ACCEND AS

1606 FREDRIKSTAD

Finances

Share Ownership

Return on Equity

173,14 %

Current Ratio

1,11

Debt-to-Equity Ratio

Key figures (NOK)	2022	2021	2020
Revenue	37 912 000	3 214 000	547 000
Net Income	2 753 000	14 000	−7 000
Total Assets	16 241 000	748 000	194 000
Total Equity	1 590 000	37 000	23 000

Income (NOK)	2022	2021	2020
Revenue	37 912 000	3 214 000	547 000
Expenditure	34 062 000	3 176 000	552 000
Operating Profit	3 850 000	38 000	−4 000
Financial Income	320 000	19 000	0
Financial Costs	638 000	41 000	3 000
Financial Balance	−318 000	−22 000	−3 000
Earnings Before Tax	3 532 000	16 000	−7 000
Tax	778 000	2 000	0
Net Income	2 753 000	14 000	−7 000

Balance (NOK)	2022	2021	2020
Total Fixed Assets	0	0	0
Total Current Assets	16 241 000	748 000	194 000
Total Assets	16 241 000	748 000	194 000
Total Retained Equity	1 560 000	7 000	−7 000
Total Equity	1 590 000	37 000	23 000
Total Long-Term Debt	1 000	0	0
Total Current Debt	14 650 000	711 000	170 000
Total Equity and Debt	16 241 000	748 000	194 000

Cash flow (NOK)	2022	2021	2020
Sales Income	37 912 000	3 214 000	547 000
Other Income	0	0	0
Revenue	37 912 000	3 214 000	547 000
Cost of Goods Sold	31 257 000	1 819 000	128 000
Salary Costs	1 045 000	932 000	263 000
Depreciation	0	0	0
Impairment	0	0	0
Expenditure	34 062 000	3 176 000	552 000
Operating Profit	3 850 000	38 000	−4 000
Financial Income	320 000	19 000	0
Financial Costs	638 000	41 000	3 000
Financial Balance	−318 000	−22 000	−3 000
Dividends	1 200 000	0	0
Net Income	2 753 000	14 000	−7 000

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	0	0	0
Total Tangible Assets	0	0	0
Total Fiancial Fixed Assets	0	0	0
Total Fixed Assets	0	0	0
Stock	0	0	0
Total Investments	0	0	0
Cash, Bank	8 926 000	746 000	142 000
Total Current Assets	16 241 000	748 000	194 000
Total Assets	16 241 000	748 000	194 000
Total Equity	1 590 000	37 000	23 000
Short-Term Group Debt	0	0	0
Total Long-Term Debt	1 000	0	0
Creditors	1 776 000	18 000	94 000
Unpaid Taxes	78 000	127 000	48 000
Dividends	1 200 000	0	0
Other Current Debt	10 823 000	564 000	28 000
Total Current Debt	14 650 000	711 000	170 000
Total Equity and Debt	16 241 000	748 000	194 000

Financial indicators	2022	2021	2020
Return on Equity	173,14 %	37,84 %	−30,43 %
Debt-to-Equity Ratio	0	0	0
Operating Profit Margin	10,16 %	1,18 %	−0,73 %
Current Ratio	1,11	1,05	1,14
Quick Ratio	1,11	1,05	1,14
Equity Ratio	0,1	0,05	0,12
Gross Profit Margin	17,55 %	43,4 %	76,6 %