RESTAURANT SCANDINAVIE AS

6002 ÅLESUND

Finances

Share Ownership

Return on Equity

−57,27 %

Current Ratio

2,41

Debt-to-Equity Ratio

2,03

Key figures (NOK)	2022	2021	2020	2019
Revenue	3 076 000	2 845 000	4 012 000	4 758 000
Net Income	−197 000	205 000	291 000	197 000
Total Assets	1 682 000	1 657 000	1 451 000	1 875 000
Total Equity	344 000	541 000	336 000	45 000

Income (NOK)	2022	2021	2020	2019
Revenue	3 076 000	2 845 000	4 012 000	4 758 000
Expenditure	3 337 000	2 653 000	3 707 000	4 562 000
Operating Profit	−197 000	205 000	291 000	197 000
Financial Income	0	0	0	0
Financial Costs	0	0	0	1 000
Financial Balance	0	0	0	−1 000
Earnings Before Tax	−197 000	205 000	291 000	197 000
Tax	0	0	0	0
Net Income	−197 000	205 000	291 000	197 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	143 000	230 000	303 000	421 000
Total Current Assets	1 539 000	1 427 000	1 148 000	1 454 000
Total Assets	1 682 000	1 657 000	1 451 000	1 875 000
Total Retained Equity	−856 000	−659 000	−864 000	−1 155 000
Total Equity	344 000	541 000	336 000	45 000
Total Long-Term Debt	700 000	700 000	700 000	1 000 000
Total Current Debt	639 000	417 000	416 000	830 000
Total Equity and Debt	1 682 000	1 657 000	1 451 000	1 875 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	2 871 000	2 672 000	4 009 000	4 729 000
Other Income	204 000	173 000	3 000	29 000
Revenue	3 076 000	2 845 000	4 012 000	4 758 000
Cost of Goods Sold	730 000	557 000	1 101 000	1 252 000
Salary Costs	1 639 000	1 139 000	1 747 000	2 453 000
Depreciation	111 000	122 000	118 000	118 000
Impairment	0	0	0	0
Expenditure	3 337 000	2 653 000	3 707 000	4 562 000
Operating Profit	−197 000	205 000	291 000	197 000
Financial Income	0	0	0	0
Financial Costs	0	0	0	1 000
Financial Balance	0	0	0	−1 000
Dividends	0	0	0	0
Net Income	−197 000	205 000	291 000	197 000

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	143 000	230 000	303 000	421 000
Total Tangible Assets	143 000	230 000	303 000	421 000
Total Fiancial Fixed Assets	0	0	0	0
Total Fixed Assets	143 000	230 000	303 000	421 000
Stock	163 000	100 000	255 000	265 000
Total Investments	0	0	0	0
Cash, Bank	1 336 000	1 299 000	766 000	1 103 000
Total Current Assets	1 539 000	1 427 000	1 148 000	1 454 000
Total Assets	1 682 000	1 657 000	1 451 000	1 875 000
Total Equity	344 000	541 000	336 000	45 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	700 000	700 000	700 000	1 000 000
Creditors	12 000	13 000	15 000	35 000
Unpaid Taxes	282 000	−1 000	100 000	243 000
Dividends	0	0	0	0
Other Current Debt	345 000	405 000	301 000	552 000
Total Current Debt	639 000	417 000	416 000	830 000
Total Equity and Debt	1 682 000	1 657 000	1 451 000	1 875 000

Financial indicators	2022	2021	2020	2019
Return on Equity	−57,27 %	37,89 %	86,61 %	437,78 %
Debt-to-Equity Ratio	2,03	1,29	2,08	22,22
Operating Profit Margin	−6,4 %	7,21 %	7,25 %	4,14 %
Current Ratio	2,41	3,42	2,76	1,75
Quick Ratio	3,23	4,5	7,13	2,57
Equity Ratio	0,2	0,33	0,23	0,02
Gross Profit Margin	76,27 %	80,42 %	72,56 %	73,69 %