EQUINE FUSION AS

4031 STAVANGER

Finances

Return on Equity

33,54 %

Current Ratio

3,43

Debt-to-Equity Ratio

0,28

Key figures (NOK)	2022	2021	2020	2019
Revenue	20 360 000	23 540 000	24 794 000	17 474 000
Net Income	2 739 000	2 537 000	3 098 000	804 000
Total Assets	14 465 000	15 564 000	14 861 000	8 951 000
Total Equity	8 167 000	10 427 000	9 890 000	6 672 000

Income (NOK)	2022	2021	2020	2019
Revenue	20 360 000	23 540 000	24 794 000	17 474 000
Expenditure	16 968 000	19 857 000	20 850 000	16 646 000
Operating Profit	3 392 000	3 683 000	3 944 000	827 000
Financial Income	1 372 000	663 000	9 000	16 000
Financial Costs	1 328 000	1 254 000	124 000	40 000
Financial Balance	44 000	−591 000	−115 000	−24 000
Earnings Before Tax	3 437 000	3 093 000	3 829 000	804 000
Tax	697 000	556 000	731 000	0
Net Income	2 739 000	2 537 000	3 098 000	804 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	669 000	850 000	1 084 000	625 000
Total Current Assets	13 796 000	14 714 000	13 777 000	8 326 000
Total Assets	14 465 000	15 564 000	14 861 000	8 951 000
Total Retained Equity	5 518 000	7 778 000	7 241 000	4 038 000
Total Equity	8 167 000	10 427 000	9 890 000	6 672 000
Total Long-Term Debt	2 275 000	2 838 000	2 988 000	638 000
Total Current Debt	4 024 000	2 299 000	1 983 000	1 642 000
Total Equity and Debt	14 465 000	15 564 000	14 861 000	8 951 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	20 360 000	23 540 000	24 794 000	17 474 000
Other Income	0	0	0	0
Revenue	20 360 000	23 540 000	24 794 000	17 474 000
Cost of Goods Sold	9 485 000	10 492 000	13 058 000	9 184 000
Salary Costs	4 413 000	5 319 000	4 221 000	4 612 000
Depreciation	382 000	430 000	420 000	494 000
Impairment	0	0	0	0
Expenditure	16 968 000	19 857 000	20 850 000	16 646 000
Operating Profit	3 392 000	3 683 000	3 944 000	827 000
Financial Income	1 372 000	663 000	9 000	16 000
Financial Costs	1 328 000	1 254 000	124 000	40 000
Financial Balance	44 000	−591 000	−115 000	−24 000
Dividends	5 000 000	2 000 000	0	0
Net Income	2 739 000	2 537 000	3 098 000	804 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	235 000	317 000	439 000	436 000
Real Eastate	0	0	0	0
Machinery and Plant Facilities	0	0	0	0
Fixtures	434 000	532 000	645 000	184 000
Total Tangible Assets	434 000	532 000	645 000	184 000
Total Fiancial Fixed Assets	0	0	0	5 000
Total Fixed Assets	669 000	850 000	1 084 000	625 000
Stock	4 823 000	4 046 000	3 680 000	125 000
Total Investments	0	0	0	0
Cash, Bank	7 350 000	9 117 000	7 602 000	6 177 000
Total Current Assets	13 796 000	14 714 000	13 777 000	8 326 000
Total Assets	14 465 000	15 564 000	14 861 000	8 951 000
Total Equity	8 167 000	10 427 000	9 890 000	6 672 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	2 275 000	2 838 000	2 988 000	638 000
Creditors	633 000	1 413 000	363 000	741 000
Unpaid Taxes	235 000	313 000	364 000	303 000
Dividends	5 000 000	2 000 000	0	0
Other Current Debt	2 910 000	574 000	526 000	598 000
Total Current Debt	4 024 000	2 299 000	1 983 000	1 642 000
Total Equity and Debt	14 465 000	15 564 000	14 861 000	8 951 000

Financial indicators	2022	2021	2020	2019
Return on Equity	33,54 %	24,33 %	31,32 %	12,05 %
Debt-to-Equity Ratio	0,28	0,27	0,3	0,1
Operating Profit Margin	16,66 %	15,65 %	15,91 %	4,73 %
Current Ratio	3,43	6,4	6,95	5,07
Quick Ratio	−17,27	−8,42	−8,12	5,49
Equity Ratio	0,56	0,67	0,67	0,75
Gross Profit Margin	53,41 %	55,43 %	47,33 %	47,44 %