ELO CULTURAL LANGUAGE SOLUTIONS AS

0171 OSLO

Finances

Share Ownership

Return on Equity

−89,11 %

Current Ratio

1,25

Debt-to-Equity Ratio

0,06

Key figures (NOK)	2021	2020	2019	2018
Revenue	1 352 000	1 184 000	1 650 000	1 894 000
Net Income	−90 000	−26 000	−75 000	12 000
Total Assets	523 000	722 000	441 000	532 000
Total Equity	101 000	191 000	216 000	292 000

Income (NOK)	2021	2020	2019	2018
Revenue	1 352 000	1 184 000	1 650 000	1 894 000
Expenditure	1 456 000	1 115 000	1 723 000	1 837 000
Operating Profit	−104 000	69 000	−73 000	57 000
Financial Income	3 000	1 000	0	1 000
Financial Costs	1 000	0	3 000	36 000
Financial Balance	2 000	1 000	−3 000	−35 000
Earnings Before Tax	−102 000	70 000	−75 000	22 000
Tax	−12 000	95 000	0	10 000
Net Income	−90 000	−26 000	−75 000	12 000

Balance (NOK)	2021	2020	2019	2018
Total Fixed Assets	0	0	0	0
Total Current Assets	523 000	722 000	441 000	532 000
Total Assets	523 000	722 000	441 000	532 000
Total Retained Equity	71 000	161 000	186 000	262 000
Total Equity	101 000	191 000	216 000	292 000
Total Long-Term Debt	6 000	18 000	6 000	6 000
Total Current Debt	417 000	514 000	219 000	235 000
Total Equity and Debt	523 000	722 000	441 000	532 000

Cash flow (NOK)	2021	2020	2019	2018
Sales Income	1 350 000	1 169 000	1 576 000	1 778 000
Other Income	2 000	16 000	74 000	116 000
Revenue	1 352 000	1 184 000	1 650 000	1 894 000
Cost of Goods Sold	20 000	19 000	28 000	17 000
Salary Costs	1 138 000	859 000	1 112 000	1 238 000
Depreciation	0	0	0	0
Impairment	0	0	0	0
Expenditure	1 456 000	1 115 000	1 723 000	1 837 000
Operating Profit	−104 000	69 000	−73 000	57 000
Financial Income	3 000	1 000	0	1 000
Financial Costs	1 000	0	3 000	36 000
Financial Balance	2 000	1 000	−3 000	−35 000
Dividends	0	0	0	0
Net Income	−90 000	−26 000	−75 000	12 000

Balance details (NOK)	2021	2020	2019	2018
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	0	0	0	0
Total Tangible Assets	0	0	0	0
Total Fiancial Fixed Assets	0	0	0	0
Total Fixed Assets	0	0	0	0
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	390 000	204 000	197 000	215 000
Total Current Assets	523 000	722 000	441 000	532 000
Total Assets	523 000	722 000	441 000	532 000
Total Equity	101 000	191 000	216 000	292 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	6 000	18 000	6 000	6 000
Creditors	−4 000	102 000	71 000	13 000
Unpaid Taxes	89 000	48 000	117 000	−6 000
Dividends	0	0	0	0
Other Current Debt	331 000	338 000	83 000	222 000
Total Current Debt	417 000	514 000	219 000	235 000
Total Equity and Debt	523 000	722 000	441 000	532 000

Financial indicators	2021	2020	2019	2018
Return on Equity	−89,11 %	−13,61 %	−34,72 %	4,11 %
Debt-to-Equity Ratio	0,06	0,09	0,03	0,02
Operating Profit Margin	−7,69 %	5,83 %	−4,42 %	3,01 %
Current Ratio	1,25	1,4	2,01	2,26
Quick Ratio	1,25	1,4	2,01	2,26
Equity Ratio	0,19	0,26	0,49	0,55
Gross Profit Margin	98,52 %	98,4 %	98,3 %	99,1 %