X-ELEMENT AS

4043 HAFRSFJORD

Finances

Share Ownership

Return on Equity

−92,55 %

Current Ratio

1,26

Debt-to-Equity Ratio

0,55

Key figures (NOK)	2022	2021	2020	2019
Revenue	35 419 000	27 230 000	6 241 000	2 810 000
Net Income	−1 529 000	1 948 000	507 000	304 000
Total Assets	9 359 000	11 646 000	1 766 000	784 000
Total Equity	1 652 000	922 000	779 000	−148 000

Income (NOK)	2022	2021	2020	2019
Revenue	35 419 000	27 230 000	6 241 000	2 810 000
Expenditure	36 728 000	24 626 000	5 571 000	2 425 000
Operating Profit	−1 309 000	2 604 000	670 000	385 000
Financial Income	0	0	0	34 000
Financial Costs	239 000	99 000	20 000	29 000
Financial Balance	−239 000	−99 000	−20 000	5 000
Earnings Before Tax	−1 549 000	2 505 000	650 000	390 000
Tax	−19 000	556 000	143 000	86 000
Net Income	−1 529 000	1 948 000	507 000	304 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	769 000	565 000	205 000	156 000
Total Current Assets	8 591 000	11 081 000	1 561 000	628 000
Total Assets	9 359 000	11 646 000	1 766 000	784 000
Total Retained Equity	1 202 000	472 000	329 000	−178 000
Total Equity	1 652 000	922 000	779 000	−148 000
Total Long-Term Debt	910 000	702 000	135 000	0
Total Current Debt	6 797 000	10 023 000	852 000	932 000
Total Equity and Debt	9 359 000	11 646 000	1 766 000	784 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	35 419 000	27 230 000	6 241 000	2 810 000
Other Income	0	0	0	0
Revenue	35 419 000	27 230 000	6 241 000	2 810 000
Cost of Goods Sold	31 863 000	21 122 000	5 334 000	2 116 000
Salary Costs	1 298 000	1 053 000	18 000	15 000
Depreciation	162 000	46 000	18 000	16 000
Impairment	0	0	0	0
Expenditure	36 728 000	24 626 000	5 571 000	2 425 000
Operating Profit	−1 309 000	2 604 000	670 000	385 000
Financial Income	0	0	0	34 000
Financial Costs	239 000	99 000	20 000	29 000
Financial Balance	−239 000	−99 000	−20 000	5 000
Dividends	0	0	0	0
Net Income	−1 529 000	1 948 000	507 000	304 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	0	0	0	48 000
Real Eastate	0	0	0	0
Machinery and Plant Facilities	0	0	0	0
Fixtures	739 000	565 000	205 000	108 000
Total Tangible Assets	739 000	565 000	205 000	108 000
Total Fiancial Fixed Assets	30 000	0	0	0
Total Fixed Assets	769 000	565 000	205 000	156 000
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	1 307 000	3 405 000	709 000	−153 000
Total Current Assets	8 591 000	11 081 000	1 561 000	628 000
Total Assets	9 359 000	11 646 000	1 766 000	784 000
Total Equity	1 652 000	922 000	779 000	−148 000
Short-Term Group Debt	2 290 000	2 315 000	0	0
Total Long-Term Debt	910 000	702 000	135 000	0
Creditors	1 464 000	2 568 000	118 000	53 000
Unpaid Taxes	2 880 000	5 006 000	3 000	96 000
Dividends	0	0	0	0
Other Current Debt	152 000	105 000	650 000	783 000
Total Current Debt	6 797 000	10 023 000	852 000	932 000
Total Equity and Debt	9 359 000	11 646 000	1 766 000	784 000

Financial indicators	2022	2021	2020	2019
Return on Equity	−92,55 %	211,28 %	65,08 %	−205,41 %
Debt-to-Equity Ratio	0,55	0,76	0,17	−0
Operating Profit Margin	−3,7 %	9,56 %	10,74 %	13,7 %
Current Ratio	1,26	1,11	1,83	0,67
Quick Ratio	1,26	1,11	1,83	0,67
Equity Ratio	0,18	0,08	0,44	−0,19
Gross Profit Margin	10,04 %	22,43 %	14,53 %	24,7 %