CONNECT 365 AS

5582 ØLENSVÅG

Finances

Share Ownership

Return on Equity

−274,01 %

Current Ratio

1,8

Debt-to-Equity Ratio

Key figures (NOK)	2022	2021	2020	2019
Revenue	295 000	261 000	218 000	1 107 000
Net Income	−1 381 000	−1 672 000	−1 807 000	−402 000
Total Assets	1 133 000	521 000	532 000	497 000
Total Equity	504 000	125 000	49 000	98 000

Income (NOK)	2022	2021	2020	2019
Revenue	295 000	261 000	218 000	1 107 000
Expenditure	1 712 000	1 985 000	2 063 000	1 509 000
Operating Profit	−1 417 000	−1 724 000	−1 844 000	−402 000
Financial Income	0	0	0	0
Financial Costs	4 000	0	5 000	0
Financial Balance	−4 000	0	−5 000	0
Earnings Before Tax	−1 421 000	−1 724 000	−1 849 000	−402 000
Tax	−40 000	−52 000	−42 000	0
Net Income	−1 381 000	−1 672 000	−1 807 000	−402 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	2 000	12 000	21 000	17 000
Total Current Assets	1 131 000	510 000	511 000	480 000
Total Assets	1 133 000	521 000	532 000	497 000
Total Retained Equity	0	−375 000	−451 000	−402 000
Total Equity	504 000	125 000	49 000	98 000
Total Long-Term Debt	0	0	0	55 000
Total Current Debt	629 000	396 000	483 000	343 000
Total Equity and Debt	1 133 000	521 000	532 000	497 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	295 000	261 000	218 000	7 000
Other Income	0	0	0	1 100 000
Revenue	295 000	261 000	218 000	1 107 000
Cost of Goods Sold	301 000	270 000	130 000	196 000
Salary Costs	1 224 000	1 576 000	1 890 000	1 220 000
Depreciation	10 000	10 000	8 000	0
Impairment	0	0	0	0
Expenditure	1 712 000	1 985 000	2 063 000	1 509 000
Operating Profit	−1 417 000	−1 724 000	−1 844 000	−402 000
Financial Income	0	0	0	0
Financial Costs	4 000	0	5 000	0
Financial Balance	−4 000	0	−5 000	0
Dividends	0	0	0	0
Net Income	−1 381 000	−1 672 000	−1 807 000	−402 000

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	2 000	12 000	21 000	0
Fixtures	0	0	0	17 000
Total Tangible Assets	2 000	12 000	21 000	17 000
Total Fiancial Fixed Assets	0	0	0	0
Total Fixed Assets	2 000	12 000	21 000	17 000
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	970 000	458 000	465 000	480 000
Total Current Assets	1 131 000	510 000	511 000	480 000
Total Assets	1 133 000	521 000	532 000	497 000
Total Equity	504 000	125 000	49 000	98 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	0	0	0	55 000
Creditors	396 000	123 000	141 000	0
Unpaid Taxes	76 000	35 000	42 000	18 000
Dividends	0	0	0	0
Other Current Debt	157 000	238 000	300 000	325 000
Total Current Debt	629 000	396 000	483 000	343 000
Total Equity and Debt	1 133 000	521 000	532 000	497 000

Financial indicators	2022	2021	2020	2019
Return on Equity	−274,01 %	−1 337,6 %	−3 687,76 %	−410,2 %
Debt-to-Equity Ratio	0	0	0	0,56
Operating Profit Margin	−480,34 %	−660,54 %	−845,87 %	−36,31 %
Current Ratio	1,8	1,29	1,06	1,4
Quick Ratio	1,8	1,29	1,06	1,4
Equity Ratio	0,44	0,24	0,09	0,2
Gross Profit Margin	−2,03 %	−3,45 %	40,37 %	82,29 %