EXCEL UTVIKLING AS

2819 GJØVIK

Finances

Share Ownership

Return on Equity

24,05 %

Current Ratio

4,27

Debt-to-Equity Ratio

Key figures (NOK)	2022	2021	2020	2019
Revenue	215 000	68 000	953 000	672 000
Net Income	70 000	−748 000	−173 000	−429 000
Total Assets	380 000	426 000	776 000	640 000
Total Equity	291 000	−229 000	519 000	392 000

Income (NOK)	2022	2021	2020	2019
Revenue	215 000	68 000	953 000	672 000
Expenditure	146 000	816 000	1 128 000	1 102 000
Operating Profit	69 000	−748 000	−174 000	−430 000
Financial Income	1 000	0	1 000	1 000
Financial Costs	0	0	0	0
Financial Balance	1 000	0	1 000	1 000
Earnings Before Tax	70 000	−748 000	−173 000	−429 000
Tax	0	0	0	0
Net Income	70 000	−748 000	−173 000	−429 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	0	0	6 000	11 000
Total Current Assets	380 000	426 000	770 000	629 000
Total Assets	380 000	426 000	776 000	640 000
Total Retained Equity	−1 059 000	−1 129 000	−381 000	−208 000
Total Equity	291 000	−229 000	519 000	392 000
Total Long-Term Debt	0	0	0	0
Total Current Debt	89 000	655 000	257 000	248 000
Total Equity and Debt	380 000	426 000	776 000	640 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	215 000	68 000	953 000	672 000
Other Income	0	0	0	0
Revenue	215 000	68 000	953 000	672 000
Cost of Goods Sold	0	0	0	0
Salary Costs	111 000	605 000	887 000	884 000
Depreciation	0	6 000	6 000	6 000
Impairment	0	0	0	0
Expenditure	146 000	816 000	1 128 000	1 102 000
Operating Profit	69 000	−748 000	−174 000	−430 000
Financial Income	1 000	0	1 000	1 000
Financial Costs	0	0	0	0
Financial Balance	1 000	0	1 000	1 000
Dividends	0	0	0	0
Net Income	70 000	−748 000	−173 000	−429 000

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	6 000	11 000
Total Tangible Assets	0	0	6 000	11 000
Total Fiancial Fixed Assets	0	0	0	0
Total Fixed Assets	0	0	6 000	11 000
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	326 000	387 000	439 000	424 000
Total Current Assets	380 000	426 000	770 000	629 000
Total Assets	380 000	426 000	776 000	640 000
Total Equity	291 000	−229 000	519 000	392 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	0	0	0	0
Creditors	6 000	0	12 000	7 000
Unpaid Taxes	40 000	−5 000	103 000	111 000
Dividends	0	0	0	0
Other Current Debt	47 000	660 000	141 000	130 000
Total Current Debt	89 000	655 000	257 000	248 000
Total Equity and Debt	380 000	426 000	776 000	640 000

Financial indicators	2022	2021	2020	2019
Return on Equity	24,05 %	326,64 %	−33,33 %	−109,44 %
Debt-to-Equity Ratio	0	−0	0	0
Operating Profit Margin	32,09 %	−1 100 %	−18,26 %	−63,99 %
Current Ratio	4,27	0,65	3	2,54
Quick Ratio	4,27	0,65	3	2,54
Equity Ratio	0,77	−0,54	0,67	0,61
Gross Profit Margin	100 %	100 %	100 %	100 %