SWITCH AS

0165 OSLO

Finances

Share Ownership

Return on Equity

17,44 %

Current Ratio

0,53

Debt-to-Equity Ratio

−0,77

Key figures (NOK)	2022	2021	2020	2019
Revenue	905 000	460 000	773 000	1 305 000
Net Income	−79 000	−45 000	−290 000	106 000
Total Assets	265 000	215 000	212 000	634 000
Total Equity	−453 000	−375 000	−330 000	−40 000

Income (NOK)	2022	2021	2020	2019
Revenue	905 000	460 000	773 000	1 305 000
Expenditure	993 000	504 000	1 062 000	1 094 000
Operating Profit	−87 000	−44 000	−290 000	211 000
Financial Income	9 000	0	0	0
Financial Costs	1 000	1 000	0	105 000
Financial Balance	8 000	−1 000	0	−105 000
Earnings Before Tax	−79 000	−45 000	−290 000	106 000
Tax	0	0	0	0
Net Income	−79 000	−45 000	−290 000	106 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	69 000	13 000	20 000	4 000
Total Current Assets	196 000	202 000	191 000	631 000
Total Assets	265 000	215 000	212 000	634 000
Total Retained Equity	−503 000	−419 000	−374 000	−85 000
Total Equity	−453 000	−375 000	−330 000	−40 000
Total Long-Term Debt	350 000	350 000	350 000	350 000
Total Current Debt	368 000	239 000	192 000	325 000
Total Equity and Debt	265 000	215 000	212 000	634 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	905 000	460 000	773 000	475 000
Other Income	0	0	0	830 000
Revenue	905 000	460 000	773 000	1 305 000
Cost of Goods Sold	131 000	0	0	155 000
Salary Costs	158 000	258 000	128 000	369 000
Depreciation	12 000	8 000	4 000	0
Impairment	0	0	0	0
Expenditure	993 000	504 000	1 062 000	1 094 000
Operating Profit	−87 000	−44 000	−290 000	211 000
Financial Income	9 000	0	0	0
Financial Costs	1 000	1 000	0	105 000
Financial Balance	8 000	−1 000	0	−105 000
Dividends	0	0	0	0
Net Income	−79 000	−45 000	−290 000	106 000

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	69 000	13 000	20 000	4 000
Total Tangible Assets	69 000	13 000	20 000	4 000
Total Fiancial Fixed Assets	0	0	0	0
Total Fixed Assets	69 000	13 000	20 000	4 000
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	145 000	223 000	215 000	71 000
Total Current Assets	196 000	202 000	191 000	631 000
Total Assets	265 000	215 000	212 000	634 000
Total Equity	−453 000	−375 000	−330 000	−40 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	350 000	350 000	350 000	350 000
Creditors	96 000	45 000	43 000	178 000
Unpaid Taxes	54 000	128 000	105 000	88 000
Dividends	0	0	0	0
Other Current Debt	221 000	68 000	44 000	59 000
Total Current Debt	368 000	239 000	192 000	325 000
Total Equity and Debt	265 000	215 000	212 000	634 000

Financial indicators	2022	2021	2020	2019
Return on Equity	17,44 %	12 %	87,88 %	−265 %
Debt-to-Equity Ratio	−0,77	−0,93	−1,06	−8,75
Operating Profit Margin	−9,61 %	−9,57 %	−37,52 %	16,17 %
Current Ratio	0,53	0,85	0,99	1,94
Quick Ratio	0,53	0,85	0,99	1,94
Equity Ratio	−1,71	−1,74	−1,56	−0,06
Gross Profit Margin	85,52 %	100 %	100 %	88,12 %