CUTTING EDGE FRISØR AS

9008 TROMSØ

Finances

Share Ownership

Return on Equity

164,1 %

Current Ratio

0,7

Debt-to-Equity Ratio

−0

Key figures (NOK)	2022	2021	2020	2019
Revenue	979 000	1 628 000	1 724 000	1 657 000
Net Income	−64 000	8 000	130 000	−98 000
Total Assets	90 000	263 000	389 000	208 000
Total Equity	−39 000	25 000	17 000	−113 000

Income (NOK)	2022	2021	2020	2019
Revenue	979 000	1 628 000	1 724 000	1 657 000
Expenditure	1 034 000	1 619 000	1 582 000	1 714 000
Operating Profit	−56 000	9 000	143 000	−58 000
Financial Income	0	0	0	0
Financial Costs	8 000	1 000	13 000	40 000
Financial Balance	−8 000	−1 000	−13 000	−40 000
Earnings Before Tax	−64 000	8 000	130 000	−98 000
Tax	0	0	0	0
Net Income	−64 000	8 000	130 000	−98 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	0	0	0	0
Total Current Assets	90 000	263 000	389 000	208 000
Total Assets	90 000	263 000	389 000	208 000
Total Retained Equity	−139 000	−75 000	−83 000	−213 000
Total Equity	−39 000	25 000	17 000	−113 000
Total Long-Term Debt	0	0	0	0
Total Current Debt	129 000	238 000	372 000	321 000
Total Equity and Debt	90 000	263 000	389 000	208 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	979 000	1 530 000	1 636 000	1 561 000
Other Income	0	98 000	89 000	96 000
Revenue	979 000	1 628 000	1 724 000	1 657 000
Cost of Goods Sold	205 000	434 000	268 000	261 000
Salary Costs	515 000	756 000	871 000	941 000
Depreciation	0	0	0	0
Impairment	0	0	0	0
Expenditure	1 034 000	1 619 000	1 582 000	1 714 000
Operating Profit	−56 000	9 000	143 000	−58 000
Financial Income	0	0	0	0
Financial Costs	8 000	1 000	13 000	40 000
Financial Balance	−8 000	−1 000	−13 000	−40 000
Dividends	0	0	0	0
Net Income	−64 000	8 000	130 000	−98 000

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	0	0	0	0
Total Fixed Assets	0	0	0	0
Stock	60 000	169 000	250 000	109 000
Total Investments	0	0	0	0
Cash, Bank	30 000	65 000	110 000	81 000
Total Current Assets	90 000	263 000	389 000	208 000
Total Assets	90 000	263 000	389 000	208 000
Total Equity	−39 000	25 000	17 000	−113 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	0	0	0	0
Creditors	28 000	59 000	80 000	44 000
Unpaid Taxes	53 000	95 000	108 000	96 000
Dividends	0	0	0	0
Other Current Debt	48 000	84 000	183 000	181 000
Total Current Debt	129 000	238 000	372 000	321 000
Total Equity and Debt	90 000	263 000	389 000	208 000

Financial indicators	2022	2021	2020	2019
Return on Equity	164,1 %	32 %	764,71 %	86,73 %
Debt-to-Equity Ratio	−0	0	0	−0
Operating Profit Margin	−5,72 %	0,55 %	8,29 %	−3,5 %
Current Ratio	0,7	1,11	1,05	0,65
Quick Ratio	1,3	3,81	3,19	0,98
Equity Ratio	−0,43	0,1	0,04	−0,54
Gross Profit Margin	79,06 %	73,34 %	84,45 %	84,25 %