SEABED GEOSOLUTIONS AS

5165 LAKSEVÅG

Finances

Share Ownership

Return on Equity

−25,48 %

Current Ratio

1,82

Debt-to-Equity Ratio

Key figures (NOK)	2021	2020	2019	2018
Revenue	278 684 000	161 439 000	296 025 000	341 056 000
Net Income	−23 833 000	−33 253 000	5 873 000	−3 888 000
Total Assets	207 034 000	220 616 000	288 888 000	328 924 000
Total Equity	93 534 000	117 367 000	150 620 000	144 747 000

Income (NOK)	2021	2020	2019	2018
Revenue	278 684 000	161 439 000	296 025 000	341 056 000
Expenditure	301 661 000	179 628 000	291 456 000	330 744 000
Operating Profit	−22 978 000	−18 189 000	4 570 000	10 312 000
Financial Income	408 000	−231 000	193 000	360 000
Financial Costs	1 263 000	14 833 000	−1 110 000	−5 895 000
Financial Balance	−855 000	−15 064 000	1 303 000	6 255 000
Earnings Before Tax	−23 833 000	−33 253 000	5 873 000	4 656 000
Tax	0	0	0	8 544 000
Net Income	−23 833 000	−33 253 000	5 873 000	−3 888 000

Balance (NOK)	2021	2020	2019	2018
Total Fixed Assets	0	89 757 000	144 476 000	197 408 000
Total Current Assets	207 034 000	130 859 000	144 411 000	131 516 000
Total Assets	207 034 000	220 616 000	288 888 000	328 924 000
Total Retained Equity	81 652 000	105 485 000	138 737 000	132 864 000
Total Equity	93 534 000	117 367 000	150 620 000	144 747 000
Total Long-Term Debt	0	0	39 213 000	0
Total Current Debt	113 500 000	103 249 000	99 055 000	184 177 000
Total Equity and Debt	207 034 000	220 616 000	288 888 000	328 924 000

Cash flow (NOK)	2021	2020	2019	2018
Sales Income	265 742 000	150 704 000	296 027 000	341 038 000
Other Income	12 942 000	10 736 000	−2 000	18 000
Revenue	278 684 000	161 439 000	296 025 000	341 056 000
Cost of Goods Sold	270 515 000	135 404 000	261 099 000	255 516 000
Salary Costs	−56 000	−1 758 000	4 209 000	2 379 000
Depreciation	18 497 000	20 538 000	23 701 000	23 448 000
Impairment	0	35 471 000	0	0
Expenditure	301 661 000	179 628 000	291 456 000	330 744 000
Operating Profit	−22 978 000	−18 189 000	4 570 000	10 312 000
Financial Income	408 000	−231 000	193 000	360 000
Financial Costs	1 263 000	14 833 000	−1 110 000	−5 895 000
Financial Balance	−855 000	−15 064 000	1 303 000	6 255 000
Dividends	0	0	0	0
Net Income	−23 833 000	−33 253 000	5 873 000	−3 888 000

Balance details (NOK)	2021	2020	2019	2018
Goodwill	0	0	0	0
Total Intangible Assets	0	0	0	29 731 000
Real Eastate	0	0	0	0
Machinery and Plant Facilities	0	0	1 418 000	1 757 000
Fixtures	0	0	0	0
Total Tangible Assets	0	88 291 000	144 300 000	167 501 000
Total Fiancial Fixed Assets	0	1 465 000	176 000	176 000
Total Fixed Assets	0	89 757 000	144 476 000	197 408 000
Stock	571 000	9 864 000	0	5 389 000
Total Investments	0	0	0	0
Cash, Bank	28 742 000	580 000	318 000	310 000
Total Current Assets	207 034 000	130 859 000	144 411 000	131 516 000
Total Assets	207 034 000	220 616 000	288 888 000	328 924 000
Total Equity	93 534 000	117 367 000	150 620 000	144 747 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	0	0	39 213 000	0
Creditors	111 380 000	78 011 000	86 221 000	47 990 000
Unpaid Taxes	0	5 614 000	1 483 000	5 262 000
Dividends	0	0	0	0
Other Current Debt	2 120 000	19 624 000	11 351 000	81 023 000
Total Current Debt	113 500 000	103 249 000	99 055 000	184 177 000
Total Equity and Debt	207 034 000	220 616 000	288 888 000	328 924 000

Financial indicators	2021	2020	2019	2018
Return on Equity	−25,48 %	−28,33 %	3,9 %	−2,69 %
Debt-to-Equity Ratio	0	0	0,26	0
Operating Profit Margin	−8,25 %	−11,27 %	1,54 %	3,02 %
Current Ratio	1,82	1,27	1,46	0,71
Quick Ratio	1,83	1,4	1,46	0,74
Equity Ratio	0,45	0,53	0,52	0,44
Gross Profit Margin	2,93 %	16,13 %	11,8 %	25,08 %