SEABIRD EXPLORATION NORWAY AS

5035 BERGEN

Finances

Share Ownership

Return on Equity

42,89 %

Current Ratio

0,04

Debt-to-Equity Ratio

−0

Key figures (NOK)	2022	2021	2020	2019
Revenue	52 893 000	93 818 000	191 864 000	143 900 000
Net Income	−59 509 000	−46 027 000	−17 651 000	−36 443 000
Total Assets	76 071 000	119 681 000	61 357 000	32 337 000
Total Equity	−138 760 000	−79 251 000	−33 224 000	−15 573 000

Income (NOK)	2022	2021	2020	2019
Revenue	52 893 000	93 818 000	191 864 000	143 900 000
Expenditure	71 563 000	132 734 000	211 197 000	180 897 000
Operating Profit	−18 669 000	−38 916 000	−19 333 000	−36 996 000
Financial Income	5 837 000	5 448 000	11 753 000	4 637 000
Financial Costs	46 676 000	12 559 000	10 071 000	4 084 000
Financial Balance	−40 839 000	−7 111 000	1 682 000	553 000
Earnings Before Tax	−59 509 000	−46 027 000	−17 651 000	−36 443 000
Tax	0	0	0	0
Net Income	−59 509 000	−46 027 000	−17 651 000	−36 443 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	68 214 000	85 350 000	46 405 000	2 349 000
Total Current Assets	7 857 000	34 330 000	14 953 000	29 989 000
Total Assets	76 071 000	119 681 000	61 357 000	32 337 000
Total Retained Equity	−169 337 000	−109 829 000	−63 802 000	−46 150 000
Total Equity	−138 760 000	−79 251 000	−33 224 000	−15 573 000
Total Long-Term Debt	0	66 146 000	45 756 000	0
Total Current Debt	214 831 000	132 786 000	48 825 000	47 910 000
Total Equity and Debt	76 071 000	119 681 000	61 357 000	32 337 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	49 075 000	90 795 000	191 484 000	149 516 000
Other Income	3 819 000	3 024 000	380 000	−5 616 000
Revenue	52 893 000	93 818 000	191 864 000	143 900 000
Cost of Goods Sold	4 426 000	75 975 000	141 914 000	122 019 000
Salary Costs	15 145 000	17 241 000	21 509 000	28 421 000
Depreciation	30 568 000	23 317 000	17 302 000	1 267 000
Impairment	0	0	4 811 000	0
Expenditure	71 563 000	132 734 000	211 197 000	180 897 000
Operating Profit	−18 669 000	−38 916 000	−19 333 000	−36 996 000
Financial Income	5 837 000	5 448 000	11 753 000	4 637 000
Financial Costs	46 676 000	12 559 000	10 071 000	4 084 000
Financial Balance	−40 839 000	−7 111 000	1 682 000	553 000
Dividends	0	0	0	0
Net Income	−59 509 000	−46 027 000	−17 651 000	−36 443 000

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	67 864 000	84 408 000	44 787 000	0
Fixtures	294 000	886 000	1 561 000	229 000
Total Tangible Assets	68 158 000	85 294 000	46 349 000	229 000
Total Fiancial Fixed Assets	56 000	56 000	56 000	2 120 000
Total Fixed Assets	68 214 000	85 350 000	46 405 000	2 349 000
Stock	480 000	15 962 000	1 288 000	4 109 000
Total Investments	0	0	0	0
Cash, Bank	1 095 000	1 324 000	7 349 000	4 410 000
Total Current Assets	7 857 000	34 330 000	14 953 000	29 989 000
Total Assets	76 071 000	119 681 000	61 357 000	32 337 000
Total Equity	−138 760 000	−79 251 000	−33 224 000	−15 573 000
Short-Term Group Debt	34 082 000	0	877 000	0
Total Long-Term Debt	0	66 146 000	45 756 000	0
Creditors	22 478 000	58 851 000	16 128 000	27 889 000
Unpaid Taxes	971 000	1 478 000	1 501 000	5 499 000
Dividends	0	0	0	0
Other Current Debt	2 676 000	2 623 000	3 548 000	14 522 000
Total Current Debt	214 831 000	132 786 000	48 825 000	47 910 000
Total Equity and Debt	76 071 000	119 681 000	61 357 000	32 337 000

Financial indicators	2022	2021	2020	2019
Return on Equity	42,89 %	58,08 %	53,13 %	234,01 %
Debt-to-Equity Ratio	−0	−0,83	−1,38	−0
Operating Profit Margin	−35,3 %	−41,48 %	−10,08 %	−25,71 %
Current Ratio	0,04	0,26	0,31	0,63
Quick Ratio	0,04	0,29	0,31	0,68
Equity Ratio	−1,82	−0,66	−0,54	−0,48
Gross Profit Margin	91,63 %	19,02 %	26,03 %	15,21 %