SHIFT ELECTRIC MOBILITY NORWAY AS

0666 OSLO

Finances

Share Ownership

Return on Equity

69,3 %

Current Ratio

1,36

Debt-to-Equity Ratio

0,01

Key figures (NOK)	2022	2021	2020
Revenue	15 532 000	10 519 000	2 511 000
Net Income	869 000	13 000	341 000
Total Assets	4 129 000	2 874 000	1 403 000
Total Equity	1 254 000	384 000	372 000

Income (NOK)	2022	2021	2020
Revenue	15 532 000	10 519 000	2 511 000
Expenditure	14 398 000	10 464 000	2 049 000
Operating Profit	1 135 000	56 000	462 000
Financial Income	1 000	2 000	11 000
Financial Costs	13 000	42 000	38 000
Financial Balance	−12 000	−40 000	−27 000
Earnings Before Tax	1 123 000	16 000	436 000
Tax	254 000	4 000	95 000
Net Income	869 000	13 000	341 000

Balance (NOK)	2022	2021	2020
Total Fixed Assets	240 000	334 000	393 000
Total Current Assets	3 890 000	2 540 000	1 009 000
Total Assets	4 129 000	2 874 000	1 403 000
Total Retained Equity	1 224 000	354 000	342 000
Total Equity	1 254 000	384 000	372 000
Total Long-Term Debt	15 000	244 000	336 000
Total Current Debt	2 860 000	2 246 000	695 000
Total Equity and Debt	4 129 000	2 874 000	1 403 000

Cash flow (NOK)	2022	2021	2020
Sales Income	15 532 000	10 519 000	2 511 000
Other Income	0	0	0
Revenue	15 532 000	10 519 000	2 511 000
Cost of Goods Sold	10 098 000	6 753 000	255 000
Salary Costs	3 440 000	2 950 000	1 367 000
Depreciation	95 000	94 000	46 000
Impairment	0	0	0
Expenditure	14 398 000	10 464 000	2 049 000
Operating Profit	1 135 000	56 000	462 000
Financial Income	1 000	2 000	11 000
Financial Costs	13 000	42 000	38 000
Financial Balance	−12 000	−40 000	−27 000
Dividends	0	0	0
Net Income	869 000	13 000	341 000

Balance details (NOK)	2022	2021	2020
Goodwill	0	0	0
Total Intangible Assets	0	0	0
Real Eastate	0	0	0
Machinery and Plant Facilities	0	0	0
Fixtures	240 000	334 000	393 000
Total Tangible Assets	240 000	334 000	393 000
Total Fiancial Fixed Assets	0	0	0
Total Fixed Assets	240 000	334 000	393 000
Stock	137 000	715 000	0
Total Investments	0	0	0
Cash, Bank	1 464 000	420 000	421 000
Total Current Assets	3 890 000	2 540 000	1 009 000
Total Assets	4 129 000	2 874 000	1 403 000
Total Equity	1 254 000	384 000	372 000
Short-Term Group Debt	0	0	300 000
Total Long-Term Debt	15 000	244 000	336 000
Creditors	1 668 000	1 678 000	110 000
Unpaid Taxes	608 000	437 000	116 000
Dividends	0	0	0
Other Current Debt	330 000	128 000	91 000
Total Current Debt	2 860 000	2 246 000	695 000
Total Equity and Debt	4 129 000	2 874 000	1 403 000

Financial indicators	2022	2021	2020
Return on Equity	69,3 %	3,39 %	91,67 %
Debt-to-Equity Ratio	0,01	0,64	0,9
Operating Profit Margin	7,31 %	0,53 %	18,4 %
Current Ratio	1,36	1,13	1,45
Quick Ratio	1,43	1,66	1,45
Equity Ratio	0,3	0,13	0,27
Gross Profit Margin	34,99 %	35,8 %	89,84 %