SEAS OF NORWAY AS

0177 OSLO

Finances

Share Ownership

Return on Equity

−33,47 %

Current Ratio

0,64

Debt-to-Equity Ratio

−0,94

Key figures (NOK)	2022	2021	2020	2019
Revenue	50 000	456 000	736 000	50 000
Net Income	160 000	−374 000	198 000	9 000
Total Assets	614 000	356 000	765 000	74 000
Total Equity	−478 000	−138 000	236 000	33 000

Income (NOK)	2022	2021	2020	2019
Revenue	50 000	456 000	736 000	50 000
Expenditure	−161 000	830 000	496 000	39 000
Operating Profit	211 000	−374 000	240 000	11 000
Financial Income	0	0	0	0
Financial Costs	52 000	0	0	0
Financial Balance	−52 000	0	0	0
Earnings Before Tax	160 000	−374 000	240 000	11 000
Tax	0	0	42 000	2 000
Net Income	160 000	−374 000	198 000	9 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	205 000	155 000	234 000	60 000
Total Current Assets	409 000	201 000	530 000	15 000
Total Assets	614 000	356 000	765 000	74 000
Total Retained Equity	−508 000	−168 000	206 000	9 000
Total Equity	−478 000	−138 000	236 000	33 000
Total Long-Term Debt	450 000	450 000	450 000	0
Total Current Debt	641 000	44 000	78 000	41 000
Total Equity and Debt	614 000	356 000	765 000	74 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	50 000	456 000	736 000	0
Other Income	0	0	0	50 000
Revenue	50 000	456 000	736 000	50 000
Cost of Goods Sold	77 000	377 000	149 000	0
Salary Costs	0	0	0	0
Depreciation	10 000	79 000	132 000	30 000
Impairment	0	0	0	0
Expenditure	−161 000	830 000	496 000	39 000
Operating Profit	211 000	−374 000	240 000	11 000
Financial Income	0	0	0	0
Financial Costs	52 000	0	0	0
Financial Balance	−52 000	0	0	0
Dividends	0	0	0	0
Net Income	160 000	−374 000	198 000	9 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	0	0	30 000	60 000
Real Eastate	0	0	0	0
Machinery and Plant Facilities	205 000	155 000	205 000	0
Fixtures	0	0	0	0
Total Tangible Assets	205 000	155 000	205 000	0
Total Fiancial Fixed Assets	0	0	0	0
Total Fixed Assets	205 000	155 000	234 000	60 000
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	0	26 000	447 000	15 000
Total Current Assets	409 000	201 000	530 000	15 000
Total Assets	614 000	356 000	765 000	74 000
Total Equity	−478 000	−138 000	236 000	33 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	450 000	450 000	450 000	0
Creditors	3 000	6 000	3 000	37 000
Unpaid Taxes	0	0	0	0
Dividends	0	0	0	0
Other Current Debt	32 000	38 000	32 000	2 000
Total Current Debt	641 000	44 000	78 000	41 000
Total Equity and Debt	614 000	356 000	765 000	74 000

Financial indicators	2022	2021	2020	2019
Return on Equity	−33,47 %	271,01 %	83,9 %	27,27 %
Debt-to-Equity Ratio	−0,94	−3,26	1,91	0
Operating Profit Margin	422 %	−82,02 %	32,61 %	22 %
Current Ratio	0,64	4,57	6,79	0,37
Quick Ratio	0,64	4,57	6,79	0,37
Equity Ratio	−0,78	−0,39	0,31	0,45
Gross Profit Margin	−54 %	17,32 %	79,76 %	100 %