Salmon Evolution® is a Norwegian salmon farming company. We are extending the ocean potential™ through transferring the best conditions offered by the sea to farm fish on land. By 2032, our total annual land-based production capacity for salmon will be 100 000 tonnes worldwide. That corresponds to 345 million meals of sustainable protein a year.
Salmon Evolution was founded in 2017 by a group of visionary pioneers with long experience from the seafood industry. Their vision was ambitious – they wanted to develop a concept with the potential to become a beacon for sustainable salmon farming.
Today, we are well on our way to living this vision by securing proof of concept for our innovative technology in Norway. Controlled growth conditions allow us to eliminate the challenges associated with conventional fish farming. And, most importantly, we improve fish welfare while reducing the impact on our shared planet.
2017
Served areaWorldwide
HeadquartersEikremsvingen 4, 6422 Molde – Norway
Line item in (nok) | 01.01.2020 | 01.01.2021 | 01.01.2022 | 01.01.2023 |
---|---|---|---|---|
Assets | N/A | 892,810,000.00 | 1,705,903.00 | 2,306,174.00 |
Noncurrent Assets | N/A | 222,367,000.00 | 1,078,664.00 | 1,850,894.00 |
Property Plant And Equipment | N/A | 331,000.00 | 15,601.00 | 30,541.00 |
Construction In Progress | N/A | 219,926,000.00 | 971,122.00 | 1,713,490.00 |
Investments In Associates Accounted For Using Equity Method | N/A | 0.00 | 26,219.00 | 26,635.00 |
Deferred Tax Assets | N/A | 0.00 | 1,026.00 | 2,077.00 |
Current Assets | N/A | 670,444,000.00 | 627,239.00 | 455,281.00 |
Inventories | N/A | N/A | 112.00 | 1,941.00 |
Current Trade Receivables | N/A | N/A | 382.00 | 23,080.00 |
Other Current Receivables | N/A | 22,638,000.00 | 104,724.00 | 66,951.00 |
Current Biological Assets | N/A | N/A | 14,939.00 | 58,927.00 |
Cash and cash equivalents | 21,124,000.00 | 647,806.00 | 505,545.00 | 278,759.00 |
Current Derivative Financial Assets | N/A | N/A | 1,538.00 | 25,622.00 |
Equity And Liabilities | N/A | 892,810,000.00 | 1,705,903.00 | 2,306,174.00 |
Equity | 38,198,000.00 | 788,442.00 | 1,297,530.00 | 1,563,906.00 |
Issued Capital | N/A | 10,987,000.00 | 15,540.00 | 17,288.00 |
Retained Earnings | N/A | -30,407,000.00 | -57,411.00 | -88,774.00 |
Share Premium | N/A | 804,369,000.00 | 1,334,283.00 | 1,627,073.00 |
Other Reserves | N/A | 2,974,000.00 | 5,118.00 | 8,320.00 |
Reserve Of Sharebased Payments | N/A | 520,000.00 | 0.00 | 0.00 |
Liabilities | N/A | 104,368,000.00 | 408,373.00 | 742,267.00 |
Noncurrent Liabilities | N/A | 933,000.00 | 221,221.00 | 531,393.00 |
Deferred Tax Liabilities | N/A | 0.00 | 0.00 | N/A |
Other Noncurrent Liabilities | N/A | 0.00 | 7,976.00 | 8,549.00 |
Longterm Borrowings | N/A | 0.00 | 212,352.00 | 513,169.00 |
Current Liabilities | N/A | 103,435,000.00 | 187,152.00 | 210,873.00 |
Trade And Other Current Payables To Trade Suppliers | N/A | 60,104,000.00 | 162,071.00 | 135,098.00 |
Current Payables On Social Security And Taxes Other Than Income Tax | N/A | 1,144,000.00 | 4,946.00 | 7,086.00 |
Other Current Liabilities | N/A | 1,491,000.00 | 5,812.00 | 9,783.00 |
Line item in (nok) | 01.01.2020/ 01.01.2021 |
01.01.2021/ 01.01.2022 |
01.01.2022/ 01.01.2023 |
---|---|---|---|
Revenue | N/A | 12,047.00 | 46,107.00 |
Revenue From Contracts With Customers | 0.00 | 12,047,000.00 | N/A |
