ERTE AS

5918 FREKHAUG

Finances

Share Ownership

Return on Equity

−20,26 %

Current Ratio

1,05

Debt-to-Equity Ratio

Key figures (NOK)	2022	2021	2020	2019
Revenue	6 049 000	4 812 000	1 442 000	39 000
Net Income	−46 000	50 000	184 000	9 000
Total Assets	4 574 000	1 132 000	534 000	81 000
Total Equity	227 000	273 000	223 000	39 000

Income (NOK)	2022	2021	2020	2019
Revenue	6 049 000	4 812 000	1 442 000	39 000
Expenditure	6 095 000	4 748 000	1 204 000	28 000
Operating Profit	−45 000	64 000	238 000	11 000
Financial Income	0	0	0	0
Financial Costs	1 000	0	1 000	0
Financial Balance	−1 000	0	−1 000	0
Earnings Before Tax	−46 000	64 000	236 000	11 000
Tax	0	14 000	52 000	3 000
Net Income	−46 000	50 000	184 000	9 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	0	7 000	18 000	30 000
Total Current Assets	4 574 000	1 125 000	515 000	51 000
Total Assets	4 574 000	1 132 000	534 000	81 000
Total Retained Equity	197 000	243 000	193 000	9 000
Total Equity	227 000	273 000	223 000	39 000
Total Long-Term Debt	0	0	0	0
Total Current Debt	4 347 000	859 000	311 000	42 000
Total Equity and Debt	4 574 000	1 132 000	534 000	81 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	6 049 000	4 812 000	1 442 000	39 000
Other Income	0	0	0	0
Revenue	6 049 000	4 812 000	1 442 000	39 000
Cost of Goods Sold	1 947 000	1 738 000	462 000	5 000
Salary Costs	893 000	847 000	198 000	0
Depreciation	7 000	12 000	12 000	5 000
Impairment	0	0	0	0
Expenditure	6 095 000	4 748 000	1 204 000	28 000
Operating Profit	−45 000	64 000	238 000	11 000
Financial Income	0	0	0	0
Financial Costs	1 000	0	1 000	0
Financial Balance	−1 000	0	−1 000	0
Dividends	0	0	0	0
Net Income	−46 000	50 000	184 000	9 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	0	0	0	0
Real Eastate	0	0	0	0
Machinery and Plant Facilities	0	0	0	0
Fixtures	0	7 000	18 000	30 000
Total Tangible Assets	0	7 000	18 000	30 000
Total Fiancial Fixed Assets	0	0	0	0
Total Fixed Assets	0	7 000	18 000	30 000
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	4 569 000	1 119 000	515 000	51 000
Total Current Assets	4 574 000	1 125 000	515 000	51 000
Total Assets	4 574 000	1 132 000	534 000	81 000
Total Equity	227 000	273 000	223 000	39 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	0	0	0	0
Creditors	224 000	222 000	45 000	40 000
Unpaid Taxes	366 000	349 000	182 000	0
Dividends	0	0	0	0
Other Current Debt	227 000	219 000	28 000	0
Total Current Debt	4 347 000	859 000	311 000	42 000
Total Equity and Debt	4 574 000	1 132 000	534 000	81 000

Financial indicators	2022	2021	2020	2019
Return on Equity	−20,26 %	18,32 %	82,51 %	23,08 %
Debt-to-Equity Ratio	0	0	0	0
Operating Profit Margin	−0,74 %	1,33 %	16,5 %	28,21 %
Current Ratio	1,05	1,31	1,66	1,21
Quick Ratio	1,05	1,31	1,66	1,21
Equity Ratio	0,05	0,24	0,42	0,48
Gross Profit Margin	67,81 %	63,88 %	67,96 %	87,18 %