PANGHEA NORDIC AS

7014 TRONDHEIM

Finances

Share Ownership

Return on Equity

47,42 %

Current Ratio

3,62

Debt-to-Equity Ratio

Key figures (NOK)	2022	2021	2020	2019
Revenue	263 696 000	81 950 000	1 883 000	0
Net Income	900 000	193 000	0	0
Total Assets	2 622 000	1 800 000	819 000	804 000
Total Equity	1 898 000	998 000	804 000	804 000

Income (NOK)	2022	2021	2020
Revenue	263 696 000	81 950 000	1 883 000
Expenditure	262 655 000	81 449 000	1 866 000
Operating Profit	1 041 000	501 000	18 000
Financial Income	115 000	0	19 000
Financial Costs	1 000	253 000	36 000
Financial Balance	114 000	−253 000	−17 000
Earnings Before Tax	1 154 000	248 000	1 000
Tax	254 000	55 000	0
Net Income	900 000	193 000	0

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	0	0	0	804 000
Total Current Assets	2 622 000	1 800 000	819 000	0
Total Assets	2 622 000	1 800 000	819 000	804 000
Total Retained Equity	1 094 000	194 000	0	0
Total Equity	1 898 000	998 000	804 000	804 000
Total Long-Term Debt	0	0	0	0
Total Current Debt	724 000	802 000	14 000	0
Total Equity and Debt	2 622 000	1 800 000	819 000	804 000

Cash flow (NOK)	2022	2021	2020
Sales Income	263 696 000	81 567 000	1 883 000
Other Income	0	384 000	0
Revenue	263 696 000	81 950 000	1 883 000
Cost of Goods Sold	260 859 000	79 693 000	1 835 000
Salary Costs	0	0	0
Depreciation	0	0	0
Impairment	0	0	0
Expenditure	262 655 000	81 449 000	1 866 000
Operating Profit	1 041 000	501 000	18 000
Financial Income	115 000	0	19 000
Financial Costs	1 000	253 000	36 000
Financial Balance	114 000	−253 000	−17 000
Dividends	0	0	0
Net Income	900 000	193 000	0

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	0	0	0
Total Tangible Assets	0	0	0	0
Total Fiancial Fixed Assets	0	0	0	804 000
Total Fixed Assets	0	0	0	804 000
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	1 274 000	879 000	367 000	0
Total Current Assets	2 622 000	1 800 000	819 000	0
Total Assets	2 622 000	1 800 000	819 000	804 000
Total Equity	1 898 000	998 000	804 000	804 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	0	0	0	0
Creditors	470 000	729 000	14 000	0
Unpaid Taxes	0	0	0	0
Dividends	0	0	0	0
Other Current Debt	0	18 000	0	0
Total Current Debt	724 000	802 000	14 000	0
Total Equity and Debt	2 622 000	1 800 000	819 000	804 000

Financial indicators	2022	2021	2020	2019
Return on Equity	47,42 %	19,34 %	0 %	0 %
Debt-to-Equity Ratio	0	0	0	0
Operating Profit Margin	0,39 %	0,61 %	0,96 %	-
Current Ratio	3,62	2,24	58,5	-
Quick Ratio	3,62	2,24	58,5	-
Equity Ratio	0,72	0,55	0,98	1
Gross Profit Margin	1,08 %	2,75 %	2,55 %	-