EMPIRE ATHLETICS AS

6080 GURSKØY

Finances

Share Ownership

Return on Equity

103,1 %

Current Ratio

2,35

Debt-to-Equity Ratio

−2,07

Key figures (NOK)	2022	2021	2020	2019
Revenue	157 000	127 000	15 000	0
Net Income	−333 000	−384 000	−124 000	−8 000
Total Assets	588 000	411 000	77 000	73 000
Total Equity	−323 000	−335 000	−99 000	25 000

Income (NOK)	2022	2021	2020	2019
Revenue	157 000	127 000	15 000	0
Expenditure	470 000	502 000	128 000	10 000
Operating Profit	−313 000	−375 000	−113 000	−10 000
Financial Income	1 000	0	0	0
Financial Costs	20 000	9 000	9 000	0
Financial Balance	−19 000	−9 000	−9 000	0
Earnings Before Tax	−333 000	−384 000	−122 000	−10 000
Tax	0	0	2 000	−2 000
Net Income	−333 000	−384 000	−124 000	−8 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	16 000	0	0	2 000
Total Current Assets	572 000	411 000	77 000	71 000
Total Assets	588 000	411 000	77 000	73 000
Total Retained Equity	−823 000	−515 000	−132 000	−8 000
Total Equity	−323 000	−335 000	−99 000	25 000
Total Long-Term Debt	668 000	498 000	0	0
Total Current Debt	243 000	248 000	176 000	48 000
Total Equity and Debt	588 000	411 000	77 000	73 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	135 000	94 000	0	0
Other Income	22 000	33 000	15 000	0
Revenue	157 000	127 000	15 000	0
Cost of Goods Sold	137 000	280 000	39 000	0
Salary Costs	0	0	0	0
Depreciation	0	0	0	0
Impairment	0	0	0	0
Expenditure	470 000	502 000	128 000	10 000
Operating Profit	−313 000	−375 000	−113 000	−10 000
Financial Income	1 000	0	0	0
Financial Costs	20 000	9 000	9 000	0
Financial Balance	−19 000	−9 000	−9 000	0
Dividends	0	0	0	0
Net Income	−333 000	−384 000	−124 000	−8 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	0	0	0	2 000
Real Eastate	0	0	0	0
Machinery and Plant Facilities	0	0	0	0
Fixtures	16 000	0	0	0
Total Tangible Assets	16 000	0	0	0
Total Fiancial Fixed Assets	0	0	0	0
Total Fixed Assets	16 000	0	0	2 000
Stock	556 000	377 000	30 000	0
Total Investments	0	0	0	0
Cash, Bank	12 000	18 000	3 000	54 000
Total Current Assets	572 000	411 000	77 000	71 000
Total Assets	588 000	411 000	77 000	73 000
Total Equity	−323 000	−335 000	−99 000	25 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	668 000	498 000	0	0
Creditors	27 000	49 000	4 000	0
Unpaid Taxes	0	0	0	0
Dividends	0	0	0	0
Other Current Debt	0	0	291 000	48 000
Total Current Debt	243 000	248 000	176 000	48 000
Total Equity and Debt	588 000	411 000	77 000	73 000

Financial indicators	2022	2021	2020	2019
Return on Equity	103,1 %	114,63 %	125,25 %	−32 %
Debt-to-Equity Ratio	−2,07	−1,49	−0	0
Operating Profit Margin	−199,36 %	−295,28 %	−753,33 %	-
Current Ratio	2,35	1,66	0,44	1,48
Quick Ratio	−1,83	−3,19	0,53	1,48
Equity Ratio	−0,55	−0,82	−1,29	0,34
Gross Profit Margin	12,74 %	−120,47 %	−160 %	-