QUALITY IMPROVEMENT INTERNATIONAL AS

0255 OSLO

Finances

Share Ownership

Return on Equity

−30,79 %

Current Ratio

2,07

Debt-to-Equity Ratio

Key figures (NOK)	2022	2021	2020	2019
Revenue	2 648 000	840 000	1 200 000	4 285 000
Net Income	−250 000	−273 000	24 000	−162 000
Total Assets	1 336 000	1 252 000	1 466 000	1 920 000
Total Equity	812 000	1 062 000	1 335 000	1 311 000

Income (NOK)	2022	2021	2020	2019
Revenue	2 648 000	840 000	1 200 000	4 285 000
Expenditure	2 967 000	1 191 000	1 173 000	4 493 000
Operating Profit	−319 000	−352 000	27 000	−208 000
Financial Income	2 000	3 000	4 000	5 000
Financial Costs	3 000	0	0	4 000
Financial Balance	−1 000	3 000	4 000	1 000
Earnings Before Tax	−320 000	−349 000	30 000	−207 000
Tax	−70 000	−76 000	7 000	−45 000
Net Income	−250 000	−273 000	24 000	−162 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	253 000	129 000	59 000	72 000
Total Current Assets	1 083 000	1 123 000	1 406 000	1 848 000
Total Assets	1 336 000	1 252 000	1 466 000	1 920 000
Total Retained Equity	612 000	862 000	1 135 000	1 111 000
Total Equity	812 000	1 062 000	1 335 000	1 311 000
Total Long-Term Debt	0	0	0	0
Total Current Debt	524 000	190 000	131 000	609 000
Total Equity and Debt	1 336 000	1 252 000	1 466 000	1 920 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	2 554 000	592 000	1 072 000	4 285 000
Other Income	94 000	248 000	128 000	0
Revenue	2 648 000	840 000	1 200 000	4 285 000
Cost of Goods Sold	1 051 000	180 000	214 000	1 440 000
Salary Costs	1 452 000	674 000	689 000	2 506 000
Depreciation	11 000	6 000	6 000	4 000
Impairment	0	0	0	0
Expenditure	2 967 000	1 191 000	1 173 000	4 493 000
Operating Profit	−319 000	−352 000	27 000	−208 000
Financial Income	2 000	3 000	4 000	5 000
Financial Costs	3 000	0	0	4 000
Financial Balance	−1 000	3 000	4 000	1 000
Dividends	0	0	0	0
Net Income	−250 000	−273 000	24 000	−162 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	184 000	114 000	39 000	45 000
Real Eastate	0	0	0	0
Machinery and Plant Facilities	0	0	0	0
Fixtures	69 000	15 000	21 000	27 000
Total Tangible Assets	69 000	15 000	21 000	27 000
Total Fiancial Fixed Assets	0	0	0	0
Total Fixed Assets	253 000	129 000	59 000	72 000
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	255 000	983 000	1 062 000	971 000
Total Current Assets	1 083 000	1 123 000	1 406 000	1 848 000
Total Assets	1 336 000	1 252 000	1 466 000	1 920 000
Total Equity	812 000	1 062 000	1 335 000	1 311 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	0	0	0	0
Creditors	100 000	34 000	26 000	35 000
Unpaid Taxes	292 000	82 000	43 000	344 000
Dividends	0	0	0	0
Other Current Debt	131 000	74 000	62 000	230 000
Total Current Debt	524 000	190 000	131 000	609 000
Total Equity and Debt	1 336 000	1 252 000	1 466 000	1 920 000

Financial indicators	2022	2021	2020	2019
Return on Equity	−30,79 %	−25,71 %	1,8 %	−12,36 %
Debt-to-Equity Ratio	0	0	0	0
Operating Profit Margin	−12,05 %	−41,9 %	2,25 %	−4,85 %
Current Ratio	2,07	5,91	10,73	3,03
Quick Ratio	2,07	5,91	10,73	3,03
Equity Ratio	0,61	0,85	0,91	0,68
Gross Profit Margin	60,31 %	78,57 %	82,17 %	66,39 %