SAFE CYCLING AS

3023 DRAMMEN

Finances

Share Ownership

Return on Equity

264,47 %

Current Ratio

2,67

Debt-to-Equity Ratio

−10,45

Key figures (NOK)	2022	2021	2020	2019
Revenue	1 308 000	1 341 000	538 000	320 000
Net Income	−402 000	−431 000	−825 000	−1 089 000
Total Assets	1 796 000	2 147 000	2 595 000	1 870 000
Total Equity	−152 000	250 000	681 000	1 506 000

Income (NOK)	2022	2021	2020	2019
Revenue	1 308 000	1 341 000	538 000	320 000
Expenditure	1 714 000	1 728 000	1 331 000	1 409 000
Operating Profit	−407 000	−386 000	−793 000	−1 089 000
Financial Income	10 000	0	0	2 000
Financial Costs	5 000	45 000	32 000	3 000
Financial Balance	5 000	−45 000	−32 000	−1 000
Earnings Before Tax	−402 000	−431 000	−825 000	−1 089 000
Tax	0	0	0	0
Net Income	−402 000	−431 000	−825 000	−1 089 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	836 000	1 081 000	853 000	805 000
Total Current Assets	960 000	1 065 000	1 742 000	1 065 000
Total Assets	1 796 000	2 147 000	2 595 000	1 870 000
Total Retained Equity	−2 882 000	−2 480 000	−2 049 000	−1 224 000
Total Equity	−152 000	250 000	681 000	1 506 000
Total Long-Term Debt	1 589 000	1 617 000	1 688 000	0
Total Current Debt	359 000	279 000	226 000	364 000
Total Equity and Debt	1 796 000	2 147 000	2 595 000	1 870 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	1 308 000	1 341 000	538 000	320 000
Other Income	0	0	0	0
Revenue	1 308 000	1 341 000	538 000	320 000
Cost of Goods Sold	0	3 000	16 000	0
Salary Costs	385 000	506 000	279 000	413 000
Depreciation	0	0	248 000	157 000
Impairment	0	0	0	0
Expenditure	1 714 000	1 728 000	1 331 000	1 409 000
Operating Profit	−407 000	−386 000	−793 000	−1 089 000
Financial Income	10 000	0	0	2 000
Financial Costs	5 000	45 000	32 000	3 000
Financial Balance	5 000	−45 000	−32 000	−1 000
Dividends	0	0	0	0
Net Income	−402 000	−431 000	−825 000	−1 089 000

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	844 000	788 000
Fixtures	836 000	1 081 000	9 000	17 000
Total Tangible Assets	836 000	1 081 000	853 000	805 000
Total Fiancial Fixed Assets	0	0	0	0
Total Fixed Assets	836 000	1 081 000	853 000	805 000
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	332 000	523 000	1 032 000	1 024 000
Total Current Assets	960 000	1 065 000	1 742 000	1 065 000
Total Assets	1 796 000	2 147 000	2 595 000	1 870 000
Total Equity	−152 000	250 000	681 000	1 506 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	1 589 000	1 617 000	1 688 000	0
Creditors	86 000	86 000	27 000	40 000
Unpaid Taxes	144 000	98 000	19 000	14 000
Dividends	0	0	0	0
Other Current Debt	129 000	94 000	180 000	310 000
Total Current Debt	359 000	279 000	226 000	364 000
Total Equity and Debt	1 796 000	2 147 000	2 595 000	1 870 000

Financial indicators	2022	2021	2020	2019
Return on Equity	264,47 %	−172,4 %	−121,15 %	−72,31 %
Debt-to-Equity Ratio	−10,45	6,47	2,48	0
Operating Profit Margin	−31,12 %	−28,78 %	−147,4 %	−340,31 %
Current Ratio	2,67	3,82	7,71	2,93
Quick Ratio	2,67	3,82	7,71	2,93
Equity Ratio	−0,08	0,12	0,26	0,81
Gross Profit Margin	100 %	99,78 %	97,03 %	100 %