Other Income | 704,000.00 | 209.00 | 1,574.00 |
Changes In Inventories Of Finished Goods And Work In Progress | N/A | -2,803.00 | -34,077.00 |
Raw Materials And Consumables Used | N/A | 3,710.00 | 34,706.00 |
Cost Of Merchandise Sold | N/A | 908,000.00 | N/A |
Employee Benefits Expense | 8,877,000.00 | 21,067.00 | 49,996.00 |
Depreciation Amortisation And Impairment Loss Reversal Of Impairment Loss Recognised In Profit Or Loss | 550,000.00 | 2,229,000.00 | N/A |
Depreciation Expense | N/A | 2,229.00 | 6,190.00 |
Other Expense By Nature | 8,954,000.00 | 25,894.00 | 65,538.00 |
Profit Loss From Operating Activities | -17,676,000.00 | -37,841.00 | -62,931.00 |
Finance Income | 1,114,000.00 | 12,852.00 | 35,322.00 |
Finance Costs | 263,000.00 | 7,335.00 | 4,170.00 |
Profit Loss Before Tax | -16,826,000.00 | -32,957.00 | -32,726.00 |
Income Tax Expense Continuing Operations | N/A | -6,513.00 | 0.00 |
Profit (loss) | -16,826,000.00 | -26,445.00 | -32,726.00 |
Line item in (nok) | 01.01.2020 | 01.01.2021 | 01.01.2022 | 01.01.2023 |
---|---|---|---|---|
Profit (loss) | N/A | -16,826,000.00 | -26,445.00 | -32,726.00 |
Adjustments For Decrease Increase In Inventories | N/A | N/A | -1,702,000.00 | N/A |
Adjustments For Decrease Increase In Other Operating Receivables | N/A | -20,000.00 | -29,217.00 | 37,774.00 |
Adjustments For Increase Decrease In Trade Account Payable | N/A | 2,695,000.00 | -684.00 | 2,047.00 |
Adjustments For Sharebased Payments | N/A | 2,714,000.00 | 1,624.00 | 3,201.00 |
Cash Flows From Used In Operations | N/A | -10,871,000.00 | -66,710,000.00 | N/A |
Interest Paid Classified As Operating Activities | N/A | 263,000.00 | 11,980,000.00 | N/A |
Interest Received Classified As Operating Activities | N/A | 1,114,000.00 | 11,315,000.00 | N/A |
Cash Flows From Used In Operating Activities | N/A | -10,021,000.00 | -66,710.00 | -76,124.00 |
Cash Flows Used In Obtaining Control Of Subsidiaries Or Other Businesses Classified As Investing Activities | N/A | N/A | 27,249.00 | 0.00 |
Purchase Of Property Plant And Equipment Classified As Investing Activities | N/A | 165,529,000.00 | 797,959.00 | 763,498.00 |
Purchase Of Intangible Assets Classified As Investing Activities | N/A | 432,000.00 | 881.00 | 3,614.00 |
Cash Flows From Used In Investing Activities | N/A | -165,961,000.00 | -754,553.00 | -796,132.00 |
Proceeds From Issuing Shares | N/A | 764,355,000.00 | 517,868,000.00 | N/A |
Proceeds From Borrowings Classified As Financing Activities | N/A | 40,000,000.00 | 202,600.00 | 356,253.00 |
Repayments Of Borrowings Classified As Financing Activities | N/A | 1,500,000.00 | 40,800.00 | 13,337.00 |
Payments Of Lease Liabilities Classified As Financing Activities | N/A | 191,000.00 | 0.00 | -210.00 |
Cash Flows From Used In Financing Activities | N/A | 802,664,000.00 | 679,002.00 | 645,471.00 |
Increase (decrease) in cash and cash equivalents after effect of exchange rate changes | N/A | 626,682,000.00 | -142,261.00 | -226,785.00 |
Cash and cash equivalents | 21,124,000.00 | 647,806.00 | 505,545.00 | 278,759.00 |
Please note that some sums might not add up.
NO0010892094
LEI549300P2OB7L255PF765
SectorAgricultural Products & Services
Listed Stock ExchangeKeep yourself informed with the most recent updates on FinancialReports, IPOs, product advancements, and other significant news.