NORDIC HORSE CARE AS

2100 SKARNES

Finances

Share Ownership

Return on Equity

71,73 %

Current Ratio

0,42

Debt-to-Equity Ratio

−0,53

Key figures (NOK)	2022	2021	2020	2019
Revenue	177 000	163 000	131 000	34 000
Net Income	−406 000	−308 000	−47 000	−100 000
Total Assets	210 000	617 000	357 000	115 000
Total Equity	−566 000	−160 000	−156 000	−156 000

Income (NOK)	2022	2021	2020	2019
Revenue	177 000	163 000	131 000	34 000
Expenditure	581 000	554 000	266 000	155 000
Operating Profit	−404 000	−391 000	−58 000	−99 000
Financial Income	1 000	0	0	0
Financial Costs	3 000	2 000	3 000	2 000
Financial Balance	−2 000	−2 000	−3 000	−2 000
Earnings Before Tax	−406 000	−393 000	−61 000	−100 000
Tax	0	−86 000	−13 000	0
Net Income	−406 000	−308 000	−47 000	−100 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	12 000	12 000	0	0
Total Current Assets	198 000	605 000	357 000	115 000
Total Assets	210 000	617 000	357 000	115 000
Total Retained Equity	−900 000	−494 000	−186 000	−186 000
Total Equity	−566 000	−160 000	−156 000	−156 000
Total Long-Term Debt	300 000	300 000	300 000	0
Total Current Debt	476 000	478 000	213 000	271 000
Total Equity and Debt	210 000	617 000	357 000	115 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	147 000	133 000	81 000	34 000
Other Income	30 000	30 000	50 000	0
Revenue	177 000	163 000	131 000	34 000
Cost of Goods Sold	233 000	252 000	93 000	6 000
Salary Costs	0	1 000	0	0
Depreciation	0	0	0	0
Impairment	0	0	0	0
Expenditure	581 000	554 000	266 000	155 000
Operating Profit	−404 000	−391 000	−58 000	−99 000
Financial Income	1 000	0	0	0
Financial Costs	3 000	2 000	3 000	2 000
Financial Balance	−2 000	−2 000	−3 000	−2 000
Dividends	0	0	0	0
Net Income	−406 000	−308 000	−47 000	−100 000

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	12 000	12 000	0	0
Total Fixed Assets	12 000	12 000	0	0
Stock	165 000	140 000	252 000	91 000
Total Investments	0	0	0	0
Cash, Bank	1 000	26 000	15 000	23 000
Total Current Assets	198 000	605 000	357 000	115 000
Total Assets	210 000	617 000	357 000	115 000
Total Equity	−566 000	−160 000	−156 000	−156 000
Short-Term Group Debt	432 000	362 000	153 000	117 000
Total Long-Term Debt	300 000	300 000	300 000	0
Creditors	32 000	52 000	11 000	9 000
Unpaid Taxes	0	0	0	0
Dividends	0	0	0	0
Other Current Debt	12 000	63 000	50 000	145 000
Total Current Debt	476 000	478 000	213 000	271 000
Total Equity and Debt	210 000	617 000	357 000	115 000

Financial indicators	2022	2021	2020	2019
Return on Equity	71,73 %	192,5 %	30,13 %	64,1 %
Debt-to-Equity Ratio	−0,53	−1,88	−1,92	−0
Operating Profit Margin	−228,25 %	−239,88 %	−44,27 %	−291,18 %
Current Ratio	0,42	1,27	1,68	0,42
Quick Ratio	0,64	1,79	−9,15	0,64
Equity Ratio	−2,7	−0,26	−0,44	−1,36
Gross Profit Margin	−31,64 %	−54,6 %	29,01 %	82,35 %