EUROPEAN MUD COMPANY AS

4033 STAVANGER

Finances

Share Ownership

Return on Equity

−19,1 %

Current Ratio

6,51

Debt-to-Equity Ratio

Key figures (NOK)	2022	2021	2020	2019
Revenue	4 139 000	2 736 000	4 880 000	5 329 000
Net Income	−1 819 000	−339 000	364 000	−247 000
Total Assets	10 250 000	12 945 000	13 012 000	13 167 000
Total Equity	9 523 000	11 342 000	11 681 000	11 317 000

Income (NOK)	2022	2021	2020	2019
Revenue	4 139 000	2 736 000	4 880 000	5 329 000
Expenditure	5 941 000	3 007 000	4 544 000	5 620 000
Operating Profit	−1 802 000	−272 000	336 000	−291 000
Financial Income	150 000	6 000	34 000	75 000
Financial Costs	167 000	73 000	7 000	31 000
Financial Balance	−17 000	−67 000	27 000	44 000
Earnings Before Tax	−1 819 000	−339 000	364 000	−247 000
Tax	0	0	0	0
Net Income	−1 819 000	−339 000	364 000	−247 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	5 515 000	6 156 000	2 014 000	2 339 000
Total Current Assets	4 736 000	6 789 000	10 998 000	10 828 000
Total Assets	10 250 000	12 945 000	13 012 000	13 167 000
Total Retained Equity	−4 785 000	−2 965 000	−2 627 000	−2 990 000
Total Equity	9 523 000	11 342 000	11 681 000	11 317 000
Total Long-Term Debt	0	0	0	0
Total Current Debt	728 000	1 603 000	1 331 000	1 850 000
Total Equity and Debt	10 250 000	12 945 000	13 012 000	13 167 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	4 139 000	2 736 000	4 880 000	5 329 000
Other Income	0	0	0	0
Revenue	4 139 000	2 736 000	4 880 000	5 329 000
Cost of Goods Sold	3 707 000	1 610 000	2 374 000	2 862 000
Salary Costs	727 000	150 000	1 321 000	2 160 000
Depreciation	569 000	378 000	45 000	0
Impairment	0	0	0	0
Expenditure	5 941 000	3 007 000	4 544 000	5 620 000
Operating Profit	−1 802 000	−272 000	336 000	−291 000
Financial Income	150 000	6 000	34 000	75 000
Financial Costs	167 000	73 000	7 000	31 000
Financial Balance	−17 000	−67 000	27 000	44 000
Dividends	0	0	0	0
Net Income	−1 819 000	−339 000	364 000	−247 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	3 788 000	4 238 000	0	0
Real Eastate	0	0	0	0
Machinery and Plant Facilities	0	0	0	0
Fixtures	318 000	437 000	534 000	0
Total Tangible Assets	318 000	437 000	534 000	0
Total Fiancial Fixed Assets	1 409 000	1 481 000	1 481 000	2 339 000
Total Fixed Assets	5 515 000	6 156 000	2 014 000	2 339 000
Stock	224 000	224 000	0	0
Total Investments	0	0	0	0
Cash, Bank	3 247 000	5 553 000	8 472 000	6 942 000
Total Current Assets	4 736 000	6 789 000	10 998 000	10 828 000
Total Assets	10 250 000	12 945 000	13 012 000	13 167 000
Total Equity	9 523 000	11 342 000	11 681 000	11 317 000
Short-Term Group Debt	14 000	14 000	14 000	13 000
Total Long-Term Debt	0	0	0	0
Creditors	559 000	933 000	513 000	1 121 000
Unpaid Taxes	34 000	91 000	82 000	107 000
Dividends	0	0	0	0
Other Current Debt	121 000	565 000	723 000	609 000
Total Current Debt	728 000	1 603 000	1 331 000	1 850 000
Total Equity and Debt	10 250 000	12 945 000	13 012 000	13 167 000

Financial indicators	2022	2021	2020	2019
Return on Equity	−19,1 %	−2,99 %	3,12 %	−2,18 %
Debt-to-Equity Ratio	0	0	0	0
Operating Profit Margin	−43,54 %	−9,94 %	6,89 %	−5,46 %
Current Ratio	6,51	4,24	8,26	5,85
Quick Ratio	9,4	4,92	8,26	5,85
Equity Ratio	0,93	0,88	0,9	0,86
Gross Profit Margin	10,44 %	41,15 %	51,35 %	46,29 %