SEASIDE INNOVASJON AS

6200 STRANDA

Finances

Share Ownership

Return on Equity

134,29 %

Current Ratio

0,63

Debt-to-Equity Ratio

−0

Key figures (NOK)	2022	2021	2020	2019
Revenue	179 000	356 000	1 126 000	815 000
Net Income	−47 000	−84 000	−73 000	14 000
Total Assets	65 000	72 000	319 000	358 000
Total Equity	−35 000	11 000	95 000	169 000

Income (NOK)	2022	2021	2020	2019
Revenue	179 000	356 000	1 126 000	815 000
Expenditure	226 000	438 000	1 214 000	795 000
Operating Profit	−47 000	−81 000	−88 000	20 000
Financial Income	0	0	0	1 000
Financial Costs	0	2 000	6 000	0
Financial Balance	0	−2 000	−6 000	1 000
Earnings Before Tax	−47 000	−84 000	−94 000	20 000
Tax	0	0	−21 000	6 000
Net Income	−47 000	−84 000	−73 000	14 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	1 000	1 000	126 000	1 000
Total Current Assets	64 000	71 000	193 000	358 000
Total Assets	65 000	72 000	319 000	358 000
Total Retained Equity	−135 000	−89 000	−5 000	69 000
Total Equity	−35 000	11 000	95 000	169 000
Total Long-Term Debt	0	0	127 000	0
Total Current Debt	101 000	60 000	97 000	190 000
Total Equity and Debt	65 000	72 000	319 000	358 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	179 000	356 000	1 126 000	815 000
Other Income	0	0	0	0
Revenue	179 000	356 000	1 126 000	815 000
Cost of Goods Sold	167 000	298 000	1 051 000	673 000
Salary Costs	0	0	46 000	59 000
Depreciation	0	19 000	6 000	0
Impairment	0	0	0	0
Expenditure	226 000	438 000	1 214 000	795 000
Operating Profit	−47 000	−81 000	−88 000	20 000
Financial Income	0	0	0	1 000
Financial Costs	0	2 000	6 000	0
Financial Balance	0	−2 000	−6 000	1 000
Dividends	0	0	0	0
Net Income	−47 000	−84 000	−73 000	14 000

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	126 000	0
Total Tangible Assets	0	0	126 000	0
Total Fiancial Fixed Assets	1 000	1 000	1 000	1 000
Total Fixed Assets	1 000	1 000	126 000	1 000
Stock	0	0	0	63 000
Total Investments	0	0	0	0
Cash, Bank	20 000	10 000	11 000	165 000
Total Current Assets	64 000	71 000	193 000	358 000
Total Assets	65 000	72 000	319 000	358 000
Total Equity	−35 000	11 000	95 000	169 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	0	0	127 000	0
Creditors	98 000	60 000	17 000	161 000
Unpaid Taxes	3 000	0	46 000	4 000
Dividends	0	0	0	0
Other Current Debt	0	0	34 000	19 000
Total Current Debt	101 000	60 000	97 000	190 000
Total Equity and Debt	65 000	72 000	319 000	358 000

Financial indicators	2022	2021	2020	2019
Return on Equity	134,29 %	−763,64 %	−76,84 %	8,28 %
Debt-to-Equity Ratio	−0	0	1,34	0
Operating Profit Margin	−26,26 %	−22,75 %	−7,82 %	2,45 %
Current Ratio	0,63	1,18	1,99	1,88
Quick Ratio	0,63	1,18	1,99	2,82
Equity Ratio	−0,54	0,15	0,3	0,47
Gross Profit Margin	6,7 %	16,29 %	6,66 %	17,42 %