ERGOHORSE AS

5229 KALANDSEIDET

Finances

Share Ownership

Return on Equity

117,48 %

Current Ratio

2,93

Debt-to-Equity Ratio

2,38

Key figures (NOK)	2022	2021	2020	2019
Revenue	733 000	767 000	676 000	247 000
Net Income	121 000	14 000	38 000	−97 000
Total Assets	500 000	364 000	299 000	67 000
Total Equity	103 000	−18 000	−32 000	−70 000

Income (NOK)	2022	2021	2020	2019
Revenue	733 000	767 000	676 000	247 000
Expenditure	588 000	749 000	637 000	343 000
Operating Profit	146 000	18 000	39 000	−96 000
Financial Income	1 000	0	0	0
Financial Costs	2 000	4 000	0	0
Financial Balance	−1 000	−4 000	0	0
Earnings Before Tax	144 000	14 000	39 000	−96 000
Tax	22 000	0	1 000	1 000
Net Income	121 000	14 000	38 000	−97 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	55 000	71 000	90 000	0
Total Current Assets	445 000	293 000	209 000	67 000
Total Assets	500 000	364 000	299 000	67 000
Total Retained Equity	73 000	−43 000	−56 000	−94 000
Total Equity	103 000	−18 000	−32 000	−70 000
Total Long-Term Debt	245 000	262 000	221 000	54 000
Total Current Debt	152 000	120 000	109 000	83 000
Total Equity and Debt	500 000	364 000	299 000	67 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	733 000	767 000	675 000	247 000
Other Income	0	0	1 000	0
Revenue	733 000	767 000	676 000	247 000
Cost of Goods Sold	427 000	563 000	438 000	242 000
Salary Costs	0	0	0	0
Depreciation	19 000	19 000	3 000	0
Impairment	0	0	0	0
Expenditure	588 000	749 000	637 000	343 000
Operating Profit	146 000	18 000	39 000	−96 000
Financial Income	1 000	0	0	0
Financial Costs	2 000	4 000	0	0
Financial Balance	−1 000	−4 000	0	0
Dividends	0	0	0	0
Net Income	121 000	14 000	38 000	−97 000

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	53 000	71 000	90 000	0
Total Tangible Assets	53 000	71 000	90 000	0
Total Fiancial Fixed Assets	3 000	0	0	0
Total Fixed Assets	55 000	71 000	90 000	0
Stock	334 000	260 000	143 000	47 000
Total Investments	0	0	0	0
Cash, Bank	97 000	31 000	60 000	19 000
Total Current Assets	445 000	293 000	209 000	67 000
Total Assets	500 000	364 000	299 000	67 000
Total Equity	103 000	−18 000	−32 000	−70 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	245 000	262 000	221 000	54 000
Creditors	5 000	3 000	3 000	0
Unpaid Taxes	23 000	16 000	8 000	19 000
Dividends	0	0	0	0
Other Current Debt	100 000	99 000	96 000	63 000
Total Current Debt	152 000	120 000	109 000	83 000
Total Equity and Debt	500 000	364 000	299 000	67 000

Financial indicators	2022	2021	2020	2019
Return on Equity	117,48 %	−77,78 %	−118,75 %	138,57 %
Debt-to-Equity Ratio	2,38	−14,56	−6,91	−0,77
Operating Profit Margin	19,92 %	2,35 %	5,77 %	−38,87 %
Current Ratio	2,93	2,44	1,92	0,81
Quick Ratio	−2,45	−2,09	−6,15	1,86
Equity Ratio	0,21	−0,05	−0,11	−1,04
Gross Profit Margin	41,75 %	26,6 %	35,21 %	2,02 %