ECONORTEX SCANDI GROUP AS

3027 DRAMMEN

Finances

Share Ownership

Return on Equity

−66,39 %

Current Ratio

2,03

Debt-to-Equity Ratio

−13,51

Key figures (NOK)	2022	2021	2020
Revenue	5 500 000	0	0
Net Income	158 000	−408 000	−18 000
Total Assets	5 865 000	10 801 000	2 134 000
Total Equity	−238 000	−395 000	12 000

Income (NOK)	2022	2021	2020
Revenue	5 500 000	0	0
Expenditure	5 042 000	88 000	18 000
Operating Profit	457 000	−88 000	−18 000
Financial Income	2 000	0	0
Financial Costs	302 000	320 000	0
Financial Balance	−300 000	−320 000	0
Earnings Before Tax	158 000	−408 000	−18 000
Tax	0	0	0
Net Income	158 000	−408 000	−18 000

Balance (NOK)	2022	2021	2020
Total Fixed Assets	0	0	0
Total Current Assets	5 865 000	10 801 000	2 134 000
Total Assets	5 865 000	10 801 000	2 134 000
Total Retained Equity	−268 000	−425 000	−18 000
Total Equity	−238 000	−395 000	12 000
Total Long-Term Debt	3 216 000	6 424 000	0
Total Current Debt	2 886 000	4 772 000	2 121 000
Total Equity and Debt	5 865 000	10 801 000	2 134 000

Cash flow (NOK)	2022	2021	2020
Sales Income	5 500 000	0	0
Other Income	0	0	0
Revenue	5 500 000	0	0
Cost of Goods Sold	4 840 000	0	0
Salary Costs	0	0	0
Depreciation	0	0	0
Impairment	0	0	0
Expenditure	5 042 000	88 000	18 000
Operating Profit	457 000	−88 000	−18 000
Financial Income	2 000	0	0
Financial Costs	302 000	320 000	0
Financial Balance	−300 000	−320 000	0
Dividends	0	0	0
Net Income	158 000	−408 000	−18 000

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	0	0	0
Total Tangible Assets	0	0	0
Total Fiancial Fixed Assets	0	0	0
Total Fixed Assets	0	0	0
Stock	4 852 000	9 620 000	0
Total Investments	0	0	0
Cash, Bank	5 000	177 000	60 000
Total Current Assets	5 865 000	10 801 000	2 134 000
Total Assets	5 865 000	10 801 000	2 134 000
Total Equity	−238 000	−395 000	12 000
Short-Term Group Debt	0	0	0
Total Long-Term Debt	3 216 000	6 424 000	0
Creditors	9 000	49 000	11 000
Unpaid Taxes	0	0	0
Dividends	0	0	0
Other Current Debt	2 878 000	4 723 000	2 110 000
Total Current Debt	2 886 000	4 772 000	2 121 000
Total Equity and Debt	5 865 000	10 801 000	2 134 000

Financial indicators	2022	2021	2020
Return on Equity	−66,39 %	103,29 %	−150 %
Debt-to-Equity Ratio	−13,51	−16,26	0
Operating Profit Margin	8,31 %	-	-
Current Ratio	2,03	2,26	1,01
Quick Ratio	−2,98	−2,23	1,01
Equity Ratio	−0,04	−0,04	0,01
Gross Profit Margin	12 %	-	-