NORDIC EDUCATION CENTRE FOR ETHICAL DOG TRAINING AS

8220 RØSVIK

Finances

Share Ownership

Return on Equity

−23,98 %

Current Ratio

2,1

Debt-to-Equity Ratio

1,87

Key figures (NOK)	2022	2021	2020	2019
Revenue	3 905 000	3 327 000	2 089 000	0
Net Income	−59 000	390 000	3 000	−1 000
Total Assets	930 000	581 000	708 000	20 000
Total Equity	246 000	304 000	15 000	11 000

Income (NOK)	2022	2021	2020	2019
Revenue	3 905 000	3 327 000	2 089 000	0
Expenditure	3 928 000	2 812 000	2 082 000	1 000
Operating Profit	−23 000	515 000	7 000	−1 000
Financial Income	3 000	1 000	2 000	0
Financial Costs	39 000	16 000	6 000	0
Financial Balance	−36 000	−15 000	−4 000	0
Earnings Before Tax	−59 000	499 000	3 000	−1 000
Tax	0	110 000	0	0
Net Income	−59 000	390 000	3 000	−1 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	462 000	15 000	0	0
Total Current Assets	468 000	566 000	708 000	20 000
Total Assets	930 000	581 000	708 000	20 000
Total Retained Equity	216 000	274 000	−15 000	−19 000
Total Equity	246 000	304 000	15 000	11 000
Total Long-Term Debt	461 000	0	0	0
Total Current Debt	223 000	277 000	693 000	9 000
Total Equity and Debt	930 000	581 000	708 000	20 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	3 905 000	3 327 000	2 089 000	0
Other Income	0	0	0	0
Revenue	3 905 000	3 327 000	2 089 000	0
Cost of Goods Sold	1 586 000	709 000	412 000	0
Salary Costs	1 118 000	1 048 000	800 000	0
Depreciation	71 000	1 000	0	0
Impairment	0	0	0	0
Expenditure	3 928 000	2 812 000	2 082 000	1 000
Operating Profit	−23 000	515 000	7 000	−1 000
Financial Income	3 000	1 000	2 000	0
Financial Costs	39 000	16 000	6 000	0
Financial Balance	−36 000	−15 000	−4 000	0
Dividends	0	100 000	0	0
Net Income	−59 000	390 000	3 000	−1 000

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	462 000	15 000	0	0
Total Tangible Assets	462 000	15 000	0	0
Total Fiancial Fixed Assets	0	0	0	0
Total Fixed Assets	462 000	15 000	0	0
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	268 000	527 000	415 000	0
Total Current Assets	468 000	566 000	708 000	20 000
Total Assets	930 000	581 000	708 000	20 000
Total Equity	246 000	304 000	15 000	11 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	461 000	0	0	0
Creditors	25 000	17 000	16 000	0
Unpaid Taxes	87 000	27 000	176 000	0
Dividends	0	100 000	0	0
Other Current Debt	111 000	123 000	501 000	9 000
Total Current Debt	223 000	277 000	693 000	9 000
Total Equity and Debt	930 000	581 000	708 000	20 000

Financial indicators	2022	2021	2020	2019
Return on Equity	−23,98 %	128,29 %	20 %	−9,09 %
Debt-to-Equity Ratio	1,87	0	0	0
Operating Profit Margin	−0,59 %	15,48 %	0,34 %	-
Current Ratio	2,1	2,04	1,02	2,22
Quick Ratio	2,1	2,04	1,02	2,22
Equity Ratio	0,26	0,52	0,02	0,55
Gross Profit Margin	59,39 %	78,69 %	80,28 %	-