ECOFANG AS

9010 TROMSØ

Finances

Share Ownership

Return on Equity

188,45 %

Current Ratio

0,56

Debt-to-Equity Ratio

−3,3

Key figures (NOK)	2022	2021	2020	2019
Revenue	591 000	441 000	782 000	310 000
Net Income	−1 762 000	−2 005 000	−313 000	90 000
Total Assets	2 435 000	4 216 000	3 512 000	649 000
Total Equity	−935 000	827 000	2 158 000	557 000

Income (NOK)	2022	2021	2020	2019
Revenue	591 000	441 000	782 000	310 000
Expenditure	2 310 000	2 407 000	1 086 000	221 000
Operating Profit	−1 719 000	−1 966 000	−303 000	90 000
Financial Income	2 000	0	0	0
Financial Costs	45 000	40 000	10 000	0
Financial Balance	−43 000	−40 000	−10 000	0
Earnings Before Tax	−1 762 000	−2 005 000	−313 000	90 000
Tax	0	0	0	0
Net Income	−1 762 000	−2 005 000	−313 000	90 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	2 275 000	2 603 000	1 646 000	364 000
Total Current Assets	160 000	1 613 000	1 866 000	285 000
Total Assets	2 435 000	4 216 000	3 512 000	649 000
Total Retained Equity	−4 225 000	−2 463 000	−457 000	−144 000
Total Equity	−935 000	827 000	2 158 000	557 000
Total Long-Term Debt	3 084 000	3 138 000	792 000	0
Total Current Debt	286 000	251 000	562 000	92 000
Total Equity and Debt	2 435 000	4 216 000	3 512 000	649 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	323 000	66 000	31 000	0
Other Income	268 000	375 000	751 000	310 000
Revenue	591 000	441 000	782 000	310 000
Cost of Goods Sold	61 000	403 000	188 000	105 000
Salary Costs	906 000	835 000	126 000	0
Depreciation	175 000	110 000	27 000	1 000
Impairment	0	0	0	0
Expenditure	2 310 000	2 407 000	1 086 000	221 000
Operating Profit	−1 719 000	−1 966 000	−303 000	90 000
Financial Income	2 000	0	0	0
Financial Costs	45 000	40 000	10 000	0
Financial Balance	−43 000	−40 000	−10 000	0
Dividends	0	0	0	0
Net Income	−1 762 000	−2 005 000	−313 000	90 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	329 000	329 000	329 000	329 000
Real Eastate	1 250 000	1 274 000	1 245 000	0
Machinery and Plant Facilities	314 000	162 000	39 000	35 000
Fixtures	8 000	445 000	15 000	0
Total Tangible Assets	1 946 000	2 274 000	1 298 000	35 000
Total Fiancial Fixed Assets	0	0	18 000	0
Total Fixed Assets	2 275 000	2 603 000	1 646 000	364 000
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	64 000	1 458 000	1 710 000	285 000
Total Current Assets	160 000	1 613 000	1 866 000	285 000
Total Assets	2 435 000	4 216 000	3 512 000	649 000
Total Equity	−935 000	827 000	2 158 000	557 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	3 084 000	3 138 000	792 000	0
Creditors	136 000	159 000	91 000	2 000
Unpaid Taxes	−2 000	19 000	10 000	0
Dividends	0	0	0	0
Other Current Debt	152 000	72 000	461 000	90 000
Total Current Debt	286 000	251 000	562 000	92 000
Total Equity and Debt	2 435 000	4 216 000	3 512 000	649 000

Financial indicators	2022	2021	2020	2019
Return on Equity	188,45 %	−242,44 %	−14,5 %	16,16 %
Debt-to-Equity Ratio	−3,3	3,79	0,37	0
Operating Profit Margin	−290,86 %	−445,8 %	−38,75 %	29,03 %
Current Ratio	0,56	6,43	3,32	3,1
Quick Ratio	0,56	6,43	3,32	3,1
Equity Ratio	−0,38	0,2	0,61	0,86
Gross Profit Margin	89,68 %	8,62 %	75,96 %	66,13 %