KORDE HOLDING AS

3933 PORSGRUNN

Finances

Return on Equity

−5,11 %

Current Ratio

1,93

Debt-to-Equity Ratio

2,06

Key figures (NOK)	2022	2021	2020	2019
Revenue	107 000	105 000	30 000	166 000
Net Income	−50 000	−26 000	−296 000	81 000
Total Assets	3 124 000	3 096 000	3 448 000	1 782 000
Total Equity	978 000	1 027 000	1 369 000	1 665 000

Income (NOK)	2022	2021	2020	2019
Revenue	107 000	105 000	30 000	166 000
Expenditure	58 000	61 000	311 000	122 000
Operating Profit	50 000	44 000	−281 000	43 000
Financial Income	0	0	8 000	43 000
Financial Costs	99 000	70 000	23 000	5 000
Financial Balance	−99 000	−70 000	−15 000	38 000
Earnings Before Tax	−50 000	−26 000	−296 000	81 000
Tax	0	0	0	0
Net Income	−50 000	−26 000	−296 000	81 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	2 875 000	2 877 000	2 884 000	1 235 000
Total Current Assets	249 000	219 000	564 000	546 000
Total Assets	3 124 000	3 096 000	3 448 000	1 782 000
Total Retained Equity	878 000	927 000	1 269 000	1 565 000
Total Equity	978 000	1 027 000	1 369 000	1 665 000
Total Long-Term Debt	2 018 000	2 053 000	1 853 000	0
Total Current Debt	129 000	16 000	226 000	117 000
Total Equity and Debt	3 124 000	3 096 000	3 448 000	1 782 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	0	0	0	0
Other Income	107 000	105 000	30 000	166 000
Revenue	107 000	105 000	30 000	166 000
Cost of Goods Sold	0	0	3 000	0
Salary Costs	0	0	0	53 000
Depreciation	2 000	7 000	7 000	5 000
Impairment	0	0	0	0
Expenditure	58 000	61 000	311 000	122 000
Operating Profit	50 000	44 000	−281 000	43 000
Financial Income	0	0	8 000	43 000
Financial Costs	99 000	70 000	23 000	5 000
Financial Balance	−99 000	−70 000	−15 000	38 000
Dividends	0	316 000	0	0
Net Income	−50 000	−26 000	−296 000	81 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	0	0	0	0
Real Eastate	2 875 000	2 875 000	2 875 000	547 000
Machinery and Plant Facilities	0	0	0	0
Fixtures	0	2 000	9 000	16 000
Total Tangible Assets	2 875 000	2 877 000	2 884 000	563 000
Total Fiancial Fixed Assets	0	0	0	672 000
Total Fixed Assets	2 875 000	2 877 000	2 884 000	1 235 000
Stock	0	0	0	0
Total Investments	2 000	2 000	2 000	2 000
Cash, Bank	2 000	54 000	489 000	0
Total Current Assets	249 000	219 000	564 000	546 000
Total Assets	3 124 000	3 096 000	3 448 000	1 782 000
Total Equity	978 000	1 027 000	1 369 000	1 665 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	2 018 000	2 053 000	1 853 000	0
Creditors	12 000	0	4 000	1 000
Unpaid Taxes	2 000	2 000	2 000	2 000
Dividends	0	316 000	0	0
Other Current Debt	13 000	14 000	220 000	13 000
Total Current Debt	129 000	16 000	226 000	117 000
Total Equity and Debt	3 124 000	3 096 000	3 448 000	1 782 000

Financial indicators	2022	2021	2020	2019
Return on Equity	−5,11 %	−2,53 %	−21,62 %	4,86 %
Debt-to-Equity Ratio	2,06	2	1,35	0
Operating Profit Margin	46,73 %	41,9 %	−936,67 %	25,9 %
Current Ratio	1,93	13,69	2,5	4,67
Quick Ratio	1,93	13,69	2,5	4,67
Equity Ratio	0,31	0,33	0,4	0,93
Gross Profit Margin	100 %	100 %	90 %	100 %