CHANGEWORK AS

3302 HOKKSUND

Finances

Share Ownership

Return on Equity

−182,81 %

Current Ratio

1,59

Debt-to-Equity Ratio

2,03

Key figures (NOK)	2022	2021	2020	2019
Revenue	955 000	1 638 000	1 101 000	1 774 000
Net Income	−351 000	292 000	−116 000	244 000
Total Assets	723 000	1 297 000	398 000	511 000
Total Equity	192 000	542 000	250 000	366 000

Income (NOK)	2022	2021	2020	2019
Revenue	955 000	1 638 000	1 101 000	1 774 000
Expenditure	1 294 000	1 240 000	1 229 000	1 458 000
Operating Profit	−339 000	397 000	−128 000	317 000
Financial Income	1 000	0	0	0
Financial Costs	34 000	13 000	1 000	0
Financial Balance	−33 000	−13 000	−1 000	0
Earnings Before Tax	−372 000	385 000	−129 000	317 000
Tax	−21 000	92 000	−13 000	72 000
Net Income	−351 000	292 000	−116 000	244 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	495 000	592 000	36 000	5 000
Total Current Assets	228 000	704 000	362 000	506 000
Total Assets	723 000	1 297 000	398 000	511 000
Total Retained Equity	162 000	512 000	220 000	336 000
Total Equity	192 000	542 000	250 000	366 000
Total Long-Term Debt	389 000	496 000	0	0
Total Current Debt	143 000	259 000	148 000	145 000
Total Equity and Debt	723 000	1 297 000	398 000	511 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	955 000	1 638 000	1 101 000	1 774 000
Other Income	0	0	0	0
Revenue	955 000	1 638 000	1 101 000	1 774 000
Cost of Goods Sold	8 000	85 000	319 000	860 000
Salary Costs	526 000	406 000	389 000	224 000
Depreciation	134 000	42 000	4 000	0
Impairment	0	0	0	0
Expenditure	1 294 000	1 240 000	1 229 000	1 458 000
Operating Profit	−339 000	397 000	−128 000	317 000
Financial Income	1 000	0	0	0
Financial Costs	34 000	13 000	1 000	0
Financial Balance	−33 000	−13 000	−1 000	0
Dividends	0	0	0	0
Net Income	−351 000	292 000	−116 000	244 000

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	490 000	587 000	31 000	0
Total Tangible Assets	490 000	587 000	31 000	0
Total Fiancial Fixed Assets	5 000	5 000	5 000	5 000
Total Fixed Assets	495 000	592 000	36 000	5 000
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	69 000	382 000	293 000	334 000
Total Current Assets	228 000	704 000	362 000	506 000
Total Assets	723 000	1 297 000	398 000	511 000
Total Equity	192 000	542 000	250 000	366 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	389 000	496 000	0	0
Creditors	69 000	20 000	77 000	20 000
Unpaid Taxes	32 000	22 000	14 000	31 000
Dividends	0	0	0	0
Other Current Debt	42 000	146 000	57 000	21 000
Total Current Debt	143 000	259 000	148 000	145 000
Total Equity and Debt	723 000	1 297 000	398 000	511 000

Financial indicators	2022	2021	2020	2019
Return on Equity	−182,81 %	53,87 %	−46,4 %	66,67 %
Debt-to-Equity Ratio	2,03	0,92	0	0
Operating Profit Margin	−35,5 %	24,24 %	−11,63 %	17,87 %
Current Ratio	1,59	2,72	2,45	3,49
Quick Ratio	1,59	2,72	2,45	3,49
Equity Ratio	0,27	0,42	0,63	0,72
Gross Profit Margin	99,16 %	94,81 %	71,03 %	51,52 %