EXPERWELL AS

4033 STAVANGER

Finances

Return on Equity

−128,9 %

Current Ratio

1,99

Debt-to-Equity Ratio

Key figures (NOK)	2022	2021	2020	2019
Revenue	455 000	17 454 000	10 938 000	141 000
Net Income	−4 608 000	7 218 000	5 259 000	−917 000
Total Assets	7 197 000	12 936 000	7 134 000	685 000
Total Equity	3 575 000	11 683 000	5 024 000	−234 000

Income (NOK)	2022	2021	2020	2019
Revenue	455 000	17 454 000	10 938 000	141 000
Expenditure	5 379 000	8 389 000	4 817 000	1 065 000
Operating Profit	−4 924 000	9 066 000	6 121 000	−925 000
Financial Income	382 000	69 000	2 000	8 000
Financial Costs	66 000	243 000	326 000	0
Financial Balance	316 000	−174 000	−324 000	8 000
Earnings Before Tax	−4 608 000	8 893 000	5 797 000	−917 000
Tax	0	1 674 000	539 000	0
Net Income	−4 608 000	7 218 000	5 259 000	−917 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	0	1 000	14 000	27 000
Total Current Assets	7 197 000	12 935 000	7 120 000	658 000
Total Assets	7 197 000	12 936 000	7 134 000	685 000
Total Retained Equity	1 802 000	9 910 000	3 100 000	−2 159 000
Total Equity	3 575 000	11 683 000	5 024 000	−234 000
Total Long-Term Debt	0	0	513 000	813 000
Total Current Debt	3 622 000	1 253 000	1 597 000	107 000
Total Equity and Debt	7 197 000	12 936 000	7 134 000	685 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	455 000	17 204 000	10 938 000	141 000
Other Income	0	250 000	0	0
Revenue	455 000	17 454 000	10 938 000	141 000
Cost of Goods Sold	0	2 476 000	2 505 000	0
Salary Costs	1 791 000	2 102 000	1 857 000	697 000
Depreciation	1 000	13 000	13 000	13 000
Impairment	0	0	0	0
Expenditure	5 379 000	8 389 000	4 817 000	1 065 000
Operating Profit	−4 924 000	9 066 000	6 121 000	−925 000
Financial Income	382 000	69 000	2 000	8 000
Financial Costs	66 000	243 000	326 000	0
Financial Balance	316 000	−174 000	−324 000	8 000
Dividends	3 500 000	0	0	0
Net Income	−4 608 000	7 218 000	5 259 000	−917 000

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	0	1 000	14 000	27 000
Total Tangible Assets	0	1 000	14 000	27 000
Total Fiancial Fixed Assets	0	0	0	0
Total Fixed Assets	0	1 000	14 000	27 000
Stock	0	0	0	0
Total Investments	497 000	1 368 000	0	0
Cash, Bank	5 781 000	11 084 000	6 933 000	537 000
Total Current Assets	7 197 000	12 935 000	7 120 000	658 000
Total Assets	7 197 000	12 936 000	7 134 000	685 000
Total Equity	3 575 000	11 683 000	5 024 000	−234 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	0	0	513 000	813 000
Creditors	9 000	678 000	1 175 000	7 000
Unpaid Taxes	39 000	136 000	324 000	46 000
Dividends	3 500 000	0	0	0
Other Current Debt	74 000	281 000	159 000	54 000
Total Current Debt	3 622 000	1 253 000	1 597 000	107 000
Total Equity and Debt	7 197 000	12 936 000	7 134 000	685 000

Financial indicators	2022	2021	2020	2019
Return on Equity	−128,9 %	61,78 %	104,68 %	391,88 %
Debt-to-Equity Ratio	0	0	0,1	−3,47
Operating Profit Margin	−1 082,2 %	51,94 %	55,96 %	−656,03 %
Current Ratio	1,99	10,32	4,46	6,15
Quick Ratio	1,99	10,32	4,46	6,15
Equity Ratio	0,5	0,9	0,7	−0,34
Gross Profit Margin	100 %	85,81 %	77,1 %	100 %