ENHANCED RECOVERY TECHNOLOGIES AS

5068 BERGEN

Finances

Return on Equity

−30,05 %

Current Ratio

0,46

Debt-to-Equity Ratio

Key figures (NOK)	2022	2021	2020	2019
Revenue	1 725 000	1 851 000	1 495 000	130 000
Net Income	−265 000	493 000	8 000	2 000
Total Assets	4 126 000	3 965 000	1 882 000	291 000
Total Equity	882 000	547 000	54 000	46 000

Income (NOK)	2022	2021	2020	2019
Revenue	1 725 000	1 851 000	1 495 000	130 000
Expenditure	1 992 000	1 850 000	1 485 000	127 000
Operating Profit	−266 000	1 000	9 000	3 000
Financial Income	1 000	0	0	0
Financial Costs	0	0	0	0
Financial Balance	1 000	0	0	0
Earnings Before Tax	−265 000	1 000	9 000	3 000
Tax	0	−492 000	2 000	1 000
Net Income	−265 000	493 000	8 000	2 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	2 638 000	2 663 000	600 000	0
Total Current Assets	1 488 000	1 302 000	1 282 000	291 000
Total Assets	4 126 000	3 965 000	1 882 000	291 000
Total Retained Equity	234 000	499 000	6 000	−2 000
Total Equity	882 000	547 000	54 000	46 000
Total Long-Term Debt	0	0	0	0
Total Current Debt	3 244 000	3 418 000	1 828 000	244 000
Total Equity and Debt	4 126 000	3 965 000	1 882 000	291 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	299 000	498 000	365 000	0
Other Income	1 426 000	1 353 000	1 130 000	130 000
Revenue	1 725 000	1 851 000	1 495 000	130 000
Cost of Goods Sold	1 000	0	0	0
Salary Costs	1 557 000	767 000	1 235 000	2 000
Depreciation	104 000	0	0	0
Impairment	0	0	0	0
Expenditure	1 992 000	1 850 000	1 485 000	127 000
Operating Profit	−266 000	1 000	9 000	3 000
Financial Income	1 000	0	0	0
Financial Costs	0	0	0	0
Financial Balance	1 000	0	0	0
Dividends	0	0	0	0
Net Income	−265 000	493 000	8 000	2 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	1 959 000	2 063 000	0	0
Real Eastate	0	0	0	0
Machinery and Plant Facilities	0	0	0	0
Fixtures	79 000	0	0	0
Total Tangible Assets	79 000	0	0	0
Total Fiancial Fixed Assets	600 000	600 000	600 000	0
Total Fixed Assets	2 638 000	2 663 000	600 000	0
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	131 000	731 000	360 000	4 000
Total Current Assets	1 488 000	1 302 000	1 282 000	291 000
Total Assets	4 126 000	3 965 000	1 882 000	291 000
Total Equity	882 000	547 000	54 000	46 000
Short-Term Group Debt	182 000	0	0	0
Total Long-Term Debt	0	0	0	0
Creditors	503 000	1 000	2 000	1 000
Unpaid Taxes	175 000	889 000	372 000	0
Dividends	0	0	0	0
Other Current Debt	2 384 000	3 020 000	1 452 000	244 000
Total Current Debt	3 244 000	3 418 000	1 828 000	244 000
Total Equity and Debt	4 126 000	3 965 000	1 882 000	291 000

Financial indicators	2022	2021	2020	2019
Return on Equity	−30,05 %	90,13 %	14,81 %	4,35 %
Debt-to-Equity Ratio	0	0	0	0
Operating Profit Margin	−15,42 %	0,05 %	0,6 %	2,31 %
Current Ratio	0,46	0,38	0,7	1,19
Quick Ratio	0,46	0,38	0,7	1,19
Equity Ratio	0,21	0,14	0,03	0,16
Gross Profit Margin	99,94 %	100 %	100 %	100 %