BORGÅSEN UTVIKLING AS

4836 ARENDAL

Finances

Share Ownership

Return on Equity

120,33 %

Current Ratio

9,09

Debt-to-Equity Ratio

28,45

Key figures (NOK)	2022	2021	2020
Revenue	36 381 000	0	0
Net Income	1 918 000	−344 000	−10 000
Total Assets	52 750 000	8 579 000	7 252 000
Total Equity	1 594 000	−324 000	20 000

Income (NOK)	2022	2021	2020
Revenue	36 381 000	0	0
Expenditure	40 839 000	2 204 000	964 000
Operating Profit	4 085 000	−442 000	−13 000
Financial Income	0	0	0
Financial Costs	1 626 000	0	0
Financial Balance	−1 626 000	0	0
Earnings Before Tax	2 459 000	−442 000	−12 000
Tax	541 000	−97 000	−3 000
Net Income	1 918 000	−344 000	−10 000

Balance (NOK)	2022	2021	2020
Total Fixed Assets	0	100 000	3 000
Total Current Assets	52 750 000	8 479 000	7 249 000
Total Assets	52 750 000	8 579 000	7 252 000
Total Retained Equity	1 564 000	−354 000	−10 000
Total Equity	1 594 000	−324 000	20 000
Total Long-Term Debt	45 350 000	7 800 000	7 000 000
Total Current Debt	5 805 000	1 103 000	231 000
Total Equity and Debt	52 750 000	8 579 000	7 252 000

Cash flow (NOK)	2022	2021	2020
Sales Income	0	0	0
Other Income	36 381 000	0	0
Revenue	36 381 000	0	0
Cost of Goods Sold	39 896 000	1 762 000	951 000
Salary Costs	0	0	0
Depreciation	0	0	0
Impairment	0	0	0
Expenditure	40 839 000	2 204 000	964 000
Operating Profit	4 085 000	−442 000	−13 000
Financial Income	0	0	0
Financial Costs	1 626 000	0	0
Financial Balance	−1 626 000	0	0
Dividends	0	0	0
Net Income	1 918 000	−344 000	−10 000

Balance details (NOK)	2022	2021	2020
Goodwill	0	0	0
Total Intangible Assets	0	100 000	3 000
Real Eastate	0	0	0
Machinery and Plant Facilities	0	0	0
Fixtures	0	0	0
Total Tangible Assets	0	0	0
Total Fiancial Fixed Assets	0	0	0
Total Fixed Assets	0	100 000	3 000
Stock	16 367 000	8 322 000	6 951 000
Total Investments	0	0	0
Cash, Bank	2 000	158 000	298 000
Total Current Assets	52 750 000	8 479 000	7 249 000
Total Assets	52 750 000	8 579 000	7 252 000
Total Equity	1 594 000	−324 000	20 000
Short-Term Group Debt	0	0	0
Total Long-Term Debt	45 350 000	7 800 000	7 000 000
Creditors	5 016 000	23 000	231 000
Unpaid Taxes	0	0	0
Dividends	0	0	0
Other Current Debt	348 000	1 081 000	0
Total Current Debt	5 805 000	1 103 000	231 000
Total Equity and Debt	52 750 000	8 579 000	7 252 000

Financial indicators	2022	2021	2020
Return on Equity	120,33 %	106,17 %	−50 %
Debt-to-Equity Ratio	28,45	−24,07	350
Operating Profit Margin	11,23 %	-	-
Current Ratio	9,09	7,69	31,38
Quick Ratio	−4,99	−1,17	−1,08
Equity Ratio	0,03	−0,04	0
Gross Profit Margin	−9,66 %	-	-