PHOTONCYCLE AS

0349 OSLO

Finances

Share Ownership

Return on Equity

−70,03 %

Current Ratio

2,91

Debt-to-Equity Ratio

0,84

Key figures (NOK)	2022	2021	2020
Revenue	3 800 000	80 000	0
Net Income	−2 904 000	−1 218 000	−26 000
Total Assets	8 683 000	8 688 000	970 000
Total Equity	4 147 000	7 051 000	969 000

Income (NOK)	2022	2021	2020
Revenue	3 800 000	80 000	0
Expenditure	6 706 000	1 298 000	25 000
Operating Profit	−2 906 000	−1 218 000	−26 000
Financial Income	2 000	0	0
Financial Costs	0	0	0
Financial Balance	2 000	0	0
Earnings Before Tax	−2 904 000	−1 218 000	−26 000
Tax	0	0	0
Net Income	−2 904 000	−1 218 000	−26 000

Balance (NOK)	2022	2021	2020
Total Fixed Assets	5 665 000	3 395 000	115 000
Total Current Assets	3 018 000	5 293 000	855 000
Total Assets	8 683 000	8 688 000	970 000
Total Retained Equity	−2 904 000	0	−26 000
Total Equity	4 147 000	7 051 000	969 000
Total Long-Term Debt	3 500 000	0	0
Total Current Debt	1 036 000	1 637 000	1 000
Total Equity and Debt	8 683 000	8 688 000	970 000

Cash flow (NOK)	2022	2021	2020
Sales Income	0	80 000	0
Other Income	3 800 000	0	0
Revenue	3 800 000	80 000	0
Cost of Goods Sold	13 000	0	0
Salary Costs	3 762 000	560 000	0
Depreciation	1 608 000	241 000	10 000
Impairment	0	0	0
Expenditure	6 706 000	1 298 000	25 000
Operating Profit	−2 906 000	−1 218 000	−26 000
Financial Income	2 000	0	0
Financial Costs	0	0	0
Financial Balance	2 000	0	0
Dividends	0	0	0
Net Income	−2 904 000	−1 218 000	−26 000

Balance details (NOK)	2022	2021	2020
Goodwill	0	0	0
Total Intangible Assets	585 000	694 000	115 000
Real Eastate	0	0	0
Machinery and Plant Facilities	0	0	0
Fixtures	5 080 000	2 701 000	0
Total Tangible Assets	5 080 000	2 701 000	0
Total Fiancial Fixed Assets	0	0	0
Total Fixed Assets	5 665 000	3 395 000	115 000
Stock	0	0	0
Total Investments	0	0	0
Cash, Bank	895 000	3 668 000	855 000
Total Current Assets	3 018 000	5 293 000	855 000
Total Assets	8 683 000	8 688 000	970 000
Total Equity	4 147 000	7 051 000	969 000
Short-Term Group Debt	0	0	0
Total Long-Term Debt	3 500 000	0	0
Creditors	69 000	1 038 000	1 000
Unpaid Taxes	361 000	82 000	0
Dividends	0	0	0
Other Current Debt	606 000	516 000	0
Total Current Debt	1 036 000	1 637 000	1 000
Total Equity and Debt	8 683 000	8 688 000	970 000

Financial indicators	2022	2021	2020
Return on Equity	−70,03 %	−17,27 %	−2,68 %
Debt-to-Equity Ratio	0,84	0	0
Operating Profit Margin	−76,47 %	−1 522,5 %	-
Current Ratio	2,91	3,23	855
Quick Ratio	2,91	3,23	855
Equity Ratio	0,48	0,81	1
Gross Profit Margin	99,66 %	100 %	-