EXCEED NORGE AS

4007 STAVANGER

Finances

Share Ownership

Return on Equity

58,33 %

Current Ratio

0,2

Debt-to-Equity Ratio

−0,37

Key figures (NOK)	2023	2022	2021	2020
Revenue	292 000	1 323 000	0	0
Net Income	−182 000	251 000	−222 000	−189 000
Total Assets	345 000	627 000	282 000	85 000
Total Equity	−312 000	−130 000	−381 000	−159 000

Income (NOK)	2023	2022	2021	2020
Revenue	292 000	1 323 000	0	0
Expenditure	517 000	989 000	337 000	189 000
Operating Profit	−225 000	334 000	−337 000	−189 000
Financial Income	2 000	1 000	0	0
Financial Costs	7 000	12 000	1 000	0
Financial Balance	−5 000	−11 000	−1 000	0
Earnings Before Tax	−230 000	323 000	−338 000	−189 000
Tax	−48 000	72 000	−116 000	0
Net Income	−182 000	251 000	−222 000	−189 000

Balance (NOK)	2023	2022	2021	2020
Total Fixed Assets	238 000	50 000	129 000	20 000
Total Current Assets	107 000	577 000	154 000	65 000
Total Assets	345 000	627 000	282 000	85 000
Total Retained Equity	−342 000	−160 000	−411 000	−189 000
Total Equity	−312 000	−130 000	−381 000	−159 000
Total Long-Term Debt	114 000	114 000	114 000	114 000
Total Current Debt	543 000	644 000	550 000	130 000
Total Equity and Debt	345 000	627 000	282 000	85 000

Cash flow (NOK)	2023	2022	2021	2020
Sales Income	292 000	1 323 000	0	0
Other Income	0	0	0	0
Revenue	292 000	1 323 000	0	0
Cost of Goods Sold	159 000	236 000	0	0
Salary Costs	0	0	0	0
Depreciation	6 000	7 000	7 000	4 000
Impairment	0	0	0	0
Expenditure	517 000	989 000	337 000	189 000
Operating Profit	−225 000	334 000	−337 000	−189 000
Financial Income	2 000	1 000	0	0
Financial Costs	7 000	12 000	1 000	0
Financial Balance	−5 000	−11 000	−1 000	0
Dividends	0	0	0	0
Net Income	−182 000	251 000	−222 000	−189 000

Balance details (NOK)	2023	2022	2021	2020
Goodwill	0	0	0	0
Total Intangible Assets	92 000	44 000	116 000	0
Real Eastate	0	0	0	0
Machinery and Plant Facilities	0	0	0	0
Fixtures	146 000	6 000	13 000	20 000
Total Tangible Assets	146 000	6 000	13 000	20 000
Total Fiancial Fixed Assets	0	0	0	0
Total Fixed Assets	238 000	50 000	129 000	20 000
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	84 000	353 000	111 000	48 000
Total Current Assets	107 000	577 000	154 000	65 000
Total Assets	345 000	627 000	282 000	85 000
Total Equity	−312 000	−130 000	−381 000	−159 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	114 000	114 000	114 000	114 000
Creditors	2 000	2 000	9 000	130 000
Unpaid Taxes	0	0	0	0
Dividends	0	0	0	0
Other Current Debt	541 000	642 000	541 000	0
Total Current Debt	543 000	644 000	550 000	130 000
Total Equity and Debt	345 000	627 000	282 000	85 000

Financial indicators	2023	2022	2021	2020
Return on Equity	58,33 %	−193,08 %	58,27 %	118,87 %
Debt-to-Equity Ratio	−0,37	−0,88	−0,3	−0,72
Operating Profit Margin	−77,05 %	25,25 %	-	-
Current Ratio	0,2	0,9	0,28	0,5
Quick Ratio	0,2	0,9	0,28	0,5
Equity Ratio	−0,9	−0,21	−1,35	−1,87
Gross Profit Margin	45,55 %	82,16 %	-	-