SILVER SEA AS

5011 BERGEN

Finances

Return on Equity

263,82 %

Current Ratio

1,28

Debt-to-Equity Ratio

Key figures (NOK)	2022	2021	2020	2019
Revenue	40 180 000	23 730 000	14 093 000	11 459 000
Net Income	31 031 000	13 958 000	−2 216 000	−2 232 000
Total Assets	49 861 000	28 245 000	13 703 000	15 473 000
Total Equity	11 762 000	10 731 000	10 773 000	12 989 000

Income (NOK)	2022	2021	2020	2019
Revenue	40 180 000	23 730 000	14 093 000	11 459 000
Expenditure	19 876 000	18 449 000	15 577 000	13 722 000
Operating Profit	18 849 000	5 187 000	−1 670 000	−2 445 000
Financial Income	15 619 000	9 036 000	85 000	339 000
Financial Costs	0	78 000	549 000	0
Financial Balance	15 619 000	8 958 000	−464 000	339 000
Earnings Before Tax	34 468 000	14 146 000	−2 134 000	−2 106 000
Tax	3 437 000	188 000	82 000	126 000
Net Income	31 031 000	13 958 000	−2 216 000	−2 232 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	1 126 000	2 099 000	1 309 000	1 587 000
Total Current Assets	48 736 000	26 146 000	12 393 000	13 886 000
Total Assets	49 861 000	28 245 000	13 703 000	15 473 000
Total Retained Equity	−6 998 000	−8 029 000	−7 987 000	−5 771 000
Total Equity	11 762 000	10 731 000	10 773 000	12 989 000
Total Long-Term Debt	0	0	0	0
Total Current Debt	38 099 000	17 514 000	2 929 000	2 484 000
Total Equity and Debt	49 861 000	28 245 000	13 703 000	15 473 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	38 701 000	22 583 000	12 787 000	10 206 000
Other Income	1 479 000	1 147 000	1 306 000	1 253 000
Revenue	40 180 000	23 730 000	14 093 000	11 459 000
Cost of Goods Sold	0	0	0	0
Salary Costs	16 513 000	15 386 000	12 587 000	11 239 000
Depreciation	174 000	177 000	512 000	417 000
Impairment	0	0	0	0
Expenditure	19 876 000	18 449 000	15 577 000	13 722 000
Operating Profit	18 849 000	5 187 000	−1 670 000	−2 445 000
Financial Income	15 619 000	9 036 000	85 000	339 000
Financial Costs	0	78 000	549 000	0
Financial Balance	15 619 000	8 958 000	−464 000	339 000
Dividends	30 000 000	14 000 000	0	0
Net Income	31 031 000	13 958 000	−2 216 000	−2 232 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	330 000	418 000	606 000	688 000
Real Eastate	0	0	0	0
Machinery and Plant Facilities	0	0	0	0
Fixtures	696 000	1 582 000	603 000	799 000
Total Tangible Assets	696 000	1 582 000	603 000	799 000
Total Fiancial Fixed Assets	100 000	100 000	100 000	100 000
Total Fixed Assets	1 126 000	2 099 000	1 309 000	1 587 000
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	29 719 000	11 966 000	11 503 000	11 957 000
Total Current Assets	48 736 000	26 146 000	12 393 000	13 886 000
Total Assets	49 861 000	28 245 000	13 703 000	15 473 000
Total Equity	11 762 000	10 731 000	10 773 000	12 989 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	0	0	0	0
Creditors	112 000	76 000	240 000	201 000
Unpaid Taxes	1 474 000	1 842 000	1 647 000	1 241 000
Dividends	30 000 000	14 000 000	0	0
Other Current Debt	33 164 000	15 596 000	1 041 000	1 042 000
Total Current Debt	38 099 000	17 514 000	2 929 000	2 484 000
Total Equity and Debt	49 861 000	28 245 000	13 703 000	15 473 000

Financial indicators	2022	2021	2020	2019
Return on Equity	263,82 %	130,07 %	−20,57 %	−17,18 %
Debt-to-Equity Ratio	0	0	0	0
Operating Profit Margin	46,91 %	21,86 %	−11,85 %	−21,34 %
Current Ratio	1,28	1,49	4,23	5,59
Quick Ratio	1,28	1,49	4,23	5,59
Equity Ratio	0,24	0,38	0,79	0,84
Gross Profit Margin	100 %	100 %	100 %	100 %