PANGEA ACCELERATOR AS

1363 HØVIK

Finances

Return on Equity

−8,24 %

Current Ratio

57,37

Debt-to-Equity Ratio

Key figures (NOK)	2022	2021	2020	2019
Revenue	350 000	1 255 000	936 000	2 366 000
Net Income	−457 000	6 000	−564 000	516 000
Total Assets	5 633 000	1 225 000	910 000	805 000
Total Equity	5 543 000	999 000	705 000	742 000

Income (NOK)	2022	2021	2020	2019
Revenue	350 000	1 255 000	936 000	2 366 000
Expenditure	786 000	1 234 000	1 496 000	1 804 000
Operating Profit	−436 000	20 000	−560 000	561 000
Financial Income	12 000	1 000	3 000	6 000
Financial Costs	33 000	16 000	42 000	17 000
Financial Balance	−21 000	−15 000	−39 000	−11 000
Earnings Before Tax	−457 000	6 000	−599 000	550 000
Tax	0	0	−35 000	35 000
Net Income	−457 000	6 000	−564 000	516 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	470 000	65 000	65 000	163 000
Total Current Assets	5 163 000	1 160 000	846 000	642 000
Total Assets	5 633 000	1 225 000	910 000	805 000
Total Retained Equity	−1 101 000	−645 000	−651 000	−87 000
Total Equity	5 543 000	999 000	705 000	742 000
Total Long-Term Debt	0	0	0	0
Total Current Debt	90 000	226 000	206 000	63 000
Total Equity and Debt	5 633 000	1 225 000	910 000	805 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	350 000	1 255 000	936 000	2 066 000
Other Income	0	0	0	300 000
Revenue	350 000	1 255 000	936 000	2 366 000
Cost of Goods Sold	0	0	0	0
Salary Costs	303 000	382 000	5 000	0
Depreciation	0	0	0	56 000
Impairment	0	0	0	0
Expenditure	786 000	1 234 000	1 496 000	1 804 000
Operating Profit	−436 000	20 000	−560 000	561 000
Financial Income	12 000	1 000	3 000	6 000
Financial Costs	33 000	16 000	42 000	17 000
Financial Balance	−21 000	−15 000	−39 000	−11 000
Dividends	0	0	0	0
Net Income	−457 000	6 000	−564 000	516 000

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	0	0	0	0
Total Tangible Assets	0	0	0	0
Total Fiancial Fixed Assets	470 000	65 000	65 000	163 000
Total Fixed Assets	470 000	65 000	65 000	163 000
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	4 654 000	1 079 000	682 000	530 000
Total Current Assets	5 163 000	1 160 000	846 000	642 000
Total Assets	5 633 000	1 225 000	910 000	805 000
Total Equity	5 543 000	999 000	705 000	742 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	0	0	0	0
Creditors	4 000	109 000	13 000	13 000
Unpaid Taxes	14 000	30 000	17 000	0
Dividends	0	0	0	0
Other Current Debt	72 000	87 000	176 000	15 000
Total Current Debt	90 000	226 000	206 000	63 000
Total Equity and Debt	5 633 000	1 225 000	910 000	805 000

Financial indicators	2022	2021	2020	2019
Return on Equity	−8,24 %	0,6 %	−80 %	69,54 %
Debt-to-Equity Ratio	0	0	0	0
Operating Profit Margin	−124,57 %	1,59 %	−59,83 %	23,71 %
Current Ratio	57,37	5,13	4,11	10,19
Quick Ratio	57,37	5,13	4,11	10,19
Equity Ratio	0,98	0,82	0,77	0,92
Gross Profit Margin	100 %	100 %	100 %	100 %