NORDIC SAUNAS AS

0564 OSLO

Finances

Share Ownership

Return on Equity

41,68 %

Current Ratio

−0,19

Debt-to-Equity Ratio

−0,81

Key figures (NOK)	2021	2020	2019
Revenue	1 599 000	1 592 000	164 000
Net Income	−393 000	−547 000	−3 000
Total Assets	764 000	478 000	56 000
Total Equity	−943 000	−521 000	27 000

Income (NOK)	2021	2020	2019
Revenue	1 599 000	1 592 000	164 000
Expenditure	1 991 000	2 140 000	168 000
Operating Profit	−392 000	−547 000	−3 000
Financial Income	0	0	0
Financial Costs	1 000	0	0
Financial Balance	−1 000	0	0
Earnings Before Tax	−393 000	−547 000	−3 000
Tax	0	0	0
Net Income	−393 000	−547 000	−3 000

Balance (NOK)	2021	2020	2019
Total Fixed Assets	947 000	456 000	0
Total Current Assets	−183 000	22 000	56 000
Total Assets	764 000	478 000	56 000
Total Retained Equity	−943 000	−551 000	−3 000
Total Equity	−943 000	−521 000	27 000
Total Long-Term Debt	766 000	80 000	0
Total Current Debt	941 000	919 000	29 000
Total Equity and Debt	764 000	478 000	56 000

Cash flow (NOK)	2021	2020	2019
Sales Income	1 125 000	1 285 000	164 000
Other Income	475 000	307 000	0
Revenue	1 599 000	1 592 000	164 000
Cost of Goods Sold	60 000	107 000	7 000
Salary Costs	662 000	639 000	0
Depreciation	360 000	100 000	0
Impairment	0	0	0
Expenditure	1 991 000	2 140 000	168 000
Operating Profit	−392 000	−547 000	−3 000
Financial Income	0	0	0
Financial Costs	1 000	0	0
Financial Balance	−1 000	0	0
Dividends	0	0	0
Net Income	−393 000	−547 000	−3 000

Balance details (NOK)	2021	2020	2019
Goodwill	0	0	0
Total Intangible Assets	0	0	0
Real Eastate	1 110 000	460 000	0
Machinery and Plant Facilities	0	0	0
Fixtures	337 000	496 000	0
Total Tangible Assets	1 447 000	956 000	0
Total Fiancial Fixed Assets	−500 000	−500 000	0
Total Fixed Assets	947 000	456 000	0
Stock	0	0	0
Total Investments	0	0	0
Cash, Bank	−30 000	−55 000	24 000
Total Current Assets	−183 000	22 000	56 000
Total Assets	764 000	478 000	56 000
Total Equity	−943 000	−521 000	27 000
Short-Term Group Debt	0	0	0
Total Long-Term Debt	766 000	80 000	0
Creditors	668 000	638 000	0
Unpaid Taxes	−22 000	−24 000	29 000
Dividends	0	0	0
Other Current Debt	290 000	301 000	0
Total Current Debt	941 000	919 000	29 000
Total Equity and Debt	764 000	478 000	56 000

Financial indicators	2021	2020	2019
Return on Equity	41,68 %	104,99 %	−11,11 %
Debt-to-Equity Ratio	−0,81	−0,15	0
Operating Profit Margin	−24,52 %	−34,36 %	−1,83 %
Current Ratio	−0,19	0,02	1,93
Quick Ratio	−0,19	0,02	1,93
Equity Ratio	−1,23	−1,09	0,48
Gross Profit Margin	96,25 %	93,28 %	95,73 %