SEA TECH INTERNATIONAL AS

4326 SANDNES

Finances

Return on Equity

7,68 %

Current Ratio

1,41

Debt-to-Equity Ratio

Key figures (NOK)	2022	2021	2020	2019
Revenue	2 264 000	2 182 000	4 518 000	4 813 000
Net Income	429 000	850 000	1 341 000	1 329 000
Total Assets	6 204 000	5 663 000	4 922 000	4 174 000
Total Equity	5 588 000	5 158 000	4 308 000	2 967 000

Income (NOK)	2022	2021	2020	2019
Revenue	2 264 000	2 182 000	4 518 000	4 813 000
Expenditure	1 465 000	1 290 000	3 154 000	3 207 000
Operating Profit	798 000	893 000	1 363 000	1 606 000
Financial Income	7 000	200 000	281 000	79 000
Financial Costs	212 000	47 000	2 000	1 000
Financial Balance	−205 000	153 000	279 000	78 000
Earnings Before Tax	592 000	1 047 000	1 641 000	1 685 000
Tax	163 000	196 000	300 000	355 000
Net Income	429 000	850 000	1 341 000	1 329 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	5 342 000	3 630 000	2 509 000	988 000
Total Current Assets	862 000	2 033 000	2 413 000	3 186 000
Total Assets	6 204 000	5 663 000	4 922 000	4 174 000
Total Retained Equity	5 554 000	5 124 000	4 274 000	2 933 000
Total Equity	5 588 000	5 158 000	4 308 000	2 967 000
Total Long-Term Debt	3 000	0	0	0
Total Current Debt	613 000	504 000	614 000	1 207 000
Total Equity and Debt	6 204 000	5 663 000	4 922 000	4 174 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	2 264 000	2 182 000	4 518 000	4 813 000
Other Income	0	0	0	0
Revenue	2 264 000	2 182 000	4 518 000	4 813 000
Cost of Goods Sold	0	0	1 885 000	1 779 000
Salary Costs	991 000	1 219 000	1 152 000	1 214 000
Depreciation	48 000	0	0	0
Impairment	0	0	0	0
Expenditure	1 465 000	1 290 000	3 154 000	3 207 000
Operating Profit	798 000	893 000	1 363 000	1 606 000
Financial Income	7 000	200 000	281 000	79 000
Financial Costs	212 000	47 000	2 000	1 000
Financial Balance	−205 000	153 000	279 000	78 000
Dividends	0	0	0	0
Net Income	429 000	850 000	1 341 000	1 329 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	0	0	0	0
Real Eastate	1 111 000	0	0	0
Machinery and Plant Facilities	0	0	0	0
Fixtures	73 000	0	0	0
Total Tangible Assets	1 184 000	0	0	0
Total Fiancial Fixed Assets	4 158 000	3 630 000	2 509 000	988 000
Total Fixed Assets	5 342 000	3 630 000	2 509 000	988 000
Stock	0	0	0	0
Total Investments	0	325 000	315 000	300 000
Cash, Bank	716 000	1 464 000	1 809 000	1 884 000
Total Current Assets	862 000	2 033 000	2 413 000	3 186 000
Total Assets	6 204 000	5 663 000	4 922 000	4 174 000
Total Equity	5 588 000	5 158 000	4 308 000	2 967 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	3 000	0	0	0
Creditors	54 000	0	4 000	483 000
Unpaid Taxes	265 000	179 000	182 000	240 000
Dividends	0	0	0	0
Other Current Debt	134 000	129 000	127 000	129 000
Total Current Debt	613 000	504 000	614 000	1 207 000
Total Equity and Debt	6 204 000	5 663 000	4 922 000	4 174 000

Financial indicators	2022	2021	2020	2019
Return on Equity	7,68 %	16,48 %	31,13 %	44,79 %
Debt-to-Equity Ratio	0	0	0	0
Operating Profit Margin	35,25 %	40,93 %	30,17 %	33,37 %
Current Ratio	1,41	4,03	3,93	2,64
Quick Ratio	1,41	4,03	3,93	2,64
Equity Ratio	0,9	0,91	0,88	0,71
Gross Profit Margin	100 %	100 %	58,28 %	63,04 %