NORTH CIRCULARE AS

8517 NARVIK

Finances

Share Ownership

Return on Equity

−5 738,46 %

Current Ratio

0,27

Debt-to-Equity Ratio

947,46

Key figures (NOK)	2022	2021	2020	2019
Revenue	0	714 000	0	0
Net Income	−746 000	−481 000	−2 505 000	−2 802 000
Total Assets	20 838 000	13 812 000	10 879 000	10 879 000
Total Equity	13 000	759 000	−17 027 000	−14 523 000

Income (NOK)	2022	2021	2020	2019
Revenue	0	714 000	0	0
Expenditure	433 000	430 000	256 000	701 000
Operating Profit	−433 000	284 000	−256 000	−701 000
Financial Income	0	1 000	0	0
Financial Costs	308 000	766 000	2 249 000	2 101 000
Financial Balance	−308 000	−765 000	−2 249 000	−2 101 000
Earnings Before Tax	−741 000	−481 000	−2 505 000	−2 802 000
Tax	5 000	0	0	0
Net Income	−746 000	−481 000	−2 505 000	−2 802 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	18 578 000	10 457 000	10 849 000	10 849 000
Total Current Assets	2 259 000	3 354 000	29 000	29 000
Total Assets	20 838 000	13 812 000	10 879 000	10 879 000
Total Retained Equity	−15 784 000	−15 038 000	−17 057 000	−14 553 000
Total Equity	13 000	759 000	−17 027 000	−14 523 000
Total Long-Term Debt	12 317 000	12 317 000	27 238 000	24 989 000
Total Current Debt	8 507 000	735 000	668 000	412 000
Total Equity and Debt	20 838 000	13 812 000	10 879 000	10 879 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	0	321 000	0	0
Other Income	0	393 000	0	0
Revenue	0	714 000	0	0
Cost of Goods Sold	0	0	0	0
Salary Costs	0	0	0	0
Depreciation	29 000	11 000	0	0
Impairment	55 000	0	0	506 000
Expenditure	433 000	430 000	256 000	701 000
Operating Profit	−433 000	284 000	−256 000	−701 000
Financial Income	0	1 000	0	0
Financial Costs	308 000	766 000	2 249 000	2 101 000
Financial Balance	−308 000	−765 000	−2 249 000	−2 101 000
Dividends	0	0	0	0
Net Income	−746 000	−481 000	−2 505 000	−2 802 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	0	0	0	0
Real Eastate	10 373 000	10 457 000	10 849 000	10 849 000
Machinery and Plant Facilities	0	0	0	0
Fixtures	8 205 000	0	0	0
Total Tangible Assets	18 578 000	10 457 000	10 849 000	10 849 000
Total Fiancial Fixed Assets	0	0	0	0
Total Fixed Assets	18 578 000	10 457 000	10 849 000	10 849 000
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	1 196 000	854 000	18 000	18 000
Total Current Assets	2 259 000	3 354 000	29 000	29 000
Total Assets	20 838 000	13 812 000	10 879 000	10 879 000
Total Equity	13 000	759 000	−17 027 000	−14 523 000
Short-Term Group Debt	0	0	452 000	206 000
Total Long-Term Debt	12 317 000	12 317 000	27 238 000	24 989 000
Creditors	2 361 000	388 000	154 000	198 000
Unpaid Taxes	0	0	0	0
Dividends	0	0	0	0
Other Current Debt	6 146 000	347 000	62 000	8 000
Total Current Debt	8 507 000	735 000	668 000	412 000
Total Equity and Debt	20 838 000	13 812 000	10 879 000	10 879 000

Financial indicators	2022	2021	2020	2019
Return on Equity	−5 738,46 %	−63,37 %	14,71 %	19,29 %
Debt-to-Equity Ratio	947,46	16,23	−1,6	−1,72
Operating Profit Margin	-	39,78 %	-	-
Current Ratio	0,27	4,56	0,04	0,07
Quick Ratio	0,27	4,56	0,04	0,07
Equity Ratio	0	0,05	−1,57	−1,33
Gross Profit Margin	-	100 %	-	-