VISUAL REGISTRATION SYSTEM AS

5750 ODDA

Finances

Share Ownership

Return on Equity

5,11 %

Current Ratio

1,39

Debt-to-Equity Ratio

4,99

Key figures (NOK)	2022	2021	2020	2019
Revenue	1 020 000	639 000	614 000	236 000
Net Income	80 000	53 000	23 000	−23 000
Total Assets	10 308 000	2 183 000	1 964 000	1 658 000
Total Equity	1 565 000	186 000	133 000	109 000

Income (NOK)	2022	2021	2020	2019
Revenue	1 020 000	639 000	614 000	236 000
Expenditure	642 000	456 000	536 000	227 000
Operating Profit	378 000	183 000	78 000	9 000
Financial Income	5 000	0	0	0
Financial Costs	282 000	55 000	47 000	38 000
Financial Balance	−277 000	−55 000	−47 000	−38 000
Earnings Before Tax	102 000	128 000	30 000	−29 000
Tax	22 000	76 000	7 000	−6 000
Net Income	80 000	53 000	23 000	−23 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	9 016 000	1 713 000	1 503 000	1 305 000
Total Current Assets	1 292 000	469 000	461 000	353 000
Total Assets	10 308 000	2 183 000	1 964 000	1 658 000
Total Retained Equity	235 000	156 000	103 000	86 000
Total Equity	1 565 000	186 000	133 000	109 000
Total Long-Term Debt	7 815 000	1 240 000	1 338 000	1 454 000
Total Current Debt	928 000	757 000	494 000	94 000
Total Equity and Debt	10 308 000	2 183 000	1 964 000	1 658 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	1 020 000	639 000	614 000	236 000
Other Income	1 000	0	0	0
Revenue	1 020 000	639 000	614 000	236 000
Cost of Goods Sold	110 000	0	166 000	0
Salary Costs	1 000	0	3 000	0
Depreciation	392 000	409 000	302 000	155 000
Impairment	0	0	0	0
Expenditure	642 000	456 000	536 000	227 000
Operating Profit	378 000	183 000	78 000	9 000
Financial Income	5 000	0	0	0
Financial Costs	282 000	55 000	47 000	38 000
Financial Balance	−277 000	−55 000	−47 000	−38 000
Dividends	0	0	0	0
Net Income	80 000	53 000	23 000	−23 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	1 713 000	0	0
Total Intangible Assets	9 016 000	1 713 000	1 503 000	1 305 000
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	0	0	0	0
Total Fixed Assets	9 016 000	1 713 000	1 503 000	1 305 000
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	213 000	0	0	35 000
Total Current Assets	1 292 000	469 000	461 000	353 000
Total Assets	10 308 000	2 183 000	1 964 000	1 658 000
Total Equity	1 565 000	186 000	133 000	109 000
Short-Term Group Debt	0	0	248 000	0
Total Long-Term Debt	7 815 000	1 240 000	1 338 000	1 454 000
Creditors	479 000	364 000	206 000	25 000
Unpaid Taxes	3 000	7 000	37 000	33 000
Dividends	0	0	0	0
Other Current Debt	0	0	3 000	36 000
Total Current Debt	928 000	757 000	494 000	94 000
Total Equity and Debt	10 308 000	2 183 000	1 964 000	1 658 000

Financial indicators	2022	2021	2020	2019
Return on Equity	5,11 %	28,49 %	17,29 %	−21,1 %
Debt-to-Equity Ratio	4,99	6,67	10,06	13,34
Operating Profit Margin	37,06 %	28,64 %	12,7 %	3,81 %
Current Ratio	1,39	0,62	0,93	3,76
Quick Ratio	1,39	0,62	0,93	3,76
Equity Ratio	0,15	0,09	0,07	0,07
Gross Profit Margin	89,22 %	100 %	72,96 %	100 %