NORWEGIAN FASHION HUB

0581 OSLO

Finances

Return on Equity

3,77 %

Current Ratio

1,26

Debt-to-Equity Ratio

Key figures (NOK)	2022	2021	2020	2019
Revenue	2 170 000	2 450 000	8 698 000	285 000
Net Income	13 000	−8 000	82 000	104 000
Total Assets	1 168 000	1 057 000	2 822 000	1 889 000
Total Equity	345 000	332 000	340 000	257 000

Income (NOK)	2022	2021	2020	2019
Revenue	2 170 000	2 450 000	8 698 000	285 000
Expenditure	2 152 000	2 330 000	8 590 000	152 000
Operating Profit	18 000	121 000	107 000	133 000
Financial Income	2 000	0	1 000	0
Financial Costs	1 000	101 000	0	0
Financial Balance	1 000	−101 000	1 000	0
Earnings Before Tax	20 000	20 000	107 000	133 000
Tax	7 000	28 000	25 000	30 000
Net Income	13 000	−8 000	82 000	104 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	130 000	130 000	230 000	200 000
Total Current Assets	1 038 000	927 000	2 592 000	1 689 000
Total Assets	1 168 000	1 057 000	2 822 000	1 889 000
Total Retained Equity	345 000	332 000	340 000	257 000
Total Equity	345 000	332 000	340 000	257 000
Total Long-Term Debt	0	0	1 000	2 000
Total Current Debt	823 000	725 000	2 481 000	1 629 000
Total Equity and Debt	1 168 000	1 057 000	2 822 000	1 889 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	539 000	1 095 000	4 488 000	285 000
Other Income	1 631 000	1 355 000	4 210 000	0
Revenue	2 170 000	2 450 000	8 698 000	285 000
Cost of Goods Sold	1 493 000	1 534 000	5 483 000	12 000
Salary Costs	0	0	2 504 000	65 000
Depreciation	0	0	0	0
Impairment	0	0	0	0
Expenditure	2 152 000	2 330 000	8 590 000	152 000
Operating Profit	18 000	121 000	107 000	133 000
Financial Income	2 000	0	1 000	0
Financial Costs	1 000	101 000	0	0
Financial Balance	1 000	−101 000	1 000	0
Dividends	0	0	0	0
Net Income	13 000	−8 000	82 000	104 000

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	0	0	0	0
Total Tangible Assets	0	0	0	0
Total Fiancial Fixed Assets	130 000	130 000	230 000	200 000
Total Fixed Assets	130 000	130 000	230 000	200 000
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	852 000	310 000	567 000	1 088 000
Total Current Assets	1 038 000	927 000	2 592 000	1 689 000
Total Assets	1 168 000	1 057 000	2 822 000	1 889 000
Total Equity	345 000	332 000	340 000	257 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	0	0	1 000	2 000
Creditors	186 000	427 000	1 387 000	768 000
Unpaid Taxes	0	119 000	189 000	16 000
Dividends	0	0	0	0
Other Current Debt	630 000	150 000	879 000	818 000
Total Current Debt	823 000	725 000	2 481 000	1 629 000
Total Equity and Debt	1 168 000	1 057 000	2 822 000	1 889 000

Financial indicators	2022	2021	2020	2019
Return on Equity	3,77 %	−2,41 %	24,12 %	40,47 %
Debt-to-Equity Ratio	0	0	0	0,01
Operating Profit Margin	0,83 %	4,94 %	1,23 %	46,67 %
Current Ratio	1,26	1,28	1,04	1,04
Quick Ratio	1,26	1,28	1,04	1,04
Equity Ratio	0,3	0,31	0,12	0,14
Gross Profit Margin	31,2 %	37,39 %	36,96 %	95,79 %