ZECURECODE AS

1270 OSLO

Finances

Share Ownership

Return on Equity

161,45 %

Current Ratio

10,57

Debt-to-Equity Ratio

−2,24

Key figures (NOK)	2022	2021	2020	2019
Revenue	638 000	403 000	1 058 000	1 818 000
Net Income	−134 000	2 000	4 000	50 000
Total Assets	110 000	834 000	690 000	602 000
Total Equity	−83 000	51 000	49 000	154 000

Income (NOK)	2022	2021	2020	2019
Revenue	638 000	403 000	1 058 000	1 818 000
Expenditure	844 000	507 000	1 053 000	1 732 000
Operating Profit	−206 000	−103 000	5 000	86 000
Financial Income	210 000	105 000	1 000	0
Financial Costs	130 000	0	0	20 000
Financial Balance	80 000	105 000	1 000	−20 000
Earnings Before Tax	−126 000	2 000	5 000	66 000
Tax	8 000	0	2 000	17 000
Net Income	−134 000	2 000	4 000	50 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	36 000	243 000	303 000	223 000
Total Current Assets	74 000	591 000	387 000	379 000
Total Assets	110 000	834 000	690 000	602 000
Total Retained Equity	−183 000	−49 000	−51 000	54 000
Total Equity	−83 000	51 000	49 000	154 000
Total Long-Term Debt	186 000	262 000	252 000	0
Total Current Debt	7 000	521 000	389 000	447 000
Total Equity and Debt	110 000	834 000	690 000	602 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	751 000	318 000	434 000	1 054 000
Other Income	−113 000	85 000	624 000	764 000
Revenue	638 000	403 000	1 058 000	1 818 000
Cost of Goods Sold	279 000	103 000	132 000	190 000
Salary Costs	220 000	2 000	92 000	540 000
Depreciation	45 000	60 000	49 000	27 000
Impairment	8 000	0	0	0
Expenditure	844 000	507 000	1 053 000	1 732 000
Operating Profit	−206 000	−103 000	5 000	86 000
Financial Income	210 000	105 000	1 000	0
Financial Costs	130 000	0	0	20 000
Financial Balance	80 000	105 000	1 000	−20 000
Dividends	0	0	0	25 000
Net Income	−134 000	2 000	4 000	50 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	28 000	60 000	91 000	122 000
Real Eastate	0	0	0	0
Machinery and Plant Facilities	0	114 000	127 000	0
Fixtures	8 000	29 000	45 000	61 000
Total Tangible Assets	8 000	143 000	172 000	61 000
Total Fiancial Fixed Assets	0	40 000	40 000	40 000
Total Fixed Assets	36 000	243 000	303 000	223 000
Stock	0	85 000	0	0
Total Investments	0	514 000	352 000	48 000
Cash, Bank	1 000	12 000	−6 000	254 000
Total Current Assets	74 000	591 000	387 000	379 000
Total Assets	110 000	834 000	690 000	602 000
Total Equity	−83 000	51 000	49 000	154 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	186 000	262 000	252 000	0
Creditors	6 000	70 000	5 000	182 000
Unpaid Taxes	1 000	−3 000	−17 000	9 000
Dividends	0	0	0	25 000
Other Current Debt	0	552 000	356 000	271 000
Total Current Debt	7 000	521 000	389 000	447 000
Total Equity and Debt	110 000	834 000	690 000	602 000

Financial indicators	2022	2021	2020	2019
Return on Equity	161,45 %	3,92 %	8,16 %	32,47 %
Debt-to-Equity Ratio	−2,24	5,14	5,14	0
Operating Profit Margin	−32,29 %	−25,56 %	0,47 %	4,73 %
Current Ratio	10,57	1,13	0,99	0,85
Quick Ratio	10,57	1,36	0,99	0,85
Equity Ratio	−0,75	0,06	0,07	0,26
Gross Profit Margin	56,27 %	74,44 %	87,52 %	89,55 %