LITERATE AS

9009 TROMSØ

Finances

Share Ownership

Return on Equity

−14,03 %

Current Ratio

5,26

Debt-to-Equity Ratio

Key figures (NOK)	2022	2021	2020	2019
Revenue	3 575 000	3 528 000	3 514 000	1 667 000
Net Income	−569 000	−500 000	388 000	−411 000
Total Assets	4 982 000	2 074 000	1 635 000	760 000
Total Equity	4 057 000	9 000	209 000	−478 000

Income (NOK)	2022	2021	2020	2019
Revenue	3 575 000	3 528 000	3 514 000	1 667 000
Expenditure	4 090 000	3 806 000	2 968 000	2 143 000
Operating Profit	−514 000	−279 000	546 000	−476 000
Financial Income	5 000	5 000	0	0
Financial Costs	60 000	59 000	49 000	51 000
Financial Balance	−55 000	−54 000	−49 000	−51 000
Earnings Before Tax	−569 000	−333 000	497 000	−527 000
Tax	0	167 000	109 000	−116 000
Net Income	−569 000	−500 000	388 000	−411 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	121 000	20 000	203 000	276 000
Total Current Assets	4 861 000	2 054 000	1 432 000	484 000
Total Assets	4 982 000	2 074 000	1 635 000	760 000
Total Retained Equity	−1 069 000	−500 000	0	−978 000
Total Equity	4 057 000	9 000	209 000	−478 000
Total Long-Term Debt	0	966 000	966 000	966 000
Total Current Debt	925 000	1 098 000	459 000	272 000
Total Equity and Debt	4 982 000	2 074 000	1 635 000	760 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	2 695 000	1 259 000	788 000	664 000
Other Income	880 000	2 269 000	2 726 000	1 003 000
Revenue	3 575 000	3 528 000	3 514 000	1 667 000
Cost of Goods Sold	325 000	125 000	160 000	120 000
Salary Costs	2 447 000	2 438 000	1 773 000	445 000
Depreciation	26 000	15 000	10 000	0
Impairment	0	0	0	0
Expenditure	4 090 000	3 806 000	2 968 000	2 143 000
Operating Profit	−514 000	−279 000	546 000	−476 000
Financial Income	5 000	5 000	0	0
Financial Costs	60 000	59 000	49 000	51 000
Financial Balance	−55 000	−54 000	−49 000	−51 000
Dividends	0	0	0	0
Net Income	−569 000	−500 000	388 000	−411 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	116 000	0	167 000	276 000
Real Eastate	0	0	0	0
Machinery and Plant Facilities	0	0	0	0
Fixtures	5 000	20 000	36 000	0
Total Tangible Assets	5 000	20 000	36 000	0
Total Fiancial Fixed Assets	0	0	0	0
Total Fixed Assets	121 000	20 000	203 000	276 000
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	3 482 000	1 233 000	446 000	119 000
Total Current Assets	4 861 000	2 054 000	1 432 000	484 000
Total Assets	4 982 000	2 074 000	1 635 000	760 000
Total Equity	4 057 000	9 000	209 000	−478 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	0	966 000	966 000	966 000
Creditors	428 000	202 000	83 000	161 000
Unpaid Taxes	262 000	195 000	−59 000	33 000
Dividends	0	0	0	0
Other Current Debt	235 000	701 000	435 000	78 000
Total Current Debt	925 000	1 098 000	459 000	272 000
Total Equity and Debt	4 982 000	2 074 000	1 635 000	760 000

Financial indicators	2022	2021	2020	2019
Return on Equity	−14,03 %	−5 555,56 %	185,65 %	85,98 %
Debt-to-Equity Ratio	0	107,33	4,62	−2,02
Operating Profit Margin	−14,38 %	−7,91 %	15,54 %	−28,55 %
Current Ratio	5,26	1,87	3,12	1,78
Quick Ratio	5,26	1,87	3,12	1,78
Equity Ratio	0,81	0	0,13	−0,63
Gross Profit Margin	90,91 %	96,46 %	95,45 %	92,8 %