JV AUDIT AS

4006 STAVANGER

Finances

Return on Equity

72,41 %

Current Ratio

1,34

Debt-to-Equity Ratio

Key figures (NOK)	2022	2021	2020	2019
Revenue	749 000	320 000	93 000	474 000
Net Income	42 000	−12 000	−9 000	−28 000
Total Assets	122 000	48 000	37 000	72 000
Total Equity	58 000	16 000	28 000	37 000

Income (NOK)	2022	2021	2020	2019
Revenue	749 000	320 000	93 000	474 000
Expenditure	683 000	333 000	104 000	509 000
Operating Profit	65 000	−13 000	−11 000	−35 000
Financial Income	0	0	0	0
Financial Costs	11 000	3 000	1 000	0
Financial Balance	−11 000	−3 000	−1 000	0
Earnings Before Tax	54 000	−16 000	−12 000	−35 000
Tax	12 000	−3 000	−3 000	−8 000
Net Income	42 000	−12 000	−9 000	−28 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	36 000	38 000	33 000	28 000
Total Current Assets	86 000	10 000	4 000	44 000
Total Assets	122 000	48 000	37 000	72 000
Total Retained Equity	−2 000	−44 000	−32 000	−23 000
Total Equity	58 000	16 000	28 000	37 000
Total Long-Term Debt	0	0	0	0
Total Current Debt	64 000	32 000	9 000	35 000
Total Equity and Debt	122 000	48 000	37 000	72 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	749 000	320 000	93 000	462 000
Other Income	0	0	0	12 000
Revenue	749 000	320 000	93 000	474 000
Cost of Goods Sold	0	0	0	453 000
Salary Costs	0	0	0	0
Depreciation	0	0	0	0
Impairment	0	0	0	0
Expenditure	683 000	333 000	104 000	509 000
Operating Profit	65 000	−13 000	−11 000	−35 000
Financial Income	0	0	0	0
Financial Costs	11 000	3 000	1 000	0
Financial Balance	−11 000	−3 000	−1 000	0
Dividends	0	0	0	0
Net Income	42 000	−12 000	−9 000	−28 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	2 000	14 000	10 000	8 000
Real Eastate	0	0	0	0
Machinery and Plant Facilities	0	0	0	0
Fixtures	0	0	0	0
Total Tangible Assets	0	0	0	0
Total Fiancial Fixed Assets	34 000	24 000	22 000	20 000
Total Fixed Assets	36 000	38 000	33 000	28 000
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	85 000	10 000	0	44 000
Total Current Assets	86 000	10 000	4 000	44 000
Total Assets	122 000	48 000	37 000	72 000
Total Equity	58 000	16 000	28 000	37 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	0	0	0	0
Creditors	27 000	0	0	0
Unpaid Taxes	37 000	25 000	0	35 000
Dividends	0	0	0	0
Other Current Debt	0	7 000	8 000	0
Total Current Debt	64 000	32 000	9 000	35 000
Total Equity and Debt	122 000	48 000	37 000	72 000

Financial indicators	2022	2021	2020	2019
Return on Equity	72,41 %	−75 %	−32,14 %	−75,68 %
Debt-to-Equity Ratio	0	0	0	0
Operating Profit Margin	8,68 %	−4,06 %	−11,83 %	−7,38 %
Current Ratio	1,34	0,31	0,44	1,26
Quick Ratio	1,34	0,31	0,44	1,26
Equity Ratio	0,48	0,33	0,76	0,51
Gross Profit Margin	100 %	100 %	100 %	4,43 %