REED PROJECTS AS

4014 STAVANGER

Finances

Share Ownership

Return on Equity

−3,3 %

Current Ratio

0,6

Debt-to-Equity Ratio

−0

Key figures (NOK)	2022	2021	2020	2019
Revenue	1 490 000	1 816 000	2 535 000	3 704 000
Net Income	10 000	524 000	207 000	−810 000
Total Assets	458 000	424 000	202 000	380 000
Total Equity	−303 000	−313 000	−837 000	−1 044 000

Income (NOK)	2022	2021	2020	2019
Revenue	1 490 000	1 816 000	2 535 000	3 704 000
Expenditure	1 481 000	1 292 000	2 316 000	4 488 000
Operating Profit	8 000	525 000	218 000	−785 000
Financial Income	6 000	0	0	1 000
Financial Costs	4 000	1 000	11 000	26 000
Financial Balance	2 000	−1 000	−11 000	−25 000
Earnings Before Tax	10 000	524 000	207 000	−810 000
Tax	0	0	0	0
Net Income	10 000	524 000	207 000	−810 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	0	0	0	0
Total Current Assets	458 000	424 000	202 000	380 000
Total Assets	458 000	424 000	202 000	380 000
Total Retained Equity	−2 333 000	−2 343 000	−2 867 000	−3 074 000
Total Equity	−303 000	−313 000	−837 000	−1 044 000
Total Long-Term Debt	0	0	0	0
Total Current Debt	761 000	737 000	1 038 000	1 424 000
Total Equity and Debt	458 000	424 000	202 000	380 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	986 000	1 040 000	2 535 000	3 704 000
Other Income	504 000	776 000	0	0
Revenue	1 490 000	1 816 000	2 535 000	3 704 000
Cost of Goods Sold	261 000	303 000	606 000	2 040 000
Salary Costs	742 000	644 000	931 000	1 598 000
Depreciation	0	0	0	6 000
Impairment	0	0	0	0
Expenditure	1 481 000	1 292 000	2 316 000	4 488 000
Operating Profit	8 000	525 000	218 000	−785 000
Financial Income	6 000	0	0	1 000
Financial Costs	4 000	1 000	11 000	26 000
Financial Balance	2 000	−1 000	−11 000	−25 000
Dividends	0	0	0	0
Net Income	10 000	524 000	207 000	−810 000

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	0	0
Total Tangible Assets	0	0	0	0
Total Fiancial Fixed Assets	0	0	0	0
Total Fixed Assets	0	0	0	0
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	413 000	349 000	73 000	223 000
Total Current Assets	458 000	424 000	202 000	380 000
Total Assets	458 000	424 000	202 000	380 000
Total Equity	−303 000	−313 000	−837 000	−1 044 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	0	0	0	0
Creditors	62 000	55 000	121 000	268 000
Unpaid Taxes	52 000	37 000	70 000	23 000
Dividends	0	0	0	0
Other Current Debt	646 000	645 000	847 000	1 133 000
Total Current Debt	761 000	737 000	1 038 000	1 424 000
Total Equity and Debt	458 000	424 000	202 000	380 000

Financial indicators	2022	2021	2020	2019
Return on Equity	−3,3 %	−167,41 %	−24,73 %	77,59 %
Debt-to-Equity Ratio	−0	−0	−0	−0
Operating Profit Margin	0,54 %	28,91 %	8,6 %	−21,19 %
Current Ratio	0,6	0,58	0,19	0,27
Quick Ratio	0,6	0,58	0,19	0,27
Equity Ratio	−0,66	−0,74	−4,14	−2,75
Gross Profit Margin	82,48 %	83,31 %	76,09 %	44,92 %