VISUAL ELEMENTS AS

5008 BERGEN

Finances

Share Ownership

Return on Equity

−9,33 %

Current Ratio

3,68

Debt-to-Equity Ratio

Key figures (NOK)	2022	2021	2020	2019
Revenue	3 693 000	3 194 000	1 740 000	0
Net Income	−1 158 000	−2 997 000	−819 000	−20 000
Total Assets	15 486 000	4 280 000	2 522 000	100 000
Total Equity	12 410 000	−1 432 000	−755 000	74 000

Income (NOK)	2022	2021	2020	2019
Revenue	3 693 000	3 194 000	1 740 000	0
Expenditure	4 798 000	6 156 000	2 492 000	20 000
Operating Profit	−1 105 000	−2 963 000	−751 000	−20 000
Financial Income	41 000	10 000	9 000	0
Financial Costs	93 000	44 000	77 000	0
Financial Balance	−52 000	−34 000	−68 000	0
Earnings Before Tax	−1 158 000	−2 997 000	−819 000	−20 000
Tax	0	0	0	0
Net Income	−1 158 000	−2 997 000	−819 000	−20 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	4 162 000	798 000	899 000	0
Total Current Assets	11 325 000	3 482 000	1 623 000	100 000
Total Assets	15 486 000	4 280 000	2 522 000	100 000
Total Retained Equity	0	−1 926 000	−839 000	−20 000
Total Equity	12 410 000	−1 432 000	−755 000	74 000
Total Long-Term Debt	0	3 849 000	2 020 000	0
Total Current Debt	3 076 000	1 863 000	1 257 000	26 000
Total Equity and Debt	15 486 000	4 280 000	2 522 000	100 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	3 693 000	3 194 000	1 740 000	0
Other Income	0	0	0	0
Revenue	3 693 000	3 194 000	1 740 000	0
Cost of Goods Sold	36 000	0	0	0
Salary Costs	1 838 000	2 944 000	1 502 000	0
Depreciation	586 000	327 000	225 000	0
Impairment	0	0	0	0
Expenditure	4 798 000	6 156 000	2 492 000	20 000
Operating Profit	−1 105 000	−2 963 000	−751 000	−20 000
Financial Income	41 000	10 000	9 000	0
Financial Costs	93 000	44 000	77 000	0
Financial Balance	−52 000	−34 000	−68 000	0
Dividends	0	0	0	0
Net Income	−1 158 000	−2 997 000	−819 000	−20 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	4 101 000	765 000	887 000	0
Real Eastate	0	0	0	0
Machinery and Plant Facilities	0	0	0	0
Fixtures	60 000	33 000	13 000	0
Total Tangible Assets	60 000	33 000	13 000	0
Total Fiancial Fixed Assets	0	0	0	0
Total Fixed Assets	4 162 000	798 000	899 000	0
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	10 843 000	3 206 000	1 122 000	100 000
Total Current Assets	11 325 000	3 482 000	1 623 000	100 000
Total Assets	15 486 000	4 280 000	2 522 000	100 000
Total Equity	12 410 000	−1 432 000	−755 000	74 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	0	3 849 000	2 020 000	0
Creditors	597 000	16 000	371 000	0
Unpaid Taxes	338 000	262 000	175 000	0
Dividends	0	0	0	0
Other Current Debt	2 141 000	1 585 000	711 000	26 000
Total Current Debt	3 076 000	1 863 000	1 257 000	26 000
Total Equity and Debt	15 486 000	4 280 000	2 522 000	100 000

Financial indicators	2022	2021	2020	2019
Return on Equity	−9,33 %	209,29 %	108,48 %	−27,03 %
Debt-to-Equity Ratio	0	−2,69	−2,68	0
Operating Profit Margin	−29,92 %	−92,77 %	−43,16 %	-
Current Ratio	3,68	1,87	1,29	3,85
Quick Ratio	3,68	1,87	1,29	3,85
Equity Ratio	0,8	−0,33	−0,3	0,74
Gross Profit Margin	99,03 %	100 %	100 %	-