INITIATIV VEST - EN TANKESMIE FOR VESTLANDET STI

5008 BERGEN

Finances

Share Ownership

Return on Equity

−134,45 %

Current Ratio

2,27

Debt-to-Equity Ratio

Key figures (NOK)	2022	2021	2020	2019
Revenue	2 175 000	3 500 000	3 500 000	400 000
Net Income	−999 000	144 000	1 369 000	130 000
Total Assets	1 271 000	2 259 000	1 856 000	422 000
Total Equity	743 000	1 743 000	1 599 000	230 000

Income (NOK)	2022	2021	2020	2019
Revenue	2 175 000	3 500 000	3 500 000	400 000
Expenditure	3 181 000	3 359 000	2 139 000	273 000
Operating Profit	−1 006 000	140 000	1 361 000	127 000
Financial Income	7 000	4 000	8 000	2 000
Financial Costs	0	0	0	0
Financial Balance	7 000	4 000	8 000	2 000
Earnings Before Tax	−999 000	144 000	1 369 000	130 000
Tax	0	0	0	0
Net Income	−999 000	144 000	1 369 000	130 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	73 000	104 000	32 000	0
Total Current Assets	1 198 000	2 155 000	1 824 000	422 000
Total Assets	1 271 000	2 259 000	1 856 000	422 000
Total Retained Equity	643 000	1 643 000	1 499 000	130 000
Total Equity	743 000	1 743 000	1 599 000	230 000
Total Long-Term Debt	0	0	0	0
Total Current Debt	528 000	516 000	257 000	193 000
Total Equity and Debt	1 271 000	2 259 000	1 856 000	422 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	0	0	0	0
Other Income	2 175 000	3 500 000	3 500 000	400 000
Revenue	2 175 000	3 500 000	3 500 000	400 000
Cost of Goods Sold	0	0	0	0
Salary Costs	2 303 000	2 773 000	1 034 000	0
Depreciation	31 000	11 000	2 000	0
Impairment	0	0	0	0
Expenditure	3 181 000	3 359 000	2 139 000	273 000
Operating Profit	−1 006 000	140 000	1 361 000	127 000
Financial Income	7 000	4 000	8 000	2 000
Financial Costs	0	0	0	0
Financial Balance	7 000	4 000	8 000	2 000
Dividends	0	0	0	0
Net Income	−999 000	144 000	1 369 000	130 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	40 000	59 000	0	0
Real Eastate	0	0	0	0
Machinery and Plant Facilities	0	0	0	0
Fixtures	10 000	21 000	32 000	0
Total Tangible Assets	10 000	21 000	32 000	0
Total Fiancial Fixed Assets	24 000	24 000	0	0
Total Fixed Assets	73 000	104 000	32 000	0
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	955 000	2 090 000	1 797 000	422 000
Total Current Assets	1 198 000	2 155 000	1 824 000	422 000
Total Assets	1 271 000	2 259 000	1 856 000	422 000
Total Equity	743 000	1 743 000	1 599 000	230 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	0	0	0	0
Creditors	47 000	54 000	36 000	0
Unpaid Taxes	324 000	253 000	145 000	0
Dividends	0	0	0	0
Other Current Debt	157 000	209 000	76 000	193 000
Total Current Debt	528 000	516 000	257 000	193 000
Total Equity and Debt	1 271 000	2 259 000	1 856 000	422 000

Financial indicators	2022	2021	2020	2019
Return on Equity	−134,45 %	8,26 %	85,62 %	56,52 %
Debt-to-Equity Ratio	0	0	0	0
Operating Profit Margin	−46,25 %	4 %	38,89 %	31,75 %
Current Ratio	2,27	4,18	7,1	2,19
Quick Ratio	2,27	4,18	7,1	2,19
Equity Ratio	0,58	0,77	0,86	0,55
Gross Profit Margin	100 %	100 %	100 %	100 %