ZETHUS AS

1396 BILLINGSTAD

Finances

Share Ownership

Return on Equity

84,66 %

Current Ratio

1,12

Debt-to-Equity Ratio

0,56

Key figures (NOK)	2022	2021	2020	2019
Revenue	38 074 000	25 999 000	5 404 000	0
Net Income	2 053 000	291 000	200 000	−4 000
Total Assets	15 586 000	15 426 000	8 998 000	10 000
Total Equity	2 425 000	485 000	194 000	−6 000

Income (NOK)	2022	2021	2020	2019
Revenue	38 074 000	25 999 000	5 404 000	0
Expenditure	35 268 000	25 566 000	5 106 000	4 000
Operating Profit	2 805 000	434 000	298 000	−4 000
Financial Income	54 000	21 000	6 000	0
Financial Costs	114 000	80 000	46 000	0
Financial Balance	−60 000	−59 000	−40 000	0
Earnings Before Tax	2 744 000	374 000	258 000	−4 000
Tax	692 000	84 000	58 000	0
Net Income	2 053 000	291 000	200 000	−4 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	2 413 000	3 248 000	1 150 000	0
Total Current Assets	13 174 000	12 179 000	7 848 000	10 000
Total Assets	15 586 000	15 426 000	8 998 000	10 000
Total Retained Equity	2 365 000	425 000	164 000	−36 000
Total Equity	2 425 000	485 000	194 000	−6 000
Total Long-Term Debt	1 350 000	1 015 000	620 000	0
Total Current Debt	11 811 000	13 927 000	8 184 000	16 000
Total Equity and Debt	15 586 000	15 426 000	8 998 000	10 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	38 064 000	25 999 000	5 404 000	0
Other Income	10 000	0	0	0
Revenue	38 074 000	25 999 000	5 404 000	0
Cost of Goods Sold	17 326 000	11 312 000	34 000	0
Salary Costs	13 095 000	11 233 000	3 778 000	0
Depreciation	479 000	340 000	84 000	0
Impairment	0	0	0	0
Expenditure	35 268 000	25 566 000	5 106 000	4 000
Operating Profit	2 805 000	434 000	298 000	−4 000
Financial Income	54 000	21 000	6 000	0
Financial Costs	114 000	80 000	46 000	0
Financial Balance	−60 000	−59 000	−40 000	0
Dividends	0	0	0	0
Net Income	2 053 000	291 000	200 000	−4 000

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	1 663 000	1 887 000	999 000	0
Total Tangible Assets	1 663 000	1 887 000	999 000	0
Total Fiancial Fixed Assets	749 000	1 360 000	151 000	0
Total Fixed Assets	2 413 000	3 248 000	1 150 000	0
Stock	9 192 000	5 815 000	3 651 000	0
Total Investments	0	0	0	0
Cash, Bank	2 993 000	1 765 000	4 000 000	9 000
Total Current Assets	13 174 000	12 179 000	7 848 000	10 000
Total Assets	15 586 000	15 426 000	8 998 000	10 000
Total Equity	2 425 000	485 000	194 000	−6 000
Short-Term Group Debt	144 000	0	0	0
Total Long-Term Debt	1 350 000	1 015 000	620 000	0
Creditors	2 210 000	1 004 000	95 000	0
Unpaid Taxes	1 922 000	2 496 000	2 261 000	0
Dividends	0	0	0	0
Other Current Debt	6 806 000	10 368 000	5 816 000	16 000
Total Current Debt	11 811 000	13 927 000	8 184 000	16 000
Total Equity and Debt	15 586 000	15 426 000	8 998 000	10 000

Financial indicators	2022	2021	2020	2019
Return on Equity	84,66 %	60 %	103,09 %	66,67 %
Debt-to-Equity Ratio	0,56	2,09	3,2	−0
Operating Profit Margin	7,37 %	1,67 %	5,51 %	-
Current Ratio	1,12	0,87	0,96	0,63
Quick Ratio	5,03	1,5	1,73	0,63
Equity Ratio	0,16	0,03	0,02	−0,6
Gross Profit Margin	54,49 %	56,49 %	99,37 %	-