 613 000
Total Retained Equity	0	0	0	−355 000
Total Equity	6 323 000	7 013 000	8 467 000	9 584 000
Total Long-Term Debt	25 675 000	19 242 000	30 000 000	0
Total Current Debt	13 658 000	20 003 000	26 523 000	99 029 000
Total Equity and Debt	45 656 000	46 257 000	64 990 000	108 613 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	4 244 000	2 464 000	480 000	0
Other Income	0	0	0	0
Revenue	4 244 000	2 464 000	480 000	0
Cost of Goods Sold	0	0	0	0
Salary Costs	0	0	0	0
Depreciation	1 650 000	1 545 000	102 000	0
Impairment	0	0	0	0
Expenditure	3 329 000	2 389 000	1 308 000	215 000
Operating Profit	915 000	76 000	−828 000	−215 000
Financial Income	24 000	6 000	2 000	0
Financial Costs	1 628 000	1 460 000	291 000	0
Financial Balance	−1 604 000	−1 454 000	−289 000	0
Dividends	0	0	0	0
Net Income	−689 000	−1 378 000	−1 117 000	−215 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	0	0	0	0
Real Eastate	43 502 000	45 010 000	61 074 000	73 684 000
Machinery and Plant Facilities	0	0	0	0
Fixtures	414 000	555 000	904 000	0
Total Tangible Assets	43 916 000	45 566 000	61 978 000	73 684 000
Total Fiancial Fixed Assets	0	0	39 000	0
Total Fixed Assets	43 916 000	45 566 000	62 017 000	73 684 000
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	643 000	237 000	62 000	131 000
Total Current Assets	1 740 000	691 000	2 973 000	34 930 000
Total Assets	45 656 000	46 257 000	64 990 000	108 613 000
Total Equity	6 323 000	7 013 000	8 467 000	9 584 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	25 675 000	19 242 000	30 000 000	0
Creditors	52 000	0	6 485 000	1 400 000
Unpaid Taxes	0	0	0	0
Dividends	0	0	0	0
Other Current Debt	13 606 000	20 003 000	20 037 000	97 628 000
Total Current Debt	13 658 000	20 003 000	26 523 000	99 029 000
Total Equity and Debt	45 656 000	46 257 000	64 990 000	108 613 000

Financial indicators	2022	2021	2020	2019
Return on Equity	−10,9 %	−19,65 %	−13,19 %	−2,24 %
Debt-to-Equity Ratio	4,06	2,74	3,54	0
Operating Profit Margin	21,56 %	3,08 %	−172,5 %	-
Current Ratio	0,13	0,03	0,11	0,35
Quick Ratio	0,13	0,03	0,11	0,35
Equity Ratio	0,14	0,15	0,13	0,09
Gross Profit Margin	100 %	100 %	100 %	-