HORN OF AFRICA TROMSØ AS

9008 TROMSØ

Finances

Share Ownership

Return on Equity

−121,78 %

Current Ratio

0,47

Debt-to-Equity Ratio

2,52

Key figures (NOK)	2022	2021	2020
Revenue	1 916 000	1 666 000	66 000
Net Income	−123 000	301 000	−189 000
Total Assets	737 000	981 000	669 000
Total Equity	101 000	224 000	−77 000

Income (NOK)	2022	2021	2020
Revenue	1 916 000	1 666 000	66 000
Expenditure	2 049 000	1 313 000	243 000
Operating Profit	−133 000	353 000	−178 000
Financial Income	1 000	0	0
Financial Costs	20 000	22 000	11 000
Financial Balance	−19 000	−22 000	−11 000
Earnings Before Tax	−152 000	331 000	−189 000
Tax	−29 000	29 000	0
Net Income	−123 000	301 000	−189 000

Balance (NOK)	2022	2021	2020
Total Fixed Assets	559 000	542 000	575 000
Total Current Assets	178 000	439 000	94 000
Total Assets	737 000	981 000	669 000
Total Retained Equity	−10 000	113 000	−189 000
Total Equity	101 000	224 000	−77 000
Total Long-Term Debt	255 000	374 000	435 000
Total Current Debt	380 000	382 000	311 000
Total Equity and Debt	737 000	981 000	669 000

Cash flow (NOK)	2022	2021	2020
Sales Income	1 909 000	1 356 000	66 000
Other Income	7 000	310 000	0
Revenue	1 916 000	1 666 000	66 000
Cost of Goods Sold	514 000	410 000	46 000
Salary Costs	823 000	325 000	1 000
Depreciation	109 000	78 000	25 000
Impairment	0	0	0
Expenditure	2 049 000	1 313 000	243 000
Operating Profit	−133 000	353 000	−178 000
Financial Income	1 000	0	0
Financial Costs	20 000	22 000	11 000
Financial Balance	−19 000	−22 000	−11 000
Dividends	0	0	0
Net Income	−123 000	301 000	−189 000

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	559 000	542 000	575 000
Total Tangible Assets	559 000	542 000	575 000
Total Fiancial Fixed Assets	0	0	0
Total Fixed Assets	559 000	542 000	575 000
Stock	51 000	51 000	0
Total Investments	0	0	0
Cash, Bank	74 000	381 000	78 000
Total Current Assets	178 000	439 000	94 000
Total Assets	737 000	981 000	669 000
Total Equity	101 000	224 000	−77 000
Short-Term Group Debt	0	0	0
Total Long-Term Debt	255 000	374 000	435 000
Creditors	46 000	34 000	120 000
Unpaid Taxes	77 000	59 000	0
Dividends	0	0	0
Other Current Debt	258 000	289 000	191 000
Total Current Debt	380 000	382 000	311 000
Total Equity and Debt	737 000	981 000	669 000

Financial indicators	2022	2021	2020
Return on Equity	−121,78 %	134,38 %	245,45 %
Debt-to-Equity Ratio	2,52	1,67	−5,65
Operating Profit Margin	−6,94 %	21,19 %	−269,7 %
Current Ratio	0,47	1,15	0,3
Quick Ratio	0,54	1,33	0,3
Equity Ratio	0,14	0,23	−0,12
Gross Profit Margin	73,17 %	75,39 %	30,3 %