ECOFRIC AS

3484 HOLMSBU

Finances

Share Ownership

Return on Equity

9 008,16 %

Current Ratio

Debt-to-Equity Ratio

−30,61

Key figures (NOK)	2022	2021	2020
Revenue	1 057 000	2 291 000	165 000
Net Income	−4 414 000	−2 356 000	−456 000
Total Assets	2 872 000	1 626 000	235 000
Total Equity	−49 000	853 000	89 000

Income (NOK)	2022	2021	2020
Revenue	1 057 000	2 291 000	165 000
Expenditure	5 465 000	4 645 000	620 000
Operating Profit	−4 408 000	−2 354 000	−456 000
Financial Income	1 000	0	0
Financial Costs	8 000	2 000	0
Financial Balance	−7 000	−2 000	0
Earnings Before Tax	−4 414 000	−2 356 000	−456 000
Tax	0	0	0
Net Income	−4 414 000	−2 356 000	−456 000

Balance (NOK)	2022	2021	2020
Total Fixed Assets	30 000	47 000	40 000
Total Current Assets	2 842 000	1 578 000	195 000
Total Assets	2 872 000	1 626 000	235 000
Total Retained Equity	−2 561 000	−2 561 000	−206 000
Total Equity	−49 000	853 000	89 000
Total Long-Term Debt	1 500 000	0	0
Total Current Debt	1 420 000	773 000	147 000
Total Equity and Debt	2 872 000	1 626 000	235 000

Cash flow (NOK)	2022	2021	2020
Sales Income	32 000	68 000	0
Other Income	1 025 000	2 223 000	165 000
Revenue	1 057 000	2 291 000	165 000
Cost of Goods Sold	0	0	0
Salary Costs	4 128 000	3 814 000	239 000
Depreciation	18 000	14 000	0
Impairment	0	0	0
Expenditure	5 465 000	4 645 000	620 000
Operating Profit	−4 408 000	−2 354 000	−456 000
Financial Income	1 000	0	0
Financial Costs	8 000	2 000	0
Financial Balance	−7 000	−2 000	0
Dividends	0	0	0
Net Income	−4 414 000	−2 356 000	−456 000

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	30 000	47 000	40 000
Total Tangible Assets	30 000	47 000	40 000
Total Fiancial Fixed Assets	0	0	0
Total Fixed Assets	30 000	47 000	40 000
Stock	0	0	0
Total Investments	0	0	0
Cash, Bank	1 028 000	1 225 000	134 000
Total Current Assets	2 842 000	1 578 000	195 000
Total Assets	2 872 000	1 626 000	235 000
Total Equity	−49 000	853 000	89 000
Short-Term Group Debt	0	0	0
Total Long-Term Debt	1 500 000	0	0
Creditors	657 000	75 000	45 000
Unpaid Taxes	160 000	264 000	54 000
Dividends	0	0	0
Other Current Debt	564 000	434 000	48 000
Total Current Debt	1 420 000	773 000	147 000
Total Equity and Debt	2 872 000	1 626 000	235 000

Financial indicators	2022	2021	2020
Return on Equity	9 008,16 %	−276,2 %	−512,36 %
Debt-to-Equity Ratio	−30,61	0	0
Operating Profit Margin	−417,03 %	−102,75 %	−276,36 %
Current Ratio	2	2,04	1,33
Quick Ratio	2	2,04	1,33
Equity Ratio	−0,02	0,52	0,38
Gross Profit Margin	100 %	100 %	100 %