FINSTART NORDIC AS

0251 OSLO

Finances

Return on Equity

10,79 %

Current Ratio

296,45

Debt-to-Equity Ratio

Key figures (NOK)	2022	2021	2020	2019
Revenue	112 000	2 346 000	4 476 000	2 543 000
Net Income	53 985 000	86 271 000	−81 470 000	30 249 000
Total Assets	500 748 000	446 101 000	430 283 000	501 418 000
Total Equity	500 441 000	445 421 000	361 788 000	403 257 000

Income (NOK)	2022	2021	2020	2019
Revenue	112 000	2 346 000	4 476 000	2 543 000
Expenditure	3 281 000	7 375 000	36 316 000	27 139 000
Operating Profit	−3 170 000	−5 029 000	−31 839 000	−24 596 000
Financial Income	58 085 000	128 181 000	20 067 000	55 027 000
Financial Costs	−686 000	39 884 000	92 836 000	806 000
Financial Balance	58 771 000	88 297 000	−72 769 000	54 221 000
Earnings Before Tax	55 601 000	83 268 000	−104 608 000	29 625 000
Tax	1 616 000	−3 002 000	−23 138 000	−624 000
Net Income	53 985 000	86 271 000	−81 470 000	30 249 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	409 739 000	380 790 000	411 676 000	457 135 000
Total Current Assets	91 009 000	65 311 000	18 608 000	44 282 000
Total Assets	500 748 000	446 101 000	430 283 000	501 418 000
Total Retained Equity	138 654 000	83 633 000	0	36 446 000
Total Equity	500 441 000	445 421 000	361 788 000	403 257 000
Total Long-Term Debt	0	0	7 014 000	21 732 000
Total Current Debt	307 000	680 000	61 481 000	76 428 000
Total Equity and Debt	500 748 000	446 101 000	430 283 000	501 418 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	112 000	300 000	0	0
Other Income	0	2 046 000	4 476 000	2 543 000
Revenue	112 000	2 346 000	4 476 000	2 543 000
Cost of Goods Sold	112 000	13 000	0	0
Salary Costs	1 622 000	2 424 000	13 457 000	11 140 000
Depreciation	0	2 812 000	6 174 000	4 091 000
Impairment	0	−3 775 000	10 925 000	0
Expenditure	3 281 000	7 375 000	36 316 000	27 139 000
Operating Profit	−3 170 000	−5 029 000	−31 839 000	−24 596 000
Financial Income	58 085 000	128 181 000	20 067 000	55 027 000
Financial Costs	−686 000	39 884 000	92 836 000	806 000
Financial Balance	58 771 000	88 297 000	−72 769 000	54 221 000
Dividends	0	0	0	39 000 000
Net Income	53 985 000	86 271 000	−81 470 000	30 249 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	10 236 000	10 513 000	7 282 000	0
Real Eastate	0	0	6 702 000	7 656 000
Machinery and Plant Facilities	0	0	0	0
Fixtures	0	0	2 097 000	11 066 000
Total Tangible Assets	0	0	8 799 000	18 722 000
Total Fiancial Fixed Assets	399 503 000	370 276 000	395 595 000	438 413 000
Total Fixed Assets	409 739 000	380 790 000	411 676 000	457 135 000
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	71 991 000	62 297 000	283 000	460 000
Total Current Assets	91 009 000	65 311 000	18 608 000	44 282 000
Total Assets	500 748 000	446 101 000	430 283 000	501 418 000
Total Equity	500 441 000	445 421 000	361 788 000	403 257 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	0	0	7 014 000	21 732 000
Creditors	44 000	305 000	347 000	768 000
Unpaid Taxes	107 000	83 000	596 000	1 016 000
Dividends	0	0	0	39 000 000
Other Current Debt	155 000	292 000	10 410 000	3 526 000
Total Current Debt	307 000	680 000	61 481 000	76 428 000
Total Equity and Debt	500 748 000	446 101 000	430 283 000	501 418 000

Financial indicators	2022	2021	2020	2019
Return on Equity	10,79 %	19,37 %	−22,52 %	7,5 %
Debt-to-Equity Ratio	0	0	0,02	0,05
Operating Profit Margin	−2 830,36 %	−214,36 %	−711,33 %	−967,2 %
Current Ratio	296,45	96,05	0,3	0,58
Quick Ratio	296,45	96,05	0,3	0,58
Equity Ratio	1	1	0,84	0,8
Gross Profit Margin	0 %	99,45 %	100 %	100 %