THE NORDIC MODEL AS

4014 STAVANGER

Finances

Share Ownership

Return on Equity

53,62 %

Current Ratio

1,55

Debt-to-Equity Ratio

Key figures (NOK)	2022	2021	2020	2019
Revenue	2 640 000	2 021 000	914 000	388 000
Net Income	111 000	45 000	51 000	−45 000
Total Assets	441 000	918 000	118 000	47 000
Total Equity	207 000	96 000	51 000	0

Income (NOK)	2022	2021	2020	2019
Revenue	2 640 000	2 021 000	914 000	388 000
Expenditure	2 496 000	1 965 000	866 000	433 000
Operating Profit	144 000	57 000	48 000	−45 000
Financial Income	0	0	6 000	0
Financial Costs	1 000	0	0	0
Financial Balance	−1 000	0	6 000	0
Earnings Before Tax	143 000	57 000	54 000	−45 000
Tax	32 000	13 000	2 000	0
Net Income	111 000	45 000	51 000	−45 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	79 000	114 000	75 000	0
Total Current Assets	362 000	803 000	42 000	47 000
Total Assets	441 000	918 000	118 000	47 000
Total Retained Equity	157 000	51 000	7 000	−45 000
Total Equity	207 000	96 000	51 000	0
Total Long-Term Debt	0	0	0	0
Total Current Debt	234 000	822 000	66 000	48 000
Total Equity and Debt	441 000	918 000	118 000	47 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	2 640 000	1 957 000	897 000	388 000
Other Income	0	64 000	17 000	0
Revenue	2 640 000	2 021 000	914 000	388 000
Cost of Goods Sold	1 286 000	879 000	389 000	80 000
Salary Costs	860 000	829 000	365 000	287 000
Depreciation	35 000	25 000	13 000	0
Impairment	0	0	0	0
Expenditure	2 496 000	1 965 000	866 000	433 000
Operating Profit	144 000	57 000	48 000	−45 000
Financial Income	0	0	6 000	0
Financial Costs	1 000	0	0	0
Financial Balance	−1 000	0	6 000	0
Dividends	0	0	0	0
Net Income	111 000	45 000	51 000	−45 000

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	79 000	114 000	75 000	0
Total Tangible Assets	79 000	114 000	75 000	0
Total Fiancial Fixed Assets	0	0	0	0
Total Fixed Assets	79 000	114 000	75 000	0
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	41 000	496 000	24 000	47 000
Total Current Assets	362 000	803 000	42 000	47 000
Total Assets	441 000	918 000	118 000	47 000
Total Equity	207 000	96 000	51 000	0
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	0	0	0	0
Creditors	59 000	429 000	0	1 000
Unpaid Taxes	48 000	217 000	21 000	19 000
Dividends	0	0	0	0
Other Current Debt	92 000	161 000	43 000	27 000
Total Current Debt	234 000	822 000	66 000	48 000
Total Equity and Debt	441 000	918 000	118 000	47 000

Financial indicators	2022	2021	2020	2019
Return on Equity	53,62 %	46,88 %	100 %	-
Debt-to-Equity Ratio	0	0	0	-
Operating Profit Margin	5,45 %	2,82 %	5,25 %	−11,6 %
Current Ratio	1,55	0,98	0,64	0,98
Quick Ratio	1,55	0,98	0,64	0,98
Equity Ratio	0,47	0,1	0,43	0
Gross Profit Margin	51,29 %	56,51 %	57,44 %	79,38 %