STARTUP ELEVATION AS

0352 OSLO

Finances

Return on Equity

−9,92 %

Current Ratio

3,77

Debt-to-Equity Ratio

0,95

Key figures (NOK)	2021	2020	2019	2018
Revenue	894 000	1 650 000	1 215 000	54 000
Net Income	−38 000	275 000	83 000	33 000
Total Assets	996 000	1 164 000	302 000	73 000
Total Equity	383 000	421 000	146 000	63 000

Income (NOK)	2021	2020	2019	2018
Revenue	894 000	1 650 000	1 215 000	54 000
Expenditure	881 000	1 405 000	1 109 000	10 000
Operating Profit	13 000	245 000	107 000	43 000
Financial Income	0	78 000	0	0
Financial Costs	51 000	0	0	0
Financial Balance	−51 000	78 000	0	0
Earnings Before Tax	−38 000	322 000	107 000	43 000
Tax	0	47 000	23 000	10 000
Net Income	−38 000	275 000	83 000	33 000

Balance (NOK)	2021	2020	2019	2018
Total Fixed Assets	57 000	57 000	47 000	10 000
Total Current Assets	939 000	1 107 000	255 000	63 000
Total Assets	996 000	1 164 000	302 000	73 000
Total Retained Equity	353 000	391 000	116 000	33 000
Total Equity	383 000	421 000	146 000	63 000
Total Long-Term Debt	364 000	499 000	0	0
Total Current Debt	249 000	244 000	155 000	10 000
Total Equity and Debt	996 000	1 164 000	302 000	73 000

Cash flow (NOK)	2021	2020	2019	2018
Sales Income	894 000	1 641 000	1 215 000	54 000
Other Income	0	8 000	0	0
Revenue	894 000	1 650 000	1 215 000	54 000
Cost of Goods Sold	199 000	586 000	698 000	0
Salary Costs	1 000	0	0	0
Depreciation	0	0	0	0
Impairment	0	0	0	0
Expenditure	881 000	1 405 000	1 109 000	10 000
Operating Profit	13 000	245 000	107 000	43 000
Financial Income	0	78 000	0	0
Financial Costs	51 000	0	0	0
Financial Balance	−51 000	78 000	0	0
Dividends	0	0	0	0
Net Income	−38 000	275 000	83 000	33 000

Balance details (NOK)	2021	2020	2019	2018
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	0	0	0	0
Total Tangible Assets	0	0	0	0
Total Fiancial Fixed Assets	57 000	57 000	47 000	10 000
Total Fixed Assets	57 000	57 000	47 000	10 000
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	677 000	683 000	1 000	9 000
Total Current Assets	939 000	1 107 000	255 000	63 000
Total Assets	996 000	1 164 000	302 000	73 000
Total Equity	383 000	421 000	146 000	63 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	364 000	499 000	0	0
Creditors	130 000	107 000	132 000	0
Unpaid Taxes	89 000	84 000	0	0
Dividends	0	0	0	0
Other Current Debt	2 000	0	0	0
Total Current Debt	249 000	244 000	155 000	10 000
Total Equity and Debt	996 000	1 164 000	302 000	73 000

Financial indicators	2021	2020	2019	2018
Return on Equity	−9,92 %	65,32 %	56,85 %	52,38 %
Debt-to-Equity Ratio	0,95	1,19	0	0
Operating Profit Margin	1,45 %	14,85 %	8,81 %	79,63 %
Current Ratio	3,77	4,54	1,65	6,3
Quick Ratio	3,77	4,54	1,65	6,3
Equity Ratio	0,38	0,36	0,48	0,86
Gross Profit Margin	77,74 %	64,48 %	42,55 %	100 %