SELTECH GROUP AS

3132 HUSØYSUND

Finances

Return on Equity

−13,22 %

Current Ratio

1,46

Debt-to-Equity Ratio

−0,03

Key figures (NOK)	2022	2021	2020	2019
Revenue	517 000	1 000	0	28 000
Net Income	−16 000	−26 000	−97 000	15 000
Total Assets	332 000	25 000	179 000	26 000
Total Equity	121 000	37 000	180 000	30 000

Income (NOK)	2022	2021	2020	2019
Revenue	517 000	1 000	0	28 000
Expenditure	512 000	24 000	97 000	13 000
Operating Profit	4 000	−23 000	−97 000	15 000
Financial Income	0	0	0	0
Financial Costs	3 000	3 000	0	0
Financial Balance	−3 000	−3 000	0	0
Earnings Before Tax	2 000	−26 000	−97 000	15 000
Tax	1 000	0	0	0
Net Income	−16 000	−26 000	−97 000	15 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	19 000	0	0	0
Total Current Assets	313 000	25 000	179 000	26 000
Total Assets	332 000	25 000	179 000	26 000
Total Retained Equity	21 000	7 000	0	0
Total Equity	121 000	37 000	180 000	30 000
Total Long-Term Debt	−4 000	−12 000	0	0
Total Current Debt	215 000	0	−1 000	0
Total Equity and Debt	332 000	25 000	179 000	30 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	517 000	1 000	0	28 000
Other Income	0	0	0	0
Revenue	517 000	1 000	0	28 000
Cost of Goods Sold	12 000	0	0	0
Salary Costs	398 000	0	0	0
Depreciation	0	0	0	0
Impairment	0	0	0	0
Expenditure	512 000	24 000	97 000	13 000
Operating Profit	4 000	−23 000	−97 000	15 000
Financial Income	0	0	0	0
Financial Costs	3 000	3 000	0	0
Financial Balance	−3 000	−3 000	0	0
Dividends	0	0	0	0
Net Income	−16 000	−26 000	−97 000	15 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	0	0	0	0
Real Eastate	0	0	0	0
Machinery and Plant Facilities	0	0	0	0
Fixtures	2 000	0	0	0
Total Tangible Assets	2 000	0	0	0
Total Fiancial Fixed Assets	17 000	0	0	0
Total Fixed Assets	19 000	0	0	0
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	172 000	25 000	179 000	26 000
Total Current Assets	313 000	25 000	179 000	26 000
Total Assets	332 000	25 000	179 000	26 000
Total Equity	121 000	37 000	180 000	30 000
Short-Term Group Debt	0	0	−1 000	0
Total Long-Term Debt	−4 000	−12 000	0	0
Creditors	16 000	0	0	0
Unpaid Taxes	57 000	0	0	0
Dividends	0	0	0	0
Other Current Debt	148 000	0	0	0
Total Current Debt	215 000	0	−1 000	0
Total Equity and Debt	332 000	25 000	179 000	30 000

Financial indicators	2022	2021	2020	2019
Return on Equity	−13,22 %	−70,27 %	−53,89 %	50 %
Debt-to-Equity Ratio	−0,03	−0,32	0	0
Operating Profit Margin	0,77 %	−2 300 %	-	53,57 %
Current Ratio	1,46	-	−179	-
Quick Ratio	1,46	-	−179	-
Equity Ratio	0,36	1,48	1,01	1,15
Gross Profit Margin	97,68 %	100 %	-	100 %