BRANCH OFFICE II AS

8514 NARVIK

Finances

Return on Equity

−1,55 %

Current Ratio

13,92

Debt-to-Equity Ratio

0,07

Key figures (NOK)	2022	2021	2020	2019
Revenue	220 000	247 000	1 819 000	185 000
Net Income	−73 000	−285 000	1 045 000	66 000
Total Assets	5 314 000	5 964 000	6 425 000	4 734 000
Total Equity	4 719 000	4 792 000	5 477 000	4 432 000

Income (NOK)	2022	2021	2020	2019
Revenue	220 000	247 000	1 819 000	185 000
Expenditure	1 031 000	784 000	512 000	285 000
Operating Profit	−812 000	−537 000	1 306 000	−100 000
Financial Income	755 000	414 000	557 000	301 000
Financial Costs	137 000	243 000	485 000	32 000
Financial Balance	618 000	171 000	72 000	269 000
Earnings Before Tax	−194 000	−367 000	1 377 000	169 000
Tax	−121 000	−82 000	333 000	37 000
Net Income	−73 000	−285 000	1 045 000	66 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	1 347 000	2 523 000	2 816 000	3 886 000
Total Current Assets	3 967 000	3 441 000	3 609 000	849 000
Total Assets	5 314 000	5 964 000	6 425 000	4 734 000
Total Retained Equity	4 619 000	4 692 000	5 377 000	4 332 000
Total Equity	4 719 000	4 792 000	5 477 000	4 432 000
Total Long-Term Debt	311 000	438 000	171 000	268 000
Total Current Debt	285 000	734 000	777 000	34 000
Total Equity and Debt	5 314 000	5 964 000	6 425 000	4 734 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	100 000	305 000	1 761 000	185 000
Other Income	120 000	−58 000	58 000	0
Revenue	220 000	247 000	1 819 000	185 000
Cost of Goods Sold	0	0	0	3 000
Salary Costs	397 000	400 000	228 000	0
Depreciation	178 000	134 000	51 000	0
Impairment	0	0	0	0
Expenditure	1 031 000	784 000	512 000	285 000
Operating Profit	−812 000	−537 000	1 306 000	−100 000
Financial Income	755 000	414 000	557 000	301 000
Financial Costs	137 000	243 000	485 000	32 000
Financial Balance	618 000	171 000	72 000	269 000
Dividends	0	0	0	0
Net Income	−73 000	−285 000	1 045 000	66 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	31 000	0	0	0
Real Eastate	0	0	0	0
Machinery and Plant Facilities	0	0	0	0
Fixtures	603 000	781 000	205 000	0
Total Tangible Assets	603 000	781 000	205 000	0
Total Fiancial Fixed Assets	712 000	1 742 000	2 611 000	3 886 000
Total Fixed Assets	1 347 000	2 523 000	2 816 000	3 886 000
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	1 104 000	528 000	1 332 000	500 000
Total Current Assets	3 967 000	3 441 000	3 609 000	849 000
Total Assets	5 314 000	5 964 000	6 425 000	4 734 000
Total Equity	4 719 000	4 792 000	5 477 000	4 432 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	311 000	438 000	171 000	268 000
Creditors	45 000	78 000	51 000	4 000
Unpaid Taxes	33 000	153 000	18 000	−7 000
Dividends	0	0	0	0
Other Current Debt	159 000	468 000	290 000	35 000
Total Current Debt	285 000	734 000	777 000	34 000
Total Equity and Debt	5 314 000	5 964 000	6 425 000	4 734 000

Financial indicators	2022	2021	2020	2019
Return on Equity	−1,55 %	−5,95 %	19,08 %	1,49 %
Debt-to-Equity Ratio	0,07	0,09	0,03	0,06
Operating Profit Margin	−369,09 %	−217,41 %	71,8 %	−54,05 %
Current Ratio	13,92	4,69	4,64	24,97
Quick Ratio	13,92	4,69	4,64	24,97
Equity Ratio	0,89	0,8	0,85	0,94
Gross Profit Margin	100 %	100 %	100 %	98,38 %