XSECURE AS

9475 BORKENES

Finances

Share Ownership

Return on Equity

−181,28 %

Current Ratio

0,38

Debt-to-Equity Ratio

1,05

Key figures (NOK)	2022	2021	2020
Revenue	184 000	52 000	0
Net Income	−1 753 000	−668 000	−137 000
Total Assets	2 700 000	2 192 000	47 000
Total Equity	967 000	1 420 000	43 000

Income (NOK)	2022	2021	2020
Revenue	184 000	52 000	0
Expenditure	2 395 000	927 000	136 000
Operating Profit	−2 211 000	−874 000	−136 000
Financial Income	0	0	0
Financial Costs	37 000	21 000	1 000
Financial Balance	−37 000	−21 000	−1 000
Earnings Before Tax	−2 247 000	−895 000	−137 000
Tax	−494 000	−227 000	0
Net Income	−1 753 000	−668 000	−137 000

Balance (NOK)	2022	2021	2020
Total Fixed Assets	2 426 000	227 000	0
Total Current Assets	274 000	1 965 000	47 000
Total Assets	2 700 000	2 192 000	47 000
Total Retained Equity	−2 558 000	−805 000	−137 000
Total Equity	967 000	1 420 000	43 000
Total Long-Term Debt	1 017 000	721 000	0
Total Current Debt	716 000	51 000	5 000
Total Equity and Debt	2 700 000	2 192 000	47 000

Cash flow (NOK)	2022	2021	2020
Sales Income	184 000	52 000	0
Other Income	0	0	0
Revenue	184 000	52 000	0
Cost of Goods Sold	31 000	51 000	0
Salary Costs	901 000	320 000	0
Depreciation	0	0	0
Impairment	0	0	0
Expenditure	2 395 000	927 000	136 000
Operating Profit	−2 211 000	−874 000	−136 000
Financial Income	0	0	0
Financial Costs	37 000	21 000	1 000
Financial Balance	−37 000	−21 000	−1 000
Dividends	0	0	0
Net Income	−1 753 000	−668 000	−137 000

Balance details (NOK)	2022	2021	2020
Goodwill	0	0	0
Total Intangible Assets	2 104 000	227 000	0
Real Eastate	0	0	0
Machinery and Plant Facilities	0	0	0
Fixtures	323 000	0	0
Total Tangible Assets	323 000	0	0
Total Fiancial Fixed Assets	0	0	0
Total Fixed Assets	2 426 000	227 000	0
Stock	127 000	0	0
Total Investments	0	0	0
Cash, Bank	41 000	1 935 000	18 000
Total Current Assets	274 000	1 965 000	47 000
Total Assets	2 700 000	2 192 000	47 000
Total Equity	967 000	1 420 000	43 000
Short-Term Group Debt	0	0	0
Total Long-Term Debt	1 017 000	721 000	0
Creditors	224 000	15 000	2 000
Unpaid Taxes	143 000	2 000	0
Dividends	0	0	0
Other Current Debt	349 000	34 000	3 000
Total Current Debt	716 000	51 000	5 000
Total Equity and Debt	2 700 000	2 192 000	47 000

Financial indicators	2022	2021	2020
Return on Equity	−181,28 %	−47,04 %	−318,6 %
Debt-to-Equity Ratio	1,05	0,51	0
Operating Profit Margin	−1 201,63 %	−1 680,77 %	-
Current Ratio	0,38	38,53	9,4
Quick Ratio	0,47	38,53	9,4
Equity Ratio	0,36	0,65	0,91
Gross Profit Margin	83,15 %	1,92 %	-