ED SCANBALT AS

2150 ÅRNES

Finances

Share Ownership

Return on Equity

−81,9 %

Current Ratio

1,82

Debt-to-Equity Ratio

Key figures (NOK)	2021	2020	2019	2018
Revenue	1 202 000	3 543 000	1 249 000	1 125 000
Net Income	−353 000	542 000	126 000	−39 000
Total Assets	719 000	1 439 000	507 000	364 000
Total Equity	431 000	784 000	243 000	117 000

Income (NOK)	2021	2020	2019	2018
Revenue	1 202 000	3 543 000	1 249 000	1 125 000
Expenditure	1 576 000	2 826 000	1 110 000	1 164 000
Operating Profit	−374 000	718 000	139 000	−39 000
Financial Income	14 000	19 000	0	0
Financial Costs	1 000	42 000	2 000	0
Financial Balance	13 000	−23 000	−2 000	0
Earnings Before Tax	−362 000	695 000	138 000	−39 000
Tax	−9 000	153 000	12 000	0
Net Income	−353 000	542 000	126 000	−39 000

Balance (NOK)	2021	2020	2019	2018
Total Fixed Assets	195 000	204 000	29 000	16 000
Total Current Assets	523 000	1 234 000	477 000	348 000
Total Assets	719 000	1 439 000	507 000	364 000
Total Retained Equity	401 000	754 000	213 000	87 000
Total Equity	431 000	784 000	243 000	117 000
Total Long-Term Debt	0	9 000	1 000	0
Total Current Debt	288 000	646 000	263 000	247 000
Total Equity and Debt	719 000	1 439 000	507 000	364 000

Cash flow (NOK)	2021	2020	2019	2018
Sales Income	1 202 000	3 543 000	1 238 000	1 124 000
Other Income	0	0	11 000	1 000
Revenue	1 202 000	3 543 000	1 249 000	1 125 000
Cost of Goods Sold	603 000	1 329 000	361 000	158 000
Salary Costs	732 000	1 230 000	525 000	762 000
Depreciation	50 000	21 000	1 000	0
Impairment	0	0	0	0
Expenditure	1 576 000	2 826 000	1 110 000	1 164 000
Operating Profit	−374 000	718 000	139 000	−39 000
Financial Income	14 000	19 000	0	0
Financial Costs	1 000	42 000	2 000	0
Financial Balance	13 000	−23 000	−2 000	0
Dividends	0	0	0	0
Net Income	−353 000	542 000	126 000	−39 000

Balance details (NOK)	2021	2020	2019	2018
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	177 000	204 000	24 000	0
Total Tangible Assets	177 000	204 000	24 000	0
Total Fiancial Fixed Assets	19 000	0	6 000	16 000
Total Fixed Assets	195 000	204 000	29 000	16 000
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	225 000	641 000	395 000	208 000
Total Current Assets	523 000	1 234 000	477 000	348 000
Total Assets	719 000	1 439 000	507 000	364 000
Total Equity	431 000	784 000	243 000	117 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	0	9 000	1 000	0
Creditors	68 000	55 000	29 000	81 000
Unpaid Taxes	129 000	291 000	149 000	81 000
Dividends	0	0	0	0
Other Current Debt	91 000	155 000	74 000	85 000
Total Current Debt	288 000	646 000	263 000	247 000
Total Equity and Debt	719 000	1 439 000	507 000	364 000

Financial indicators	2021	2020	2019	2018
Return on Equity	−81,9 %	69,13 %	51,85 %	−33,33 %
Debt-to-Equity Ratio	0	0,01	0	0
Operating Profit Margin	−31,11 %	20,27 %	11,13 %	−3,47 %
Current Ratio	1,82	1,91	1,81	1,41
Quick Ratio	1,82	1,91	1,81	1,41
Equity Ratio	0,6	0,54	0,48	0,32
Gross Profit Margin	49,83 %	62,49 %	71,1 %	85,96 %