SEASHORE TECHNOLOGY AS

9409 HARSTAD

Finances

Share Ownership

Return on Equity

78,28 %

Current Ratio

2,41

Debt-to-Equity Ratio

0,02

Key figures (NOK)	2022	2021	2020	2019
Revenue	13 353 000	12 729 000	8 980 000	1 960 000
Net Income	8 222 000	7 115 000	5 009 000	560 000
Total Assets	18 227 000	13 882 000	6 948 000	1 622 000
Total Equity	10 503 000	7 108 000	3 992 000	983 000

Income (NOK)	2022	2021	2020	2019
Revenue	13 353 000	12 729 000	8 980 000	1 960 000
Expenditure	3 850 000	3 596 000	3 598 000	1 381 000
Operating Profit	9 503 000	9 133 000	5 383 000	578 000
Financial Income	884 000	11 000	3 000	4 000
Financial Costs	25 000	21 000	22 000	23 000
Financial Balance	859 000	−10 000	−19 000	−19 000
Earnings Before Tax	10 362 000	9 123 000	5 364 000	560 000
Tax	2 140 000	2 008 000	355 000	0
Net Income	8 222 000	7 115 000	5 009 000	560 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	0	178 000	178 000	178 000
Total Current Assets	18 227 000	13 704 000	6 770 000	1 444 000
Total Assets	18 227 000	13 882 000	6 948 000	1 622 000
Total Retained Equity	10 316 000	6 921 000	3 805 000	796 000
Total Equity	10 503 000	7 108 000	3 992 000	983 000
Total Long-Term Debt	172 000	172 000	172 000	172 000
Total Current Debt	7 552 000	6 602 000	2 784 000	467 000
Total Equity and Debt	18 227 000	13 882 000	6 948 000	1 622 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	13 353 000	12 724 000	8 976 000	1 955 000
Other Income	0	5 000	5 000	5 000
Revenue	13 353 000	12 729 000	8 980 000	1 960 000
Cost of Goods Sold	147 000	118 000	1 231 000	26 000
Salary Costs	3 029 000	2 931 000	1 891 000	961 000
Depreciation	0	0	0	0
Impairment	0	0	0	0
Expenditure	3 850 000	3 596 000	3 598 000	1 381 000
Operating Profit	9 503 000	9 133 000	5 383 000	578 000
Financial Income	884 000	11 000	3 000	4 000
Financial Costs	25 000	21 000	22 000	23 000
Financial Balance	859 000	−10 000	−19 000	−19 000
Dividends	4 826 000	4 000 000	2 000 000	0
Net Income	8 222 000	7 115 000	5 009 000	560 000

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	0	0	0	0
Fixtures	0	0	0	0
Total Tangible Assets	0	0	0	0
Total Fiancial Fixed Assets	0	178 000	178 000	178 000
Total Fixed Assets	0	178 000	178 000	178 000
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	17 156 000	11 938 000	5 124 000	816 000
Total Current Assets	18 227 000	13 704 000	6 770 000	1 444 000
Total Assets	18 227 000	13 882 000	6 948 000	1 622 000
Total Equity	10 503 000	7 108 000	3 992 000	983 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	172 000	172 000	172 000	172 000
Creditors	138 000	121 000	130 000	58 000
Unpaid Taxes	151 000	201 000	112 000	111 000
Dividends	4 826 000	4 000 000	2 000 000	0
Other Current Debt	297 000	273 000	187 000	299 000
Total Current Debt	7 552 000	6 602 000	2 784 000	467 000
Total Equity and Debt	18 227 000	13 882 000	6 948 000	1 622 000

Financial indicators	2022	2021	2020	2019
Return on Equity	78,28 %	100,1 %	125,48 %	56,97 %
Debt-to-Equity Ratio	0,02	0,02	0,04	0,17
Operating Profit Margin	71,17 %	71,75 %	59,94 %	29,49 %
Current Ratio	2,41	2,08	2,43	3,09
Quick Ratio	2,41	2,08	2,43	3,09
Equity Ratio	0,58	0,51	0,57	0,61
Gross Profit Margin	98,9 %	99,07 %	86,29 %	98,67 %