URKORN AS

4013 STAVANGER

Finances

Share Ownership

Return on Equity

105 %

Current Ratio

1,16

Debt-to-Equity Ratio

Key figures (NOK)	2022	2021	2020	2019
Revenue	631 000	491 000	270 000	0
Net Income	21 000	−11 000	28 000	−48 000
Total Assets	156 000	51 000	128 000	14 000
Total Equity	20 000	−1 000	10 000	−18 000

Income (NOK)	2022	2021	2020	2019
Revenue	631 000	491 000	270 000	0
Expenditure	611 000	501 000	242 000	48 000
Operating Profit	21 000	−11 000	28 000	−48 000
Financial Income	0	0	0	0
Financial Costs	0	0	0	0
Financial Balance	0	0	0	0
Earnings Before Tax	21 000	−11 000	28 000	−48 000
Tax	0	0	0	0
Net Income	21 000	−11 000	28 000	−48 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	0	0	0	−32 000
Total Current Assets	156 000	51 000	128 000	45 000
Total Assets	156 000	51 000	128 000	14 000
Total Retained Equity	−10 000	−31 000	−20 000	−48 000
Total Equity	20 000	−1 000	10 000	−18 000
Total Long-Term Debt	0	0	0	0
Total Current Debt	135 000	52 000	118 000	32 000
Total Equity and Debt	156 000	51 000	128 000	14 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	631 000	491 000	270 000	0
Other Income	0	0	0	0
Revenue	631 000	491 000	270 000	0
Cost of Goods Sold	143 000	135 000	70 000	0
Salary Costs	260 000	162 000	0	0
Depreciation	0	0	0	0
Impairment	0	0	0	0
Expenditure	611 000	501 000	242 000	48 000
Operating Profit	21 000	−11 000	28 000	−48 000
Financial Income	0	0	0	0
Financial Costs	0	0	0	0
Financial Balance	0	0	0	0
Dividends	0	0	0	0
Net Income	21 000	−11 000	28 000	−48 000

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	−32 000
Total Fixed Assets	0	0	0	−32 000
Stock	7 000	11 000	14 000	0
Total Investments	0	0	0	0
Cash, Bank	102 000	35 000	101 000	14 000
Total Current Assets	156 000	51 000	128 000	45 000
Total Assets	156 000	51 000	128 000	14 000
Total Equity	20 000	−1 000	10 000	−18 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	0	0	0	0
Creditors	0	0	3 000	0
Unpaid Taxes	15 000	21 000	4 000	0
Dividends	0	0	0	0
Other Current Debt	121 000	30 000	112 000	32 000
Total Current Debt	135 000	52 000	118 000	32 000
Total Equity and Debt	156 000	51 000	128 000	14 000

Financial indicators	2022	2021	2020	2019
Return on Equity	105 %	1 100 %	280 %	266,67 %
Debt-to-Equity Ratio	0	−0	0	−0
Operating Profit Margin	3,33 %	−2,24 %	10,37 %	-
Current Ratio	1,16	0,98	1,08	1,41
Quick Ratio	1,22	1,24	1,23	1,41
Equity Ratio	0,13	−0,02	0,08	−1,29
Gross Profit Margin	77,34 %	72,51 %	74,07 %	-