ELTOSEA AS

2335 STANGE

Finances

Share Ownership

Return on Equity

−3,42 %

Current Ratio

1,23

Debt-to-Equity Ratio

−1,2

Key figures (NOK)	2022	2021	2020	2019
Revenue	2 750 000	1 002 000	800 000	298 000
Net Income	58 000	−355 000	−664 000	−942 000
Total Assets	1 759 000	604 000	491 000	651 000
Total Equity	−1 695 000	−1 753 000	−1 583 000	−920 000

Income (NOK)	2022	2021	2020	2019
Revenue	2 750 000	1 002 000	800 000	298 000
Expenditure	2 559 000	1 246 000	1 339 000	1 216 000
Operating Profit	191 000	−244 000	−540 000	−918 000
Financial Income	6 000	6 000	3 000	0
Financial Costs	139 000	117 000	126 000	23 000
Financial Balance	−133 000	−111 000	−123 000	−23 000
Earnings Before Tax	58 000	−355 000	−664 000	−942 000
Tax	0	0	0	0
Net Income	58 000	−355 000	−664 000	−942 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	14 000	48 000	81 000	72 000
Total Current Assets	1 744 000	557 000	410 000	579 000
Total Assets	1 759 000	604 000	491 000	651 000
Total Retained Equity	−1 902 000	−1 961 000	−1 605 000	−942 000
Total Equity	−1 695 000	−1 753 000	−1 583 000	−920 000
Total Long-Term Debt	2 040 000	1 184 000	1 097 000	101 000
Total Current Debt	1 413 000	1 173 000	978 000	1 469 000
Total Equity and Debt	1 759 000	604 000	491 000	651 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	2 750 000	1 001 000	782 000	298 000
Other Income	0	1 000	18 000	0
Revenue	2 750 000	1 002 000	800 000	298 000
Cost of Goods Sold	1 773 000	602 000	416 000	15 000
Salary Costs	84 000	75 000	384 000	635 000
Depreciation	34 000	34 000	25 000	0
Impairment	0	0	0	0
Expenditure	2 559 000	1 246 000	1 339 000	1 216 000
Operating Profit	191 000	−244 000	−540 000	−918 000
Financial Income	6 000	6 000	3 000	0
Financial Costs	139 000	117 000	126 000	23 000
Financial Balance	−133 000	−111 000	−123 000	−23 000
Dividends	0	0	0	0
Net Income	58 000	−355 000	−664 000	−942 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	8 000	31 000	55 000	50 000
Real Eastate	0	0	0	0
Machinery and Plant Facilities	0	0	0	0
Fixtures	6 000	16 000	26 000	22 000
Total Tangible Assets	6 000	16 000	26 000	22 000
Total Fiancial Fixed Assets	0	0	0	0
Total Fixed Assets	14 000	48 000	81 000	72 000
Stock	440 000	206 000	374 000	471 000
Total Investments	0	0	0	0
Cash, Bank	0	0	0	64 000
Total Current Assets	1 744 000	557 000	410 000	579 000
Total Assets	1 759 000	604 000	491 000	651 000
Total Equity	−1 695 000	−1 753 000	−1 583 000	−920 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	2 040 000	1 184 000	1 097 000	101 000
Creditors	664 000	173 000	191 000	299 000
Unpaid Taxes	203 000	95 000	70 000	103 000
Dividends	0	0	0	0
Other Current Debt	16 000	16 000	94 000	57 000
Total Current Debt	1 413 000	1 173 000	978 000	1 469 000
Total Equity and Debt	1 759 000	604 000	491 000	651 000

Financial indicators	2022	2021	2020	2019
Return on Equity	−3,42 %	20,25 %	41,95 %	102,39 %
Debt-to-Equity Ratio	−1,2	−0,68	−0,69	−0,11
Operating Profit Margin	6,95 %	−24,35 %	−67,5 %	−308,05 %
Current Ratio	1,23	0,47	0,42	0,39
Quick Ratio	1,79	0,58	0,68	0,58
Equity Ratio	−0,96	−2,9	−3,22	−1,41
Gross Profit Margin	35,53 %	39,92 %	48 %	94,97 %