SEAS SPJELKAVIK ELEKTRO AS

6011 ÅLESUND

Finances

Share Ownership

Return on Equity

30,1 %

Current Ratio

2,07

Debt-to-Equity Ratio

Key figures (NOK)	2022	2021	2020	2019
Revenue	14 348 000	13 380 000	18 035 000	14 485 000
Net Income	1 012 000	217 000	964 000	173 000
Total Assets	6 357 000	5 645 000	6 779 000	6 065 000
Total Equity	3 362 000	3 355 000	3 889 000	3 425 000

Income (NOK)	2022	2021	2020	2019
Revenue	14 348 000	13 380 000	18 035 000	14 485 000
Expenditure	13 089 000	13 107 000	16 806 000	14 269 000
Operating Profit	1 259 000	274 000	1 228 000	216 000
Financial Income	4 000	4 000	7 000	8 000
Financial Costs	0	0	0	2 000
Financial Balance	4 000	4 000	7 000	6 000
Earnings Before Tax	1 263 000	278 000	1 236 000	222 000
Tax	251 000	61 000	272 000	49 000
Net Income	1 012 000	217 000	964 000	173 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	165 000	97 000	91 000	98 000
Total Current Assets	6 192 000	5 548 000	6 688 000	5 967 000
Total Assets	6 357 000	5 645 000	6 779 000	6 065 000
Total Retained Equity	2 962 000	2 955 000	3 489 000	3 025 000
Total Equity	3 362 000	3 355 000	3 889 000	3 425 000
Total Long-Term Debt	0	0	0	0
Total Current Debt	2 995 000	2 289 000	2 890 000	2 640 000
Total Equity and Debt	6 357 000	5 645 000	6 779 000	6 065 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	14 340 000	13 317 000	18 020 000	14 418 000
Other Income	8 000	63 000	15 000	67 000
Revenue	14 348 000	13 380 000	18 035 000	14 485 000
Cost of Goods Sold	3 544 000	3 785 000	6 017 000	4 015 000
Salary Costs	7 380 000	7 331 000	8 400 000	7 964 000
Depreciation	6 000	3 000	3 000	1 000
Impairment	0	0	0	0
Expenditure	13 089 000	13 107 000	16 806 000	14 269 000
Operating Profit	1 259 000	274 000	1 228 000	216 000
Financial Income	4 000	4 000	7 000	8 000
Financial Costs	0	0	0	2 000
Financial Balance	4 000	4 000	7 000	6 000
Dividends	1 005 000	750 000	50 000	400 000
Net Income	1 012 000	217 000	964 000	173 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	61 000	23 000	49 000	82 000
Real Eastate	0	0	0	0
Machinery and Plant Facilities	0	0	0	0
Fixtures	97 000	9 000	12 000	15 000
Total Tangible Assets	97 000	9 000	12 000	15 000
Total Fiancial Fixed Assets	6 000	65 000	30 000	0
Total Fixed Assets	165 000	97 000	91 000	98 000
Stock	818 000	770 000	926 000	934 000
Total Investments	0	0	0	0
Cash, Bank	2 425 000	2 677 000	1 864 000	1 305 000
Total Current Assets	6 192 000	5 548 000	6 688 000	5 967 000
Total Assets	6 357 000	5 645 000	6 779 000	6 065 000
Total Equity	3 362 000	3 355 000	3 889 000	3 425 000
Short-Term Group Debt	400 000	50 000	50 000	400 000
Total Long-Term Debt	0	0	0	0
Creditors	394 000	430 000	412 000	485 000
Unpaid Taxes	1 006 000	914 000	1 255 000	875 000
Dividends	1 005 000	750 000	50 000	400 000
Other Current Debt	904 000	859 000	935 000	880 000
Total Current Debt	2 995 000	2 289 000	2 890 000	2 640 000
Total Equity and Debt	6 357 000	5 645 000	6 779 000	6 065 000

Financial indicators	2022	2021	2020	2019
Return on Equity	30,1 %	6,47 %	24,79 %	5,05 %
Debt-to-Equity Ratio	0	0	0	0
Operating Profit Margin	8,77 %	2,05 %	6,81 %	1,49 %
Current Ratio	2,07	2,42	2,31	2,26
Quick Ratio	2,84	3,65	3,41	3,5
Equity Ratio	0,53	0,59	0,57	0,56
Gross Profit Margin	75,3 %	71,71 %	66,64 %	72,28 %