RINGVEGEN 90 AS

3044 DRAMMEN

Finances

Share Ownership

Return on Equity

−59,13 %

Current Ratio

1,58

Debt-to-Equity Ratio

9,2

Key figures (NOK)	2022	2021	2020
Revenue	640 000	470 000	1 700 000
Net Income	−1 065 000	−490 000	747 000
Total Assets	19 477 000	5 051 000	23 003 000
Total Equity	1 801 000	1 767 000	8 323 000

Income (NOK)	2022	2021	2020
Revenue	640 000	470 000	1 700 000
Expenditure	1 562 000	940 000	705 000
Operating Profit	−922 000	−470 000	995 000
Financial Income	1 000	0	1 000
Financial Costs	447 000	0	41 000
Financial Balance	−446 000	0	−40 000
Earnings Before Tax	−1 368 000	−470 000	955 000
Tax	−303 000	21 000	208 000
Net Income	−1 065 000	−490 000	747 000

Balance (NOK)	2022	2021	2020
Total Fixed Assets	17 719 000	5 036 000	3 840 000
Total Current Assets	1 759 000	15 000	19 163 000
Total Assets	19 477 000	5 051 000	23 003 000
Total Retained Equity	0	0	0
Total Equity	1 801 000	1 767 000	8 323 000
Total Long-Term Debt	16 564 000	2 639 000	2 299 000
Total Current Debt	1 112 000	645 000	12 381 000
Total Equity and Debt	19 477 000	5 051 000	23 003 000

Cash flow (NOK)	2022	2021	2020
Sales Income	640 000	470 000	0
Other Income	0	0	1 700 000
Revenue	640 000	470 000	1 700 000
Cost of Goods Sold	0	0	0
Salary Costs	0	0	0
Depreciation	11 000	11 000	11 000
Impairment	0	0	0
Expenditure	1 562 000	940 000	705 000
Operating Profit	−922 000	−470 000	995 000
Financial Income	1 000	0	1 000
Financial Costs	447 000	0	41 000
Financial Balance	−446 000	0	−40 000
Dividends	0	0	0
Net Income	−1 065 000	−490 000	747 000

Balance details (NOK)	2022	2021	2020
Goodwill	0	0	0
Total Intangible Assets	0	0	0
Real Eastate	17 638 000	4 947 000	3 742 000
Machinery and Plant Facilities	0	0	0
Fixtures	80 000	89 000	98 000
Total Tangible Assets	17 719 000	5 036 000	3 840 000
Total Fiancial Fixed Assets	0	0	0
Total Fixed Assets	17 719 000	5 036 000	3 840 000
Stock	0	0	0
Total Investments	0	0	0
Cash, Bank	313 000	15 000	8 646 000
Total Current Assets	1 759 000	15 000	19 163 000
Total Assets	19 477 000	5 051 000	23 003 000
Total Equity	1 801 000	1 767 000	8 323 000
Short-Term Group Debt	0	85 000	11 368 000
Total Long-Term Debt	16 564 000	2 639 000	2 299 000
Creditors	557 000	349 000	13 000
Unpaid Taxes	468 000	111 000	0
Dividends	0	0	0
Other Current Debt	88 000	100 000	0
Total Current Debt	1 112 000	645 000	12 381 000
Total Equity and Debt	19 477 000	5 051 000	23 003 000

Financial indicators	2022	2021	2020
Return on Equity	−59,13 %	−27,73 %	8,98 %
Debt-to-Equity Ratio	9,2	1,49	0,28
Operating Profit Margin	−144,06 %	−100 %	58,53 %
Current Ratio	1,58	0,02	1,55
Quick Ratio	1,58	0,02	1,55
Equity Ratio	0,09	0,35	0,36
Gross Profit Margin	100 %	100 %	100 %