SPEEDWELL AS

3440 RØYKEN

Finances

Share Ownership

Return on Equity

13 %

Current Ratio

0,08

Debt-to-Equity Ratio

−0,16

Key figures (NOK)	2022	2021	2020	2019
Revenue	496 000	405 000	814 000	1 475 000
Net Income	−108 000	−20 000	−148 000	−254 000
Total Assets	476 000	560 000	614 000	691 000
Total Equity	−831 000	−724 000	−704 000	−556 000

Income (NOK)	2022	2021	2020	2019
Revenue	496 000	405 000	814 000	1 475 000
Expenditure	591 000	417 000	956 000	1 730 000
Operating Profit	−95 000	−13 000	−141 000	−254 000
Financial Income	0	0	0	0
Financial Costs	12 000	7 000	7 000	0
Financial Balance	−12 000	−7 000	−7 000	0
Earnings Before Tax	−108 000	−20 000	−148 000	−254 000
Tax	0	0	0	0
Net Income	−108 000	−20 000	−148 000	−254 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	376 000	470 000	543 000	62 000
Total Current Assets	99 000	90 000	71 000	629 000
Total Assets	476 000	560 000	614 000	691 000
Total Retained Equity	−853 000	−746 000	−726 000	−578 000
Total Equity	−831 000	−724 000	−704 000	−556 000
Total Long-Term Debt	136 000	159 000	185 000	0
Total Current Debt	1 171 000	1 125 000	1 133 000	1 246 000
Total Equity and Debt	476 000	560 000	614 000	691 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	496 000	405 000	814 000	1 475 000
Other Income	0	0	0	0
Revenue	496 000	405 000	814 000	1 475 000
Cost of Goods Sold	0	0	547 000	1 313 000
Salary Costs	319 000	80 000	140 000	307 000
Depreciation	94 000	125 000	93 000	17 000
Impairment	0	0	0	0
Expenditure	591 000	417 000	956 000	1 730 000
Operating Profit	−95 000	−13 000	−141 000	−254 000
Financial Income	0	0	0	0
Financial Costs	12 000	7 000	7 000	0
Financial Balance	−12 000	−7 000	−7 000	0
Dividends	0	0	0	0
Net Income	−108 000	−20 000	−148 000	−254 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	0	0	0	0
Real Eastate	0	0	0	0
Machinery and Plant Facilities	0	0	0	0
Fixtures	376 000	470 000	543 000	62 000
Total Tangible Assets	376 000	470 000	543 000	62 000
Total Fiancial Fixed Assets	0	0	0	0
Total Fixed Assets	376 000	470 000	543 000	62 000
Stock	0	0	0	543 000
Total Investments	0	0	0	0
Cash, Bank	30 000	58 000	35 000	80 000
Total Current Assets	99 000	90 000	71 000	629 000
Total Assets	476 000	560 000	614 000	691 000
Total Equity	−831 000	−724 000	−704 000	−556 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	136 000	159 000	185 000	0
Creditors	18 000	15 000	10 000	2 000
Unpaid Taxes	53 000	3 000	3 000	106 000
Dividends	0	0	0	0
Other Current Debt	1 099 000	1 106 000	1 119 000	1 138 000
Total Current Debt	1 171 000	1 125 000	1 133 000	1 246 000
Total Equity and Debt	476 000	560 000	614 000	691 000

Financial indicators	2022	2021	2020	2019
Return on Equity	13 %	2,76 %	21,02 %	45,68 %
Debt-to-Equity Ratio	−0,16	−0,22	−0,26	−0
Operating Profit Margin	−19,15 %	−3,21 %	−17,32 %	−17,22 %
Current Ratio	0,08	0,08	0,06	0,5
Quick Ratio	0,08	0,08	0,06	0,89
Equity Ratio	−1,75	−1,29	−1,15	−0,8
Gross Profit Margin	100 %	100 %	32,8 %	10,98 %