PALION MEDICAL AS

7051 TRONDHEIM

Finances

Share Ownership

Return on Equity

−14,26 %

Current Ratio

8,28

Debt-to-Equity Ratio

Key figures (NOK)	2021	2020	2019
Revenue	3 806 000	185 000	100 000
Net Income	−2 179 000	−522 000	−146 000
Total Assets	16 153 000	18 066 000	3 124 000
Total Equity	15 279 000	17 458 000	−35 000

Income (NOK)	2021	2020	2019
Revenue	3 806 000	185 000	100 000
Expenditure	5 955 000	720 000	246 000
Operating Profit	−2 148 000	−535 000	−146 000
Financial Income	59 000	12 000	0
Financial Costs	90 000	0	0
Financial Balance	−31 000	12 000	0
Earnings Before Tax	−2 179 000	−522 000	−146 000
Tax	0	0	0
Net Income	−2 179 000	−522 000	−146 000

Balance (NOK)	2021	2020	2019
Total Fixed Assets	8 913 000	3 355 000	2 680 000
Total Current Assets	7 239 000	14 711 000	444 000
Total Assets	16 153 000	18 066 000	3 124 000
Total Retained Equity	0	−668 000	−146 000
Total Equity	15 279 000	17 458 000	−35 000
Total Long-Term Debt	0	0	0
Total Current Debt	874 000	609 000	3 159 000
Total Equity and Debt	16 153 000	18 066 000	3 124 000

Cash flow (NOK)	2021	2020	2019
Sales Income	5 000	0	0
Other Income	3 801 000	185 000	100 000
Revenue	3 806 000	185 000	100 000
Cost of Goods Sold	0	0	0
Salary Costs	3 473 000	0	0
Depreciation	0	0	0
Impairment	0	0	0
Expenditure	5 955 000	720 000	246 000
Operating Profit	−2 148 000	−535 000	−146 000
Financial Income	59 000	12 000	0
Financial Costs	90 000	0	0
Financial Balance	−31 000	12 000	0
Dividends	0	0	0
Net Income	−2 179 000	−522 000	−146 000

Balance details (NOK)	2021	2020	2019
Goodwill	0	0	0
Total Intangible Assets	8 898 000	3 355 000	2 680 000
Real Eastate	0	0	0
Machinery and Plant Facilities	0	0	0
Fixtures	0	0	0
Total Tangible Assets	0	0	0
Total Fiancial Fixed Assets	16 000	0	0
Total Fixed Assets	8 913 000	3 355 000	2 680 000
Stock	0	0	0
Total Investments	0	0	0
Cash, Bank	6 505 000	14 676 000	441 000
Total Current Assets	7 239 000	14 711 000	444 000
Total Assets	16 153 000	18 066 000	3 124 000
Total Equity	15 279 000	17 458 000	−35 000
Short-Term Group Debt	0	0	0
Total Long-Term Debt	0	0	0
Creditors	749 000	259 000	3 159 000
Unpaid Taxes	7 000	99 000	0
Dividends	0	0	0
Other Current Debt	118 000	251 000	0
Total Current Debt	874 000	609 000	3 159 000
Total Equity and Debt	16 153 000	18 066 000	3 124 000

Financial indicators	2021	2020	2019
Return on Equity	−14,26 %	−2,99 %	417,14 %
Debt-to-Equity Ratio	0	0	−0
Operating Profit Margin	−56,44 %	−289,19 %	−146 %
Current Ratio	8,28	24,16	0,14
Quick Ratio	8,28	24,16	0,14
Equity Ratio	0,95	0,97	−0,01
Gross Profit Margin	100 %	100 %	100 %