RADIANCE AS

4025 STAVANGER

Finances

Return on Equity

−10,6 %

Current Ratio

12,1

Debt-to-Equity Ratio

Key figures (NOK)	2022	2021	2020	2019
Revenue	35 000	0	0	0
Net Income	−1 892 000	682 000	2 120 000	2 274 000
Total Assets	19 311 000	23 161 000	22 507 000	20 377 000
Total Equity	17 849 000	21 156 000	21 474 000	19 354 000

Income (NOK)	2022	2021	2020	2019
Revenue	35 000	0	0	0
Expenditure	477 000	372 000	178 000	199 000
Operating Profit	−442 000	−372 000	−178 000	−199 000
Financial Income	307 000	2 011 000	2 424 000	2 803 000
Financial Costs	1 757 000	957 000	126 000	330 000
Financial Balance	−1 450 000	1 054 000	2 298 000	2 473 000
Earnings Before Tax	−1 892 000	682 000	2 120 000	2 274 000
Tax	0	0	0	0
Net Income	−1 892 000	682 000	2 120 000	2 274 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	1 632 000	2 035 000	2 336 000	4 295 000
Total Current Assets	17 678 000	21 126 000	20 171 000	16 082 000
Total Assets	19 311 000	23 161 000	22 507 000	20 377 000
Total Retained Equity	12 210 000	14 544 000	14 861 000	12 742 000
Total Equity	17 849 000	21 156 000	21 474 000	19 354 000
Total Long-Term Debt	0	0	0	0
Total Current Debt	1 461 000	2 005 000	1 034 000	1 023 000
Total Equity and Debt	19 311 000	23 161 000	22 507 000	20 377 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	35 000	0	0	0
Other Income	0	0	0	0
Revenue	35 000	0	0	0
Cost of Goods Sold	94 000	0	0	0
Salary Costs	0	0	0	0
Depreciation	0	0	0	0
Impairment	0	0	0	0
Expenditure	477 000	372 000	178 000	199 000
Operating Profit	−442 000	−372 000	−178 000	−199 000
Financial Income	307 000	2 011 000	2 424 000	2 803 000
Financial Costs	1 757 000	957 000	126 000	330 000
Financial Balance	−1 450 000	1 054 000	2 298 000	2 473 000
Dividends	0	0	0	0
Net Income	−1 892 000	682 000	2 120 000	2 274 000

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	1 632 000	2 035 000	2 336 000	4 295 000
Total Fixed Assets	1 632 000	2 035 000	2 336 000	4 295 000
Stock	0	0	0	0
Total Investments	15 114 000	20 933 000	17 138 000	15 924 000
Cash, Bank	2 516 000	93 000	3 033 000	158 000
Total Current Assets	17 678 000	21 126 000	20 171 000	16 082 000
Total Assets	19 311 000	23 161 000	22 507 000	20 377 000
Total Equity	17 849 000	21 156 000	21 474 000	19 354 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	0	0	0	0
Creditors	2 000	3 000	2 000	0
Unpaid Taxes	0	0	0	0
Dividends	0	0	0	0
Other Current Debt	1 460 000	1 002 000	1 032 000	1 023 000
Total Current Debt	1 461 000	2 005 000	1 034 000	1 023 000
Total Equity and Debt	19 311 000	23 161 000	22 507 000	20 377 000

Financial indicators	2022	2021	2020	2019
Return on Equity	−10,6 %	3,22 %	9,87 %	11,75 %
Debt-to-Equity Ratio	0	0	0	0
Operating Profit Margin	−1 262,86 %	-	-	-
Current Ratio	12,1	10,54	19,51	15,72
Quick Ratio	12,1	10,54	19,51	15,72
Equity Ratio	0,92	0,91	0,95	0,95
Gross Profit Margin	−168,57 %	-	-	-