HIGHERED AS

0277 OSLO

Finances

Return on Equity

157,6 %

Current Ratio

2,3

Debt-to-Equity Ratio

−1,25

Key figures (NOK)	2022	2021	2020	2019
Revenue	5 314 000	6 035 000	3 307 000	4 346 000
Net Income	−25 584 000	−14 078 000	−13 198 000	−14 773 000
Total Assets	6 995 000	4 334 000	14 639 000	14 271 000
Total Equity	−16 233 000	161 000	8 297 000	−1 324 000

Income (NOK)	2022	2021	2020	2019
Revenue	5 314 000	6 035 000	3 307 000	4 346 000
Expenditure	30 360 000	19 937 000	15 315 000	17 629 000
Operating Profit	−25 047 000	−13 902 000	−12 007 000	−13 284 000
Financial Income	118 000	0	94 000	97 000
Financial Costs	655 000	176 000	1 285 000	1 586 000
Financial Balance	−537 000	−176 000	−1 191 000	−1 489 000
Earnings Before Tax	−25 584 000	−14 078 000	−13 198 000	−14 773 000
Tax	0	0	0	0
Net Income	−25 584 000	−14 078 000	−13 198 000	−14 773 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	387 000	434 000	1 182 000	1 953 000
Total Current Assets	6 608 000	3 900 000	13 457 000	12 318 000
Total Assets	6 995 000	4 334 000	14 639 000	14 271 000
Total Retained Equity	−95 285 000	−69 701 000	−50 708 000	−37 510 000
Total Equity	−16 233 000	161 000	8 297 000	−1 324 000
Total Long-Term Debt	20 360 000	2 783 000	2 877 000	3 013 000
Total Current Debt	2 868 000	1 389 000	3 466 000	12 582 000
Total Equity and Debt	6 995 000	4 334 000	14 639 000	14 271 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	5 314 000	6 035 000	3 307 000	4 346 000
Other Income	0	0	0	0
Revenue	5 314 000	6 035 000	3 307 000	4 346 000
Cost of Goods Sold	413 000	0	41 000	1 702 000
Salary Costs	9 788 000	8 039 000	7 942 000	8 916 000
Depreciation	46 000	772 000	771 000	772 000
Impairment	0	0	0	0
Expenditure	30 360 000	19 937 000	15 315 000	17 629 000
Operating Profit	−25 047 000	−13 902 000	−12 007 000	−13 284 000
Financial Income	118 000	0	94 000	97 000
Financial Costs	655 000	176 000	1 285 000	1 586 000
Financial Balance	−537 000	−176 000	−1 191 000	−1 489 000
Dividends	0	0	0	0
Net Income	−25 584 000	−14 078 000	−13 198 000	−14 773 000

Balance details (NOK)	2022	2021	2020	2019
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	387 000	434 000	1 182 000	1 953 000
Total Tangible Assets	387 000	434 000	1 182 000	1 953 000
Total Fiancial Fixed Assets	0	0	0	0
Total Fixed Assets	387 000	434 000	1 182 000	1 953 000
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	3 724 000	2 237 000	12 419 000	11 484 000
Total Current Assets	6 608 000	3 900 000	13 457 000	12 318 000
Total Assets	6 995 000	4 334 000	14 639 000	14 271 000
Total Equity	−16 233 000	161 000	8 297 000	−1 324 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	20 360 000	2 783 000	2 877 000	3 013 000
Creditors	1 455 000	268 000	716 000	1 596 000
Unpaid Taxes	523 000	580 000	434 000	538 000
Dividends	0	0	0	0
Other Current Debt	890 000	541 000	2 316 000	648 000
Total Current Debt	2 868 000	1 389 000	3 466 000	12 582 000
Total Equity and Debt	6 995 000	4 334 000	14 639 000	14 271 000

Financial indicators	2022	2021	2020	2019
Return on Equity	157,6 %	−8 744,1 %	−159,07 %	1 115,79 %
Debt-to-Equity Ratio	−1,25	17,29	0,35	−2,28
Operating Profit Margin	−471,34 %	−230,36 %	−363,08 %	−305,66 %
Current Ratio	2,3	2,81	3,88	0,98
Quick Ratio	2,3	2,81	3,88	0,98
Equity Ratio	−2,32	0,04	0,57	−0,09
Gross Profit Margin	92,23 %	100 %	98,76 %	60,84 %