WORLD SEA EXPLORERS AS

9311 BRØSTADBOTN

Finances

Share Ownership

Return on Equity

−42,43 %

Current Ratio

0,03

Debt-to-Equity Ratio

−2,5

Key figures (NOK)	2022	2021	2020	2019
Revenue	2 589 000	2 171 000	1 214 000	409 000
Net Income	384 000	−296 000	−802 000	−590 000
Total Assets	4 419 000	5 400 000	5 412 000	6 053 000
Total Equity	−905 000	−1 289 000	−993 000	−190 000

Income (NOK)	2022	2021	2020	2019
Revenue	2 589 000	2 171 000	1 214 000	409 000
Expenditure	2 205 000	1 988 000	1 575 000	853 000
Operating Profit	385 000	183 000	−360 000	−445 000
Financial Income	148 000	0	0	0
Financial Costs	539 000	480 000	442 000	145 000
Financial Balance	−391 000	−480 000	−442 000	−145 000
Earnings Before Tax	−6 000	−296 000	−802 000	−590 000
Tax	−390 000	0	0	0
Net Income	384 000	−296 000	−802 000	−590 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	4 334 000	5 506 000	5 797 000	5 909 000
Total Current Assets	85 000	−106 000	−385 000	144 000
Total Assets	4 419 000	5 400 000	5 412 000	6 053 000
Total Retained Equity	−1 305 000	−1 689 000	−1 393 000	−590 000
Total Equity	−905 000	−1 289 000	−993 000	−190 000
Total Long-Term Debt	2 267 000	3 960 000	0	5 699 000
Total Current Debt	3 057 000	2 729 000	6 404 000	544 000
Total Equity and Debt	4 419 000	5 400 000	5 412 000	6 053 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	2 288 000	1 615 000	705 000	357 000
Other Income	301 000	556 000	509 000	52 000
Revenue	2 589 000	2 171 000	1 214 000	409 000
Cost of Goods Sold	158 000	210 000	102 000	13 000
Salary Costs	400 000	518 000	50 000	176 000
Depreciation	237 000	311 000	304 000	101 000
Impairment	0	0	0	0
Expenditure	2 205 000	1 988 000	1 575 000	853 000
Operating Profit	385 000	183 000	−360 000	−445 000
Financial Income	148 000	0	0	0
Financial Costs	539 000	480 000	442 000	145 000
Financial Balance	−391 000	−480 000	−442 000	−145 000
Dividends	0	0	0	0
Net Income	384 000	−296 000	−802 000	−590 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	390 000	0	0	0
Real Eastate	0	0	0	0
Machinery and Plant Facilities	0	0	0	0
Fixtures	15 000	19 000	0	0
Total Tangible Assets	3 943 000	5 502 000	5 793 000	5 909 000
Total Fiancial Fixed Assets	0	4 000	4 000	0
Total Fixed Assets	4 334 000	5 506 000	5 797 000	5 909 000
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	0	−331 000	−634 000	22 000
Total Current Assets	85 000	−106 000	−385 000	144 000
Total Assets	4 419 000	5 400 000	5 412 000	6 053 000
Total Equity	−905 000	−1 289 000	−993 000	−190 000
Short-Term Group Debt	0	0	39 000	0
Total Long-Term Debt	2 267 000	3 960 000	0	5 699 000
Creditors	476 000	517 000	521 000	154 000
Unpaid Taxes	−8 000	88 000	−59 000	14 000
Dividends	0	0	0	0
Other Current Debt	779 000	436 000	264 000	377 000
Total Current Debt	3 057 000	2 729 000	6 404 000	544 000
Total Equity and Debt	4 419 000	5 400 000	5 412 000	6 053 000

Financial indicators	2022	2021	2020	2019
Return on Equity	−42,43 %	22,96 %	80,77 %	310,53 %
Debt-to-Equity Ratio	−2,5	−3,07	−0	−29,99
Operating Profit Margin	14,87 %	8,43 %	−29,65 %	−108,8 %
Current Ratio	0,03	−0,04	−0,06	0,26
Quick Ratio	0,03	−0,04	−0,06	0,26
Equity Ratio	−0,2	−0,24	−0,18	−0,03
Gross Profit Margin	93,9 %	90,33 %	91,6 %	96,82 %