BITGATE AS

0352 OSLO

Finances

Return on Equity

554,74 %

Current Ratio

0,38

Debt-to-Equity Ratio

−0,15

Key figures (NOK)	2022	2021	2020	2019
Revenue	135 000	118 000	747 000	0
Net Income	−1 520 000	−8 624 000	−6 279 000	−286 000
Total Assets	198 000	2 082 000	8 873 000	42 000
Total Equity	−274 000	1 246 000	8 736 000	−68 000

Income (NOK)	2022	2021	2020	2019
Revenue	135 000	118 000	747 000	0
Expenditure	1 655 000	2 492 000	778 000	285 000
Operating Profit	−1 520 000	−2 374 000	−31 000	−285 000
Financial Income	0	1 000	3 000	0
Financial Costs	0	6 251 000	6 252 000	0
Financial Balance	0	−6 250 000	−6 249 000	0
Earnings Before Tax	−1 520 000	−8 624 000	−6 279 000	−286 000
Tax	0	0	0	0
Net Income	−1 520 000	−8 624 000	−6 279 000	−286 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	34 000	34 000	8 785 000	38 000
Total Current Assets	164 000	2 048 000	88 000	4 000
Total Assets	198 000	2 082 000	8 873 000	42 000
Total Retained Equity	−19 853 000	−18 333 000	−9 709 000	−3 429 000
Total Equity	−274 000	1 246 000	8 736 000	−68 000
Total Long-Term Debt	40 000	40 000	40 000	40 000
Total Current Debt	432 000	796 000	97 000	70 000
Total Equity and Debt	198 000	2 082 000	8 873 000	42 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	135 000	118 000	60 000	0
Other Income	0	0	687 000	0
Revenue	135 000	118 000	747 000	0
Cost of Goods Sold	0	0	0	0
Salary Costs	0	0	0	0
Depreciation	0	2 000	2 000	10 000
Impairment	0	0	0	0
Expenditure	1 655 000	2 492 000	778 000	285 000
Operating Profit	−1 520 000	−2 374 000	−31 000	−285 000
Financial Income	0	1 000	3 000	0
Financial Costs	0	6 251 000	6 252 000	0
Financial Balance	0	−6 250 000	−6 249 000	0
Dividends	0	0	0	0
Net Income	−1 520 000	−8 624 000	−6 279 000	−286 000

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	4 000	4 000	5 000	8 000
Total Tangible Assets	4 000	4 000	5 000	8 000
Total Fiancial Fixed Assets	30 000	30 000	8 780 000	30 000
Total Fixed Assets	34 000	34 000	8 785 000	38 000
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	42 000	939 000	42 000	4 000
Total Current Assets	164 000	2 048 000	88 000	4 000
Total Assets	198 000	2 082 000	8 873 000	42 000
Total Equity	−274 000	1 246 000	8 736 000	−68 000
Short-Term Group Debt	339 000	339 000	88 000	44 000
Total Long-Term Debt	40 000	40 000	40 000	40 000
Creditors	5 000	62 000	9 000	20 000
Unpaid Taxes	−25 000	0	0	6 000
Dividends	0	0	0	0
Other Current Debt	113 000	394 000	0	0
Total Current Debt	432 000	796 000	97 000	70 000
Total Equity and Debt	198 000	2 082 000	8 873 000	42 000

Financial indicators	2022	2021	2020	2019
Return on Equity	554,74 %	−692,13 %	−71,88 %	420,59 %
Debt-to-Equity Ratio	−0,15	0,03	0	−0,59
Operating Profit Margin	−1 125,93 %	−2 011,86 %	−4,15 %	-
Current Ratio	0,38	2,57	0,91	0,06
Quick Ratio	0,38	2,57	0,91	0,06
Equity Ratio	−1,38	0,6	0,98	−1,62
Gross Profit Margin	100 %	100 %	100 %	-