SEAWEED SOLUTIONS AS

7018 TRONDHEIM

Finances

Return on Equity

−49,9 %

Current Ratio

7,52

Debt-to-Equity Ratio

0,19

Key figures (NOK)	2022	2021	2020	2019
Revenue	8 280 000	7 078 000	12 843 000	9 868 000
Net Income	−18 149 000	−11 101 000	7 015 000	5 983 000
Total Assets	47 114 000	22 281 000	31 213 000	13 517 000
Total Equity	36 373 000	16 819 000	27 920 000	10 137 000

Income (NOK)	2022	2021	2020	2019
Revenue	8 280 000	7 078 000	12 843 000	9 868 000
Expenditure	26 270 000	18 131 000	5 576 000	3 852 000
Operating Profit	−17 989 000	−11 053 000	7 267 000	6 015 000
Financial Income	47 000	88 000	192 000	33 000
Financial Costs	208 000	137 000	445 000	66 000
Financial Balance	−161 000	−49 000	−253 000	−33 000
Earnings Before Tax	−18 149 000	−11 101 000	7 015 000	5 983 000
Tax	0	0	0	0
Net Income	−18 149 000	−11 101 000	7 015 000	5 983 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	18 486 000	17 019 000	19 436 000	10 014 000
Total Current Assets	28 629 000	5 262 000	11 777 000	3 503 000
Total Assets	47 114 000	22 281 000	31 213 000	13 517 000
Total Retained Equity	0	0	2 789 000	−4 226 000
Total Equity	36 373 000	16 819 000	27 920 000	10 137 000
Total Long-Term Debt	6 934 000	130 000	0	0
Total Current Debt	3 807 000	5 332 000	3 292 000	3 380 000
Total Equity and Debt	47 114 000	22 281 000	31 213 000	13 517 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	2 640 000	2 721 000	2 200 000	827 000
Other Income	5 640 000	4 358 000	10 642 000	9 041 000
Revenue	8 280 000	7 078 000	12 843 000	9 868 000
Cost of Goods Sold	6 778 000	−281 000	105 000	−671 000
Salary Costs	8 463 000	4 780 000	1 848 000	2 041 000
Depreciation	3 261 000	3 235 000	1 332 000	373 000
Impairment	0	0	0	137 000
Expenditure	26 270 000	18 131 000	5 576 000	3 852 000
Operating Profit	−17 989 000	−11 053 000	7 267 000	6 015 000
Financial Income	47 000	88 000	192 000	33 000
Financial Costs	208 000	137 000	445 000	66 000
Financial Balance	−161 000	−49 000	−253 000	−33 000
Dividends	0	0	0	0
Net Income	−18 149 000	−11 101 000	7 015 000	5 983 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	11 589 000	13 741 000	15 922 000	8 153 000
Real Eastate	0	0	0	0
Machinery and Plant Facilities	0	0	0	0
Fixtures	5 908 000	2 535 000	3 493 000	1 840 000
Total Tangible Assets	5 908 000	2 535 000	3 493 000	1 840 000
Total Fiancial Fixed Assets	988 000	743 000	21 000	21 000
Total Fixed Assets	18 486 000	17 019 000	19 436 000	10 014 000
Stock	2 639 000	1 490 000	850 000	942 000
Total Investments	0	0	16 000	0
Cash, Bank	20 057 000	1 757 000	8 374 000	1 316 000
Total Current Assets	28 629 000	5 262 000	11 777 000	3 503 000
Total Assets	47 114 000	22 281 000	31 213 000	13 517 000
Total Equity	36 373 000	16 819 000	27 920 000	10 137 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	6 934 000	130 000	0	0
Creditors	1 864 000	3 379 000	1 683 000	666 000
Unpaid Taxes	794 000	455 000	317 000	194 000
Dividends	0	0	0	0
Other Current Debt	1 149 000	1 498 000	1 293 000	2 520 000
Total Current Debt	3 807 000	5 332 000	3 292 000	3 380 000
Total Equity and Debt	47 114 000	22 281 000	31 213 000	13 517 000

Financial indicators	2022	2021	2020	2019
Return on Equity	−49,9 %	−66 %	25,13 %	59,02 %
Debt-to-Equity Ratio	0,19	0,01	0	0
Operating Profit Margin	−217,26 %	−156,16 %	56,58 %	60,95 %
Current Ratio	7,52	0,99	3,58	1,04
Quick Ratio	24,51	1,37	4,82	1,44
Equity Ratio	0,77	0,75	0,89	0,75
Gross Profit Margin	18,14 %	103,97 %	99,18 %	106,8 %