MEDICINEHEADS AS

0565 OSLO

Finances

Share Ownership

Return on Equity

−118,3 %

Current Ratio

1,03

Debt-to-Equity Ratio

Key figures (NOK)	2022	2021	2020	2019
Revenue	249 000	1 367 000	982 000	1 801 000
Net Income	−181 000	−93 000	−25 000	−105 000
Total Assets	252 000	516 000	542 000	680 000
Total Equity	153 000	334 000	427 000	452 000

Income (NOK)	2022	2021	2020	2019
Revenue	249 000	1 367 000	982 000	1 801 000
Expenditure	431 000	1 457 000	1 013 000	1 912 000
Operating Profit	−181 000	−89 000	−31 000	−111 000
Financial Income	0	0	0	0
Financial Costs	0	0	0	0
Financial Balance	0	0	0	0
Earnings Before Tax	−181 000	−90 000	−31 000	−111 000
Tax	0	4 000	−7 000	−6 000
Net Income	−181 000	−93 000	−25 000	−105 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	150 000	266 000	269 000	262 000
Total Current Assets	102 000	251 000	273 000	418 000
Total Assets	252 000	516 000	542 000	680 000
Total Retained Equity	−347 000	−166 000	−73 000	−48 000
Total Equity	153 000	334 000	427 000	452 000
Total Long-Term Debt	0	0	0	0
Total Current Debt	99 000	182 000	115 000	228 000
Total Equity and Debt	252 000	516 000	542 000	680 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	240 000	1 108 000	653 000	1 515 000
Other Income	9 000	259 000	329 000	287 000
Revenue	249 000	1 367 000	982 000	1 801 000
Cost of Goods Sold	100 000	868 000	371 000	1 041 000
Salary Costs	18 000	60 000	76 000	297 000
Depreciation	0	0	0	13 000
Impairment	0	0	0	0
Expenditure	431 000	1 457 000	1 013 000	1 912 000
Operating Profit	−181 000	−89 000	−31 000	−111 000
Financial Income	0	0	0	0
Financial Costs	0	0	0	0
Financial Balance	0	0	0	0
Dividends	0	0	0	0
Net Income	−181 000	−93 000	−25 000	−105 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	150 000	150 000	154 000	147 000
Real Eastate	0	0	0	0
Machinery and Plant Facilities	0	0	0	0
Fixtures	0	0	0	0
Total Tangible Assets	0	0	0	0
Total Fiancial Fixed Assets	0	116 000	116 000	116 000
Total Fixed Assets	150 000	266 000	269 000	262 000
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	27 000	83 000	161 000	309 000
Total Current Assets	102 000	251 000	273 000	418 000
Total Assets	252 000	516 000	542 000	680 000
Total Equity	153 000	334 000	427 000	452 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	0	0	0	0
Creditors	43 000	110 000	65 000	162 000
Unpaid Taxes	0	16 000	10 000	16 000
Dividends	0	0	0	0
Other Current Debt	56 000	57 000	40 000	50 000
Total Current Debt	99 000	182 000	115 000	228 000
Total Equity and Debt	252 000	516 000	542 000	680 000

Financial indicators	2022	2021	2020	2019
Return on Equity	−118,3 %	−27,84 %	−5,85 %	−23,23 %
Debt-to-Equity Ratio	0	0	0	0
Operating Profit Margin	−72,69 %	−6,51 %	−3,16 %	−6,16 %
Current Ratio	1,03	1,38	2,37	1,83
Quick Ratio	1,03	1,38	2,37	1,83
Equity Ratio	0,61	0,65	0,79	0,66
Gross Profit Margin	59,84 %	36,5 %	62,22 %	42,2 %