QONNECT AS

3271 LARVIK

Finances

Share Ownership

Return on Equity

30,5 %

Current Ratio

0,04

Debt-to-Equity Ratio

−0

Key figures (NOK)	2021	2020	2019	2018
Revenue	254 000	462 000	50 000	90 000
Net Income	−43 000	−93 000	−27 000	4 000
Total Assets	16 000	30 000	15 000	98 000
Total Equity	−141 000	−98 000	−5 000	22 000

Income (NOK)	2021	2020	2019	2018
Revenue	254 000	462 000	50 000	90 000
Expenditure	297 000	553 000	77 000	77 000
Operating Profit	−43 000	−92 000	−27 000	13 000
Financial Income	0	0	0	0
Financial Costs	0	0	0	0
Financial Balance	0	0	0	0
Earnings Before Tax	−43 000	−93 000	−27 000	13 000
Tax	0	0	0	9 000
Net Income	−43 000	−93 000	−27 000	4 000

Balance (NOK)	2021	2020	2019	2018
Total Fixed Assets	9 000	14 000	0	0
Total Current Assets	7 000	17 000	15 000	98 000
Total Assets	16 000	30 000	15 000	98 000
Total Retained Equity	−185 000	−142 000	−50 000	−22 000
Total Equity	−141 000	−98 000	−5 000	22 000
Total Long-Term Debt	0	0	0	0
Total Current Debt	157 000	128 000	20 000	76 000
Total Equity and Debt	16 000	30 000	15 000	98 000

Cash flow (NOK)	2021	2020	2019	2018
Sales Income	254 000	462 000	50 000	90 000
Other Income	0	0	0	0
Revenue	254 000	462 000	50 000	90 000
Cost of Goods Sold	13 000	18 000	11 000	29 000
Salary Costs	111 000	265 000	2 000	0
Depreciation	5 000	1 000	0	0
Impairment	0	0	0	0
Expenditure	297 000	553 000	77 000	77 000
Operating Profit	−43 000	−92 000	−27 000	13 000
Financial Income	0	0	0	0
Financial Costs	0	0	0	0
Financial Balance	0	0	0	0
Dividends	0	0	0	0
Net Income	−43 000	−93 000	−27 000	4 000

Balance details (NOK)	2021	2020	2019	2018
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	9 000	14 000	0	0
Total Tangible Assets	9 000	14 000	0	0
Total Fiancial Fixed Assets	0	0	0	0
Total Fixed Assets	9 000	14 000	0	0
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	0	17 000	9 000	11 000
Total Current Assets	7 000	17 000	15 000	98 000
Total Assets	16 000	30 000	15 000	98 000
Total Equity	−141 000	−98 000	−5 000	22 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	0	0	0	0
Creditors	19 000	10 000	−6 000	6 000
Unpaid Taxes	86 000	71 000	6 000	22 000
Dividends	0	0	0	0
Other Current Debt	52 000	47 000	21 000	48 000
Total Current Debt	157 000	128 000	20 000	76 000
Total Equity and Debt	16 000	30 000	15 000	98 000

Financial indicators	2021	2020	2019	2018
Return on Equity	30,5 %	94,9 %	540 %	18,18 %
Debt-to-Equity Ratio	−0	−0	−0	0
Operating Profit Margin	−16,93 %	−19,91 %	−54 %	14,44 %
Current Ratio	0,04	0,13	0,75	1,29
Quick Ratio	0,04	0,13	0,75	1,29
Equity Ratio	−8,81	−3,27	−0,33	0,22
Gross Profit Margin	94,88 %	96,1 %	78 %	67,78 %