KORROSJONSENTREPRENØREN AS

6815 FØRDE

Finances

Return on Equity

−2,68 %

Current Ratio

−23,05

Debt-to-Equity Ratio

Key figures (NOK)	2022	2021	2020	2019
Revenue	564 000	1 840 000	156 000	464 000
Net Income	−78 000	683 000	−160 000	−74 000
Total Assets	2 798 000	3 136 000	2 208 000	2 507 000
Total Equity	2 912 000	2 990 000	2 307 000	2 468 000

Income (NOK)	2022	2021	2020	2019
Revenue	564 000	1 840 000	156 000	464 000
Expenditure	701 000	969 000	404 000	583 000
Operating Profit	−137 000	871 000	−248 000	−119 000
Financial Income	36 000	4 000	43 000	24 000
Financial Costs	0	0	1 000	0
Financial Balance	36 000	4 000	42 000	24 000
Earnings Before Tax	−101 000	875 000	−207 000	−95 000
Tax	−23 000	192 000	−46 000	−21 000
Net Income	−78 000	683 000	−160 000	−74 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	146 000	113 000	155 000	73 000
Total Current Assets	2 651 000	3 023 000	2 053 000	2 434 000
Total Assets	2 798 000	3 136 000	2 208 000	2 507 000
Total Retained Equity	2 762 000	2 840 000	2 157 000	2 318 000
Total Equity	2 912 000	2 990 000	2 307 000	2 468 000
Total Long-Term Debt	0	5 000	0	0
Total Current Debt	−115 000	141 000	−99 000	40 000
Total Equity and Debt	2 798 000	3 136 000	2 208 000	2 507 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	564 000	1 840 000	156 000	464 000
Other Income	0	0	0	0
Revenue	564 000	1 840 000	156 000	464 000
Cost of Goods Sold	5 000	13 000	12 000	88 000
Salary Costs	308 000	459 000	279 000	313 000
Depreciation	20 000	7 000	2 000	0
Impairment	0	0	0	0
Expenditure	701 000	969 000	404 000	583 000
Operating Profit	−137 000	871 000	−248 000	−119 000
Financial Income	36 000	4 000	43 000	24 000
Financial Costs	0	0	1 000	0
Financial Balance	36 000	4 000	42 000	24 000
Dividends	0	0	0	0
Net Income	−78 000	683 000	−160 000	−74 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	18 000	0	119 000	73 000
Real Eastate	0	0	0	0
Machinery and Plant Facilities	0	0	0	0
Fixtures	123 000	92 000	31 000	0
Total Tangible Assets	123 000	92 000	31 000	0
Total Fiancial Fixed Assets	4 000	21 000	4 000	0
Total Fixed Assets	146 000	113 000	155 000	73 000
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	2 607 000	2 528 000	2 026 000	2 407 000
Total Current Assets	2 651 000	3 023 000	2 053 000	2 434 000
Total Assets	2 798 000	3 136 000	2 208 000	2 507 000
Total Equity	2 912 000	2 990 000	2 307 000	2 468 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	0	5 000	0	0
Creditors	4 000	66 000	3 000	6 000
Unpaid Taxes	−168 000	−53 000	−117 000	20 000
Dividends	0	0	0	0
Other Current Debt	49 000	60 000	15 000	13 000
Total Current Debt	−115 000	141 000	−99 000	40 000
Total Equity and Debt	2 798 000	3 136 000	2 208 000	2 507 000

Financial indicators	2022	2021	2020	2019
Return on Equity	−2,68 %	22,84 %	−6,94 %	−3 %
Debt-to-Equity Ratio	0	0	0	0
Operating Profit Margin	−24,29 %	47,34 %	−158,97 %	−25,65 %
Current Ratio	−23,05	21,44	−20,74	60,85
Quick Ratio	−23,05	21,44	−20,74	60,85
Equity Ratio	1,04	0,95	1,04	0,98
Gross Profit Margin	99,11 %	99,29 %	92,31 %	81,03 %