CANNONBALL AS

5035 BERGEN

Finances

Return on Equity

118,84 %

Current Ratio

1,1

Debt-to-Equity Ratio

Key figures (NOK)	2022	2021	2020
Revenue	1 279 000	1 125 000	260 000
Net Income	82 000	−52 000	14 000
Total Assets	320 000	432 000	55 000
Total Equity	69 000	−14 000	39 000

Income (NOK)	2022	2021	2020
Revenue	1 279 000	1 125 000	260 000
Expenditure	1 358 000	1 176 000	242 000
Operating Profit	−79 000	−52 000	18 000
Financial Income	167 000	0	0
Financial Costs	1 000	0	0
Financial Balance	166 000	0	0
Earnings Before Tax	87 000	−52 000	18 000
Tax	5 000	0	4 000
Net Income	82 000	−52 000	14 000

Balance (NOK)	2022	2021	2020
Total Fixed Assets	44 000	99 000	0
Total Current Assets	276 000	333 000	55 000
Total Assets	320 000	432 000	55 000
Total Retained Equity	39 000	−38 000	14 000
Total Equity	69 000	−14 000	39 000
Total Long-Term Debt	0	0	0
Total Current Debt	252 000	446 000	16 000
Total Equity and Debt	320 000	432 000	55 000

Cash flow (NOK)	2022	2021	2020
Sales Income	1 276 000	1 125 000	260 000
Other Income	3 000	0	0
Revenue	1 279 000	1 125 000	260 000
Cost of Goods Sold	496 000	224 000	59 000
Salary Costs	445 000	513 000	0
Depreciation	3 000	10 000	0
Impairment	0	0	0
Expenditure	1 358 000	1 176 000	242 000
Operating Profit	−79 000	−52 000	18 000
Financial Income	167 000	0	0
Financial Costs	1 000	0	0
Financial Balance	166 000	0	0
Dividends	0	0	0
Net Income	82 000	−52 000	14 000

Balance details (NOK)	2022	2021	2020
Goodwill	0	0	0
Total Intangible Assets	0	0	0
Real Eastate	44 000	47 000	0
Machinery and Plant Facilities	0	0	0
Fixtures	0	52 000	0
Total Tangible Assets	44 000	99 000	0
Total Fiancial Fixed Assets	0	0	0
Total Fixed Assets	44 000	99 000	0
Stock	0	0	0
Total Investments	100 000	250 000	0
Cash, Bank	130 000	48 000	55 000
Total Current Assets	276 000	333 000	55 000
Total Assets	320 000	432 000	55 000
Total Equity	69 000	−14 000	39 000
Short-Term Group Debt	0	0	0
Total Long-Term Debt	0	0	0
Creditors	8 000	131 000	0
Unpaid Taxes	46 000	111 000	−5 000
Dividends	0	0	0
Other Current Debt	191 000	202 000	17 000
Total Current Debt	252 000	446 000	16 000
Total Equity and Debt	320 000	432 000	55 000

Financial indicators	2022	2021	2020
Return on Equity	118,84 %	371,43 %	35,9 %
Debt-to-Equity Ratio	0	−0	0
Operating Profit Margin	−6,18 %	−4,62 %	6,92 %
Current Ratio	1,1	0,75	3,44
Quick Ratio	1,1	0,75	3,44
Equity Ratio	0,22	−0,03	0,71
Gross Profit Margin	61,22 %	80,09 %	77,31 %