SKIENS CYKKELFABRIK AS

3717 SKIEN

Finances

Share Ownership

Return on Equity

−147,47 %

Current Ratio

30,45

Debt-to-Equity Ratio

6,17

Key figures (NOK)	2022	2021	2020	2019
Revenue	24 000	59 000	38 000	92 000
Net Income	−320 000	−1 216 000	−988 000	−1 358 000
Total Assets	1 589 000	2 265 000	3 138 000	3 384 000
Total Equity	217 000	537 000	−796 000	192 000

Income (NOK)	2022	2021	2020	2019
Revenue	24 000	59 000	38 000	92 000
Expenditure	670 000	1 157 000	918 000	2 107 000
Operating Profit	−794 000	−1 146 000	−900 000	−1 276 000
Financial Income	0	0	0	3 000
Financial Costs	−474 000	70 000	88 000	85 000
Financial Balance	474 000	−70 000	−88 000	−82 000
Earnings Before Tax	−320 000	−1 216 000	−988 000	−1 358 000
Tax	0	0	0	0
Net Income	−320 000	−1 216 000	−988 000	−1 358 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	584 000	1 041 000	1 400 000	1 656 000
Total Current Assets	1 005 000	1 224 000	1 737 000	1 728 000
Total Assets	1 589 000	2 265 000	3 138 000	3 384 000
Total Retained Equity	−4 576 000	−4 256 000	−3 040 000	−2 051 000
Total Equity	217 000	537 000	−796 000	192 000
Total Long-Term Debt	1 339 000	1 694 000	3 623 000	2 155 000
Total Current Debt	33 000	34 000	311 000	1 037 000
Total Equity and Debt	1 589 000	2 265 000	3 138 000	3 384 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	0	65 000	37 000	92 000
Other Income	24 000	−7 000	1 000	0
Revenue	24 000	59 000	38 000	92 000
Cost of Goods Sold	0	428 000	0	632 000
Salary Costs	3 000	48 000	88 000	505 000
Depreciation	457 000	403 000	379 000	237 000
Impairment	0	0	0	0
Expenditure	670 000	1 157 000	918 000	2 107 000
Operating Profit	−794 000	−1 146 000	−900 000	−1 276 000
Financial Income	0	0	0	3 000
Financial Costs	−474 000	70 000	88 000	85 000
Financial Balance	474 000	−70 000	−88 000	−82 000
Dividends	0	0	0	0
Net Income	−320 000	−1 216 000	−988 000	−1 358 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	584 000	1 041 000	1 400 000	1 656 000
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	0	0	0	0
Total Fixed Assets	584 000	1 041 000	1 400 000	1 656 000
Stock	1 002 000	1 151 000	1 626 000	1 646 000
Total Investments	0	0	0	0
Cash, Bank	3 000	11 000	2 000	17 000
Total Current Assets	1 005 000	1 224 000	1 737 000	1 728 000
Total Assets	1 589 000	2 265 000	3 138 000	3 384 000
Total Equity	217 000	537 000	−796 000	192 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	1 339 000	1 694 000	3 623 000	2 155 000
Creditors	27 000	31 000	174 000	932 000
Unpaid Taxes	1 000	1 000	5 000	42 000
Dividends	0	0	0	0
Other Current Debt	6 000	2 000	131 000	64 000
Total Current Debt	33 000	34 000	311 000	1 037 000
Total Equity and Debt	1 589 000	2 265 000	3 138 000	3 384 000

Financial indicators	2022	2021	2020	2019
Return on Equity	−147,47 %	−226,44 %	124,12 %	−707,29 %
Debt-to-Equity Ratio	6,17	3,15	−4,55	11,22
Operating Profit Margin	−3 308,33 %	−1 942,37 %	−2 368,42 %	−1 386,96 %
Current Ratio	30,45	36	5,59	1,67
Quick Ratio	−1,04	−1,1	−1,32	−2,84
Equity Ratio	0,14	0,24	−0,25	0,06
Gross Profit Margin	100 %	−625,42 %	100 %	−586,96 %