SEARAS AS

5006 BERGEN

Finances

Share Ownership

Return on Equity

−140,15 %

Current Ratio

0,92

Debt-to-Equity Ratio

1,62

Key figures (NOK)	2022	2021	2020	2019
Revenue	3 760 000	2 170 000	400 000	201 000
Net Income	−4 510 000	−1 555 000	−3 625 000	−141 000
Total Assets	10 776 000	13 486 000	4 249 000	2 500 000
Total Equity	3 218 000	7 728 000	−2 779 000	818 000

Income (NOK)	2022	2021	2020	2019
Revenue	3 760 000	2 170 000	400 000	201 000
Expenditure	8 039 000	3 417 000	3 844 000	301 000
Operating Profit	−4 279 000	−1 247 000	−3 444 000	−99 000
Financial Income	55 000	4 000	0	0
Financial Costs	286 000	312 000	182 000	42 000
Financial Balance	−231 000	−308 000	−182 000	−42 000
Earnings Before Tax	−4 510 000	−1 555 000	−3 625 000	−141 000
Tax	0	0	0	0
Net Income	−4 510 000	−1 555 000	−3 625 000	−141 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	8 611 000	3 841 000	1 351 000	2 414 000
Total Current Assets	2 165 000	9 645 000	2 898 000	86 000
Total Assets	10 776 000	13 486 000	4 249 000	2 500 000
Total Retained Equity	0	−4 420 000	−2 865 000	−242 000
Total Equity	3 218 000	7 728 000	−2 779 000	818 000
Total Long-Term Debt	5 204 000	3 984 000	6 095 000	1 664 000
Total Current Debt	2 354 000	1 774 000	933 000	18 000
Total Equity and Debt	10 776 000	13 486 000	4 249 000	2 500 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	3 685 000	2 070 000	400 000	201 000
Other Income	75 000	100 000	0	0
Revenue	3 760 000	2 170 000	400 000	201 000
Cost of Goods Sold	959 000	2 000	1 000	0
Salary Costs	1 891 000	2 018 000	1 747 000	11 000
Depreciation	803 000	326 000	258 000	177 000
Impairment	0	0	1 077 000	0
Expenditure	8 039 000	3 417 000	3 844 000	301 000
Operating Profit	−4 279 000	−1 247 000	−3 444 000	−99 000
Financial Income	55 000	4 000	0	0
Financial Costs	286 000	312 000	182 000	42 000
Financial Balance	−231 000	−308 000	−182 000	−42 000
Dividends	0	0	0	0
Net Income	−4 510 000	−1 555 000	−3 625 000	−141 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	7 059 000	2 579 000	498 000	1 303 000
Real Eastate	0	0	0	0
Machinery and Plant Facilities	1 552 000	1 262 000	854 000	1 111 000
Fixtures	0	0	0	0
Total Tangible Assets	1 552 000	1 262 000	854 000	1 111 000
Total Fiancial Fixed Assets	0	0	0	0
Total Fixed Assets	8 611 000	3 841 000	1 351 000	2 414 000
Stock	285 000	277 000	0	0
Total Investments	0	0	0	0
Cash, Bank	54 000	8 448 000	414 000	63 000
Total Current Assets	2 165 000	9 645 000	2 898 000	86 000
Total Assets	10 776 000	13 486 000	4 249 000	2 500 000
Total Equity	3 218 000	7 728 000	−2 779 000	818 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	5 204 000	3 984 000	6 095 000	1 664 000
Creditors	647 000	518 000	252 000	7 000
Unpaid Taxes	165 000	388 000	181 000	0
Dividends	0	0	0	0
Other Current Debt	1 541 000	867 000	500 000	12 000
Total Current Debt	2 354 000	1 774 000	933 000	18 000
Total Equity and Debt	10 776 000	13 486 000	4 249 000	2 500 000

Financial indicators	2022	2021	2020	2019
Return on Equity	−140,15 %	−20,12 %	130,44 %	−17,24 %
Debt-to-Equity Ratio	1,62	0,52	−2,19	2,03
Operating Profit Margin	−113,8 %	−57,47 %	−861 %	−49,25 %
Current Ratio	0,92	5,44	3,11	4,78
Quick Ratio	1,05	6,44	3,11	4,78
Equity Ratio	0,3	0,57	−0,65	0,33
Gross Profit Margin	74,49 %	99,91 %	99,75 %	100 %