NORDIC CREDIT RATING AS

0251 OSLO

Finances

Share Ownership

Return on Equity

−38,61 %

Current Ratio

6,36

Debt-to-Equity Ratio

Key figures (NOK)	2022	2021	2020	2019
Revenue	17 344 000	15 248 000	7 998 000	3 618 000
Net Income	−8 705 000	−9 812 000	−14 454 000	−17 454 000
Total Assets	26 693 000	38 664 000	44 348 000	58 600 000
Total Equity	22 546 000	31 251 000	41 063 000	55 517 000

Income (NOK)	2022	2021	2020	2019
Revenue	17 344 000	15 248 000	7 998 000	3 618 000
Expenditure	25 524 000	25 190 000	22 592 000	21 269 000
Operating Profit	−8 179 000	−9 942 000	−14 595 000	−17 651 000
Financial Income	1 273 000	446 000	470 000	384 000
Financial Costs	1 798 000	316 000	329 000	186 000
Financial Balance	−525 000	130 000	141 000	198 000
Earnings Before Tax	−8 705 000	−9 812 000	−14 454 000	−17 454 000
Tax	0	0	0	0
Net Income	−8 705 000	−9 812 000	−14 454 000	−17 454 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	313 000	172 000	256 000	315 000
Total Current Assets	26 379 000	38 491 000	44 092 000	58 285 000
Total Assets	26 693 000	38 664 000	44 348 000	58 600 000
Total Retained Equity	−77 484 000	−68 779 000	−58 967 000	−44 513 000
Total Equity	22 546 000	31 251 000	41 063 000	55 517 000
Total Long-Term Debt	0	0	0	0
Total Current Debt	4 147 000	7 413 000	3 285 000	3 083 000
Total Equity and Debt	26 693 000	38 664 000	44 348 000	58 600 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	17 344 000	15 248 000	7 998 000	3 618 000
Other Income	0	0	0	0
Revenue	17 344 000	15 248 000	7 998 000	3 618 000
Cost of Goods Sold	0	0	0	0
Salary Costs	19 984 000	20 914 000	16 895 000	15 546 000
Depreciation	17 000	21 000	59 000	59 000
Impairment	0	0	0	0
Expenditure	25 524 000	25 190 000	22 592 000	21 269 000
Operating Profit	−8 179 000	−9 942 000	−14 595 000	−17 651 000
Financial Income	1 273 000	446 000	470 000	384 000
Financial Costs	1 798 000	316 000	329 000	186 000
Financial Balance	−525 000	130 000	141 000	198 000
Dividends	0	0	0	0
Net Income	−8 705 000	−9 812 000	−14 454 000	−17 454 000

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	57 000	17 000	21 000	80 000
Total Tangible Assets	57 000	17 000	21 000	80 000
Total Fiancial Fixed Assets	257 000	155 000	235 000	235 000
Total Fixed Assets	313 000	172 000	256 000	315 000
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	25 614 000	36 194 000	43 185 000	56 239 000
Total Current Assets	26 379 000	38 491 000	44 092 000	58 285 000
Total Assets	26 693 000	38 664 000	44 348 000	58 600 000
Total Equity	22 546 000	31 251 000	41 063 000	55 517 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	0	0	0	0
Creditors	264 000	326 000	270 000	309 000
Unpaid Taxes	703 000	4 492 000	642 000	538 000
Dividends	0	0	0	0
Other Current Debt	3 179 000	2 596 000	2 373 000	2 235 000
Total Current Debt	4 147 000	7 413 000	3 285 000	3 083 000
Total Equity and Debt	26 693 000	38 664 000	44 348 000	58 600 000

Financial indicators	2022	2021	2020	2019
Return on Equity	−38,61 %	−31,4 %	−35,2 %	−31,44 %
Debt-to-Equity Ratio	0	0	0	0
Operating Profit Margin	−47,16 %	−65,2 %	−182,48 %	−487,87 %
Current Ratio	6,36	5,19	13,42	18,91
Quick Ratio	6,36	5,19	13,42	18,91
Equity Ratio	0,84	0,81	0,93	0,95
Gross Profit Margin	100 %	100 %	100 %	100 %