X2 LABS AS

4034 STAVANGER

Finances

Return on Equity

30,47 %

Current Ratio

10,44

Debt-to-Equity Ratio

Key figures (NOK)	2022	2021	2020	2019
Revenue	0	30 000	0	0
Net Income	2 130 000	3 588 000	−485 000	611 000
Total Assets	7 526 000	6 551 000	2 761 000	1 761 000
Total Equity	6 991 000	4 861 000	551 000	1 037 000

Income (NOK)	2022	2021	2020	2019
Revenue	0	30 000	0	0
Expenditure	62 000	126 000	491 000	474 000
Operating Profit	−62 000	−96 000	−491 000	−473 000
Financial Income	2 199 000	3 619 000	99 000	899 000
Financial Costs	7 000	139 000	93 000	33 000
Financial Balance	2 192 000	3 480 000	6 000	866 000
Earnings Before Tax	2 130 000	3 384 000	−485 000	393 000
Tax	0	−204 000	0	−218 000
Net Income	2 130 000	3 588 000	−485 000	611 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	1 942 000	1 750 000	1 076 000	133 000
Total Current Assets	5 584 000	4 801 000	1 686 000	1 628 000
Total Assets	7 526 000	6 551 000	2 761 000	1 761 000
Total Retained Equity	5 184 000	3 054 000	−534 000	−49 000
Total Equity	6 991 000	4 861 000	551 000	1 037 000
Total Long-Term Debt	0	0	0	0
Total Current Debt	535 000	1 690 000	2 210 000	725 000
Total Equity and Debt	7 526 000	6 551 000	2 761 000	1 761 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	0	30 000	0	0
Other Income	0	0	0	0
Revenue	0	30 000	0	0
Cost of Goods Sold	0	0	0	0
Salary Costs	0	0	0	0
Depreciation	0	7 000	8 000	14 000
Impairment	0	0	0	0
Expenditure	62 000	126 000	491 000	474 000
Operating Profit	−62 000	−96 000	−491 000	−473 000
Financial Income	2 199 000	3 619 000	99 000	899 000
Financial Costs	7 000	139 000	93 000	33 000
Financial Balance	2 192 000	3 480 000	6 000	866 000
Dividends	0	0	0	0
Net Income	2 130 000	3 588 000	−485 000	611 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	0	0	7 000	15 000
Real Eastate	0	0	0	0
Machinery and Plant Facilities	0	0	0	0
Fixtures	0	0	0	0
Total Tangible Assets	0	0	0	0
Total Fiancial Fixed Assets	1 942 000	1 750 000	1 068 000	118 000
Total Fixed Assets	1 942 000	1 750 000	1 076 000	133 000
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	0	3 000	0	0
Total Current Assets	5 584 000	4 801 000	1 686 000	1 628 000
Total Assets	7 526 000	6 551 000	2 761 000	1 761 000
Total Equity	6 991 000	4 861 000	551 000	1 037 000
Short-Term Group Debt	493 000	493 000	492 000	0
Total Long-Term Debt	0	0	0	0
Creditors	2 000	2 000	165 000	199 000
Unpaid Taxes	0	0	0	9 000
Dividends	0	0	0	0
Other Current Debt	40 000	1 195 000	1 553 000	516 000
Total Current Debt	535 000	1 690 000	2 210 000	725 000
Total Equity and Debt	7 526 000	6 551 000	2 761 000	1 761 000

Financial indicators	2022	2021	2020	2019
Return on Equity	30,47 %	73,81 %	−88,02 %	58,92 %
Debt-to-Equity Ratio	0	0	0	0
Operating Profit Margin	-	−320 %	-	-
Current Ratio	10,44	2,84	0,76	2,25
Quick Ratio	10,44	2,84	0,76	2,25
Equity Ratio	0,93	0,74	0,2	0,59
Gross Profit Margin	-	100 %	-	-