MADE IN CANVAS AS

1392 VETTRE

Finances

Share Ownership

Return on Equity

151,9 %

Current Ratio

1,08

Debt-to-Equity Ratio

−2,97

Key figures (NOK)	2022	2021	2020
Revenue	1 647 000	1 634 000	1 209 000
Net Income	−120 000	−4 000	8 000
Total Assets	608 000	299 000	146 000
Total Equity	−79 000	41 000	45 000

Income (NOK)	2022	2021	2020
Revenue	1 647 000	1 634 000	1 209 000
Expenditure	1 748 000	1 632 000	1 189 000
Operating Profit	−101 000	2 000	21 000
Financial Income	0	0	0
Financial Costs	21 000	5 000	11 000
Financial Balance	−21 000	−5 000	−11 000
Earnings Before Tax	−121 000	−4 000	11 000
Tax	−2 000	0	2 000
Net Income	−120 000	−4 000	8 000

Balance (NOK)	2022	2021	2020
Total Fixed Assets	119 000	36 000	57 000
Total Current Assets	489 000	263 000	89 000
Total Assets	608 000	299 000	146 000
Total Retained Equity	−109 000	11 000	15 000
Total Equity	−79 000	41 000	45 000
Total Long-Term Debt	235 000	0	0
Total Current Debt	452 000	257 000	101 000
Total Equity and Debt	608 000	299 000	146 000

Cash flow (NOK)	2022	2021	2020
Sales Income	1 647 000	1 634 000	1 209 000
Other Income	0	0	0
Revenue	1 647 000	1 634 000	1 209 000
Cost of Goods Sold	311 000	426 000	351 000
Salary Costs	1 009 000	824 000	428 000
Depreciation	33 000	21 000	19 000
Impairment	0	0	0
Expenditure	1 748 000	1 632 000	1 189 000
Operating Profit	−101 000	2 000	21 000
Financial Income	0	0	0
Financial Costs	21 000	5 000	11 000
Financial Balance	−21 000	−5 000	−11 000
Dividends	0	0	0
Net Income	−120 000	−4 000	8 000

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	14 000	36 000	57 000
Fixtures	104 000	0	0
Total Tangible Assets	118 000	36 000	57 000
Total Fiancial Fixed Assets	1 000	0	0
Total Fixed Assets	119 000	36 000	57 000
Stock	330 000	130 000	15 000
Total Investments	0	0	0
Cash, Bank	106 000	117 000	59 000
Total Current Assets	489 000	263 000	89 000
Total Assets	608 000	299 000	146 000
Total Equity	−79 000	41 000	45 000
Short-Term Group Debt	0	0	0
Total Long-Term Debt	235 000	0	0
Creditors	152 000	57 000	32 000
Unpaid Taxes	82 000	92 000	65 000
Dividends	0	0	0
Other Current Debt	218 000	92 000	−14 000
Total Current Debt	452 000	257 000	101 000
Total Equity and Debt	608 000	299 000	146 000

Financial indicators	2022	2021	2020
Return on Equity	151,9 %	−9,76 %	17,78 %
Debt-to-Equity Ratio	−2,97	0	0
Operating Profit Margin	−6,13 %	0,12 %	1,74 %
Current Ratio	1,08	1,02	0,88
Quick Ratio	4,01	2,07	1,03
Equity Ratio	−0,13	0,14	0,31
Gross Profit Margin	81,12 %	73,93 %	70,97 %