KRINGEN AS

7507 STJØRDAL

Finances

Return on Equity

9,24 %

Current Ratio

0,25

Debt-to-Equity Ratio

−0,89

Key figures (NOK)	2022	2021	2020	2019
Revenue	15 000	90 000	80 000	0
Net Income	−33 000	−3 000	−339 000	−3 000
Total Assets	87 000	128 000	397 000	611 000
Total Equity	−357 000	−324 000	−321 000	18 000

Income (NOK)	2022	2021	2020	2019
Revenue	15 000	90 000	80 000	0
Expenditure	58 000	94 000	53 000	3 000
Operating Profit	−43 000	−4 000	27 000	−3 000
Financial Income	0	0	0	0
Financial Costs	0	0	360 000	0
Financial Balance	0	0	−360 000	0
Earnings Before Tax	−43 000	−4 000	−333 000	−3 000
Tax	−9 000	−1 000	6 000	−1 000
Net Income	−33 000	−3 000	−339 000	−3 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	55 000	66 000	317 000	597 000
Total Current Assets	31 000	62 000	80 000	14 000
Total Assets	87 000	128 000	397 000	611 000
Total Retained Equity	−382 000	−348 000	−345 000	−6 000
Total Equity	−357 000	−324 000	−321 000	18 000
Total Long-Term Debt	318 000	318 000	570 000	570 000
Total Current Debt	126 000	134 000	148 000	23 000
Total Equity and Debt	87 000	128 000	397 000	611 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	15 000	90 000	80 000	0
Other Income	0	0	0	0
Revenue	15 000	90 000	80 000	0
Cost of Goods Sold	0	0	0	0
Salary Costs	0	82 000	48 000	0
Depreciation	0	0	0	0
Impairment	0	0	0	0
Expenditure	58 000	94 000	53 000	3 000
Operating Profit	−43 000	−4 000	27 000	−3 000
Financial Income	0	0	0	0
Financial Costs	0	0	360 000	0
Financial Balance	0	0	−360 000	0
Dividends	0	0	0	0
Net Income	−33 000	−3 000	−339 000	−3 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	10 000	1 000	0	3 000
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	45 000	65 000	317 000	594 000
Total Fixed Assets	55 000	66 000	317 000	597 000
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	13 000	62 000	68 000	14 000
Total Current Assets	31 000	62 000	80 000	14 000
Total Assets	87 000	128 000	397 000	611 000
Total Equity	−357 000	−324 000	−321 000	18 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	318 000	318 000	570 000	570 000
Creditors	0	1 000	0	0
Unpaid Taxes	1 000	7 000	25 000	0
Dividends	0	0	0	0
Other Current Debt	125 000	127 000	120 000	23 000
Total Current Debt	126 000	134 000	148 000	23 000
Total Equity and Debt	87 000	128 000	397 000	611 000

Financial indicators	2022	2021	2020	2019
Return on Equity	9,24 %	0,93 %	105,61 %	−16,67 %
Debt-to-Equity Ratio	−0,89	−0,98	−1,78	31,67
Operating Profit Margin	−286,67 %	−4,44 %	33,75 %	-
Current Ratio	0,25	0,46	0,54	0,61
Quick Ratio	0,25	0,46	0,54	0,61
Equity Ratio	−4,1	−2,53	−0,81	0,03
Gross Profit Margin	100 %	100 %	100 %	-