WORKHORSE AS

1461 LØRENSKOG

Finances

Share Ownership

Return on Equity

17,96 %

Current Ratio

2,93

Debt-to-Equity Ratio

Key figures (NOK)	2022	2021	2020	2019
Revenue	1 377 000	1 173 000	759 000	1 583 000
Net Income	102 000	139 000	142 000	164 000
Total Assets	855 000	824 000	414 000	634 000
Total Equity	568 000	467 000	328 000	186 000

Income (NOK)	2022	2021	2020	2019
Revenue	1 377 000	1 173 000	759 000	1 583 000
Expenditure	1 249 000	994 000	574 000	1 377 000
Operating Profit	126 000	178 000	184 000	206 000
Financial Income	4 000	0	0	3 000
Financial Costs	0	1 000	2 000	1 000
Financial Balance	4 000	−1 000	−2 000	2 000
Earnings Before Tax	130 000	178 000	183 000	208 000
Tax	29 000	39 000	40 000	44 000
Net Income	102 000	139 000	142 000	164 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	20 000	25 000	0	0
Total Current Assets	835 000	799 000	414 000	634 000
Total Assets	855 000	824 000	414 000	634 000
Total Retained Equity	547 000	445 000	306 000	164 000
Total Equity	568 000	467 000	328 000	186 000
Total Long-Term Debt	2 000	2 000	0	1 000
Total Current Debt	285 000	356 000	85 000	447 000
Total Equity and Debt	855 000	824 000	414 000	634 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	1 377 000	1 173 000	759 000	1 583 000
Other Income	0	0	0	0
Revenue	1 377 000	1 173 000	759 000	1 583 000
Cost of Goods Sold	221 000	30 000	70 000	65 000
Salary Costs	854 000	881 000	422 000	1 195 000
Depreciation	5 000	1 000	0	0
Impairment	0	0	0	0
Expenditure	1 249 000	994 000	574 000	1 377 000
Operating Profit	126 000	178 000	184 000	206 000
Financial Income	4 000	0	0	3 000
Financial Costs	0	1 000	2 000	1 000
Financial Balance	4 000	−1 000	−2 000	2 000
Dividends	0	0	0	0
Net Income	102 000	139 000	142 000	164 000

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	20 000	25 000	0	0
Total Tangible Assets	20 000	25 000	0	0
Total Fiancial Fixed Assets	0	0	0	0
Total Fixed Assets	20 000	25 000	0	0
Stock	10 000	10 000	16 000	28 000
Total Investments	0	0	0	0
Cash, Bank	823 000	663 000	396 000	447 000
Total Current Assets	835 000	799 000	414 000	634 000
Total Assets	855 000	824 000	414 000	634 000
Total Equity	568 000	467 000	328 000	186 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	2 000	2 000	0	1 000
Creditors	1 000	8 000	5 000	5 000
Unpaid Taxes	12 000	239 000	5 000	296 000
Dividends	0	0	0	0
Other Current Debt	243 000	71 000	35 000	102 000
Total Current Debt	285 000	356 000	85 000	447 000
Total Equity and Debt	855 000	824 000	414 000	634 000

Financial indicators	2022	2021	2020	2019
Return on Equity	17,96 %	29,76 %	43,29 %	88,17 %
Debt-to-Equity Ratio	0	0	0	0,01
Operating Profit Margin	9,15 %	15,17 %	24,24 %	13,01 %
Current Ratio	2,93	2,24	4,87	1,42
Quick Ratio	3,04	2,31	6	1,51
Equity Ratio	0,66	0,57	0,79	0,29
Gross Profit Margin	83,95 %	97,44 %	90,78 %	95,89 %