ECONORDLAND AS

8008 BODØ

Finances

Share Ownership

Return on Equity

51,34 %

Current Ratio

1,4

Debt-to-Equity Ratio

0,16

Key figures (NOK)	2022	2021	2020
Revenue	108 057 000	71 284 000	39 509 000
Net Income	7 065 000	4 408 000	1 321 000
Total Assets	56 265 000	40 069 000	19 493 000
Total Equity	13 761 000	6 696 000	2 288 000

Income (NOK)	2022	2021	2020
Revenue	108 057 000	71 284 000	39 509 000
Expenditure	99 708 000	65 699 000	37 842 000
Operating Profit	8 348 000	5 585 000	1 668 000
Financial Income	714 000	72 000	16 000
Financial Costs	3 000	1 000	0
Financial Balance	711 000	71 000	16 000
Earnings Before Tax	9 059 000	5 655 000	1 684 000
Tax	1 994 000	1 247 000	363 000
Net Income	7 065 000	4 408 000	1 321 000

Balance (NOK)	2022	2021	2020
Total Fixed Assets	0	9 000	18 000
Total Current Assets	56 265 000	40 060 000	19 475 000
Total Assets	56 265 000	40 069 000	19 493 000
Total Retained Equity	12 761 000	5 696 000	1 288 000
Total Equity	13 761 000	6 696 000	2 288 000
Total Long-Term Debt	2 172 000	178 000	363 000
Total Current Debt	40 331 000	33 194 000	16 841 000
Total Equity and Debt	56 265 000	40 069 000	19 493 000

Cash flow (NOK)	2022	2021	2020
Sales Income	108 057 000	71 284 000	39 509 000
Other Income	0	0	0
Revenue	108 057 000	71 284 000	39 509 000
Cost of Goods Sold	85 806 000	51 912 000	31 026 000
Salary Costs	12 539 000	9 935 000	3 964 000
Depreciation	9 000	9 000	9 000
Impairment	0	0	0
Expenditure	99 708 000	65 699 000	37 842 000
Operating Profit	8 348 000	5 585 000	1 668 000
Financial Income	714 000	72 000	16 000
Financial Costs	3 000	1 000	0
Financial Balance	711 000	71 000	16 000
Dividends	0	0	0
Net Income	7 065 000	4 408 000	1 321 000

Balance details (NOK)	2022	2021	2020
Goodwill	0	0	0
Total Intangible Assets	0	0	0
Real Eastate	0	0	0
Machinery and Plant Facilities	0	0	0
Fixtures	0	9 000	18 000
Total Tangible Assets	0	9 000	18 000
Total Fiancial Fixed Assets	0	0	0
Total Fixed Assets	0	9 000	18 000
Stock	0	0	0
Total Investments	0	0	0
Cash, Bank	45 720 000	25 037 000	14 078 000
Total Current Assets	56 265 000	40 060 000	19 475 000
Total Assets	56 265 000	40 069 000	19 493 000
Total Equity	13 761 000	6 696 000	2 288 000
Short-Term Group Debt	0	0	0
Total Long-Term Debt	2 172 000	178 000	363 000
Creditors	7 693 000	5 891 000	2 628 000
Unpaid Taxes	1 885 000	3 400 000	1 305 000
Dividends	0	0	0
Other Current Debt	30 753 000	22 471 000	12 908 000
Total Current Debt	40 331 000	33 194 000	16 841 000
Total Equity and Debt	56 265 000	40 069 000	19 493 000

Financial indicators	2022	2021	2020
Return on Equity	51,34 %	65,83 %	57,74 %
Debt-to-Equity Ratio	0,16	0,03	0,16
Operating Profit Margin	7,73 %	7,83 %	4,22 %
Current Ratio	1,4	1,21	1,16
Quick Ratio	1,4	1,21	1,16
Equity Ratio	0,24	0,17	0,12
Gross Profit Margin	20,59 %	27,18 %	21,47 %