SINEC SYSTEMS AS

6017 ÅLESUND

Finances

Share Ownership

Return on Equity

−97,7 %

Current Ratio

2,17

Debt-to-Equity Ratio

0,5

Key figures (NOK)	2022	2021	2020
Revenue	0	784 000	336 000
Net Income	−977 000	−765 000	−385 000
Total Assets	2 782 000	2 610 000	512 000
Total Equity	1 000 000	1 844 000	109 000

Income (NOK)	2022	2021	2020
Revenue	0	784 000	336 000
Expenditure	1 310 000	1 549 000	721 000
Operating Profit	−1 310 000	−766 000	−385 000
Financial Income	1 000	1 000	0
Financial Costs	0	0	0
Financial Balance	1 000	1 000	0
Earnings Before Tax	−1 309 000	−765 000	−385 000
Tax	−332 000	0	0
Net Income	−977 000	−765 000	−385 000

Balance (NOK)	2022	2021	2020
Total Fixed Assets	0	0	0
Total Current Assets	2 782 000	2 610 000	512 000
Total Assets	2 782 000	2 610 000	512 000
Total Retained Equity	0	−1 150 000	−385 000
Total Equity	1 000 000	1 844 000	109 000
Total Long-Term Debt	500 000	0	0
Total Current Debt	1 282 000	766 000	403 000
Total Equity and Debt	2 782 000	2 610 000	512 000

Cash flow (NOK)	2022	2021	2020
Sales Income	0	0	0
Other Income	0	784 000	336 000
Revenue	0	784 000	336 000
Cost of Goods Sold	0	0	0
Salary Costs	1 176 000	1 023 000	652 000
Depreciation	0	0	0
Impairment	0	0	0
Expenditure	1 310 000	1 549 000	721 000
Operating Profit	−1 310 000	−766 000	−385 000
Financial Income	1 000	1 000	0
Financial Costs	0	0	0
Financial Balance	1 000	1 000	0
Dividends	0	0	0
Net Income	−977 000	−765 000	−385 000

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	0	0	0
Total Tangible Assets	0	0	0
Total Fiancial Fixed Assets	0	0	0
Total Fixed Assets	0	0	0
Stock	0	0	0
Total Investments	0	0	0
Cash, Bank	1 273 000	2 610 000	512 000
Total Current Assets	2 782 000	2 610 000	512 000
Total Assets	2 782 000	2 610 000	512 000
Total Equity	1 000 000	1 844 000	109 000
Short-Term Group Debt	1 044 000	0	0
Total Long-Term Debt	500 000	0	0
Creditors	12 000	16 000	40 000
Unpaid Taxes	114 000	154 000	304 000
Dividends	0	0	0
Other Current Debt	112 000	596 000	59 000
Total Current Debt	1 282 000	766 000	403 000
Total Equity and Debt	2 782 000	2 610 000	512 000

Financial indicators	2022	2021	2020
Return on Equity	−97,7 %	−41,49 %	−353,21 %
Debt-to-Equity Ratio	0,5	0	0
Operating Profit Margin	-	−97,7 %	−114,58 %
Current Ratio	2,17	3,41	1,27
Quick Ratio	2,17	3,41	1,27
Equity Ratio	0,36	0,71	0,21
Gross Profit Margin	-	100 %	100 %