SCANDIC SHINE AS

7652 VERDAL

Finances

Share Ownership

Return on Equity

11,22 %

Current Ratio

0,35

Debt-to-Equity Ratio

−0,21

Key figures (NOK)	2022	2021	2020	2019
Revenue	5 045 000	5 989 000	5 818 000	17 072 000
Net Income	−166 000	−807 000	−599 000	−1 554 000
Total Assets	754 000	915 000	655 000	2 561 000
Total Equity	−1 480 000	−2 339 000	−1 598 000	−1 500 000

Income (NOK)	2022	2021	2020	2019
Revenue	5 045 000	5 989 000	5 818 000	17 072 000
Expenditure	4 989 000	6 630 000	6 133 000	17 598 000
Operating Profit	56 000	−641 000	−315 000	−525 000
Financial Income	12 000	4 000	4 000	31 000
Financial Costs	234 000	170 000	288 000	1 060 000
Financial Balance	−222 000	−166 000	−284 000	−1 029 000
Earnings Before Tax	−166 000	−807 000	−599 000	−1 553 000
Tax	0	0	0	1 000
Net Income	−166 000	−807 000	−599 000	−1 554 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	77 000	77 000	46 000	615 000
Total Current Assets	677 000	838 000	609 000	1 946 000
Total Assets	754 000	915 000	655 000	2 561 000
Total Retained Equity	−3 056 000	−2 890 000	−2 149 000	−1 550 000
Total Equity	−1 480 000	−2 339 000	−1 598 000	−1 500 000
Total Long-Term Debt	308 000	402 000	493 000	0
Total Current Debt	1 927 000	2 853 000	1 761 000	4 061 000
Total Equity and Debt	754 000	915 000	655 000	2 561 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	5 019 000	6 009 000	5 764 000	16 870 000
Other Income	26 000	−20 000	54 000	203 000
Revenue	5 045 000	5 989 000	5 818 000	17 072 000
Cost of Goods Sold	2 631 000	3 005 000	4 294 000	15 998 000
Salary Costs	786 000	1 619 000	572 000	833 000
Depreciation	36 000	38 000	54 000	57 000
Impairment	0	0	0	0
Expenditure	4 989 000	6 630 000	6 133 000	17 598 000
Operating Profit	56 000	−641 000	−315 000	−525 000
Financial Income	12 000	4 000	4 000	31 000
Financial Costs	234 000	170 000	288 000	1 060 000
Financial Balance	−222 000	−166 000	−284 000	−1 029 000
Dividends	0	0	0	0
Net Income	−166 000	−807 000	−599 000	−1 554 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	0	0	0	0
Real Eastate	40 000	62 000	0	0
Machinery and Plant Facilities	0	0	0	0
Fixtures	37 000	15 000	46 000	109 000
Total Tangible Assets	77 000	77 000	46 000	109 000
Total Fiancial Fixed Assets	0	0	0	506 000
Total Fixed Assets	77 000	77 000	46 000	615 000
Stock	563 000	746 000	403 000	1 715 000
Total Investments	0	0	0	0
Cash, Bank	33 000	45 000	11 000	0
Total Current Assets	677 000	838 000	609 000	1 946 000
Total Assets	754 000	915 000	655 000	2 561 000
Total Equity	−1 480 000	−2 339 000	−1 598 000	−1 500 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	308 000	402 000	493 000	0
Creditors	257 000	420 000	258 000	714 000
Unpaid Taxes	188 000	335 000	221 000	60 000
Dividends	0	0	0	0
Other Current Debt	90 000	564 000	145 000	94 000
Total Current Debt	1 927 000	2 853 000	1 761 000	4 061 000
Total Equity and Debt	754 000	915 000	655 000	2 561 000

Financial indicators	2022	2021	2020	2019
Return on Equity	11,22 %	34,5 %	37,48 %	103,6 %
Debt-to-Equity Ratio	−0,21	−0,17	−0,31	−0
Operating Profit Margin	1,11 %	−10,7 %	−5,41 %	−3,08 %
Current Ratio	0,35	0,29	0,35	0,48
Quick Ratio	0,5	0,4	0,45	0,83
Equity Ratio	−1,96	−2,56	−2,44	−0,59
Gross Profit Margin	47,85 %	49,82 %	26,19 %	6,29 %