ECOBAIT AS

6700 MÅLØY

Finances

Share Ownership

Return on Equity

−8,11 %

Current Ratio

4,11

Debt-to-Equity Ratio

Key figures (NOK)	2022	2021	2020	2019
Revenue	14 897 000	11 972 000	16 895 000	6 280 000
Net Income	−1 283 000	−2 567 000	−1 304 000	−4 005 000
Total Assets	20 817 000	2 974 000	4 627 000	4 891 000
Total Equity	15 824 000	−341 000	2 226 000	261 000

Income (NOK)	2022	2021	2020	2019
Revenue	14 897 000	11 972 000	16 895 000	6 280 000
Expenditure	16 123 000	14 485 000	18 113 000	10 163 000
Operating Profit	−1 224 000	−2 512 000	−1 218 000	−3 884 000
Financial Income	8 000	8 000	6 000	2 000
Financial Costs	67 000	62 000	93 000	124 000
Financial Balance	−59 000	−54 000	−87 000	−122 000
Earnings Before Tax	−1 283 000	−2 567 000	−1 304 000	−4 005 000
Tax	0	0	0	0
Net Income	−1 283 000	−2 567 000	−1 304 000	−4 005 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	316 000	395 000	434 000	652 000
Total Current Assets	20 501 000	2 579 000	4 194 000	4 239 000
Total Assets	20 817 000	2 974 000	4 627 000	4 891 000
Total Retained Equity	−10 336 000	−9 054 000	−6 487 000	−5 183 000
Total Equity	15 824 000	−341 000	2 226 000	261 000
Total Long-Term Debt	0	0	0	0
Total Current Debt	4 993 000	3 315 000	2 401 000	4 630 000
Total Equity and Debt	20 817 000	2 974 000	4 627 000	4 891 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	0	0	0	4 280 000
Other Income	14 897 000	11 972 000	16 895 000	2 000 000
Revenue	14 897 000	11 972 000	16 895 000	6 280 000
Cost of Goods Sold	3 308 000	772 000	299 000	971 000
Salary Costs	2 938 000	2 794 000	2 298 000	2 583 000
Depreciation	143 000	128 000	144 000	146 000
Impairment	0	0	0	0
Expenditure	16 123 000	14 485 000	18 113 000	10 163 000
Operating Profit	−1 224 000	−2 512 000	−1 218 000	−3 884 000
Financial Income	8 000	8 000	6 000	2 000
Financial Costs	67 000	62 000	93 000	124 000
Financial Balance	−59 000	−54 000	−87 000	−122 000
Dividends	0	0	0	0
Net Income	−1 283 000	−2 567 000	−1 304 000	−4 005 000

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	306 000	380 000	414 000	637 000
Fixtures	5 000	10 000	15 000	9 000
Total Tangible Assets	311 000	390 000	429 000	647 000
Total Fiancial Fixed Assets	5 000	5 000	5 000	5 000
Total Fixed Assets	316 000	395 000	434 000	652 000
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	17 003 000	1 926 000	2 413 000	883 000
Total Current Assets	20 501 000	2 579 000	4 194 000	4 239 000
Total Assets	20 817 000	2 974 000	4 627 000	4 891 000
Total Equity	15 824 000	−341 000	2 226 000	261 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	0	0	0	0
Creditors	4 426 000	1 546 000	392 000	1 038 000
Unpaid Taxes	293 000	243 000	196 000	219 000
Dividends	0	0	0	0
Other Current Debt	274 000	363 000	318 000	373 000
Total Current Debt	4 993 000	3 315 000	2 401 000	4 630 000
Total Equity and Debt	20 817 000	2 974 000	4 627 000	4 891 000

Financial indicators	2022	2021	2020	2019
Return on Equity	−8,11 %	752,79 %	−58,58 %	−1 534,48 %
Debt-to-Equity Ratio	0	−0	0	0
Operating Profit Margin	−8,22 %	−20,98 %	−7,21 %	−61,85 %
Current Ratio	4,11	0,78	1,75	0,92
Quick Ratio	4,11	0,78	1,75	0,92
Equity Ratio	0,76	−0,11	0,48	0,05
Gross Profit Margin	77,79 %	93,55 %	98,23 %	84,54 %