HORDE AS

5008 BERGEN

Finances

Return on Equity

−105,25 %

Current Ratio

2,35

Debt-to-Equity Ratio

0,34

Key figures (NOK)	2022	2021	2020	2019
Revenue	15 308 000	3 588 000	0	153 000
Net Income	−18 450 000	−27 656 000	−6 579 000	−3 766 000
Total Assets	27 308 000	47 457 000	20 376 000	7 174 000
Total Equity	17 529 000	35 879 000	11 276 000	4 993 000

Income (NOK)	2022	2021	2020	2019
Revenue	15 308 000	3 588 000	0	153 000
Expenditure	33 725 000	31 214 000	6 523 000	3 917 000
Operating Profit	−18 416 000	−27 625 000	−6 522 000	−3 765 000
Financial Income	28 000	14 000	13 000	7 000
Financial Costs	61 000	45 000	70 000	8 000
Financial Balance	−33 000	−31 000	−57 000	−1 000
Earnings Before Tax	−18 450 000	−27 656 000	−6 579 000	−3 766 000
Tax	0	0	0	0
Net Income	−18 450 000	−27 656 000	−6 579 000	−3 766 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	18 257 000	15 758 000	10 140 000	184 000
Total Current Assets	9 051 000	31 699 000	10 236 000	6 990 000
Total Assets	27 308 000	47 457 000	20 376 000	7 174 000
Total Retained Equity	0	0	0	0
Total Equity	17 529 000	35 879 000	11 276 000	4 993 000
Total Long-Term Debt	5 929 000	7 405 000	7 070 000	1 500 000
Total Current Debt	3 850 000	4 173 000	2 030 000	682 000
Total Equity and Debt	27 308 000	47 457 000	20 376 000	7 174 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	13 832 000	2 112 000	0	153 000
Other Income	1 476 000	1 476 000	0	0
Revenue	15 308 000	3 588 000	0	153 000
Cost of Goods Sold	0	0	0	0
Salary Costs	13 337 000	10 663 000	2 651 000	1 969 000
Depreciation	4 572 000	3 697 000	80 000	79 000
Impairment	0	0	0	0
Expenditure	33 725 000	31 214 000	6 523 000	3 917 000
Operating Profit	−18 416 000	−27 625 000	−6 522 000	−3 765 000
Financial Income	28 000	14 000	13 000	7 000
Financial Costs	61 000	45 000	70 000	8 000
Financial Balance	−33 000	−31 000	−57 000	−1 000
Dividends	0	0	0	0
Net Income	−18 450 000	−27 656 000	−6 579 000	−3 766 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	17 658 000	15 023 000	9 856 000	0
Real Eastate	0	0	0	0
Machinery and Plant Facilities	0	0	0	0
Fixtures	599 000	735 000	284 000	184 000
Total Tangible Assets	599 000	735 000	284 000	184 000
Total Fiancial Fixed Assets	0	0	0	0
Total Fixed Assets	18 257 000	15 758 000	10 140 000	184 000
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	6 114 000	29 186 000	5 772 000	6 091 000
Total Current Assets	9 051 000	31 699 000	10 236 000	6 990 000
Total Assets	27 308 000	47 457 000	20 376 000	7 174 000
Total Equity	17 529 000	35 879 000	11 276 000	4 993 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	5 929 000	7 405 000	7 070 000	1 500 000
Creditors	796 000	1 057 000	180 000	95 000
Unpaid Taxes	987 000	1 320 000	773 000	336 000
Dividends	0	0	0	0
Other Current Debt	2 067 000	1 796 000	1 077 000	250 000
Total Current Debt	3 850 000	4 173 000	2 030 000	682 000
Total Equity and Debt	27 308 000	47 457 000	20 376 000	7 174 000

Financial indicators	2022	2021	2020	2019
Return on Equity	−105,25 %	−77,08 %	−58,35 %	−75,43 %
Debt-to-Equity Ratio	0,34	0,21	0,63	0,3
Operating Profit Margin	−120,3 %	−769,93 %	-	−2 460,78 %
Current Ratio	2,35	7,6	5,04	10,25
Quick Ratio	2,35	7,6	5,04	10,25
Equity Ratio	0,64	0,76	0,55	0,7
Gross Profit Margin	100 %	100 %	-	100 %