QRRNT AS

7042 TRONDHEIM

Finances

Share Ownership

Return on Equity

52,67 %

Current Ratio

1,3

Debt-to-Equity Ratio

Key figures (NOK)	2022	2021	2020	2019
Revenue	3 949 000	0	0	578 000
Net Income	1 115 000	−45 000	−474 000	−333 000
Total Assets	4 347 000	1 626 000	1 688 000	1 871 000
Total Equity	2 117 000	1 002 000	1 046 000	1 520 000

Income (NOK)	2022	2021	2020	2019
Revenue	3 949 000	0	0	578 000
Expenditure	2 667 000	57 000	608 000	1 005 000
Operating Profit	1 282 000	−57 000	−608 000	−427 000
Financial Income	0	0	0	0
Financial Costs	0	0	0	0
Financial Balance	0	0	0	0
Earnings Before Tax	1 282 000	−57 000	−608 000	−427 000
Tax	167 000	−13 000	−134 000	−94 000
Net Income	1 115 000	−45 000	−474 000	−333 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	1 445 000	1 562 000	1 564 000	1 419 000
Total Current Assets	2 902 000	65 000	125 000	452 000
Total Assets	4 347 000	1 626 000	1 688 000	1 871 000
Total Retained Equity	−4 333 000	−5 448 000	−5 404 000	−4 930 000
Total Equity	2 117 000	1 002 000	1 046 000	1 520 000
Total Long-Term Debt	0	0	0	0
Total Current Debt	2 230 000	625 000	642 000	351 000
Total Equity and Debt	4 347 000	1 626 000	1 688 000	1 871 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	3 775 000	0	0	67 000
Other Income	174 000	0	0	511 000
Revenue	3 949 000	0	0	578 000
Cost of Goods Sold	990 000	0	0	0
Salary Costs	−58 000	2 000	159 000	689 000
Depreciation	5 000	15 000	15 000	15 000
Impairment	0	0	0	0
Expenditure	2 667 000	57 000	608 000	1 005 000
Operating Profit	1 282 000	−57 000	−608 000	−427 000
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	1 115 000	−45 000	−474 000	−333 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	1 370 000	1 537 000	1 524 000	1 390 000
Real Eastate	0	0	0	0
Machinery and Plant Facilities	0	0	15 000	29 000
Fixtures	50 000	0	0	0
Total Tangible Assets	50 000	0	15 000	29 000
Total Fiancial Fixed Assets	25 000	25 000	25 000	0
Total Fixed Assets	1 445 000	1 562 000	1 564 000	1 419 000
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	2 637 000	57 000	41 000	453 000
Total Current Assets	2 902 000	65 000	125 000	452 000
Total Assets	4 347 000	1 626 000	1 688 000	1 871 000
Total Equity	2 117 000	1 002 000	1 046 000	1 520 000
Short-Term Group Debt	−8 000	−8 000	−8 000	0
Total Long-Term Debt	0	0	0	0
Creditors	427 000	613 000	618 000	250 000
Unpaid Taxes	−7 000	0	16 000	22 000
Dividends	0	0	0	0
Other Current Debt	1 818 000	19 000	15 000	79 000
Total Current Debt	2 230 000	625 000	642 000	351 000
Total Equity and Debt	4 347 000	1 626 000	1 688 000	1 871 000

Financial indicators	2022	2021	2020	2019
Return on Equity	52,67 %	−4,49 %	−45,32 %	−21,91 %
Debt-to-Equity Ratio	0	0	0	0
Operating Profit Margin	32,46 %	-	-	−73,88 %
Current Ratio	1,3	0,1	0,19	1,29
Quick Ratio	1,3	0,1	0,19	1,29
Equity Ratio	0,49	0,62	0,62	0,81
Gross Profit Margin	74,93 %	-	-	100 %