EKOTUNING MIDT-NORGE AS

2580 FOLLDAL

Finances

Share Ownership

Return on Equity

−33,61 %

Current Ratio

3,76

Debt-to-Equity Ratio

3,63

Key figures (NOK)	2022	2021	2020	2019
Revenue	1 019 000	551 000	456 000	459 000
Net Income	−40 000	18 000	−18 000	−47 000
Total Assets	656 000	495 000	837 000	649 000
Total Equity	119 000	158 000	140 000	158 000

Income (NOK)	2022	2021	2020	2019
Revenue	1 019 000	551 000	456 000	459 000
Expenditure	1 044 000	513 000	455 000	500 000
Operating Profit	−25 000	38 000	0	−40 000
Financial Income	2 000	1 000	1 000	1 000
Financial Costs	28 000	18 000	21 000	21 000
Financial Balance	−26 000	−17 000	−20 000	−20 000
Earnings Before Tax	−51 000	21 000	−20 000	−61 000
Tax	−11 000	2 000	−2 000	−13 000
Net Income	−40 000	18 000	−18 000	−47 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	261 000	320 000	787 000	553 000
Total Current Assets	395 000	174 000	51 000	96 000
Total Assets	656 000	495 000	837 000	649 000
Total Retained Equity	−31 000	8 000	−10 000	8 000
Total Equity	119 000	158 000	140 000	158 000
Total Long-Term Debt	432 000	274 000	584 000	315 000
Total Current Debt	105 000	63 000	113 000	176 000
Total Equity and Debt	656 000	495 000	837 000	649 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	1 018 000	551 000	456 000	459 000
Other Income	0	0	0	0
Revenue	1 019 000	551 000	456 000	459 000
Cost of Goods Sold	351 000	0	0	1 000
Salary Costs	291 000	143 000	83 000	211 000
Depreciation	108 000	109 000	125 000	90 000
Impairment	0	0	0	0
Expenditure	1 044 000	513 000	455 000	500 000
Operating Profit	−25 000	38 000	0	−40 000
Financial Income	2 000	1 000	1 000	1 000
Financial Costs	28 000	18 000	21 000	21 000
Financial Balance	−26 000	−17 000	−20 000	−20 000
Dividends	0	0	0	0
Net Income	−40 000	18 000	−18 000	−47 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	9 000	0	0	0
Real Eastate	0	0	0	0
Machinery and Plant Facilities	22 000	46 000	72 000	99 000
Fixtures	231 000	274 000	715 000	454 000
Total Tangible Assets	253 000	320 000	787 000	553 000
Total Fiancial Fixed Assets	0	0	0	0
Total Fixed Assets	261 000	320 000	787 000	553 000
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	389 000	1 000	−1 000	4 000
Total Current Assets	395 000	174 000	51 000	96 000
Total Assets	656 000	495 000	837 000	649 000
Total Equity	119 000	158 000	140 000	158 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	432 000	274 000	584 000	315 000
Creditors	29 000	27 000	15 000	6 000
Unpaid Taxes	43 000	20 000	90 000	87 000
Dividends	0	0	0	0
Other Current Debt	34 000	15 000	9 000	71 000
Total Current Debt	105 000	63 000	113 000	176 000
Total Equity and Debt	656 000	495 000	837 000	649 000

Financial indicators	2022	2021	2020	2019
Return on Equity	−33,61 %	11,39 %	−12,86 %	−29,75 %
Debt-to-Equity Ratio	3,63	1,73	4,17	1,99
Operating Profit Margin	−2,45 %	6,9 %	0 %	−8,71 %
Current Ratio	3,76	2,76	0,45	0,55
Quick Ratio	3,76	2,76	0,45	0,55
Equity Ratio	0,18	0,32	0,17	0,24
Gross Profit Margin	65,55 %	100 %	100 %	99,78 %