SEA SOLUTION AS

6002 ÅLESUND

Finances

Share Ownership

Return on Equity

45,02 %

Current Ratio

1,16

Debt-to-Equity Ratio

1,72

Key figures (NOK)	2022	2021	2020	2019
Revenue	14 587 000	7 848 000	710 000	606 000
Net Income	827 000	311 000	383 000	44 000
Total Assets	7 946 000	7 371 000	1 373 000	933 000
Total Equity	1 837 000	479 000	169 000	−214 000

Income (NOK)	2022	2021	2020	2019
Revenue	14 587 000	7 848 000	710 000	606 000
Expenditure	13 376 000	7 436 000	324 000	562 000
Operating Profit	1 211 000	412 000	387 000	44 000
Financial Income	5 000	10 000	0	0
Financial Costs	135 000	24 000	4 000	0
Financial Balance	−130 000	−14 000	−4 000	0
Earnings Before Tax	1 081 000	398 000	383 000	44 000
Tax	254 000	88 000	0	0
Net Income	827 000	311 000	383 000	44 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	4 513 000	4 113 000	511 000	0
Total Current Assets	3 432 000	3 257 000	862 000	933 000
Total Assets	7 946 000	7 371 000	1 373 000	933 000
Total Retained Equity	1 107 000	449 000	139 000	−244 000
Total Equity	1 837 000	479 000	169 000	−214 000
Total Long-Term Debt	3 153 000	2 707 000	1 150 000	0
Total Current Debt	2 956 000	4 185 000	55 000	1 147 000
Total Equity and Debt	7 946 000	7 371 000	1 373 000	933 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	14 650 000	7 833 000	710 000	586 000
Other Income	−63 000	15 000	0	20 000
Revenue	14 587 000	7 848 000	710 000	606 000
Cost of Goods Sold	3 248 000	5 654 000	49 000	294 000
Salary Costs	989 000	689 000	0	0
Depreciation	355 000	104 000	0	0
Impairment	0	0	0	0
Expenditure	13 376 000	7 436 000	324 000	562 000
Operating Profit	1 211 000	412 000	387 000	44 000
Financial Income	5 000	10 000	0	0
Financial Costs	135 000	24 000	4 000	0
Financial Balance	−130 000	−14 000	−4 000	0
Dividends	0	0	0	0
Net Income	827 000	311 000	383 000	44 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	0	0	0	0
Real Eastate	2 886 000	3 040 000	0	0
Machinery and Plant Facilities	0	0	0	0
Fixtures	959 000	551 000	0	0
Total Tangible Assets	4 254 000	4 113 000	0	0
Total Fiancial Fixed Assets	259 000	0	511 000	0
Total Fixed Assets	4 513 000	4 113 000	511 000	0
Stock	105 000	0	0	0
Total Investments	0	0	0	0
Cash, Bank	610 000	325 000	95 000	82 000
Total Current Assets	3 432 000	3 257 000	862 000	933 000
Total Assets	7 946 000	7 371 000	1 373 000	933 000
Total Equity	1 837 000	479 000	169 000	−214 000
Short-Term Group Debt	0	1 011 000	0	0
Total Long-Term Debt	3 153 000	2 707 000	1 150 000	0
Creditors	1 822 000	1 901 000	31 000	7 000
Unpaid Taxes	57 000	16 000	3 000	0
Dividends	0	0	0	0
Other Current Debt	938 000	1 070 000	21 000	1 140 000
Total Current Debt	2 956 000	4 185 000	55 000	1 147 000
Total Equity and Debt	7 946 000	7 371 000	1 373 000	933 000

Financial indicators	2022	2021	2020	2019
Return on Equity	45,02 %	64,93 %	226,63 %	−20,56 %
Debt-to-Equity Ratio	1,72	5,65	6,8	−0
Operating Profit Margin	8,3 %	5,25 %	54,51 %	7,26 %
Current Ratio	1,16	0,78	15,67	0,81
Quick Ratio	1,2	0,78	15,67	0,81
Equity Ratio	0,23	0,06	0,12	−0,23
Gross Profit Margin	77,73 %	27,96 %	93,1 %	51,49 %