REC INVEST AS

6018 ÅLESUND

Finances

Return on Equity

−77,92 %

Current Ratio

29,57

Debt-to-Equity Ratio

0,26

Key figures (NOK)	2022	2021	2020	2019
Revenue	0	2 143 000	1 066 000	1 027 000
Net Income	−533 000	327 000	−371 000	220 000
Total Assets	895 000	1 487 000	2 016 000	2 457 000
Total Equity	684 000	1 217 000	890 000	1 262 000

Income (NOK)	2022	2021	2020	2019
Revenue	0	2 143 000	1 066 000	1 027 000
Expenditure	43 000	2 027 000	959 000	888 000
Operating Profit	−43 000	116 000	107 000	138 000
Financial Income	2 000	451 000	126 000	314 000
Financial Costs	501 000	228 000	602 000	221 000
Financial Balance	−499 000	223 000	−476 000	93 000
Earnings Before Tax	−542 000	340 000	−368 000	231 000
Tax	−8 000	13 000	3 000	11 000
Net Income	−533 000	327 000	−371 000	220 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	8 000	0	0	3 000
Total Current Assets	887 000	1 487 000	2 016 000	2 454 000
Total Assets	895 000	1 487 000	2 016 000	2 457 000
Total Retained Equity	−647 000	−113 000	−440 000	−69 000
Total Equity	684 000	1 217 000	890 000	1 262 000
Total Long-Term Debt	181 000	181 000	935 000	1 006 000
Total Current Debt	30 000	88 000	191 000	189 000
Total Equity and Debt	895 000	1 487 000	2 016 000	2 457 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	0	2 143 000	1 066 000	1 027 000
Other Income	0	0	0	0
Revenue	0	2 143 000	1 066 000	1 027 000
Cost of Goods Sold	0	1 088 000	0	0
Salary Costs	0	793 000	913 000	832 000
Depreciation	0	0	0	3 000
Impairment	0	0	0	0
Expenditure	43 000	2 027 000	959 000	888 000
Operating Profit	−43 000	116 000	107 000	138 000
Financial Income	2 000	451 000	126 000	314 000
Financial Costs	501 000	228 000	602 000	221 000
Financial Balance	−499 000	223 000	−476 000	93 000
Dividends	0	0	0	0
Net Income	−533 000	327 000	−371 000	220 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	8 000	0	0	3 000
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	8 000	0	0	3 000
Stock	0	0	0	0
Total Investments	879 000	495 000	667 000	1 100 000
Cash, Bank	6 000	991 000	117 000	123 000
Total Current Assets	887 000	1 487 000	2 016 000	2 454 000
Total Assets	895 000	1 487 000	2 016 000	2 457 000
Total Equity	684 000	1 217 000	890 000	1 262 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	181 000	181 000	935 000	1 006 000
Creditors	2 000	2 000	0	4 000
Unpaid Taxes	0	0	106 000	98 000
Dividends	0	0	0	0
Other Current Debt	28 000	73 000	85 000	77 000
Total Current Debt	30 000	88 000	191 000	189 000
Total Equity and Debt	895 000	1 487 000	2 016 000	2 457 000

Financial indicators	2022	2021	2020	2019
Return on Equity	−77,92 %	26,87 %	−41,69 %	17,43 %
Debt-to-Equity Ratio	0,26	0,15	1,05	0,8
Operating Profit Margin	-	5,41 %	10,04 %	13,44 %
Current Ratio	29,57	16,9	10,55	12,98
Quick Ratio	29,57	16,9	10,55	12,98
Equity Ratio	0,76	0,82	0,44	0,51
Gross Profit Margin	-	49,23 %	100 %	100 %