ELITE CONSTRUCTION GROUP AS

5474 LØFALLSTRAND

Finances

Return on Equity

−44,9 %

Current Ratio

4,74

Debt-to-Equity Ratio

Key figures (NOK)	2022	2021	2020	2019
Revenue	2 035 000	1 200 000	1 200 000	1 200 000
Net Income	−3 701 000	441 000	458 000	425 000
Total Assets	9 421 000	13 086 000	8 583 000	7 474 000
Total Equity	8 243 000	11 945 000	6 504 000	6 046 000

Income (NOK)	2022	2021	2020	2019
Revenue	2 035 000	1 200 000	1 200 000	1 200 000
Expenditure	1 260 000	649 000	652 000	672 000
Operating Profit	775 000	551 000	548 000	528 000
Financial Income	14 000	14 000	39 000	17 000
Financial Costs	4 317 000	0	0	0
Financial Balance	−4 303 000	14 000	39 000	17 000
Earnings Before Tax	−3 528 000	565 000	587 000	545 000
Tax	173 000	124 000	129 000	120 000
Net Income	−3 701 000	441 000	458 000	425 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	3 934 000	7 275 000	6 801 000	6 630 000
Total Current Assets	5 486 000	5 811 000	1 782 000	844 000
Total Assets	9 421 000	13 086 000	8 583 000	7 474 000
Total Retained Equity	7 253 000	10 955 000	5 910 000	5 452 000
Total Equity	8 243 000	11 945 000	6 504 000	6 046 000
Total Long-Term Debt	19 000	41 000	63 000	83 000
Total Current Debt	1 158 000	1 100 000	2 016 000	1 345 000
Total Equity and Debt	9 421 000	13 086 000	8 583 000	7 474 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	500 000	0	0	1 200 000
Other Income	1 535 000	1 200 000	1 200 000	0
Revenue	2 035 000	1 200 000	1 200 000	1 200 000
Cost of Goods Sold	0	0	0	0
Salary Costs	0	0	0	0
Depreciation	347 000	339 000	359 000	415 000
Impairment	0	0	0	0
Expenditure	1 260 000	649 000	652 000	672 000
Operating Profit	775 000	551 000	548 000	528 000
Financial Income	14 000	14 000	39 000	17 000
Financial Costs	4 317 000	0	0	0
Financial Balance	−4 303 000	14 000	39 000	17 000
Dividends	0	2 000 000	0	0
Net Income	−3 701 000	441 000	458 000	425 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	0	0	0	0
Real Eastate	3 311 000	3 651 000	3 694 000	4 053 000
Machinery and Plant Facilities	0	0	0	0
Fixtures	124 000	0	0	0
Total Tangible Assets	3 434 000	3 651 000	3 694 000	4 053 000
Total Fiancial Fixed Assets	500 000	3 624 000	3 106 000	2 577 000
Total Fixed Assets	3 934 000	7 275 000	6 801 000	6 630 000
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	436 000	5 664 000	1 774 000	836 000
Total Current Assets	5 486 000	5 811 000	1 782 000	844 000
Total Assets	9 421 000	13 086 000	8 583 000	7 474 000
Total Equity	8 243 000	11 945 000	6 504 000	6 046 000
Short-Term Group Debt	886 000	664 000	2 013 000	0
Total Long-Term Debt	19 000	41 000	63 000	83 000
Creditors	251 000	186 000	0	0
Unpaid Taxes	0	0	0	0
Dividends	0	2 000 000	0	0
Other Current Debt	21 000	250 000	3 000	1 345 000
Total Current Debt	1 158 000	1 100 000	2 016 000	1 345 000
Total Equity and Debt	9 421 000	13 086 000	8 583 000	7 474 000

Financial indicators	2022	2021	2020	2019
Return on Equity	−44,9 %	3,69 %	7,04 %	7,03 %
Debt-to-Equity Ratio	0	0	0,01	0,01
Operating Profit Margin	38,08 %	45,92 %	45,67 %	44 %
Current Ratio	4,74	5,28	0,88	0,63
Quick Ratio	4,74	5,28	0,88	0,63
Equity Ratio	0,87	0,91	0,76	0,81
Gross Profit Margin	100 %	100 %	100 %	100 %