CULTIVATE FOOD AS

1396 BILLINGSTAD

Finances

Share Ownership

Return on Equity

84 %

Current Ratio

0,03

Debt-to-Equity Ratio

−0

Key figures (NOK)	2022	2021	2020	2019
Revenue	16 140 000	1 963 000	0	97 000
Net Income	−31 044 000	−11 180 000	−1 079 000	−3 652 000
Total Assets	10 025 000	11 213 000	5 797 000	6 867 000
Total Equity	−36 955 000	−5 911 000	5 269 000	6 348 000

Income (NOK)	2022	2021	2020	2019
Revenue	16 140 000	1 963 000	0	97 000
Expenditure	45 981 000	13 161 000	1 253 000	3 879 000
Operating Profit	−29 840 000	−11 197 000	−1 253 000	−3 780 000
Financial Income	0	19 000	176 000	130 000
Financial Costs	1 204 000	2 000	1 000	2 000
Financial Balance	−1 204 000	17 000	175 000	128 000
Earnings Before Tax	−31 044 000	−11 180 000	−1 079 000	−3 652 000
Tax	0	0	0	0
Net Income	−31 044 000	−11 180 000	−1 079 000	−3 652 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	8 497 000	9 236 000	38 000	74 000
Total Current Assets	1 528 000	1 977 000	5 758 000	6 793 000
Total Assets	10 025 000	11 213 000	5 797 000	6 867 000
Total Retained Equity	−46 955 000	−15 911 000	−4 731 000	−3 652 000
Total Equity	−36 955 000	−5 911 000	5 269 000	6 348 000
Total Long-Term Debt	0	0	0	0
Total Current Debt	46 980 000	17 124 000	527 000	519 000
Total Equity and Debt	10 025 000	11 213 000	5 797 000	6 867 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	16 072 000	1 861 000	0	97 000
Other Income	68 000	101 000	0	0
Revenue	16 140 000	1 963 000	0	97 000
Cost of Goods Sold	7 093 000	1 518 000	0	0
Salary Costs	21 951 000	6 754 000	670 000	2 785 000
Depreciation	1 446 000	278 000	35 000	33 000
Impairment	4 702 000	0	0	0
Expenditure	45 981 000	13 161 000	1 253 000	3 879 000
Operating Profit	−29 840 000	−11 197 000	−1 253 000	−3 780 000
Financial Income	0	19 000	176 000	130 000
Financial Costs	1 204 000	2 000	1 000	2 000
Financial Balance	−1 204 000	17 000	175 000	128 000
Dividends	0	0	0	0
Net Income	−31 044 000	−11 180 000	−1 079 000	−3 652 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	0	0	0	0
Real Eastate	3 677 000	5 659 000	0	0
Machinery and Plant Facilities	0	0	0	0
Fixtures	4 595 000	3 353 000	38 000	74 000
Total Tangible Assets	8 272 000	9 011 000	38 000	74 000
Total Fiancial Fixed Assets	225 000	225 000	0	0
Total Fixed Assets	8 497 000	9 236 000	38 000	74 000
Stock	480 000	20 000	0	0
Total Investments	0	0	0	0
Cash, Bank	262 000	832 000	8 000	148 000
Total Current Assets	1 528 000	1 977 000	5 758 000	6 793 000
Total Assets	10 025 000	11 213 000	5 797 000	6 867 000
Total Equity	−36 955 000	−5 911 000	5 269 000	6 348 000
Short-Term Group Debt	36 503 000	12 162 000	0	0
Total Long-Term Debt	0	0	0	0
Creditors	7 911 000	3 500 000	455 000	55 000
Unpaid Taxes	1 135 000	949 000	15 000	203 000
Dividends	0	0	0	0
Other Current Debt	1 432 000	513 000	58 000	261 000
Total Current Debt	46 980 000	17 124 000	527 000	519 000
Total Equity and Debt	10 025 000	11 213 000	5 797 000	6 867 000

Financial indicators	2022	2021	2020	2019
Return on Equity	84 %	189,14 %	−20,48 %	−57,53 %
Debt-to-Equity Ratio	−0	−0	0	0
Operating Profit Margin	−184,88 %	−570,4 %	-	−3 896,91 %
Current Ratio	0,03	0,12	10,93	13,09
Quick Ratio	0,03	0,12	10,93	13,09
Equity Ratio	−3,69	−0,53	0,91	0,92
Gross Profit Margin	56,05 %	22,67 %	-	100 %