ETAPPEBIKES AS

4790 LILLESAND

Finances

Share Ownership

Return on Equity

−229,03 %

Current Ratio

1,6

Debt-to-Equity Ratio

−7,19

Key figures (NOK)	2022	2021	2020	2019
Revenue	849 000	726 000	216 000	44 000
Net Income	71 000	−20 000	3 000	−18 000
Total Assets	452 000	455 000	128 000	110 000
Total Equity	−31 000	−102 000	−82 000	−85 000

Income (NOK)	2022	2021	2020	2019
Revenue	849 000	726 000	216 000	44 000
Expenditure	746 000	738 000	212 000	67 000
Operating Profit	103 000	−12 000	4 000	−23 000
Financial Income	0	0	0	0
Financial Costs	12 000	14 000	0	0
Financial Balance	−12 000	−14 000	0	0
Earnings Before Tax	92 000	−26 000	4 000	−23 000
Tax	20 000	−6 000	1 000	−5 000
Net Income	71 000	−20 000	3 000	−18 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	38 000	65 000	31 000	32 000
Total Current Assets	414 000	390 000	98 000	78 000
Total Assets	452 000	455 000	128 000	110 000
Total Retained Equity	−53 000	−124 000	−104 000	−107 000
Total Equity	−31 000	−102 000	−82 000	−85 000
Total Long-Term Debt	223 000	290 000	0	0
Total Current Debt	259 000	267 000	210 000	195 000
Total Equity and Debt	452 000	455 000	128 000	110 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	849 000	726 000	216 000	44 000
Other Income	0	0	0	0
Revenue	849 000	726 000	216 000	44 000
Cost of Goods Sold	576 000	521 000	192 000	55 000
Salary Costs	3 000	5 000	0	0
Depreciation	7 000	6 000	0	0
Impairment	0	0	0	0
Expenditure	746 000	738 000	212 000	67 000
Operating Profit	103 000	−12 000	4 000	−23 000
Financial Income	0	0	0	0
Financial Costs	12 000	14 000	0	0
Financial Balance	−12 000	−14 000	0	0
Dividends	0	0	0	0
Net Income	71 000	−20 000	3 000	−18 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	16 000	36 000	31 000	32 000
Real Eastate	0	0	0	0
Machinery and Plant Facilities	0	0	0	0
Fixtures	22 000	29 000	0	0
Total Tangible Assets	22 000	29 000	0	0
Total Fiancial Fixed Assets	0	0	0	0
Total Fixed Assets	38 000	65 000	31 000	32 000
Stock	119 000	161 000	77 000	37 000
Total Investments	0	0	0	0
Cash, Bank	293 000	229 000	21 000	41 000
Total Current Assets	414 000	390 000	98 000	78 000
Total Assets	452 000	455 000	128 000	110 000
Total Equity	−31 000	−102 000	−82 000	−85 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	223 000	290 000	0	0
Creditors	5 000	0	0	0
Unpaid Taxes	131 000	71 000	18 000	3 000
Dividends	0	0	0	0
Other Current Debt	124 000	196 000	192 000	192 000
Total Current Debt	259 000	267 000	210 000	195 000
Total Equity and Debt	452 000	455 000	128 000	110 000

Financial indicators	2022	2021	2020	2019
Return on Equity	−229,03 %	19,61 %	−3,66 %	21,18 %
Debt-to-Equity Ratio	−7,19	−2,84	−0	−0
Operating Profit Margin	12,13 %	−1,65 %	1,85 %	−52,27 %
Current Ratio	1,6	1,46	0,47	0,4
Quick Ratio	2,96	3,68	0,74	0,49
Equity Ratio	−0,07	−0,22	−0,64	−0,77
Gross Profit Margin	32,16 %	28,24 %	11,11 %	−25 %