CREDITSAFE NORWAY AS

0185 OSLO

Finances

Share Ownership

Return on Equity

3,94 %

Current Ratio

1,6

Debt-to-Equity Ratio

−1,09

Key figures (NOK)	2022	2021	2020	2019
Revenue	19 437 000	15 582 000	12 236 000	9 624 000
Net Income	−2 951 000	−2 486 000	−3 026 000	−16 602 000
Total Assets	18 892 000	16 824 000	13 715 000	6 296 000
Total Equity	−74 867 000	−71 916 000	−69 430 000	−66 404 000

Income (NOK)	2022	2021	2020	2019
Revenue	19 437 000	15 582 000	12 236 000	9 624 000
Expenditure	21 079 000	16 951 000	14 026 000	23 791 000
Operating Profit	−1 642 000	−1 369 000	−1 789 000	−14 166 000
Financial Income	321 000	8 000	3 000	37 000
Financial Costs	1 630 000	1 126 000	1 240 000	2 473 000
Financial Balance	−1 309 000	−1 118 000	−1 237 000	−2 436 000
Earnings Before Tax	−2 951 000	−2 486 000	−3 026 000	−16 602 000
Tax	0	0	0	0
Net Income	−2 951 000	−2 486 000	−3 026 000	−16 602 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	7 000	44 000	129 000	166 000
Total Current Assets	18 885 000	16 780 000	13 586 000	6 130 000
Total Assets	18 892 000	16 824 000	13 715 000	6 296 000
Total Retained Equity	−74 897 000	−71 946 000	−69 460 000	−66 434 000
Total Equity	−74 867 000	−71 916 000	−69 430 000	−66 404 000
Total Long-Term Debt	81 924 000	78 049 000	73 963 000	64 820 000
Total Current Debt	11 834 000	10 691 000	9 182 000	7 879 000
Total Equity and Debt	18 892 000	16 824 000	13 715 000	6 296 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	19 437 000	15 582 000	12 236 000	9 624 000
Other Income	0	0	0	0
Revenue	19 437 000	15 582 000	12 236 000	9 624 000
Cost of Goods Sold	14 426 000	12 473 000	12 950 000	10 679 000
Salary Costs	10 103 000	10 223 000	7 815 000	7 593 000
Depreciation	37 000	57 000	72 000	42 000
Impairment	0	0	0	0
Expenditure	21 079 000	16 951 000	14 026 000	23 791 000
Operating Profit	−1 642 000	−1 369 000	−1 789 000	−14 166 000
Financial Income	321 000	8 000	3 000	37 000
Financial Costs	1 630 000	1 126 000	1 240 000	2 473 000
Financial Balance	−1 309 000	−1 118 000	−1 237 000	−2 436 000
Dividends	0	0	0	0
Net Income	−2 951 000	−2 486 000	−3 026 000	−16 602 000

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	7 000	44 000	129 000	166 000
Total Tangible Assets	7 000	44 000	129 000	166 000
Total Fiancial Fixed Assets	0	0	0	0
Total Fixed Assets	7 000	44 000	129 000	166 000
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	2 892 000	2 074 000	1 874 000	2 344 000
Total Current Assets	18 885 000	16 780 000	13 586 000	6 130 000
Total Assets	18 892 000	16 824 000	13 715 000	6 296 000
Total Equity	−74 867 000	−71 916 000	−69 430 000	−66 404 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	81 924 000	78 049 000	73 963 000	64 820 000
Creditors	1 447 000	1 767 000	1 458 000	812 000
Unpaid Taxes	1 166 000	981 000	731 000	707 000
Dividends	0	0	0	0
Other Current Debt	9 221 000	7 942 000	6 993 000	6 360 000
Total Current Debt	11 834 000	10 691 000	9 182 000	7 879 000
Total Equity and Debt	18 892 000	16 824 000	13 715 000	6 296 000

Financial indicators	2022	2021	2020	2019
Return on Equity	3,94 %	3,46 %	4,36 %	25 %
Debt-to-Equity Ratio	−1,09	−1,09	−1,07	−0,98
Operating Profit Margin	−8,45 %	−8,79 %	−14,62 %	−147,19 %
Current Ratio	1,6	1,57	1,48	0,78
Quick Ratio	1,6	1,57	1,48	0,78
Equity Ratio	−3,96	−4,27	−5,06	−10,55
Gross Profit Margin	25,78 %	19,95 %	−5,84 %	−10,96 %