EC TRADING AS

6065 ULSTEINVIK

Finances

Return on Equity

21,75 %

Current Ratio

2,44

Debt-to-Equity Ratio

Key figures (NOK)	2022	2021	2020	2019
Revenue	13 398 000	19 894 000	6 320 000	0
Net Income	1 082 000	3 830 000	2 797 000	−755 000
Total Assets	7 468 000	7 208 000	5 138 000	8 770 000
Total Equity	4 974 000	3 892 000	562 000	−1 210 000

Income (NOK)	2022	2021	2020	2019
Revenue	13 398 000	19 894 000	6 320 000	0
Expenditure	11 968 000	14 732 000	3 899 000	374 000
Operating Profit	1 431 000	5 162 000	2 421 000	−374 000
Financial Income	0	1 000	805 000	0
Financial Costs	27 000	19 000	13 000	381 000
Financial Balance	−27 000	−18 000	792 000	−381 000
Earnings Before Tax	1 404 000	5 143 000	3 213 000	−755 000
Tax	323 000	1 313 000	416 000	0
Net Income	1 082 000	3 830 000	2 797 000	−755 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	1 384 000	1 149 000	0	8 293 000
Total Current Assets	6 084 000	6 059 000	5 138 000	477 000
Total Assets	7 468 000	7 208 000	5 138 000	8 770 000
Total Retained Equity	4 914 000	3 832 000	159 000	−1 232 000
Total Equity	4 974 000	3 892 000	562 000	−1 210 000
Total Long-Term Debt	0	0	800 000	9 961 000
Total Current Debt	2 494 000	3 316 000	3 776 000	19 000
Total Equity and Debt	7 468 000	7 208 000	5 138 000	8 770 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	13 373 000	19 894 000	6 218 000	0
Other Income	25 000	0	103 000	0
Revenue	13 398 000	19 894 000	6 320 000	0
Cost of Goods Sold	3 527 000	4 287 000	1 300 000	0
Salary Costs	2 684 000	2 246 000	211 000	0
Depreciation	96 000	113 000	0	0
Impairment	0	0	0	0
Expenditure	11 968 000	14 732 000	3 899 000	374 000
Operating Profit	1 431 000	5 162 000	2 421 000	−374 000
Financial Income	0	1 000	805 000	0
Financial Costs	27 000	19 000	13 000	381 000
Financial Balance	−27 000	−18 000	792 000	−381 000
Dividends	0	500 000	1 398 000	0
Net Income	1 082 000	3 830 000	2 797 000	−755 000

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	384 000	149 000	0	0
Total Tangible Assets	384 000	149 000	0	0
Total Fiancial Fixed Assets	1 000 000	1 000 000	0	8 293 000
Total Fixed Assets	1 384 000	1 149 000	0	8 293 000
Stock	1 204 000	2 560 000	1 055 000	0
Total Investments	0	0	0	0
Cash, Bank	3 261 000	2 969 000	3 762 000	477 000
Total Current Assets	6 084 000	6 059 000	5 138 000	477 000
Total Assets	7 468 000	7 208 000	5 138 000	8 770 000
Total Equity	4 974 000	3 892 000	562 000	−1 210 000
Short-Term Group Debt	0	0	0	12 000
Total Long-Term Debt	0	0	800 000	9 961 000
Creditors	1 111 000	655 000	1 313 000	1 000
Unpaid Taxes	855 000	995 000	609 000	0
Dividends	0	500 000	1 398 000	0
Other Current Debt	206 000	353 000	41 000	6 000
Total Current Debt	2 494 000	3 316 000	3 776 000	19 000
Total Equity and Debt	7 468 000	7 208 000	5 138 000	8 770 000

Financial indicators	2022	2021	2020	2019
Return on Equity	21,75 %	98,41 %	497,69 %	62,4 %
Debt-to-Equity Ratio	0	0	1,42	−8,23
Operating Profit Margin	10,68 %	25,95 %	38,31 %	-
Current Ratio	2,44	1,83	1,36	25,11
Quick Ratio	4,72	8,01	1,89	25,11
Equity Ratio	0,67	0,54	0,11	−0,14
Gross Profit Margin	73,68 %	78,45 %	79,43 %	-