NORDIC EDGE AS

4007 STAVANGER

Finances

Share Ownership

Return on Equity

−55,18 %

Current Ratio

1,72

Debt-to-Equity Ratio

Key figures (NOK)	2022	2021	2020	2019
Revenue	19 785 000	23 115 000	25 487 000	15 313 000
Net Income	−3 200 000	2 073 000	−450 000	−2 843 000
Total Assets	13 763 000	12 857 000	9 607 000	4 868 000
Total Equity	5 799 000	8 998 000	3 925 000	1 376 000

Income (NOK)	2022	2021	2020	2019
Revenue	19 785 000	23 115 000	25 487 000	15 313 000
Expenditure	22 963 000	21 042 000	25 918 000	18 145 000
Operating Profit	−3 178 000	2 074 000	−431 000	−2 833 000
Financial Income	12 000	8 000	10 000	20 000
Financial Costs	35 000	9 000	29 000	29 000
Financial Balance	−23 000	−1 000	−19 000	−9 000
Earnings Before Tax	−3 200 000	2 073 000	−450 000	−2 843 000
Tax	0	0	0	0
Net Income	−3 200 000	2 073 000	−450 000	−2 843 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	31 000	133 000	303 000	422 000
Total Current Assets	13 731 000	12 725 000	9 304 000	4 445 000
Total Assets	13 763 000	12 857 000	9 607 000	4 868 000
Total Retained Equity	0	2 073 000	0	−2 724 000
Total Equity	5 799 000	8 998 000	3 925 000	1 376 000
Total Long-Term Debt	0	0	0	0
Total Current Debt	7 964 000	3 859 000	5 682 000	3 492 000
Total Equity and Debt	13 763 000	12 857 000	9 607 000	4 868 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	19 785 000	23 115 000	25 487 000	14 968 000
Other Income	0	0	0	344 000
Revenue	19 785 000	23 115 000	25 487 000	15 313 000
Cost of Goods Sold	6 987 000	7 328 000	7 139 000	4 821 000
Salary Costs	11 406 000	10 854 000	13 941 000	8 964 000
Depreciation	129 000	170 000	212 000	122 000
Impairment	0	0	0	0
Expenditure	22 963 000	21 042 000	25 918 000	18 145 000
Operating Profit	−3 178 000	2 074 000	−431 000	−2 833 000
Financial Income	12 000	8 000	10 000	20 000
Financial Costs	35 000	9 000	29 000	29 000
Financial Balance	−23 000	−1 000	−19 000	−9 000
Dividends	0	0	0	0
Net Income	−3 200 000	2 073 000	−450 000	−2 843 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	0	0	0	0
Real Eastate	0	0	0	0
Machinery and Plant Facilities	0	0	0	0
Fixtures	31 000	133 000	303 000	422 000
Total Tangible Assets	31 000	133 000	303 000	422 000
Total Fiancial Fixed Assets	0	0	0	0
Total Fixed Assets	31 000	133 000	303 000	422 000
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	10 452 000	8 383 000	2 936 000	1 506 000
Total Current Assets	13 731 000	12 725 000	9 304 000	4 445 000
Total Assets	13 763 000	12 857 000	9 607 000	4 868 000
Total Equity	5 799 000	8 998 000	3 925 000	1 376 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	0	0	0	0
Creditors	1 012 000	1 260 000	2 552 000	1 842 000
Unpaid Taxes	692 000	746 000	923 000	712 000
Dividends	0	0	0	0
Other Current Debt	6 260 000	1 853 000	2 207 000	938 000
Total Current Debt	7 964 000	3 859 000	5 682 000	3 492 000
Total Equity and Debt	13 763 000	12 857 000	9 607 000	4 868 000

Financial indicators	2022	2021	2020	2019
Return on Equity	−55,18 %	23,04 %	−11,46 %	−206,61 %
Debt-to-Equity Ratio	0	0	0	0
Operating Profit Margin	−16,06 %	8,97 %	−1,69 %	−18,5 %
Current Ratio	1,72	3,3	1,64	1,27
Quick Ratio	1,72	3,3	1,64	1,27
Equity Ratio	0,42	0,7	0,41	0,28
Gross Profit Margin	64,69 %	68,3 %	71,99 %	68,52 %