PINECLIFF AS

6015 ÅLESUND

Finances

Share Ownership

Return on Equity

26,79 %

Current Ratio

5,16

Debt-to-Equity Ratio

Key figures (NOK)	2022	2021	2020	2019
Revenue	0	945 000	3 507 000	679 000
Net Income	165 000	230 000	1 714 000	−137 000
Total Assets	763 000	573 000	2 236 000	31 000
Total Equity	616 000	450 000	1 619 000	−96 000

Income (NOK)	2022	2021	2020	2019
Revenue	0	945 000	3 507 000	679 000
Expenditure	288 000	934 000	1 709 000	810 000
Operating Profit	−288 000	11 000	1 798 000	−131 000
Financial Income	735 000	663 000	341 000	0
Financial Costs	281 000	393 000	66 000	6 000
Financial Balance	454 000	270 000	275 000	−6 000
Earnings Before Tax	165 000	281 000	2 073 000	−137 000
Tax	0	51 000	359 000	0
Net Income	165 000	230 000	1 714 000	−137 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	0	0	598 000	0
Total Current Assets	763 000	573 000	1 638 000	31 000
Total Assets	763 000	573 000	2 236 000	31 000
Total Retained Equity	586 000	420 000	1 589 000	−126 000
Total Equity	616 000	450 000	1 619 000	−96 000
Total Long-Term Debt	0	0	0	0
Total Current Debt	148 000	123 000	618 000	127 000
Total Equity and Debt	763 000	573 000	2 236 000	31 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	0	945 000	3 507 000	679 000
Other Income	0	0	0	0
Revenue	0	945 000	3 507 000	679 000
Cost of Goods Sold	0	0	0	392 000
Salary Costs	246 000	908 000	1 474 000	264 000
Depreciation	0	0	0	0
Impairment	0	0	0	0
Expenditure	288 000	934 000	1 709 000	810 000
Operating Profit	−288 000	11 000	1 798 000	−131 000
Financial Income	735 000	663 000	341 000	0
Financial Costs	281 000	393 000	66 000	6 000
Financial Balance	454 000	270 000	275 000	−6 000
Dividends	0	1 398 000	0	0
Net Income	165 000	230 000	1 714 000	−137 000

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	0	0	598 000	0
Total Fixed Assets	0	0	598 000	0
Stock	0	0	0	0
Total Investments	544 000	568 000	1 023 000	0
Cash, Bank	219 000	4 000	269 000	29 000
Total Current Assets	763 000	573 000	1 638 000	31 000
Total Assets	763 000	573 000	2 236 000	31 000
Total Equity	616 000	450 000	1 619 000	−96 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	0	0	0	0
Creditors	3 000	6 000	9 000	17 000
Unpaid Taxes	104 000	0	112 000	0
Dividends	0	1 398 000	0	0
Other Current Debt	41 000	66 000	138 000	110 000
Total Current Debt	148 000	123 000	618 000	127 000
Total Equity and Debt	763 000	573 000	2 236 000	31 000

Financial indicators	2022	2021	2020	2019
Return on Equity	26,79 %	51,11 %	105,87 %	142,71 %
Debt-to-Equity Ratio	0	0	0	−0
Operating Profit Margin	-	1,16 %	51,27 %	−19,29 %
Current Ratio	5,16	4,66	2,65	0,24
Quick Ratio	5,16	4,66	2,65	0,24
Equity Ratio	0,81	0,79	0,72	−3,1
Gross Profit Margin	-	100 %	100 %	42,27 %