CORRELATE AS

0276 OSLO

Finances

Return on Equity

−2,65 %

Current Ratio

0,37

Debt-to-Equity Ratio

0,09

Key figures (NOK)	2021	2020	2019	2018
Revenue	2 000	50 000	0	0
Net Income	−702 000	−401 000	−844 000	−1 402 000
Total Assets	32 247 000	27 776 000	26 691 000	24 553 000
Total Equity	26 507 000	21 911 000	21 788 000	21 532 000

Income (NOK)	2021	2020	2019	2018
Revenue	2 000	50 000	0	0
Expenditure	592 000	282 000	821 000	1 571 000
Operating Profit	−591 000	−231 000	−822 000	−1 572 000
Financial Income	64 000	4 000	4 000	6 000
Financial Costs	373 000	288 000	264 000	198 000
Financial Balance	−309 000	−284 000	−260 000	−192 000
Earnings Before Tax	−900 000	−515 000	−1 082 000	−1 764 000
Tax	−198 000	−114 000	−238 000	−361 000
Net Income	−702 000	−401 000	−844 000	−1 402 000

Balance (NOK)	2021	2020	2019	2018
Total Fixed Assets	31 057 000	26 517 000	25 565 000	23 422 000
Total Current Assets	1 190 000	1 259 000	1 127 000	1 131 000
Total Assets	32 247 000	27 776 000	26 691 000	24 553 000
Total Retained Equity	0	0	0	0
Total Equity	26 507 000	21 911 000	21 788 000	21 532 000
Total Long-Term Debt	2 500 000	4 245 000	4 318 000	2 500 000
Total Current Debt	3 240 000	1 621 000	585 000	521 000
Total Equity and Debt	32 247 000	27 776 000	26 691 000	24 553 000

Cash flow (NOK)	2021	2020	2019	2018
Sales Income	2 000	50 000	0	0
Other Income	0	0	0	0
Revenue	2 000	50 000	0	0
Cost of Goods Sold	0	0	0	0
Salary Costs	0	0	405 000	916 000
Depreciation	0	0	0	0
Impairment	0	0	0	0
Expenditure	592 000	282 000	821 000	1 571 000
Operating Profit	−591 000	−231 000	−822 000	−1 572 000
Financial Income	64 000	4 000	4 000	6 000
Financial Costs	373 000	288 000	264 000	198 000
Financial Balance	−309 000	−284 000	−260 000	−192 000
Dividends	0	0	0	0
Net Income	−702 000	−401 000	−844 000	−1 402 000

Balance details (NOK)	2021	2020	2019	2018
Goodwill	0	0	0	0
Total Intangible Assets	31 057 000	26 517 000	25 565 000	23 422 000
Real Eastate	0	0	0	0
Machinery and Plant Facilities	0	0	0	0
Fixtures	0	0	0	0
Total Tangible Assets	0	0	0	0
Total Fiancial Fixed Assets	0	0	0	0
Total Fixed Assets	31 057 000	26 517 000	25 565 000	23 422 000
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	196 000	521 000	407 000	611 000
Total Current Assets	1 190 000	1 259 000	1 127 000	1 131 000
Total Assets	32 247 000	27 776 000	26 691 000	24 553 000
Total Equity	26 507 000	21 911 000	21 788 000	21 532 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	2 500 000	4 245 000	4 318 000	2 500 000
Creditors	164 000	54 000	44 000	75 000
Unpaid Taxes	39 000	5 000	230 000	152 000
Dividends	0	0	0	0
Other Current Debt	3 037 000	1 561 000	311 000	294 000
Total Current Debt	3 240 000	1 621 000	585 000	521 000
Total Equity and Debt	32 247 000	27 776 000	26 691 000	24 553 000

Financial indicators	2021	2020	2019	2018
Return on Equity	−2,65 %	−1,83 %	−3,87 %	−6,51 %
Debt-to-Equity Ratio	0,09	0,19	0,2	0,12
Operating Profit Margin	−29 550 %	−462 %	-	-
Current Ratio	0,37	0,78	1,93	2,17
Quick Ratio	0,37	0,78	1,93	2,17
Equity Ratio	0,82	0,79	0,82	0,88
Gross Profit Margin	100 %	100 %	-	-