NORTHERN ECO CONCEPTS AS

8170 ENGAVÅGEN

Finances

Return on Equity

29,06 %

Current Ratio

6,1

Debt-to-Equity Ratio

0,02

Key figures (NOK)	2022	2021	2020	2019
Revenue	222 000	26 000	105 000	0
Net Income	501 000	−28 000	380 000	−5 000
Total Assets	1 979 000	1 585 000	1 463 000	995 000
Total Equity	1 724 000	1 247 000	1 275 000	895 000

Income (NOK)	2022	2021	2020	2019
Revenue	222 000	26 000	105 000	0
Expenditure	23 000	54 000	21 000	6 000
Operating Profit	199 000	−28 000	84 000	−6 000
Financial Income	501 000	0	314 000	0
Financial Costs	159 000	0	0	0
Financial Balance	342 000	0	314 000	0
Earnings Before Tax	541 000	−28 000	397 000	−5 000
Tax	40 000	0	17 000	0
Net Income	501 000	−28 000	380 000	−5 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	667 000	845 000	851 000	988 000
Total Current Assets	1 312 000	740 000	612 000	7 000
Total Assets	1 979 000	1 585 000	1 463 000	995 000
Total Retained Equity	824 000	347 000	375 000	−5 000
Total Equity	1 724 000	1 247 000	1 275 000	895 000
Total Long-Term Debt	40 000	171 000	171 000	100 000
Total Current Debt	215 000	167 000	17 000	0
Total Equity and Debt	1 979 000	1 585 000	1 463 000	995 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	222 000	0	105 000	0
Other Income	0	26 000	0	0
Revenue	222 000	26 000	105 000	0
Cost of Goods Sold	0	0	0	0
Salary Costs	0	0	0	0
Depreciation	23 000	6 000	21 000	0
Impairment	0	48 000	0	0
Expenditure	23 000	54 000	21 000	6 000
Operating Profit	199 000	−28 000	84 000	−6 000
Financial Income	501 000	0	314 000	0
Financial Costs	159 000	0	0	0
Financial Balance	342 000	0	314 000	0
Dividends	0	0	0	0
Net Income	501 000	−28 000	380 000	−5 000

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	21 000	44 000	50 000	0
Total Tangible Assets	21 000	44 000	50 000	0
Total Fiancial Fixed Assets	646 000	801 000	801 000	988 000
Total Fixed Assets	667 000	845 000	851 000	988 000
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	1 312 000	740 000	612 000	7 000
Total Current Assets	1 312 000	740 000	612 000	7 000
Total Assets	1 979 000	1 585 000	1 463 000	995 000
Total Equity	1 724 000	1 247 000	1 275 000	895 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	40 000	171 000	171 000	100 000
Creditors	0	0	0	0
Unpaid Taxes	0	0	0	0
Dividends	0	0	0	0
Other Current Debt	175 000	150 000	0	0
Total Current Debt	215 000	167 000	17 000	0
Total Equity and Debt	1 979 000	1 585 000	1 463 000	995 000

Financial indicators	2022	2021	2020	2019
Return on Equity	29,06 %	−2,25 %	29,8 %	−0,56 %
Debt-to-Equity Ratio	0,02	0,14	0,13	0,11
Operating Profit Margin	89,64 %	−107,69 %	80 %	-
Current Ratio	6,1	4,43	36	-
Quick Ratio	6,1	4,43	36	-
Equity Ratio	0,87	0,79	0,87	0,9
Gross Profit Margin	100 %	100 %	100 %	-