CYCLEUROPE NORGE AS

0666 OSLO

Finances

Share Ownership

Return on Equity

16,19 %

Current Ratio

1,31

Debt-to-Equity Ratio

0,1

Key figures (NOK)	2022	2021	2020	2019
Revenue	69 261 000	69 868 000	86 435 000	71 425 000
Net Income	1 623 000	1 540 000	1 593 000	−5 441 000
Total Assets	46 773 000	35 590 000	26 956 000	41 160 000
Total Equity	10 022 000	8 400 000	6 860 000	5 267 000

Income (NOK)	2022	2021	2020	2019
Revenue	69 261 000	69 868 000	86 435 000	71 425 000
Expenditure	66 886 000	68 063 000	84 088 000	75 656 000
Operating Profit	2 374 000	1 804 000	2 347 000	−4 231 000
Financial Income	34 000	19 000	7 000	59 000
Financial Costs	786 000	283 000	760 000	1 269 000
Financial Balance	−752 000	−264 000	−753 000	−1 210 000
Earnings Before Tax	1 623 000	1 540 000	1 593 000	−5 441 000
Tax	0	0	0	0
Net Income	1 623 000	1 540 000	1 593 000	−5 441 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	0	15 000	25 000	59 000
Total Current Assets	46 773 000	35 575 000	26 931 000	41 101 000
Total Assets	46 773 000	35 590 000	26 956 000	41 160 000
Total Retained Equity	−35 661 000	−37 284 000	−38 824 000	−40 417 000
Total Equity	10 022 000	8 400 000	6 860 000	5 267 000
Total Long-Term Debt	1 017 000	704 000	722 000	746 000
Total Current Debt	35 734 000	26 486 000	19 374 000	35 148 000
Total Equity and Debt	46 773 000	35 590 000	26 956 000	41 160 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	68 261 000	69 868 000	86 435 000	71 425 000
Other Income	1 000 000	0	0	0
Revenue	69 261 000	69 868 000	86 435 000	71 425 000
Cost of Goods Sold	45 584 000	51 371 000	63 468 000	50 597 000
Salary Costs	7 515 000	7 382 000	7 503 000	6 845 000
Depreciation	0	10 000	34 000	47 000
Impairment	0	0	0	0
Expenditure	66 886 000	68 063 000	84 088 000	75 656 000
Operating Profit	2 374 000	1 804 000	2 347 000	−4 231 000
Financial Income	34 000	19 000	7 000	59 000
Financial Costs	786 000	283 000	760 000	1 269 000
Financial Balance	−752 000	−264 000	−753 000	−1 210 000
Dividends	0	0	0	0
Net Income	1 623 000	1 540 000	1 593 000	−5 441 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	0	0	0	0
Real Eastate	0	0	0	0
Machinery and Plant Facilities	0	0	0	0
Fixtures	0	0	10 000	44 000
Total Tangible Assets	0	0	10 000	44 000
Total Fiancial Fixed Assets	0	15 000	15 000	15 000
Total Fixed Assets	0	15 000	25 000	59 000
Stock	29 387 000	8 209 000	13 282 000	23 392 000
Total Investments	0	0	0	0
Cash, Bank	975 000	359 000	336 000	404 000
Total Current Assets	46 773 000	35 575 000	26 931 000	41 101 000
Total Assets	46 773 000	35 590 000	26 956 000	41 160 000
Total Equity	10 022 000	8 400 000	6 860 000	5 267 000
Short-Term Group Debt	13 979 000	7 753 000	7 432 000	23 918 000
Total Long-Term Debt	1 017 000	704 000	722 000	746 000
Creditors	1 541 000	5 687 000	1 412 000	6 066 000
Unpaid Taxes	743 000	1 105 000	1 274 000	1 675 000
Dividends	0	0	0	0
Other Current Debt	8 886 000	1 032 000	5 009 000	2 516 000
Total Current Debt	35 734 000	26 486 000	19 374 000	35 148 000
Total Equity and Debt	46 773 000	35 590 000	26 956 000	41 160 000

Financial indicators	2022	2021	2020	2019
Return on Equity	16,19 %	18,33 %	23,22 %	−103,3 %
Debt-to-Equity Ratio	0,1	0,08	0,11	0,14
Operating Profit Margin	3,43 %	2,58 %	2,72 %	−5,92 %
Current Ratio	1,31	1,34	1,39	1,17
Quick Ratio	7,37	1,95	4,42	3,5
Equity Ratio	0,21	0,24	0,25	0,13
Gross Profit Margin	34,19 %	26,47 %	26,57 %	29,16 %