EARLYBIRD INVEST AS

6300 ÅNDALSNES

Finances

Return on Equity

38,19 %

Current Ratio

2,69

Debt-to-Equity Ratio

0,64

Key figures (NOK)	2022	2021	2020	2019
Revenue	1 087 000	120 000	172 000	2 025 000
Net Income	6 708 000	958 000	12 674 000	146 000
Total Assets	31 458 000	27 769 000	30 984 000	28 627 000
Total Equity	17 564 000	11 856 000	17 898 000	5 560 000

Income (NOK)	2022	2021	2020	2019
Revenue	1 087 000	120 000	172 000	2 025 000
Expenditure	745 000	551 000	831 000	1 607 000
Operating Profit	342 000	−431 000	−659 000	418 000
Financial Income	6 754 000	1 660 000	13 829 000	472 000
Financial Costs	307 000	243 000	438 000	696 000
Financial Balance	6 447 000	1 417 000	13 391 000	−224 000
Earnings Before Tax	6 789 000	986 000	12 732 000	194 000
Tax	82 000	28 000	57 000	48 000
Net Income	6 708 000	958 000	12 674 000	146 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	24 362 000	24 200 000	24 900 000	27 571 000
Total Current Assets	7 096 000	3 569 000	6 083 000	1 056 000
Total Assets	31 458 000	27 769 000	30 984 000	28 627 000
Total Retained Equity	17 434 000	11 726 000	17 768 000	5 430 000
Total Equity	17 564 000	11 856 000	17 898 000	5 560 000
Total Long-Term Debt	11 256 000	13 790 000	12 649 000	21 627 000
Total Current Debt	2 638 000	2 122 000	437 000	1 440 000
Total Equity and Debt	31 458 000	27 769 000	30 984 000	28 627 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	1 087 000	32 000	172 000	1 982 000
Other Income	0	88 000	0	43 000
Revenue	1 087 000	120 000	172 000	2 025 000
Cost of Goods Sold	0	0	0	0
Salary Costs	289 000	142 000	259 000	856 000
Depreciation	189 000	214 000	249 000	106 000
Impairment	0	0	0	0
Expenditure	745 000	551 000	831 000	1 607 000
Operating Profit	342 000	−431 000	−659 000	418 000
Financial Income	6 754 000	1 660 000	13 829 000	472 000
Financial Costs	307 000	243 000	438 000	696 000
Financial Balance	6 447 000	1 417 000	13 391 000	−224 000
Dividends	1 000 000	7 000 000	0	0
Net Income	6 708 000	958 000	12 674 000	146 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	13 000	0	0	78 000
Real Eastate	0	0	0	0
Machinery and Plant Facilities	0	0	0	0
Fixtures	380 000	568 000	782 000	1 343 000
Total Tangible Assets	380 000	568 000	782 000	1 343 000
Total Fiancial Fixed Assets	23 969 000	23 631 000	24 118 000	26 150 000
Total Fixed Assets	24 362 000	24 200 000	24 900 000	27 571 000
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	5 645 000	571 000	4 709 000	571 000
Total Current Assets	7 096 000	3 569 000	6 083 000	1 056 000
Total Assets	31 458 000	27 769 000	30 984 000	28 627 000
Total Equity	17 564 000	11 856 000	17 898 000	5 560 000
Short-Term Group Debt	0	1 931 000	239 000	0
Total Long-Term Debt	11 256 000	13 790 000	12 649 000	21 627 000
Creditors	2 000	31 000	68 000	109 000
Unpaid Taxes	296 000	81 000	88 000	265 000
Dividends	1 000 000	7 000 000	0	0
Other Current Debt	2 241 000	79 000	42 000	1 066 000
Total Current Debt	2 638 000	2 122 000	437 000	1 440 000
Total Equity and Debt	31 458 000	27 769 000	30 984 000	28 627 000

Financial indicators	2022	2021	2020	2019
Return on Equity	38,19 %	8,08 %	70,81 %	2,63 %
Debt-to-Equity Ratio	0,64	1,16	0,71	3,89
Operating Profit Margin	31,46 %	−359,17 %	−383,14 %	20,64 %
Current Ratio	2,69	1,68	13,92	0,73
Quick Ratio	2,69	1,68	13,92	0,73
Equity Ratio	0,56	0,43	0,58	0,19
Gross Profit Margin	100 %	100 %	100 %	100 %