MICRONATION AS

1363 HØVIK

Finances

Return on Equity

89,29 %

Current Ratio

0,43

Debt-to-Equity Ratio

−0

Key figures (NOK)	2022	2021	2020
Revenue	144 000	463 000	310 000
Net Income	−350 000	−200 000	133 000
Total Assets	342 000	164 000	277 000
Total Equity	−392 000	−42 000	158 000

Income (NOK)	2022	2021	2020
Revenue	144 000	463 000	310 000
Expenditure	495 000	663 000	140 000
Operating Profit	−350 000	−200 000	170 000
Financial Income	0	0	0
Financial Costs	0	0	1 000
Financial Balance	0	0	−1 000
Earnings Before Tax	−350 000	−200 000	169 000
Tax	0	0	36 000
Net Income	−350 000	−200 000	133 000

Balance (NOK)	2022	2021	2020
Total Fixed Assets	25 000	0	0
Total Current Assets	317 000	164 000	277 000
Total Assets	342 000	164 000	277 000
Total Retained Equity	−417 000	−67 000	133 000
Total Equity	−392 000	−42 000	158 000
Total Long-Term Debt	0	0	0
Total Current Debt	734 000	206 000	120 000
Total Equity and Debt	342 000	164 000	277 000

Cash flow (NOK)	2022	2021	2020
Sales Income	2 000	463 000	310 000
Other Income	143 000	0	0
Revenue	144 000	463 000	310 000
Cost of Goods Sold	15 000	61 000	102 000
Salary Costs	320 000	449 000	0
Depreciation	13 000	0	0
Impairment	0	0	0
Expenditure	495 000	663 000	140 000
Operating Profit	−350 000	−200 000	170 000
Financial Income	0	0	0
Financial Costs	0	0	1 000
Financial Balance	0	0	−1 000
Dividends	0	0	0
Net Income	−350 000	−200 000	133 000

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	25 000	0	0
Total Tangible Assets	25 000	0	0
Total Fiancial Fixed Assets	0	0	0
Total Fixed Assets	25 000	0	0
Stock	0	0	0
Total Investments	122 000	122 000	100 000
Cash, Bank	35 000	35 000	146 000
Total Current Assets	317 000	164 000	277 000
Total Assets	342 000	164 000	277 000
Total Equity	−392 000	−42 000	158 000
Short-Term Group Debt	0	0	0
Total Long-Term Debt	0	0	0
Creditors	18 000	−1 000	1 000
Unpaid Taxes	17 000	25 000	11 000
Dividends	0	0	0
Other Current Debt	698 000	183 000	72 000
Total Current Debt	734 000	206 000	120 000
Total Equity and Debt	342 000	164 000	277 000

Financial indicators	2022	2021	2020
Return on Equity	89,29 %	476,19 %	84,18 %
Debt-to-Equity Ratio	−0	−0	0
Operating Profit Margin	−243,06 %	−43,2 %	54,84 %
Current Ratio	0,43	0,8	2,31
Quick Ratio	0,43	0,8	2,31
Equity Ratio	−1,15	−0,26	0,57
Gross Profit Margin	89,58 %	86,83 %	67,1 %