CORROSION SOLUTIONS NORWAY AS

5109 HYLKJE

Finances

Return on Equity

269,92 %

Current Ratio

0,03

Debt-to-Equity Ratio

−0

Key figures (NOK)	2022	2021	2020	2019
Revenue	535 000	547 000	1 001 000	656 000
Net Income	−1 050 000	18 000	−81 000	−929 000
Total Assets	96 000	592 000	310 000	559 000
Total Equity	−389 000	−1 253 000	−1 271 000	−1 191 000

Income (NOK)	2022	2021	2020	2019
Revenue	535 000	547 000	1 001 000	656 000
Expenditure	834 000	512 000	993 000	1 488 000
Operating Profit	−298 000	36 000	8 000	−832 000
Financial Income	4 000	2 000	2 000	3 000
Financial Costs	756 000	20 000	91 000	100 000
Financial Balance	−752 000	−18 000	−89 000	−97 000
Earnings Before Tax	−1 050 000	18 000	−81 000	−929 000
Tax	0	0	0	0
Net Income	−1 050 000	18 000	−81 000	−929 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	81 000	0	56 000	323 000
Total Current Assets	15 000	592 000	254 000	236 000
Total Assets	96 000	592 000	310 000	559 000
Total Retained Equity	−4 570 000	−3 520 000	−3 538 000	−3 457 000
Total Equity	−389 000	−1 253 000	−1 271 000	−1 191 000
Total Long-Term Debt	0	0	125 000	469 000
Total Current Debt	484 000	1 845 000	1 456 000	1 281 000
Total Equity and Debt	96 000	592 000	310 000	559 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	495 000	547 000	1 001 000	656 000
Other Income	40 000	0	0	0
Revenue	535 000	547 000	1 001 000	656 000
Cost of Goods Sold	283 000	353 000	612 000	364 000
Salary Costs	−12 000	3 000	5 000	381 000
Depreciation	20 000	56 000	268 000	268 000
Impairment	0	0	0	0
Expenditure	834 000	512 000	993 000	1 488 000
Operating Profit	−298 000	36 000	8 000	−832 000
Financial Income	4 000	2 000	2 000	3 000
Financial Costs	756 000	20 000	91 000	100 000
Financial Balance	−752 000	−18 000	−89 000	−97 000
Dividends	0	0	0	0
Net Income	−1 050 000	18 000	−81 000	−929 000

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	81 000	0	56 000	323 000
Fixtures	0	0	0	0
Total Tangible Assets	81 000	0	56 000	323 000
Total Fiancial Fixed Assets	0	0	0	0
Total Fixed Assets	81 000	0	56 000	323 000
Stock	0	57 000	107 000	168 000
Total Investments	0	0	0	0
Cash, Bank	0	0	0	2 000
Total Current Assets	15 000	592 000	254 000	236 000
Total Assets	96 000	592 000	310 000	559 000
Total Equity	−389 000	−1 253 000	−1 271 000	−1 191 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	0	0	125 000	469 000
Creditors	9 000	320 000	0	26 000
Unpaid Taxes	5 000	80 000	5 000	10 000
Dividends	0	0	0	0
Other Current Debt	2 000	94 000	102 000	97 000
Total Current Debt	484 000	1 845 000	1 456 000	1 281 000
Total Equity and Debt	96 000	592 000	310 000	559 000

Financial indicators	2022	2021	2020	2019
Return on Equity	269,92 %	−1,44 %	6,37 %	78 %
Debt-to-Equity Ratio	−0	−0	−0,1	−0,39
Operating Profit Margin	−55,7 %	6,58 %	0,8 %	−126,83 %
Current Ratio	0,03	0,32	0,17	0,18
Quick Ratio	0,03	0,33	0,19	0,21
Equity Ratio	−4,05	−2,12	−4,1	−2,13
Gross Profit Margin	47,1 %	35,47 %	38,86 %	44,51 %