COTTAGE AS

1706 SARPSBORG

Finances

Share Ownership

Return on Equity

48,82 %

Current Ratio

1,14

Debt-to-Equity Ratio

−3,25

Key figures (NOK)	2022	2021	2020
Revenue	316 000	289 000	77 000
Net Income	−83 000	−120 000	−30 000
Total Assets	460 000	586 000	514 000
Total Equity	−170 000	−125 000	−5 000

Income (NOK)	2022	2021	2020
Revenue	316 000	289 000	77 000
Expenditure	358 000	419 000	113 000
Operating Profit	−42 000	−130 000	−35 000
Financial Income	0	0	0
Financial Costs	37 000	25 000	5 000
Financial Balance	−37 000	−25 000	−5 000
Earnings Before Tax	−79 000	−154 000	−40 000
Tax	5 000	−34 000	−10 000
Net Income	−83 000	−120 000	−30 000

Balance (NOK)	2022	2021	2020
Total Fixed Assets	371 000	456 000	492 000
Total Current Assets	89 000	130 000	22 000
Total Assets	460 000	586 000	514 000
Total Retained Equity	−234 000	−151 000	−30 000
Total Equity	−170 000	−125 000	−5 000
Total Long-Term Debt	552 000	525 000	505 000
Total Current Debt	78 000	186 000	14 000
Total Equity and Debt	460 000	586 000	514 000

Cash flow (NOK)	2022	2021	2020
Sales Income	0	0	0
Other Income	316 000	289 000	77 000
Revenue	316 000	289 000	77 000
Cost of Goods Sold	0	0	0
Salary Costs	0	0	0
Depreciation	70 000	70 000	18 000
Impairment	0	0	0
Expenditure	358 000	419 000	113 000
Operating Profit	−42 000	−130 000	−35 000
Financial Income	0	0	0
Financial Costs	37 000	25 000	5 000
Financial Balance	−37 000	−25 000	−5 000
Dividends	0	0	0
Net Income	−83 000	−120 000	−30 000

Balance details (NOK)	2022	2021	2020
Goodwill	110 000	150 000	190 000
Total Intangible Assets	138 000	194 000	200 000
Real Eastate	0	0	0
Machinery and Plant Facilities	0	0	0
Fixtures	233 000	263 000	293 000
Total Tangible Assets	233 000	263 000	293 000
Total Fiancial Fixed Assets	0	0	0
Total Fixed Assets	371 000	456 000	492 000
Stock	0	0	0
Total Investments	0	0	0
Cash, Bank	8 000	1 000	2 000
Total Current Assets	89 000	130 000	22 000
Total Assets	460 000	586 000	514 000
Total Equity	−170 000	−125 000	−5 000
Short-Term Group Debt	0	0	0
Total Long-Term Debt	552 000	525 000	505 000
Creditors	28 000	82 000	14 000
Unpaid Taxes	0	10 000	0
Dividends	0	0	0
Other Current Debt	0	50 000	0
Total Current Debt	78 000	186 000	14 000
Total Equity and Debt	460 000	586 000	514 000

Financial indicators	2022	2021	2020
Return on Equity	48,82 %	96 %	600 %
Debt-to-Equity Ratio	−3,25	−4,2	−101
Operating Profit Margin	−13,29 %	−44,98 %	−45,45 %
Current Ratio	1,14	0,7	1,57
Quick Ratio	1,14	0,7	1,57
Equity Ratio	−0,37	−0,21	−0,01
Gross Profit Margin	100 %	100 %	100 %