NEAD-NORWEGIAN ETHIOPIAN AGRICULTURAL DEVELOPMENT AS

0585 OSLO

Finances

Share Ownership

Return on Equity

−7,93 %

Current Ratio

1,5

Debt-to-Equity Ratio

Key figures (NOK)	2022	2021	2020	2019
Revenue	1 123 000	611 000	1 639 000	1 181 000
Net Income	−866 000	449 000	−135 000	−578 000
Total Assets	12 204 000	13 516 000	12 857 000	13 739 000
Total Equity	10 923 000	11 789 000	11 140 000	11 275 000

Income (NOK)	2022	2021	2020	2019
Revenue	1 123 000	611 000	1 639 000	1 181 000
Expenditure	1 976 000	161 000	1 725 000	2 728 000
Operating Profit	−854 000	450 000	−86 000	−527 000
Financial Income	0	0	7 000	0
Financial Costs	13 000	1 000	56 000	52 000
Financial Balance	−13 000	−1 000	−49 000	−52 000
Earnings Before Tax	−866 000	449 000	−135 000	−578 000
Tax	0	0	0	0
Net Income	−866 000	449 000	−135 000	−578 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	10 291 000	10 291 000	10 291 000	10 291 000
Total Current Assets	1 913 000	3 226 000	2 566 000	3 448 000
Total Assets	12 204 000	13 516 000	12 857 000	13 739 000
Total Retained Equity	−552 000	314 000	−135 000	0
Total Equity	10 923 000	11 789 000	11 140 000	11 275 000
Total Long-Term Debt	2 000	0	0	0
Total Current Debt	1 279 000	1 728 000	1 717 000	2 464 000
Total Equity and Debt	12 204 000	13 516 000	12 857 000	13 739 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	1 123 000	611 000	1 639 000	1 181 000
Other Income	0	0	0	0
Revenue	1 123 000	611 000	1 639 000	1 181 000
Cost of Goods Sold	1 847 000	49 000	1 486 000	2 069 000
Salary Costs	0	0	0	0
Depreciation	0	0	0	0
Impairment	0	0	0	0
Expenditure	1 976 000	161 000	1 725 000	2 728 000
Operating Profit	−854 000	450 000	−86 000	−527 000
Financial Income	0	0	7 000	0
Financial Costs	13 000	1 000	56 000	52 000
Financial Balance	−13 000	−1 000	−49 000	−52 000
Dividends	0	0	0	0
Net Income	−866 000	449 000	−135 000	−578 000

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	10 291 000	10 291 000	10 291 000	10 291 000
Total Fixed Assets	10 291 000	10 291 000	10 291 000	10 291 000
Stock	633 000	23 000	16 000	1 132 000
Total Investments	0	0	0	0
Cash, Bank	186 000	49 000	118 000	71 000
Total Current Assets	1 913 000	3 226 000	2 566 000	3 448 000
Total Assets	12 204 000	13 516 000	12 857 000	13 739 000
Total Equity	10 923 000	11 789 000	11 140 000	11 275 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	2 000	0	0	0
Creditors	3 000	6 000	18 000	26 000
Unpaid Taxes	−1 000	−11 000	13 000	38 000
Dividends	0	0	0	0
Other Current Debt	1 277 000	1 733 000	1 686 000	2 400 000
Total Current Debt	1 279 000	1 728 000	1 717 000	2 464 000
Total Equity and Debt	12 204 000	13 516 000	12 857 000	13 739 000

Financial indicators	2022	2021	2020	2019
Return on Equity	−7,93 %	3,81 %	−1,21 %	−5,13 %
Debt-to-Equity Ratio	0	0	0	0
Operating Profit Margin	−76,05 %	73,65 %	−5,25 %	−44,62 %
Current Ratio	1,5	1,87	1,49	1,4
Quick Ratio	2,96	1,89	1,51	2,59
Equity Ratio	0,9	0,87	0,87	0,82
Gross Profit Margin	−64,47 %	91,98 %	9,33 %	−75,19 %