RAPID GEOLOGY AS

5099 BERGEN

Finances

Share Ownership

Return on Equity

74,11 %

Current Ratio

3,47

Debt-to-Equity Ratio

2,68

Key figures (NOK)	2022	2021	2020
Revenue	1 157 000	663 000	63 000
Net Income	83 000	3 000	1 000
Total Assets	563 000	544 000	758 000
Total Equity	112 000	29 000	26 000

Income (NOK)	2022	2021	2020
Revenue	1 157 000	663 000	63 000
Expenditure	1 029 000	658 000	62 000
Operating Profit	128 000	6 000	1 000
Financial Income	0	0	0
Financial Costs	21 000	3 000	0
Financial Balance	−21 000	−3 000	0
Earnings Before Tax	106 000	3 000	1 000
Tax	23 000	0	0
Net Income	83 000	3 000	1 000

Balance (NOK)	2022	2021	2020
Total Fixed Assets	39 000	66 000	0
Total Current Assets	524 000	477 000	758 000
Total Assets	563 000	544 000	758 000
Total Retained Equity	82 000	−1 000	−4 000
Total Equity	112 000	29 000	26 000
Total Long-Term Debt	300 000	300 000	300 000
Total Current Debt	151 000	214 000	432 000
Total Equity and Debt	563 000	544 000	758 000

Cash flow (NOK)	2022	2021	2020
Sales Income	857 000	363 000	63 000
Other Income	300 000	300 000	0
Revenue	1 157 000	663 000	63 000
Cost of Goods Sold	0	57 000	57 000
Salary Costs	773 000	441 000	0
Depreciation	27 000	15 000	0
Impairment	0	0	0
Expenditure	1 029 000	658 000	62 000
Operating Profit	128 000	6 000	1 000
Financial Income	0	0	0
Financial Costs	21 000	3 000	0
Financial Balance	−21 000	−3 000	0
Dividends	0	0	0
Net Income	83 000	3 000	1 000

Balance details (NOK)	2022	2021	2020
Goodwill	0	0	0
Total Intangible Assets	0	0	0
Real Eastate	0	0	0
Machinery and Plant Facilities	0	0	0
Fixtures	39 000	66 000	0
Total Tangible Assets	39 000	66 000	0
Total Fiancial Fixed Assets	0	0	0
Total Fixed Assets	39 000	66 000	0
Stock	0	0	0
Total Investments	0	0	0
Cash, Bank	220 000	414 000	695 000
Total Current Assets	524 000	477 000	758 000
Total Assets	563 000	544 000	758 000
Total Equity	112 000	29 000	26 000
Short-Term Group Debt	0	0	0
Total Long-Term Debt	300 000	300 000	300 000
Creditors	9 000	105 000	2 000
Unpaid Taxes	36 000	62 000	74 000
Dividends	0	0	0
Other Current Debt	83 000	47 000	357 000
Total Current Debt	151 000	214 000	432 000
Total Equity and Debt	563 000	544 000	758 000

Financial indicators	2022	2021	2020
Return on Equity	74,11 %	10,34 %	3,85 %
Debt-to-Equity Ratio	2,68	10,34	11,54
Operating Profit Margin	11,06 %	0,9 %	1,59 %
Current Ratio	3,47	2,23	1,75
Quick Ratio	3,47	2,23	1,75
Equity Ratio	0,2	0,05	0,03
Gross Profit Margin	100 %	91,4 %	9,52 %