NORWAY REPORTS AS

0352 OSLO

Finances

Share Ownership

Return on Equity

16,62 %

Current Ratio

0,07

Debt-to-Equity Ratio

−0,95

Key figures (NOK)	2022	2021	2020	2019
Revenue	95 000	93 000	114 000	0
Net Income	−579 000	−628 000	−762 000	−718 000
Total Assets	14 000	−2 000	309 000	79 000
Total Equity	−3 483 000	−2 905 000	−2 125 000	−1 375 000

Income (NOK)	2022	2021	2020	2019
Revenue	95 000	93 000	114 000	0
Expenditure	675 000	722 000	876 000	718 000
Operating Profit	−579 000	−628 000	−762 000	−718 000
Financial Income	0	0	0	0
Financial Costs	0	0	0	0
Financial Balance	0	0	0	0
Earnings Before Tax	−579 000	−628 000	−762 000	−718 000
Tax	0	0	0	0
Net Income	−579 000	−628 000	−762 000	−718 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	3 000	−2 000	23 000	0
Total Current Assets	12 000	0	286 000	79 000
Total Assets	14 000	−2 000	309 000	79 000
Total Retained Equity	−3 513 000	−2 935 000	−2 155 000	−1 405 000
Total Equity	−3 483 000	−2 905 000	−2 125 000	−1 375 000
Total Long-Term Debt	3 322 000	2 702 000	2 042 000	1 243 000
Total Current Debt	176 000	200 000	392 000	211 000
Total Equity and Debt	14 000	−2 000	309 000	79 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	94 000	93 000	89 000	0
Other Income	1 000	0	25 000	0
Revenue	95 000	93 000	114 000	0
Cost of Goods Sold	45 000	35 000	157 000	39 000
Salary Costs	628 000	687 000	719 000	679 000
Depreciation	0	0	0	0
Impairment	0	0	0	0
Expenditure	675 000	722 000	876 000	718 000
Operating Profit	−579 000	−628 000	−762 000	−718 000
Financial Income	0	0	0	0
Financial Costs	0	0	0	0
Financial Balance	0	0	0	0
Dividends	0	0	0	0
Net Income	−579 000	−628 000	−762 000	−718 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	3 000	−2 000	3 000	0
Real Eastate	0	0	20 000	0
Machinery and Plant Facilities	0	0	0	0
Fixtures	0	0	0	0
Total Tangible Assets	0	0	20 000	0
Total Fiancial Fixed Assets	0	0	0	0
Total Fixed Assets	3 000	−2 000	23 000	0
Stock	0	0	−18 000	0
Total Investments	0	0	0	0
Cash, Bank	12 000	0	304 000	79 000
Total Current Assets	12 000	0	286 000	79 000
Total Assets	14 000	−2 000	309 000	79 000
Total Equity	−3 483 000	−2 905 000	−2 125 000	−1 375 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	3 322 000	2 702 000	2 042 000	1 243 000
Creditors	0	0	0	0
Unpaid Taxes	144 000	−19 000	178 000	0
Dividends	0	0	0	0
Other Current Debt	337 000	525 000	432 000	195 000
Total Current Debt	176 000	200 000	392 000	211 000
Total Equity and Debt	14 000	−2 000	309 000	79 000

Financial indicators	2022	2021	2020	2019
Return on Equity	16,62 %	21,62 %	35,86 %	52,22 %
Debt-to-Equity Ratio	−0,95	−0,93	−0,96	−0,9
Operating Profit Margin	−609,47 %	−675,27 %	−668,42 %	-
Current Ratio	0,07	0	0,73	0,37
Quick Ratio	0,07	0	0,7	0,37
Equity Ratio	−248,79	1 452,5	−6,88	−17,41
Gross Profit Margin	52,63 %	62,37 %	−37,72 %	-