KEYSTONE ACADEMIC SOLUTIONS AS

1364 FORNEBU

Finances

Return on Equity

−27,48 %

Current Ratio

0,45

Debt-to-Equity Ratio

0,93

Key figures (USD)	2022	2021	2020	2019
Revenue	19 475 000	18 900 000	139 125 000	129 188 000
Net Income	−18 186 000	−3 400 000	3 722 000	−7 642 000
Total Assets	150 375 000	169 300 000	94 187 000	76 545 000
Total Equity	66 170 000	93 200 000	13 281 000	4 658 000

Income (USD)	2022	2021	2020	2019
Revenue	19 475 000	18 900 000	139 125 000	129 188 000
Expenditure	26 492 000	22 700 000	135 762 000	139 268 000
Operating Profit	−7 017 000	−3 800 000	3 363 000	−10 080 000
Financial Income	1 547 000	4 300 000	5 070 000	2 422 000
Financial Costs	12 310 000	4 100 000	3 612 000	2 200 000
Financial Balance	−10 763 000	200 000	1 458 000	222 000
Earnings Before Tax	−17 780 000	−3 600 000	4 821 000	−9 858 000
Tax	406 000	−100 000	1 099 000	−2 215 000
Net Income	−18 186 000	−3 400 000	3 722 000	−7 642 000

Balance (USD)	2022	2021	2020	2019
Total Fixed Assets	140 397 000	161 000 000	23 682 000	25 959 000
Total Current Assets	9 978 000	8 300 000	70 506 000	50 585 000
Total Assets	150 375 000	169 300 000	94 187 000	76 545 000
Total Retained Equity	66 170 000	0	−12 947 000	−20 985 000
Total Equity	66 170 000	93 200 000	13 281 000	4 658 000
Total Long-Term Debt	61 831 000	57 100 000	2 536 000	9 375 000
Total Current Debt	22 374 000	19 000 000	78 371 000	62 512 000
Total Equity and Debt	150 375 000	169 300 000	94 187 000	76 545 000

Cash flow (USD)	2022	2021	2020	2019
Sales Income	19 475 000	18 900 000	139 125 000	129 188 000
Other Income	0	0	0	0
Revenue	19 475 000	18 900 000	139 125 000	129 188 000
Cost of Goods Sold	369 000	500 000	0	0
Salary Costs	13 930 000	13 800 000	82 075 000	96 399 000
Depreciation	8 768 000	1 900 000	9 576 000	6 653 000
Impairment	0	0	0	0
Expenditure	26 492 000	22 700 000	135 762 000	139 268 000
Operating Profit	−7 017 000	−3 800 000	3 363 000	−10 080 000
Financial Income	1 547 000	4 300 000	5 070 000	2 422 000
Financial Costs	12 310 000	4 100 000	3 612 000	2 200 000
Financial Balance	−10 763 000	200 000	1 458 000	222 000
Dividends	0	0	0	0
Net Income	−18 186 000	−3 400 000	3 722 000	−7 642 000

Balance details (USD)	2022	2021	2020	2019
Goodwill	4 766 000	0	0	0
Total Intangible Assets	4 766 000	6 800 000	19 916 000	21 264 000
Real Eastate	352 000	0	0	0
Machinery and Plant Facilities	104 000	0	0	0
Fixtures	0	500 000	2 203 000	2 846 000
Total Tangible Assets	456 000	500 000	2 203 000	2 846 000
Total Fiancial Fixed Assets	135 175 000	153 700 000	1 563 000	1 850 000
Total Fixed Assets	140 397 000	161 000 000	23 682 000	25 959 000
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	3 919 000	1 500 000	34 815 000	15 463 000
Total Current Assets	9 978 000	8 300 000	70 506 000	50 585 000
Total Assets	150 375 000	169 300 000	94 187 000	76 545 000
Total Equity	66 170 000	93 200 000	13 281 000	4 658 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	61 831 000	57 100 000	2 536 000	9 375 000
Creditors	0	500 000	5 531 000	1 375 000
Unpaid Taxes	1 068 000	1 300 000	7 643 000	7 747 000
Dividends	0	0	0	0
Other Current Debt	20 107 000	17 200 000	65 196 000	53 390 000
Total Current Debt	22 374 000	19 000 000	78 371 000	62 512 000
Total Equity and Debt	150 375 000	169 300 000	94 187 000	76 545 000

Financial indicators	2022	2021	2020	2019
Return on Equity	−27,48 %	−3,65 %	28,02 %	−164,06 %
Debt-to-Equity Ratio	0,93	0,61	0,19	2,01
Operating Profit Margin	−36,03 %	−20,11 %	2,42 %	−7,8 %
Current Ratio	0,45	0,44	0,9	0,81
Quick Ratio	0,45	0,44	0,9	0,81
Equity Ratio	0,44	0,55	0,14	0,06
Gross Profit Margin	98,11 %	97,35 %	100 %	100 %