SEA TECHNOLOGY AS

6700 MÅLØY

Finances

Return on Equity

348,7 %

Current Ratio

2,11

Debt-to-Equity Ratio

11,63

Key figures (NOK)	2022	2021	2020	2019
Revenue	4 243 000	3 932 000	2 096 000	1 100 000
Net Income	2 943 000	−11 000	−1 131 000	−957 000
Total Assets	14 782 000	8 505 000	1 053 000	1 055 000
Total Equity	844 000	−1 099 000	−1 087 000	43 000

Income (NOK)	2022	2021	2020	2019
Revenue	4 243 000	3 932 000	2 096 000	1 100 000
Expenditure	5 282 000	3 883 000	3 227 000	2 049 000
Operating Profit	−1 039 000	47 000	−1 131 000	−948 000
Financial Income	5 379 000	1 000	0	0
Financial Costs	1 057 000	60 000	0	8 000
Financial Balance	4 322 000	−59 000	0	−8 000
Earnings Before Tax	3 282 000	−11 000	−1 131 000	−957 000
Tax	339 000	0	0	0
Net Income	2 943 000	−11 000	−1 131 000	−957 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	6 093 000	5 675 000	96 000	147 000
Total Current Assets	8 689 000	2 830 000	957 000	907 000
Total Assets	14 782 000	8 505 000	1 053 000	1 055 000
Total Retained Equity	794 000	−1 149 000	−1 137 000	−7 000
Total Equity	844 000	−1 099 000	−1 087 000	43 000
Total Long-Term Debt	9 819 000	8 758 000	1 658 000	508 000
Total Current Debt	4 120 000	846 000	482 000	503 000
Total Equity and Debt	14 782 000	8 505 000	1 053 000	1 055 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	4 243 000	3 932 000	2 096 000	1 100 000
Other Income	0	0	0	0
Revenue	4 243 000	3 932 000	2 096 000	1 100 000
Cost of Goods Sold	753 000	844 000	411 000	242 000
Salary Costs	3 833 000	2 600 000	2 415 000	1 437 000
Depreciation	45 000	51 000	51 000	6 000
Impairment	0	0	0	0
Expenditure	5 282 000	3 883 000	3 227 000	2 049 000
Operating Profit	−1 039 000	47 000	−1 131 000	−948 000
Financial Income	5 379 000	1 000	0	0
Financial Costs	1 057 000	60 000	0	8 000
Financial Balance	4 322 000	−59 000	0	−8 000
Dividends	1 000 000	0	0	0
Net Income	2 943 000	−11 000	−1 131 000	−957 000

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	0	45 000	96 000	147 000
Total Tangible Assets	0	45 000	96 000	147 000
Total Fiancial Fixed Assets	6 093 000	5 630 000	0	0
Total Fixed Assets	6 093 000	5 675 000	96 000	147 000
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	461 000	376 000	82 000	708 000
Total Current Assets	8 689 000	2 830 000	957 000	907 000
Total Assets	14 782 000	8 505 000	1 053 000	1 055 000
Total Equity	844 000	−1 099 000	−1 087 000	43 000
Short-Term Group Debt	1 542 000	0	0	0
Total Long-Term Debt	9 819 000	8 758 000	1 658 000	508 000
Creditors	684 000	229 000	61 000	117 000
Unpaid Taxes	481 000	255 000	166 000	236 000
Dividends	1 000 000	0	0	0
Other Current Debt	412 000	362 000	255 000	150 000
Total Current Debt	4 120 000	846 000	482 000	503 000
Total Equity and Debt	14 782 000	8 505 000	1 053 000	1 055 000

Financial indicators	2022	2021	2020	2019
Return on Equity	348,7 %	1 %	104,05 %	−2 225,58 %
Debt-to-Equity Ratio	11,63	−7,97	−1,53	11,81
Operating Profit Margin	−24,49 %	1,2 %	−53,96 %	−86,18 %
Current Ratio	2,11	3,35	1,99	1,8
Quick Ratio	2,11	3,35	1,99	1,8
Equity Ratio	0,06	−0,13	−1,03	0,04
Gross Profit Margin	82,25 %	78,54 %	80,39 %	78 %