DIGITREAD CONNECT AS

1337 SANDVIKA

Finances

Share Ownership

Return on Equity

69,36 %

Current Ratio

0,19

Debt-to-Equity Ratio

−1,47

Key figures (NOK)	2022	2021	2020
Revenue	3 564 000	2 108 000	882 000
Net Income	−3 832 000	−1 787 000	60 000
Total Assets	6 030 000	6 506 000	114 000
Total Equity	−5 525 000	−1 696 000	90 000

Income (NOK)	2022	2021	2020
Revenue	3 564 000	2 108 000	882 000
Expenditure	6 997 000	3 769 000	805 000
Operating Profit	−3 434 000	−1 662 000	77 000
Financial Income	3 000	0	0
Financial Costs	400 000	125 000	0
Financial Balance	−397 000	−125 000	0
Earnings Before Tax	−3 832 000	−1 787 000	77 000
Tax	0	0	17 000
Net Income	−3 832 000	−1 787 000	60 000

Balance (NOK)	2022	2021	2020
Total Fixed Assets	5 365 000	6 064 000	84 000
Total Current Assets	665 000	442 000	30 000
Total Assets	6 030 000	6 506 000	114 000
Total Retained Equity	−5 558 000	−1 726 000	60 000
Total Equity	−5 525 000	−1 696 000	90 000
Total Long-Term Debt	8 135 000	6 541 000	0
Total Current Debt	3 420 000	1 661 000	24 000
Total Equity and Debt	6 030 000	6 506 000	114 000

Cash flow (NOK)	2022	2021	2020
Sales Income	3 564 000	2 108 000	882 000
Other Income	0	0	0
Revenue	3 564 000	2 108 000	882 000
Cost of Goods Sold	565 000	400 000	0
Salary Costs	4 086 000	1 592 000	0
Depreciation	671 000	580 000	0
Impairment	0	0	0
Expenditure	6 997 000	3 769 000	805 000
Operating Profit	−3 434 000	−1 662 000	77 000
Financial Income	3 000	0	0
Financial Costs	400 000	125 000	0
Financial Balance	−397 000	−125 000	0
Dividends	0	0	0
Net Income	−3 832 000	−1 787 000	60 000

Balance details (NOK)	2022	2021	2020
Goodwill	0	0	0
Total Intangible Assets	5 340 000	6 004 000	0
Real Eastate	0	0	0
Machinery and Plant Facilities	0	0	0
Fixtures	24 000	31 000	0
Total Tangible Assets	24 000	31 000	0
Total Fiancial Fixed Assets	0	30 000	84 000
Total Fixed Assets	5 365 000	6 064 000	84 000
Stock	0	0	0
Total Investments	0	0	0
Cash, Bank	132 000	126 000	30 000
Total Current Assets	665 000	442 000	30 000
Total Assets	6 030 000	6 506 000	114 000
Total Equity	−5 525 000	−1 696 000	90 000
Short-Term Group Debt	0	0	0
Total Long-Term Debt	8 135 000	6 541 000	0
Creditors	149 000	276 000	0
Unpaid Taxes	397 000	180 000	7 000
Dividends	0	0	0
Other Current Debt	2 874 000	1 205 000	0
Total Current Debt	3 420 000	1 661 000	24 000
Total Equity and Debt	6 030 000	6 506 000	114 000

Financial indicators	2022	2021	2020
Return on Equity	69,36 %	105,37 %	66,67 %
Debt-to-Equity Ratio	−1,47	−3,86	0
Operating Profit Margin	−96,35 %	−78,84 %	8,73 %
Current Ratio	0,19	0,27	1,25
Quick Ratio	0,19	0,27	1,25
Equity Ratio	−0,92	−0,26	0,79
Gross Profit Margin	84,15 %	81,02 %	100 %