CIRCULAR NORWAY AS

0278 OSLO

Finances

Share Ownership

Return on Equity

207,42 %

Current Ratio

0,9

Debt-to-Equity Ratio

−12,19

Key figures (NOK)	2022	2021	2020	2019
Revenue	6 145 000	4 364 000	1 481 000	0
Net Income	−894 000	−3 042 000	−1 085 000	0
Total Assets	6 012 000	6 984 000	12 418 000	30 000
Total Equity	−431 000	463 000	3 505 000	30 000

Income (NOK)	2022	2021	2020
Revenue	6 145 000	4 364 000	1 481 000
Expenditure	6 880 000	7 201 000	2 493 000
Operating Profit	−734 000	−2 837 000	−1 012 000
Financial Income	2 000	13 000	0
Financial Costs	162 000	218 000	73 000
Financial Balance	−160 000	−205 000	−73 000
Earnings Before Tax	−894 000	−3 042 000	−1 085 000
Tax	0	0	0
Net Income	−894 000	−3 042 000	−1 085 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	4 944 000	6 004 000	7 063 000	0
Total Current Assets	1 068 000	980 000	5 355 000	30 000
Total Assets	6 012 000	6 984 000	12 418 000	30 000
Total Retained Equity	−5 021 000	−4 127 000	−1 085 000	0
Total Equity	−431 000	463 000	3 505 000	30 000
Total Long-Term Debt	5 255 000	5 255 000	7 309 000	0
Total Current Debt	1 188 000	1 266 000	1 604 000	0
Total Equity and Debt	6 012 000	6 984 000	12 418 000	30 000

Cash flow (NOK)	2022	2021	2020
Sales Income	6 145 000	4 364 000	1 481 000
Other Income	0	0	0
Revenue	6 145 000	4 364 000	1 481 000
Cost of Goods Sold	604 000	882 000	368 000
Salary Costs	4 507 000	4 227 000	1 471 000
Depreciation	1 060 000	1 060 000	353 000
Impairment	0	0	0
Expenditure	6 880 000	7 201 000	2 493 000
Operating Profit	−734 000	−2 837 000	−1 012 000
Financial Income	2 000	13 000	0
Financial Costs	162 000	218 000	73 000
Financial Balance	−160 000	−205 000	−73 000
Dividends	0	0	0
Net Income	−894 000	−3 042 000	−1 085 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	4 944 000	6 004 000	7 063 000	0
Total Intangible Assets	4 944 000	6 004 000	7 063 000	0
Real Eastate	0	0	0	0
Machinery and Plant Facilities	0	0	0	0
Fixtures	0	0	0	0
Total Tangible Assets	0	0	0	0
Total Fiancial Fixed Assets	0	0	0	0
Total Fixed Assets	4 944 000	6 004 000	7 063 000	0
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	529 000	274 000	72 000	30 000
Total Current Assets	1 068 000	980 000	5 355 000	30 000
Total Assets	6 012 000	6 984 000	12 418 000	30 000
Total Equity	−431 000	463 000	3 505 000	30 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	5 255 000	5 255 000	7 309 000	0
Creditors	31 000	84 000	1 040 000	0
Unpaid Taxes	486 000	407 000	132 000	0
Dividends	0	0	0	0
Other Current Debt	670 000	775 000	432 000	0
Total Current Debt	1 188 000	1 266 000	1 604 000	0
Total Equity and Debt	6 012 000	6 984 000	12 418 000	30 000

Financial indicators	2022	2021	2020	2019
Return on Equity	207,42 %	−657,02 %	−30,96 %	0 %
Debt-to-Equity Ratio	−12,19	11,35	2,09	0
Operating Profit Margin	−11,94 %	−65,01 %	−68,33 %	-
Current Ratio	0,9	0,77	3,34	-
Quick Ratio	0,9	0,77	3,34	-
Equity Ratio	−0,07	0,07	0,28	1
Gross Profit Margin	90,17 %	79,79 %	75,15 %	-