NO PAIN NO GAIN AS

1622 GRESSVIK

Finances

Return on Equity

28,72 %

Current Ratio

1,35

Debt-to-Equity Ratio

−3,1

Key figures (NOK)	2022	2021	2020	2019
Revenue	199 000	417 000	265 000	279 000
Net Income	−85 000	77 000	−114 000	−177 000
Total Assets	652 000	849 000	885 000	676 000
Total Equity	−296 000	−212 000	−289 000	−175 000

Income (NOK)	2022	2021	2020	2019
Revenue	199 000	417 000	265 000	279 000
Expenditure	260 000	317 000	357 000	455 000
Operating Profit	−61 000	100 000	−92 000	−177 000
Financial Income	2 000	2 000	0	0
Financial Costs	25 000	24 000	22 000	0
Financial Balance	−23 000	−22 000	−22 000	0
Earnings Before Tax	−85 000	77 000	−114 000	−177 000
Tax	0	0	0	0
Net Income	−85 000	77 000	−114 000	−177 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	610 000	722 000	834 000	588 000
Total Current Assets	42 000	127 000	51 000	88 000
Total Assets	652 000	849 000	885 000	676 000
Total Retained Equity	−326 000	−242 000	−319 000	−205 000
Total Equity	−296 000	−212 000	−289 000	−175 000
Total Long-Term Debt	918 000	1 012 000	1 147 000	780 000
Total Current Debt	31 000	48 000	27 000	71 000
Total Equity and Debt	652 000	849 000	885 000	676 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	194 000	407 000	220 000	265 000
Other Income	5 000	9 000	45 000	14 000
Revenue	199 000	417 000	265 000	279 000
Cost of Goods Sold	0	0	0	67 000
Salary Costs	14 000	54 000	19 000	47 000
Depreciation	112 000	112 000	183 000	82 000
Impairment	0	0	0	0
Expenditure	260 000	317 000	357 000	455 000
Operating Profit	−61 000	100 000	−92 000	−177 000
Financial Income	2 000	2 000	0	0
Financial Costs	25 000	24 000	22 000	0
Financial Balance	−23 000	−22 000	−22 000	0
Dividends	0	0	0	0
Net Income	−85 000	77 000	−114 000	−177 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	80 000
Total Intangible Assets	0	0	0	80 000
Real Eastate	0	0	0	0
Machinery and Plant Facilities	0	0	0	0
Fixtures	229 000	341 000	452 000	36 000
Total Tangible Assets	229 000	341 000	452 000	36 000
Total Fiancial Fixed Assets	381 000	381 000	381 000	472 000
Total Fixed Assets	610 000	722 000	834 000	588 000
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	42 000	49 000	20 000	57 000
Total Current Assets	42 000	127 000	51 000	88 000
Total Assets	652 000	849 000	885 000	676 000
Total Equity	−296 000	−212 000	−289 000	−175 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	918 000	1 012 000	1 147 000	780 000
Creditors	14 000	14 000	11 000	13 000
Unpaid Taxes	16 000	30 000	16 000	30 000
Dividends	0	0	0	0
Other Current Debt	0	4 000	0	28 000
Total Current Debt	31 000	48 000	27 000	71 000
Total Equity and Debt	652 000	849 000	885 000	676 000

Financial indicators	2022	2021	2020	2019
Return on Equity	28,72 %	−36,32 %	39,45 %	101,14 %
Debt-to-Equity Ratio	−3,1	−4,77	−3,97	−4,46
Operating Profit Margin	−30,65 %	23,98 %	−34,72 %	−63,44 %
Current Ratio	1,35	2,65	1,89	1,24
Quick Ratio	1,35	2,65	1,89	1,24
Equity Ratio	−0,45	−0,25	−0,33	−0,26
Gross Profit Margin	100 %	100 %	100 %	75,99 %