THE PAYMENT HOUSE HOLDING AS

4848 ARENDAL

Finances

Return on Equity

−650,47 %

Current Ratio

1,26

Debt-to-Equity Ratio

17,52

Key figures (NOK)	2021	2020	2019	2018
Revenue	0	7 373 000	4 052 000	3 881 000
Net Income	−13 250 000	−29 919 000	−20 666 000	−17 271 000
Total Assets	44 960 000	50 032 000	62 647 000	29 479 000
Total Equity	2 037 000	−10 415 000	−26 045 000	−8 138 000

Income (NOK)	2021	2020	2019	2018
Revenue	0	7 373 000	4 052 000	3 881 000
Expenditure	3 109 000	19 875 000	25 874 000	21 443 000
Operating Profit	−3 109 000	−12 500 000	−21 822 000	−17 562 000
Financial Income	0	23 000	396 000	138 000
Financial Costs	10 141 000	6 187 000	4 039 000	2 887 000
Financial Balance	−10 141 000	−6 164 000	−3 643 000	−2 749 000
Earnings Before Tax	−13 250 000	−18 664 000	−25 465 000	−20 311 000
Tax	0	11 255 000	−4 798 000	−3 040 000
Net Income	−13 250 000	−29 919 000	−20 666 000	−17 271 000

Balance (NOK)	2021	2020	2019	2018
Total Fixed Assets	35 856 000	48 542 000	61 241 000	26 540 000
Total Current Assets	9 104 000	1 491 000	1 405 000	2 939 000
Total Assets	44 960 000	50 032 000	62 647 000	29 479 000
Total Retained Equity	−13 250 000	−10 584 000	−26 145 000	−8 238 000
Total Equity	2 037 000	−10 415 000	−26 045 000	−8 138 000
Total Long-Term Debt	35 696 000	52 073 000	33 848 000	26 396 000
Total Current Debt	7 226 000	8 375 000	54 844 000	11 222 000
Total Equity and Debt	44 960 000	50 032 000	62 647 000	29 479 000

Cash flow (NOK)	2021	2020	2019	2018
Sales Income	0	5 053 000	3 974 000	3 881 000
Other Income	0	2 320 000	78 000	0
Revenue	0	7 373 000	4 052 000	3 881 000
Cost of Goods Sold	73 000	2 407 000	1 807 000	688 000
Salary Costs	0	3 925 000	8 060 000	11 397 000
Depreciation	2 723 000	8 703 000	6 654 000	446 000
Impairment	0	0	0	0
Expenditure	3 109 000	19 875 000	25 874 000	21 443 000
Operating Profit	−3 109 000	−12 500 000	−21 822 000	−17 562 000
Financial Income	0	23 000	396 000	138 000
Financial Costs	10 141 000	6 187 000	4 039 000	2 887 000
Financial Balance	−10 141 000	−6 164 000	−3 643 000	−2 749 000
Dividends	0	0	0	0
Net Income	−13 250 000	−29 919 000	−20 666 000	−17 271 000

Balance details (NOK)	2021	2020	2019	2018
Goodwill	0	0	0	0
Total Intangible Assets	35 696 000	48 486 000	61 053 000	26 482 000
Real Eastate	0	0	0	0
Machinery and Plant Facilities	0	0	0	58 000
Fixtures	0	35 000	39 000	0
Total Tangible Assets	0	35 000	39 000	58 000
Total Fiancial Fixed Assets	160 000	21 000	150 000	0
Total Fixed Assets	35 856 000	48 542 000	61 241 000	26 540 000
Stock	0	0	0	52 000
Total Investments	0	0	0	0
Cash, Bank	1 260 000	505 000	172 000	1 735 000
Total Current Assets	9 104 000	1 491 000	1 405 000	2 939 000
Total Assets	44 960 000	50 032 000	62 647 000	29 479 000
Total Equity	2 037 000	−10 415 000	−26 045 000	−8 138 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	35 696 000	52 073 000	33 848 000	26 396 000
Creditors	105 000	1 808 000	35 536 000	897 000
Unpaid Taxes	0	398 000	566 000	842 000
Dividends	0	0	0	0
Other Current Debt	7 122 000	2 456 000	18 056 000	9 483 000
Total Current Debt	7 226 000	8 375 000	54 844 000	11 222 000
Total Equity and Debt	44 960 000	50 032 000	62 647 000	29 479 000

Financial indicators	2021	2020	2019	2018
Return on Equity	−650,47 %	287,27 %	79,35 %	212,23 %
Debt-to-Equity Ratio	17,52	−5	−1,3	−3,24
Operating Profit Margin	-	−169,54 %	−538,55 %	−452,51 %
Current Ratio	1,26	0,18	0,03	0,26
Quick Ratio	1,26	0,18	0,03	0,26
Equity Ratio	0,05	−0,21	−0,42	−0,28
Gross Profit Margin	-	67,35 %	55,4 %	82,27 %