ECOFIBER RECYCLING AS

4031 STAVANGER

Finances

Share Ownership

Return on Equity

−23,03 %

Current Ratio

1,82

Debt-to-Equity Ratio

1,86

Key figures (NOK)	2022	2021	2020	2019
Revenue	9 016 000	9 715 000	8 430 000	7 817 000
Net Income	−278 000	−426 000	−1 344 000	180 000
Total Assets	5 123 000	5 092 000	5 714 000	8 983 000
Total Equity	1 207 000	1 485 000	1 911 000	4 978 000

Income (NOK)	2022	2021	2020	2019
Revenue	9 016 000	9 715 000	8 430 000	7 817 000
Expenditure	9 136 000	10 011 000	9 643 000	7 477 000
Operating Profit	−121 000	−297 000	−1 213 000	339 000
Financial Income	0	3 000	4 000	2 000
Financial Costs	157 000	132 000	134 000	161 000
Financial Balance	−157 000	−129 000	−130 000	−159 000
Earnings Before Tax	−278 000	−426 000	−1 344 000	180 000
Tax	0	0	0	0
Net Income	−278 000	−426 000	−1 344 000	180 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	2 098 000	2 642 000	3 101 000	6 410 000
Total Current Assets	3 025 000	2 450 000	2 613 000	2 573 000
Total Assets	5 123 000	5 092 000	5 714 000	8 983 000
Total Retained Equity	0	0	0	180 000
Total Equity	1 207 000	1 485 000	1 911 000	4 978 000
Total Long-Term Debt	2 250 000	2 500 000	2 500 000	2 500 000
Total Current Debt	1 666 000	1 107 000	1 303 000	1 505 000
Total Equity and Debt	5 123 000	5 092 000	5 714 000	8 983 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	9 016 000	9 715 000	8 158 000	7 017 000
Other Income	0	0	272 000	800 000
Revenue	9 016 000	9 715 000	8 430 000	7 817 000
Cost of Goods Sold	0	0	0	0
Salary Costs	3 215 000	3 537 000	3 564 000	2 542 000
Depreciation	593 000	579 000	787 000	424 000
Impairment	0	206 000	1 005 000	0
Expenditure	9 136 000	10 011 000	9 643 000	7 477 000
Operating Profit	−121 000	−297 000	−1 213 000	339 000
Financial Income	0	3 000	4 000	2 000
Financial Costs	157 000	132 000	134 000	161 000
Financial Balance	−157 000	−129 000	−130 000	−159 000
Dividends	0	0	0	0
Net Income	−278 000	−426 000	−1 344 000	180 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	407 000	611 000	1 026 000	3 763 000
Real Eastate	204 000	0	0	0
Machinery and Plant Facilities	1 412 000	0	0	0
Fixtures	74 000	2 031 000	2 076 000	2 646 000
Total Tangible Assets	1 690 000	2 031 000	2 076 000	2 646 000
Total Fiancial Fixed Assets	0	0	0	0
Total Fixed Assets	2 098 000	2 642 000	3 101 000	6 410 000
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	1 620 000	1 504 000	1 551 000	1 366 000
Total Current Assets	3 025 000	2 450 000	2 613 000	2 573 000
Total Assets	5 123 000	5 092 000	5 714 000	8 983 000
Total Equity	1 207 000	1 485 000	1 911 000	4 978 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	2 250 000	2 500 000	2 500 000	2 500 000
Creditors	798 000	195 000	240 000	403 000
Unpaid Taxes	200 000	254 000	237 000	236 000
Dividends	0	0	0	0
Other Current Debt	668 000	658 000	827 000	866 000
Total Current Debt	1 666 000	1 107 000	1 303 000	1 505 000
Total Equity and Debt	5 123 000	5 092 000	5 714 000	8 983 000

Financial indicators	2022	2021	2020	2019
Return on Equity	−23,03 %	−28,69 %	−70,33 %	3,62 %
Debt-to-Equity Ratio	1,86	1,68	1,31	0,5
Operating Profit Margin	−1,34 %	−3,06 %	−14,39 %	4,34 %
Current Ratio	1,82	2,21	2,01	1,71
Quick Ratio	1,82	2,21	2,01	1,71
Equity Ratio	0,24	0,29	0,33	0,55
Gross Profit Margin	100 %	100 %	100 %	100 %