CINENORD AS

0172 OSLO

Finances

Return on Equity

34,53 %

Current Ratio

1,08

Debt-to-Equity Ratio

−1,16

Key figures (NOK)	2022	2021	2020
Revenue	43 940 000	3 732 000	270 000
Net Income	−5 588 000	−4 810 000	−8 000 000
Total Assets	28 000 000	4 146 000	1 995 000
Total Equity	−16 181 000	−10 593 000	−5 784 000

Income (NOK)	2022	2021	2020
Revenue	43 940 000	3 732 000	270 000
Expenditure	48 242 000	8 840 000	8 418 000
Operating Profit	−4 303 000	−5 108 000	−8 148 000
Financial Income	9 000	394 000	163 000
Financial Costs	1 294 000	95 000	16 000
Financial Balance	−1 285 000	299 000	147 000
Earnings Before Tax	−5 588 000	−4 810 000	−8 000 000
Tax	0	0	0
Net Income	−5 588 000	−4 810 000	−8 000 000

Balance (NOK)	2022	2021	2020
Total Fixed Assets	460 000	507 000	507 000
Total Current Assets	27 540 000	3 639 000	1 488 000
Total Assets	28 000 000	4 146 000	1 995 000
Total Retained Equity	−18 398 000	−12 810 000	−8 000 000
Total Equity	−16 181 000	−10 593 000	−5 784 000
Total Long-Term Debt	18 747 000	12 032 000	6 852 000
Total Current Debt	25 434 000	2 708 000	927 000
Total Equity and Debt	28 000 000	4 146 000	1 995 000

Cash flow (NOK)	2022	2021	2020
Sales Income	43 940 000	3 732 000	270 000
Other Income	0	0	0
Revenue	43 940 000	3 732 000	270 000
Cost of Goods Sold	38 769 000	110 000	1 257 000
Salary Costs	7 182 000	6 102 000	2 960 000
Depreciation	47 000	0	128 000
Impairment	0	0	0
Expenditure	48 242 000	8 840 000	8 418 000
Operating Profit	−4 303 000	−5 108 000	−8 148 000
Financial Income	9 000	394 000	163 000
Financial Costs	1 294 000	95 000	16 000
Financial Balance	−1 285 000	299 000	147 000
Dividends	0	0	0
Net Income	−5 588 000	−4 810 000	−8 000 000

Balance details (NOK)	2022	2021	2020
Goodwill	0	0	0
Total Intangible Assets	400 000	400 000	400 000
Real Eastate	0	0	0
Machinery and Plant Facilities	0	0	0
Fixtures	0	47 000	47 000
Total Tangible Assets	0	47 000	47 000
Total Fiancial Fixed Assets	60 000	60 000	60 000
Total Fixed Assets	460 000	507 000	507 000
Stock	4 149 000	2 907 000	457 000
Total Investments	0	0	0
Cash, Bank	3 549 000	466 000	895 000
Total Current Assets	27 540 000	3 639 000	1 488 000
Total Assets	28 000 000	4 146 000	1 995 000
Total Equity	−16 181 000	−10 593 000	−5 784 000
Short-Term Group Debt	0	550 000	100 000
Total Long-Term Debt	18 747 000	12 032 000	6 852 000
Creditors	2 707 000	647 000	229 000
Unpaid Taxes	472 000	723 000	306 000
Dividends	0	0	0
Other Current Debt	22 255 000	788 000	292 000
Total Current Debt	25 434 000	2 708 000	927 000
Total Equity and Debt	28 000 000	4 146 000	1 995 000

Financial indicators	2022	2021	2020
Return on Equity	34,53 %	45,41 %	138,31 %
Debt-to-Equity Ratio	−1,16	−1,14	−1,18
Operating Profit Margin	−9,79 %	−136,87 %	−3 017,78 %
Current Ratio	1,08	1,34	1,61
Quick Ratio	1,29	−18,29	3,17
Equity Ratio	−0,58	−2,55	−2,9
Gross Profit Margin	11,77 %	97,05 %	−365,56 %