THE MINOR FOUNDATION FOR MAJOR CHALLENGES

Share Ownership

Return on Equity

−49,86 %

Current Ratio

4,05

Debt-to-Equity Ratio

Key figures (NOK)	2022	2021	2020	2019
Revenue	−3 719 000	3 319 000	4 871 000	2 513 000
Net Income	−10 087 000	−3 947 000	−8 106 000	−1 924 000
Total Assets	26 869 000	36 569 000	41 857 000	46 437 000
Total Equity	20 230 000	30 317 000	34 264 000	42 371 000

Income (NOK)	2022	2021	2020	2019
Revenue	−3 719 000	3 319 000	4 871 000	2 513 000
Expenditure	587 000	654 000	690 000	737 000
Operating Profit	−4 306 000	2 666 000	4 181 000	1 776 000
Financial Income	0	0	0	0
Financial Costs	5 780 000	6 613 000	12 288 000	3 700 000
Financial Balance	−5 780 000	−6 613 000	−12 288 000	−3 700 000
Earnings Before Tax	−10 087 000	−3 947 000	−8 106 000	−1 924 000
Tax	0	0	0	0
Net Income	−10 087 000	−3 947 000	−8 106 000	−1 924 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	0	0	0	0
Total Current Assets	26 869 000	36 569 000	41 857 000	46 437 000
Total Assets	26 869 000	36 569 000	41 857 000	46 437 000
Total Retained Equity	−24 770 000	−14 683 000	−10 736 000	−2 629 000
Total Equity	20 230 000	30 317 000	34 264 000	42 371 000
Total Long-Term Debt	0	0	0	0
Total Current Debt	6 639 000	6 252 000	7 593 000	4 067 000
Total Equity and Debt	26 869 000	36 569 000	41 857 000	46 437 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	0	0	0	0
Other Income	−3 719 000	3 319 000	4 871 000	2 513 000
Revenue	−3 719 000	3 319 000	4 871 000	2 513 000
Cost of Goods Sold	0	0	0	0
Salary Costs	240 000	244 000	286 000	344 000
Depreciation	0	0	0	0
Impairment	0	0	0	0
Expenditure	587 000	654 000	690 000	737 000
Operating Profit	−4 306 000	2 666 000	4 181 000	1 776 000
Financial Income	0	0	0	0
Financial Costs	5 780 000	6 613 000	12 288 000	3 700 000
Financial Balance	−5 780 000	−6 613 000	−12 288 000	−3 700 000
Dividends	0	0	0	0
Net Income	−10 087 000	−3 947 000	−8 106 000	−1 924 000

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	0	0
Total Tangible Assets	0	0	0	0
Total Fiancial Fixed Assets	0	0	0	0
Total Fixed Assets	0	0	0	0
Stock	0	0	0	0
Total Investments	25 728 000	34 488 000	42 168 000	41 298 000
Cash, Bank	1 140 000	2 077 000	−311 000	5 138 000
Total Current Assets	26 869 000	36 569 000	41 857 000	46 437 000
Total Assets	26 869 000	36 569 000	41 857 000	46 437 000
Total Equity	20 230 000	30 317 000	34 264 000	42 371 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	0	0	0	0
Creditors	27 000	0	47 000	77 000
Unpaid Taxes	0	0	69 000	59 000
Dividends	0	0	0	0
Other Current Debt	6 612 000	6 252 000	7 476 000	3 931 000
Total Current Debt	6 639 000	6 252 000	7 593 000	4 067 000
Total Equity and Debt	26 869 000	36 569 000	41 857 000	46 437 000

Financial indicators	2022	2021	2020	2019
Return on Equity	−49,86 %	−13,02 %	−23,66 %	−4,54 %
Debt-to-Equity Ratio	0	0	0	0
Operating Profit Margin	115,78 %	80,33 %	85,83 %	70,67 %
Current Ratio	4,05	5,85	5,51	11,42
Quick Ratio	4,05	5,85	5,51	11,42
Equity Ratio	0,75	0,83	0,82	0,91
Gross Profit Margin	100 %	100 %	100 %	100 %