JUSTIFY AS

4014 STAVANGER

Finances

Share Ownership

Return on Equity

−121,45 %

Current Ratio

0,34

Debt-to-Equity Ratio

0,45

Key figures (NOK)	2022	2021	2020	2019
Revenue	4 772 000	4 825 000	3 122 000	716 000
Net Income	−6 511 000	−7 851 000	−1 512 000	−449 000
Total Assets	11 069 000	6 860 000	12 368 000	4 810 000
Total Equity	5 361 000	−4 812 000	3 039 000	2 526 000

Income (NOK)	2022	2021	2020	2019
Revenue	4 772 000	4 825 000	3 122 000	716 000
Expenditure	11 192 000	12 310 000	4 569 000	1 165 000
Operating Profit	−6 420 000	−7 485 000	−1 448 000	−450 000
Financial Income	9 000	1 000	7 000	1 000
Financial Costs	100 000	367 000	72 000	0
Financial Balance	−91 000	−366 000	−65 000	1 000
Earnings Before Tax	−6 511 000	−7 851 000	−1 512 000	−449 000
Tax	0	0	0	0
Net Income	−6 511 000	−7 851 000	−1 512 000	−449 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	9 935 000	5 785 000	7 320 000	3 230 000
Total Current Assets	1 134 000	1 075 000	5 048 000	1 579 000
Total Assets	11 069 000	6 860 000	12 368 000	4 810 000
Total Retained Equity	−16 465 000	−9 954 000	−2 103 000	−591 000
Total Equity	5 361 000	−4 812 000	3 039 000	2 526 000
Total Long-Term Debt	2 400 000	7 663 000	7 400 000	1 500 000
Total Current Debt	3 308 000	4 009 000	1 929 000	784 000
Total Equity and Debt	11 069 000	6 860 000	12 368 000	4 810 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	4 619 000	4 825 000	977 000	716 000
Other Income	153 000	0	2 145 000	0
Revenue	4 772 000	4 825 000	3 122 000	716 000
Cost of Goods Sold	1 279 000	676 000	474 000	37 000
Salary Costs	4 604 000	6 917 000	1 455 000	372 000
Depreciation	1 521 000	1 552 000	574 000	5 000
Impairment	0	0	0	0
Expenditure	11 192 000	12 310 000	4 569 000	1 165 000
Operating Profit	−6 420 000	−7 485 000	−1 448 000	−450 000
Financial Income	9 000	1 000	7 000	1 000
Financial Costs	100 000	367 000	72 000	0
Financial Balance	−91 000	−366 000	−65 000	1 000
Dividends	0	0	0	0
Net Income	−6 511 000	−7 851 000	−1 512 000	−449 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	9 158 000	5 701 000	7 127 000	3 050 000
Real Eastate	0	0	0	0
Machinery and Plant Facilities	0	0	0	0
Fixtures	183 000	83 000	193 000	181 000
Total Tangible Assets	183 000	83 000	193 000	181 000
Total Fiancial Fixed Assets	594 000	0	0	0
Total Fixed Assets	9 935 000	5 785 000	7 320 000	3 230 000
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	770 000	850 000	2 752 000	369 000
Total Current Assets	1 134 000	1 075 000	5 048 000	1 579 000
Total Assets	11 069 000	6 860 000	12 368 000	4 810 000
Total Equity	5 361 000	−4 812 000	3 039 000	2 526 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	2 400 000	7 663 000	7 400 000	1 500 000
Creditors	491 000	342 000	467 000	264 000
Unpaid Taxes	739 000	432 000	400 000	250 000
Dividends	0	0	0	0
Other Current Debt	2 078 000	1 239 000	1 062 000	270 000
Total Current Debt	3 308 000	4 009 000	1 929 000	784 000
Total Equity and Debt	11 069 000	6 860 000	12 368 000	4 810 000

Financial indicators	2022	2021	2020	2019
Return on Equity	−121,45 %	163,15 %	−49,75 %	−17,78 %
Debt-to-Equity Ratio	0,45	−1,59	2,44	0,59
Operating Profit Margin	−134,53 %	−155,13 %	−46,38 %	−62,85 %
Current Ratio	0,34	0,27	2,62	2,01
Quick Ratio	0,34	0,27	2,62	2,01
Equity Ratio	0,48	−0,7	0,25	0,53
Gross Profit Margin	73,2 %	85,99 %	84,82 %	94,83 %