SRC NORDIC AS

0275 OSLO

Finances

Share Ownership

Return on Equity

34,36 %

Current Ratio

0,23

Debt-to-Equity Ratio

−0

Key figures (NOK)	2022	2021	2020	2019
Revenue	19 777 000	14 139 000	2 272 000	9 212 000
Net Income	−1 803 000	−1 039 000	−1 778 000	−1 166 000
Total Assets	3 905 000	2 523 000	3 451 000	1 449 000
Total Equity	−5 248 000	−3 445 000	−2 406 000	−629 000

Income (NOK)	2022	2021	2020	2019
Revenue	19 777 000	14 139 000	2 272 000	9 212 000
Expenditure	21 662 000	15 486 000	4 276 000	10 501 000
Operating Profit	−1 884 000	−1 346 000	−2 003 000	−1 290 000
Financial Income	881 000	1 010 000	598 000	322 000
Financial Costs	1 299 000	996 000	873 000	526 000
Financial Balance	−418 000	14 000	−275 000	−204 000
Earnings Before Tax	−2 302 000	−1 332 000	−2 279 000	−1 494 000
Tax	−499 000	−293 000	−501 000	−329 000
Net Income	−1 803 000	−1 039 000	−1 778 000	−1 166 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	1 760 000	1 266 000	946 000	444 000
Total Current Assets	2 145 000	1 258 000	2 506 000	1 004 000
Total Assets	3 905 000	2 523 000	3 451 000	1 449 000
Total Retained Equity	−5 358 000	−3 555 000	−2 516 000	−739 000
Total Equity	−5 248 000	−3 445 000	−2 406 000	−629 000
Total Long-Term Debt	0	0	0	0
Total Current Debt	9 152 000	5 968 000	5 858 000	2 077 000
Total Equity and Debt	3 905 000	2 523 000	3 451 000	1 449 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	19 777 000	14 139 000	2 272 000	9 212 000
Other Income	0	0	0	0
Revenue	19 777 000	14 139 000	2 272 000	9 212 000
Cost of Goods Sold	18 941 000	13 215 000	1 893 000	8 002 000
Salary Costs	1 934 000	1 876 000	2 047 000	1 502 000
Depreciation	6 000	1 000	0	0
Impairment	0	0	0	0
Expenditure	21 662 000	15 486 000	4 276 000	10 501 000
Operating Profit	−1 884 000	−1 346 000	−2 003 000	−1 290 000
Financial Income	881 000	1 010 000	598 000	322 000
Financial Costs	1 299 000	996 000	873 000	526 000
Financial Balance	−418 000	14 000	−275 000	−204 000
Dividends	0	0	0	0
Net Income	−1 803 000	−1 039 000	−1 778 000	−1 166 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	1 738 000	1 239 000	946 000	444 000
Real Eastate	0	0	0	0
Machinery and Plant Facilities	0	0	0	0
Fixtures	21 000	27 000	0	0
Total Tangible Assets	21 000	27 000	0	0
Total Fiancial Fixed Assets	0	0	0	0
Total Fixed Assets	1 760 000	1 266 000	946 000	444 000
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	156 000	1 144 000	1 359 000	682 000
Total Current Assets	2 145 000	1 258 000	2 506 000	1 004 000
Total Assets	3 905 000	2 523 000	3 451 000	1 449 000
Total Equity	−5 248 000	−3 445 000	−2 406 000	−629 000
Short-Term Group Debt	4 858 000	2 916 000	3 954 000	248 000
Total Long-Term Debt	0	0	0	0
Creditors	553 000	68 000	0	1 780 000
Unpaid Taxes	1 518 000	151 000	362 000	0
Dividends	0	0	0	0
Other Current Debt	2 223 000	2 833 000	1 541 000	49 000
Total Current Debt	9 152 000	5 968 000	5 858 000	2 077 000
Total Equity and Debt	3 905 000	2 523 000	3 451 000	1 449 000

Financial indicators	2022	2021	2020	2019
Return on Equity	34,36 %	30,16 %	73,9 %	185,37 %
Debt-to-Equity Ratio	−0	−0	−0	−0
Operating Profit Margin	−9,53 %	−9,52 %	−88,16 %	−14 %
Current Ratio	0,23	0,21	0,43	0,48
Quick Ratio	0,23	0,21	0,43	0,48
Equity Ratio	−1,34	−1,37	−0,7	−0,43
Gross Profit Margin	4,23 %	6,54 %	16,68 %	13,14 %