EUROPEAN RESOURCE AS

4010 STAVANGER

Finances

Share Ownership

Return on Equity

25,43 %

Current Ratio

5,57

Debt-to-Equity Ratio

Key figures (NOK)	2022	2021	2020	2019
Revenue	1 269 000	0	905 000	2 424 000
Net Income	623 000	−37 000	280 000	1 178 000
Total Assets	2 986 000	2 343 000	2 489 000	2 606 000
Total Equity	2 450 000	1 827 000	1 864 000	1 584 000

Income (NOK)	2022	2021	2020	2019
Revenue	1 269 000	0	905 000	2 424 000
Expenditure	513 000	102 000	565 000	961 000
Operating Profit	756 000	−102 000	340 000	1 463 000
Financial Income	22 000	65 000	23 000	48 000
Financial Costs	0	0	3 000	1 000
Financial Balance	22 000	65 000	20 000	47 000
Earnings Before Tax	778 000	−37 000	360 000	1 510 000
Tax	155 000	0	79 000	332 000
Net Income	623 000	−37 000	280 000	1 178 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	10 000	14 000	20 000	0
Total Current Assets	2 977 000	2 329 000	2 469 000	2 606 000
Total Assets	2 986 000	2 343 000	2 489 000	2 606 000
Total Retained Equity	2 350 000	1 727 000	1 764 000	1 484 000
Total Equity	2 450 000	1 827 000	1 864 000	1 584 000
Total Long-Term Debt	2 000	0	0	0
Total Current Debt	534 000	515 000	625 000	1 022 000
Total Equity and Debt	2 986 000	2 343 000	2 489 000	2 606 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	1 269 000	0	905 000	2 424 000
Other Income	0	0	0	0
Revenue	1 269 000	0	905 000	2 424 000
Cost of Goods Sold	20 000	0	0	0
Salary Costs	392 000	28 000	415 000	807 000
Depreciation	4 000	6 000	8 000	0
Impairment	0	0	0	0
Expenditure	513 000	102 000	565 000	961 000
Operating Profit	756 000	−102 000	340 000	1 463 000
Financial Income	22 000	65 000	23 000	48 000
Financial Costs	0	0	3 000	1 000
Financial Balance	22 000	65 000	20 000	47 000
Dividends	0	0	0	0
Net Income	623 000	−37 000	280 000	1 178 000

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	10 000	14 000	20 000	0
Total Tangible Assets	10 000	14 000	20 000	0
Total Fiancial Fixed Assets	0	0	0	0
Total Fixed Assets	10 000	14 000	20 000	0
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	2 749 000	2 108 000	2 464 000	2 079 000
Total Current Assets	2 977 000	2 329 000	2 469 000	2 606 000
Total Assets	2 986 000	2 343 000	2 489 000	2 606 000
Total Equity	2 450 000	1 827 000	1 864 000	1 584 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	2 000	0	0	0
Creditors	5 000	2 000	9 000	13 000
Unpaid Taxes	277 000	2 000	8 000	171 000
Dividends	0	0	0	0
Other Current Debt	98 000	512 000	528 000	506 000
Total Current Debt	534 000	515 000	625 000	1 022 000
Total Equity and Debt	2 986 000	2 343 000	2 489 000	2 606 000

Financial indicators	2022	2021	2020	2019
Return on Equity	25,43 %	−2,03 %	15,02 %	74,37 %
Debt-to-Equity Ratio	0	0	0	0
Operating Profit Margin	59,57 %	-	37,57 %	60,35 %
Current Ratio	5,57	4,52	3,95	2,55
Quick Ratio	5,57	4,52	3,95	2,55
Equity Ratio	0,82	0,78	0,75	0,61
Gross Profit Margin	98,42 %	-	100 %	100 %