SIRES ON ICE NORWAY AS

1592 VÅLER I ØSTFOLD

Finances

Share Ownership

Return on Equity

−12,38 %

Current Ratio

1,19

Debt-to-Equity Ratio

0,05

Key figures (NOK)	2022	2021	2020	2019
Revenue	2 758 000	3 168 000	1 596 000	481 000
Net Income	−26 000	194 000	11 000	0
Total Assets	1 086 000	878 000	211 000	141 000
Total Equity	210 000	236 000	41 000	30 000

Income (NOK)	2022	2021	2020	2019
Revenue	2 758 000	3 168 000	1 596 000	481 000
Expenditure	2 777 000	2 919 000	1 579 000	482 000
Operating Profit	−19 000	250 000	16 000	0
Financial Income	0	0	0	0
Financial Costs	2 000	1 000	0	0
Financial Balance	−2 000	−1 000	0	0
Earnings Before Tax	−21 000	249 000	16 000	0
Tax	5 000	55 000	5 000	0
Net Income	−26 000	194 000	11 000	0

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	59 000	135 000	51 000	63 000
Total Current Assets	1 027 000	744 000	160 000	78 000
Total Assets	1 086 000	878 000	211 000	141 000
Total Retained Equity	180 000	211 000	17 000	0
Total Equity	210 000	236 000	41 000	30 000
Total Long-Term Debt	11 000	0	0	0
Total Current Debt	866 000	643 000	170 000	111 000
Total Equity and Debt	1 086 000	878 000	211 000	141 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	2 757 000	3 113 000	1 596 000	481 000
Other Income	1 000	55 000	0	0
Revenue	2 758 000	3 168 000	1 596 000	481 000
Cost of Goods Sold	700 000	472 000	228 000	58 000
Salary Costs	705 000	1 202 000	432 000	0
Depreciation	76 000	76 000	28 000	6 000
Impairment	0	0	0	0
Expenditure	2 777 000	2 919 000	1 579 000	482 000
Operating Profit	−19 000	250 000	16 000	0
Financial Income	0	0	0	0
Financial Costs	2 000	1 000	0	0
Financial Balance	−2 000	−1 000	0	0
Dividends	0	0	0	0
Net Income	−26 000	194 000	11 000	0

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	37 000	74 000	0	0
Fixtures	22 000	61 000	51 000	63 000
Total Tangible Assets	59 000	135 000	51 000	63 000
Total Fiancial Fixed Assets	0	0	0	0
Total Fixed Assets	59 000	135 000	51 000	63 000
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	521 000	526 000	119 000	75 000
Total Current Assets	1 027 000	744 000	160 000	78 000
Total Assets	1 086 000	878 000	211 000	141 000
Total Equity	210 000	236 000	41 000	30 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	11 000	0	0	0
Creditors	150 000	32 000	0	34 000
Unpaid Taxes	24 000	72 000	18 000	4 000
Dividends	0	0	0	0
Other Current Debt	576 000	491 000	148 000	73 000
Total Current Debt	866 000	643 000	170 000	111 000
Total Equity and Debt	1 086 000	878 000	211 000	141 000

Financial indicators	2022	2021	2020	2019
Return on Equity	−12,38 %	82,2 %	26,83 %	0 %
Debt-to-Equity Ratio	0,05	0	0	0
Operating Profit Margin	−0,69 %	7,89 %	1 %	0 %
Current Ratio	1,19	1,16	0,94	0,7
Quick Ratio	1,19	1,16	0,94	0,7
Equity Ratio	0,19	0,27	0,19	0,21
Gross Profit Margin	74,62 %	85,1 %	85,71 %	87,94 %