ELITE KULDE AS

2016 FROGNER

Finances

Return on Equity

58,13 %

Current Ratio

1,46

Debt-to-Equity Ratio

1,42

Key figures (NOK)	2022	2021	2020	2019
Revenue	8 178 000	6 109 000	4 537 000	3 488 000
Net Income	404 000	−325 000	76 000	397 000
Total Assets	3 790 000	1 411 000	1 283 000	1 207 000
Total Equity	695 000	291 000	616 000	540 000

Income (NOK)	2022	2021	2020	2019
Revenue	8 178 000	6 109 000	4 537 000	3 488 000
Expenditure	7 649 000	6 429 000	4 438 000	2 978 000
Operating Profit	530 000	−321 000	99 000	509 000
Financial Income	−1 000	0	0	0
Financial Costs	78 000	6 000	2 000	0
Financial Balance	−79 000	−6 000	−2 000	0
Earnings Before Tax	451 000	−326 000	98 000	509 000
Tax	46 000	−1 000	22 000	112 000
Net Income	404 000	−325 000	76 000	397 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	701 000	11 000	38 000	64 000
Total Current Assets	3 089 000	1 400 000	1 245 000	1 143 000
Total Assets	3 790 000	1 411 000	1 283 000	1 207 000
Total Retained Equity	552 000	148 000	473 000	397 000
Total Equity	695 000	291 000	616 000	540 000
Total Long-Term Debt	985 000	0	1 000	3 000
Total Current Debt	2 110 000	1 120 000	665 000	664 000
Total Equity and Debt	3 790 000	1 411 000	1 283 000	1 207 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	8 178 000	6 109 000	4 537 000	3 488 000
Other Income	0	0	0	0
Revenue	8 178 000	6 109 000	4 537 000	3 488 000
Cost of Goods Sold	2 382 000	2 365 000	1 225 000	1 325 000
Salary Costs	3 226 000	2 836 000	2 429 000	1 041 000
Depreciation	56 000	0	0	0
Impairment	0	0	0	0
Expenditure	7 649 000	6 429 000	4 438 000	2 978 000
Operating Profit	530 000	−321 000	99 000	509 000
Financial Income	−1 000	0	0	0
Financial Costs	78 000	6 000	2 000	0
Financial Balance	−79 000	−6 000	−2 000	0
Dividends	0	0	0	0
Net Income	404 000	−325 000	76 000	397 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	29 000	0	0	0
Real Eastate	0	0	0	0
Machinery and Plant Facilities	0	0	0	0
Fixtures	672 000	0	0	0
Total Tangible Assets	672 000	0	0	0
Total Fiancial Fixed Assets	0	11 000	38 000	64 000
Total Fixed Assets	701 000	11 000	38 000	64 000
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	1 441 000	803 000	929 000	339 000
Total Current Assets	3 089 000	1 400 000	1 245 000	1 143 000
Total Assets	3 790 000	1 411 000	1 283 000	1 207 000
Total Equity	695 000	291 000	616 000	540 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	985 000	0	1 000	3 000
Creditors	1 029 000	514 000	58 000	210 000
Unpaid Taxes	692 000	307 000	325 000	222 000
Dividends	0	0	0	0
Other Current Debt	313 000	299 000	258 000	123 000
Total Current Debt	2 110 000	1 120 000	665 000	664 000
Total Equity and Debt	3 790 000	1 411 000	1 283 000	1 207 000

Financial indicators	2022	2021	2020	2019
Return on Equity	58,13 %	−111,68 %	12,34 %	73,52 %
Debt-to-Equity Ratio	1,42	0	0	0,01
Operating Profit Margin	6,48 %	−5,25 %	2,18 %	14,59 %
Current Ratio	1,46	1,25	1,87	1,72
Quick Ratio	1,46	1,25	1,87	1,72
Equity Ratio	0,18	0,21	0,48	0,45
Gross Profit Margin	70,87 %	61,29 %	73 %	62,01 %