ERITREUM AS

0570 OSLO

Finances

Return on Equity

47,1 %

Current Ratio

11,12

Debt-to-Equity Ratio

Key figures (NOK)	2022	2021	2020	2019
Revenue	1 817 000	1 952 000	1 136 000	879 000
Net Income	1 185 000	702 000	356 000	6 000
Total Assets	2 732 000	1 880 000	1 139 000	731 000
Total Equity	2 516 000	1 431 000	729 000	372 000

Income (NOK)	2022	2021	2020	2019
Revenue	1 817 000	1 952 000	1 136 000	879 000
Expenditure	1 209 000	1 055 000	1 038 000	872 000
Operating Profit	608 000	897 000	98 000	8 000
Financial Income	577 000	3 000	277 000	0
Financial Costs	1 000	0	0	0
Financial Balance	576 000	3 000	277 000	0
Earnings Before Tax	1 183 000	901 000	374 000	8 000
Tax	−2 000	198 000	18 000	2 000
Net Income	1 185 000	702 000	356 000	6 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	331 000	351 000	304 000	216 000
Total Current Assets	2 401 000	1 530 000	835 000	516 000
Total Assets	2 732 000	1 880 000	1 139 000	731 000
Total Retained Equity	2 338 000	1 253 000	551 000	194 000
Total Equity	2 516 000	1 431 000	729 000	372 000
Total Long-Term Debt	0	0	0	0
Total Current Debt	216 000	449 000	411 000	359 000
Total Equity and Debt	2 732 000	1 880 000	1 139 000	731 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	1 817 000	1 952 000	1 136 000	879 000
Other Income	0	0	0	0
Revenue	1 817 000	1 952 000	1 136 000	879 000
Cost of Goods Sold	0	0	0	0
Salary Costs	1 004 000	860 000	858 000	840 000
Depreciation	14 000	2 000	0	0
Impairment	0	0	0	0
Expenditure	1 209 000	1 055 000	1 038 000	872 000
Operating Profit	608 000	897 000	98 000	8 000
Financial Income	577 000	3 000	277 000	0
Financial Costs	1 000	0	0	0
Financial Balance	576 000	3 000	277 000	0
Dividends	100 000	0	0	0
Net Income	1 185 000	702 000	356 000	6 000

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	25 000	39 000	0	0
Fixtures	0	0	0	0
Total Tangible Assets	25 000	39 000	0	0
Total Fiancial Fixed Assets	306 000	311 000	304 000	216 000
Total Fixed Assets	331 000	351 000	304 000	216 000
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	2 388 000	1 368 000	838 000	434 000
Total Current Assets	2 401 000	1 530 000	835 000	516 000
Total Assets	2 732 000	1 880 000	1 139 000	731 000
Total Equity	2 516 000	1 431 000	729 000	372 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	0	0	0	0
Creditors	17 000	1 000	1 000	1 000
Unpaid Taxes	99 000	164 000	303 000	272 000
Dividends	100 000	0	0	0
Other Current Debt	100 000	86 000	87 000	84 000
Total Current Debt	216 000	449 000	411 000	359 000
Total Equity and Debt	2 732 000	1 880 000	1 139 000	731 000

Financial indicators	2022	2021	2020	2019
Return on Equity	47,1 %	49,06 %	48,83 %	1,61 %
Debt-to-Equity Ratio	0	0	0	0
Operating Profit Margin	33,46 %	45,95 %	8,63 %	0,91 %
Current Ratio	11,12	3,41	2,03	1,44
Quick Ratio	11,12	3,41	2,03	1,44
Equity Ratio	0,92	0,76	0,64	0,51
Gross Profit Margin	100 %	100 %	100 %	100 %