SMART SEAWEED SOLUTIONS AS

5314 KJERRGARDEN

Finances

Share Ownership

Return on Equity

125,14 %

Current Ratio

N/A

Debt-to-Equity Ratio

−1,26

Key figures (NOK)	2022	2021	2020	2019
Revenue	36 000	0	338 000	70 000
Net Income	−687 000	−58 000	202 000	−39 000
Total Assets	144 000	298 000	438 000	60 000
Total Equity	−549 000	84 000	192 000	−9 000

Income (NOK)	2022	2021	2020	2019
Revenue	36 000	0	338 000	70 000
Expenditure	724 000	60 000	90 000	110 000
Operating Profit	−687 000	−61 000	247 000	−39 000
Financial Income	0	0	0	0
Financial Costs	0	0	0	0
Financial Balance	0	0	0	0
Earnings Before Tax	−687 000	−61 000	248 000	−39 000
Tax	0	−2 000	46 000	0
Net Income	−687 000	−58 000	202 000	−39 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	107 000	106 000	120 000	60 000
Total Current Assets	37 000	192 000	318 000	0
Total Assets	144 000	298 000	438 000	60 000
Total Retained Equity	−629 000	54 000	162 000	−39 000
Total Equity	−549 000	84 000	192 000	−9 000
Total Long-Term Debt	693 000	200 000	202 000	55 000
Total Current Debt	0	14 000	44 000	14 000
Total Equity and Debt	144 000	298 000	438 000	60 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	0	0	38 000	70 000
Other Income	36 000	0	300 000	0
Revenue	36 000	0	338 000	70 000
Cost of Goods Sold	599 000	22 000	8 000	0
Salary Costs	0	0	0	0
Depreciation	14 000	14 000	11 000	0
Impairment	0	0	0	0
Expenditure	724 000	60 000	90 000	110 000
Operating Profit	−687 000	−61 000	247 000	−39 000
Financial Income	0	0	0	0
Financial Costs	0	0	0	0
Financial Balance	0	0	0	0
Dividends	0	0	0	0
Net Income	−687 000	−58 000	202 000	−39 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	60 000	60 000	60 000	60 000
Real Eastate	0	0	0	0
Machinery and Plant Facilities	0	0	0	0
Fixtures	32 000	46 000	61 000	0
Total Tangible Assets	32 000	46 000	61 000	0
Total Fiancial Fixed Assets	15 000	0	0	0
Total Fixed Assets	107 000	106 000	120 000	60 000
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	37 000	191 000	280 000	0
Total Current Assets	37 000	192 000	318 000	0
Total Assets	144 000	298 000	438 000	60 000
Total Equity	−549 000	84 000	192 000	−9 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	693 000	200 000	202 000	55 000
Creditors	0	14 000	0	0
Unpaid Taxes	0	0	0	0
Dividends	0	0	0	0
Other Current Debt	0	0	0	14 000
Total Current Debt	0	14 000	44 000	14 000
Total Equity and Debt	144 000	298 000	438 000	60 000

Financial indicators	2022	2021	2020	2019
Return on Equity	125,14 %	−69,05 %	105,21 %	433,33 %
Debt-to-Equity Ratio	−1,26	2,38	1,05	−6,11
Operating Profit Margin	−1 908,33 %	-	73,08 %	−55,71 %
Current Ratio	-	13,71	7,23	0
Quick Ratio	-	13,71	7,23	0
Equity Ratio	−3,81	0,28	0,44	−0,15
Gross Profit Margin	−1 563,89 %	-	97,63 %	100 %