QNAPPEN AS

9455 ENGENES

Finances

Share Ownership

Return on Equity

−21,93 %

Current Ratio

2,5

Debt-to-Equity Ratio

4,11

Key figures (NOK)	2022	2021	2020	2019
Revenue	185 000	9 000	0	0
Net Income	−93 000	−158 000	−75 000	−6 000
Total Assets	2 259 000	1 108 000	885 000	24 000
Total Equity	424 000	18 000	127 000	24 000

Income (NOK)	2022	2021	2020	2019
Revenue	185 000	9 000	0	0
Expenditure	1 301 000	411 000	78 000	8 000
Operating Profit	−80 000	−159 000	−78 000	−8 000
Financial Income	4 000	5 000	3 000	0
Financial Costs	18 000	4 000	0	0
Financial Balance	−14 000	1 000	3 000	0
Earnings Before Tax	−93 000	−158 000	−75 000	−8 000
Tax	0	0	0	−2 000
Net Income	−93 000	−158 000	−75 000	−6 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	2 024 000	1 046 000	745 000	2 000
Total Current Assets	235 000	62 000	140 000	22 000
Total Assets	2 259 000	1 108 000	885 000	24 000
Total Retained Equity	0	−257 000	−147 000	−6 000
Total Equity	424 000	18 000	127 000	24 000
Total Long-Term Debt	1 741 000	993 000	549 000	0
Total Current Debt	94 000	98 000	209 000	0
Total Equity and Debt	2 259 000	1 108 000	885 000	24 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	56 000	9 000	0	0
Other Income	129 000	0	0	0
Revenue	185 000	9 000	0	0
Cost of Goods Sold	12 000	7 000	0	0
Salary Costs	62 000	43 000	0	0
Depreciation	74 000	76 000	70 000	0
Impairment	0	0	0	0
Expenditure	1 301 000	411 000	78 000	8 000
Operating Profit	−80 000	−159 000	−78 000	−8 000
Financial Income	4 000	5 000	3 000	0
Financial Costs	18 000	4 000	0	0
Financial Balance	−14 000	1 000	3 000	0
Dividends	0	0	0	0
Net Income	−93 000	−158 000	−75 000	−6 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	1 963 000	928 000	591 000	2 000
Real Eastate	0	0	0	0
Machinery and Plant Facilities	61 000	0	0	0
Fixtures	0	118 000	154 000	0
Total Tangible Assets	61 000	118 000	154 000	0
Total Fiancial Fixed Assets	0	0	0	0
Total Fixed Assets	2 024 000	1 046 000	745 000	2 000
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	174 000	58 000	5 000	22 000
Total Current Assets	235 000	62 000	140 000	22 000
Total Assets	2 259 000	1 108 000	885 000	24 000
Total Equity	424 000	18 000	127 000	24 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	1 741 000	993 000	549 000	0
Creditors	6 000	17 000	225 000	0
Unpaid Taxes	3 000	8 000	−16 000	0
Dividends	0	0	0	0
Other Current Debt	85 000	73 000	0	0
Total Current Debt	94 000	98 000	209 000	0
Total Equity and Debt	2 259 000	1 108 000	885 000	24 000

Financial indicators	2022	2021	2020	2019
Return on Equity	−21,93 %	−877,78 %	−59,06 %	−25 %
Debt-to-Equity Ratio	4,11	55,17	4,32	0
Operating Profit Margin	−43,24 %	−1 766,67 %	-	-
Current Ratio	2,5	0,63	0,67	-
Quick Ratio	2,5	0,63	0,67	-
Equity Ratio	0,19	0,02	0,14	1
Gross Profit Margin	93,51 %	22,22 %	-	-