PIPE SUPPORT VERIFICATION AS

1388 BORGEN

Finances

Share Ownership

Return on Equity

71,22 %

Current Ratio

1,47

Debt-to-Equity Ratio

Key figures (NOK)	2022	2021	2020	2019
Revenue	5 841 000	2 011 000	944 000	1 861 000
Net Income	767 000	190 000	−265 000	240 000
Total Assets	3 347 000	968 000	318 000	782 000
Total Equity	1 077 000	310 000	120 000	385 000

Income (NOK)	2022	2021	2020	2019
Revenue	5 841 000	2 011 000	944 000	1 861 000
Expenditure	4 857 000	1 767 000	1 283 000	1 554 000
Operating Profit	984 000	244 000	−340 000	306 000
Financial Income	0	0	0	2 000
Financial Costs	0	0	0	1 000
Financial Balance	0	0	0	1 000
Earnings Before Tax	984 000	244 000	−340 000	307 000
Tax	216 000	54 000	−75 000	68 000
Net Income	767 000	190 000	−265 000	240 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	0	0	0	0
Total Current Assets	3 347 000	968 000	318 000	782 000
Total Assets	3 347 000	968 000	318 000	782 000
Total Retained Equity	1 053 000	286 000	95 000	360 000
Total Equity	1 077 000	310 000	120 000	385 000
Total Long-Term Debt	0	0	0	0
Total Current Debt	2 270 000	658 000	198 000	397 000
Total Equity and Debt	3 347 000	968 000	318 000	782 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	5 841 000	2 011 000	944 000	1 861 000
Other Income	0	0	0	0
Revenue	5 841 000	2 011 000	944 000	1 861 000
Cost of Goods Sold	0	0	0	0
Salary Costs	4 742 000	1 704 000	1 192 000	1 318 000
Depreciation	0	0	0	0
Impairment	0	0	0	0
Expenditure	4 857 000	1 767 000	1 283 000	1 554 000
Operating Profit	984 000	244 000	−340 000	306 000
Financial Income	0	0	0	2 000
Financial Costs	0	0	0	1 000
Financial Balance	0	0	0	1 000
Dividends	0	0	0	0
Net Income	767 000	190 000	−265 000	240 000

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	0	0	0	0
Total Tangible Assets	0	0	0	0
Total Fiancial Fixed Assets	0	0	0	0
Total Fixed Assets	0	0	0	0
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	2 327 000	500 000	236 000	638 000
Total Current Assets	3 347 000	968 000	318 000	782 000
Total Assets	3 347 000	968 000	318 000	782 000
Total Equity	1 077 000	310 000	120 000	385 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	0	0	0	0
Creditors	6 000	4 000	0	2 000
Unpaid Taxes	900 000	317 000	70 000	186 000
Dividends	0	0	0	0
Other Current Debt	1 147 000	283 000	128 000	141 000
Total Current Debt	2 270 000	658 000	198 000	397 000
Total Equity and Debt	3 347 000	968 000	318 000	782 000

Financial indicators	2022	2021	2020	2019
Return on Equity	71,22 %	61,29 %	−220,83 %	62,34 %
Debt-to-Equity Ratio	0	0	0	0
Operating Profit Margin	16,85 %	12,13 %	−36,02 %	16,44 %
Current Ratio	1,47	1,47	1,61	1,97
Quick Ratio	1,47	1,47	1,61	1,97
Equity Ratio	0,32	0,32	0,38	0,49
Gross Profit Margin	100 %	100 %	100 %	100 %