ETHICA LAW AS

1406 SKI

Finances

Return on Equity

−682,46 %

Current Ratio

2,59

Debt-to-Equity Ratio

11,25

Key figures (NOK)	2022	2021	2020	2019
Revenue	120 000	52 000	20 000	5 000
Net Income	−389 000	26 000	12 000	−5 000
Total Assets	752 000	1 166 000	1 134 000	985 000
Total Equity	57 000	446 000	420 000	408 000

Income (NOK)	2022	2021	2020	2019
Revenue	120 000	52 000	20 000	5 000
Expenditure	23 000	18 000	7 000	10 000
Operating Profit	98 000	34 000	13 000	−5 000
Financial Income	0	0	0	0
Financial Costs	464 000	0	0	0
Financial Balance	−464 000	0	0	0
Earnings Before Tax	−366 000	34 000	13 000	−5 000
Tax	22 000	8 000	2 000	0
Net Income	−389 000	26 000	12 000	−5 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	612 000	1 147 000	1 130 000	980 000
Total Current Assets	140 000	19 000	3 000	5 000
Total Assets	752 000	1 166 000	1 134 000	985 000
Total Retained Equity	−243 000	145 000	119 000	108 000
Total Equity	57 000	446 000	420 000	408 000
Total Long-Term Debt	641 000	711 000	711 000	576 000
Total Current Debt	54 000	9 000	3 000	1 000
Total Equity and Debt	752 000	1 166 000	1 134 000	985 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	120 000	52 000	20 000	5 000
Other Income	0	0	0	0
Revenue	120 000	52 000	20 000	5 000
Cost of Goods Sold	0	0	0	0
Salary Costs	0	0	0	0
Depreciation	8 000	6 000	0	0
Impairment	0	0	0	0
Expenditure	23 000	18 000	7 000	10 000
Operating Profit	98 000	34 000	13 000	−5 000
Financial Income	0	0	0	0
Financial Costs	464 000	0	0	0
Financial Balance	−464 000	0	0	0
Dividends	0	0	0	0
Net Income	−389 000	26 000	12 000	−5 000

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	9 000	16 000	0	0
Total Tangible Assets	9 000	16 000	0	0
Total Fiancial Fixed Assets	603 000	1 130 000	1 130 000	980 000
Total Fixed Assets	612 000	1 147 000	1 130 000	980 000
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	115 000	19 000	3 000	5 000
Total Current Assets	140 000	19 000	3 000	5 000
Total Assets	752 000	1 166 000	1 134 000	985 000
Total Equity	57 000	446 000	420 000	408 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	641 000	711 000	711 000	576 000
Creditors	0	0	0	0
Unpaid Taxes	22 000	0	−1 000	−1 000
Dividends	0	0	0	0
Other Current Debt	9 000	2 000	2 000	2 000
Total Current Debt	54 000	9 000	3 000	1 000
Total Equity and Debt	752 000	1 166 000	1 134 000	985 000

Financial indicators	2022	2021	2020	2019
Return on Equity	−682,46 %	5,83 %	2,86 %	−1,23 %
Debt-to-Equity Ratio	11,25	1,59	1,69	1,41
Operating Profit Margin	81,67 %	65,38 %	65 %	−100 %
Current Ratio	2,59	2,11	1	5
Quick Ratio	2,59	2,11	1	5
Equity Ratio	0,08	0,38	0,37	0,41
Gross Profit Margin	100 %	100 %	100 %	100 %