PICASSO AS

9405 HARSTAD

Finances

Return on Equity

−1,95 %

Current Ratio

0,3

Debt-to-Equity Ratio

0,43

Key figures (NOK)	2022	2021	2020	2019
Revenue	4 305 000	4 658 000	1 344 000	666 000
Net Income	−625 000	2 492 000	2 487 000	4 267 000
Total Assets	55 419 000	53 660 000	55 070 000	54 734 000
Total Equity	32 086 000	32 069 000	29 577 000	27 090 000

Income (NOK)	2022	2021	2020	2019
Revenue	4 305 000	4 658 000	1 344 000	666 000
Expenditure	3 200 000	3 178 000	1 845 000	2 152 000
Operating Profit	1 104 000	1 481 000	−501 000	−1 486 000
Financial Income	758 000	1 802 000	4 750 000	7 626 000
Financial Costs	2 250 000	363 000	845 000	1 864 000
Financial Balance	−1 492 000	1 439 000	3 905 000	5 762 000
Earnings Before Tax	−388 000	2 920 000	3 404 000	4 276 000
Tax	237 000	428 000	917 000	8 000
Net Income	−625 000	2 492 000	2 487 000	4 267 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	52 573 000	51 590 000	47 511 000	50 173 000
Total Current Assets	2 847 000	2 070 000	7 560 000	4 561 000
Total Assets	55 419 000	53 660 000	55 070 000	54 734 000
Total Retained Equity	30 870 000	30 853 000	28 361 000	25 874 000
Total Equity	32 086 000	32 069 000	29 577 000	27 090 000
Total Long-Term Debt	13 715 000	13 562 000	16 549 000	18 533 000
Total Current Debt	9 618 000	8 028 000	8 945 000	9 111 000
Total Equity and Debt	55 419 000	53 660 000	55 070 000	54 734 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	3 840 000	4 338 000	935 000	636 000
Other Income	465 000	320 000	409 000	30 000
Revenue	4 305 000	4 658 000	1 344 000	666 000
Cost of Goods Sold	192 000	183 000	78 000	0
Salary Costs	2 482 000	2 367 000	1 362 000	1 383 000
Depreciation	56 000	53 000	37 000	36 000
Impairment	0	0	0	0
Expenditure	3 200 000	3 178 000	1 845 000	2 152 000
Operating Profit	1 104 000	1 481 000	−501 000	−1 486 000
Financial Income	758 000	1 802 000	4 750 000	7 626 000
Financial Costs	2 250 000	363 000	845 000	1 864 000
Financial Balance	−1 492 000	1 439 000	3 905 000	5 762 000
Dividends	0	0	0	0
Net Income	−625 000	2 492 000	2 487 000	4 267 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	520 000	762 000	1 236 000	2 158 000
Real Eastate	1 203 000	1 238 000	1 249 000	1 280 000
Machinery and Plant Facilities	0	0	0	0
Fixtures	240 000	256 000	198 000	102 000
Total Tangible Assets	1 443 000	1 494 000	1 447 000	1 382 000
Total Fiancial Fixed Assets	50 610 000	49 334 000	44 828 000	46 632 000
Total Fixed Assets	52 573 000	51 590 000	47 511 000	50 173 000
Stock	0	0	0	0
Total Investments	787 000	1 003 000	691 000	769 000
Cash, Bank	99 000	95 000	61 000	64 000
Total Current Assets	2 847 000	2 070 000	7 560 000	4 561 000
Total Assets	55 419 000	53 660 000	55 070 000	54 734 000
Total Equity	32 086 000	32 069 000	29 577 000	27 090 000
Short-Term Group Debt	1 140 000	1 000 000	1 084 000	941 000
Total Long-Term Debt	13 715 000	13 562 000	16 549 000	18 533 000
Creditors	30 000	103 000	61 000	86 000
Unpaid Taxes	126 000	191 000	74 000	70 000
Dividends	0	0	0	0
Other Current Debt	3 285 000	3 254 000	3 988 000	4 008 000
Total Current Debt	9 618 000	8 028 000	8 945 000	9 111 000
Total Equity and Debt	55 419 000	53 660 000	55 070 000	54 734 000

Financial indicators	2022	2021	2020	2019
Return on Equity	−1,95 %	7,77 %	8,41 %	15,75 %
Debt-to-Equity Ratio	0,43	0,42	0,56	0,68
Operating Profit Margin	25,64 %	31,79 %	−37,28 %	−223,12 %
Current Ratio	0,3	0,26	0,85	0,5
Quick Ratio	0,3	0,26	0,85	0,5
Equity Ratio	0,58	0,6	0,54	0,49
Gross Profit Margin	95,54 %	96,07 %	94,2 %	100 %