BELIEF AS

0160 OSLO

Finances

Return on Equity

−55,19 %

Current Ratio

2,82

Debt-to-Equity Ratio

Key figures (NOK)	2022	2021	2020	2019
Revenue	0	0	632 000	2 217 000
Net Income	−117 000	−37 000	45 000	248 000
Total Assets	315 000	409 000	453 000	1 002 000
Total Equity	212 000	329 000	366 000	321 000

Income (NOK)	2022	2021	2020	2019
Revenue	0	0	632 000	2 217 000
Expenditure	16 000	32 000	542 000	1 869 000
Operating Profit	−16 000	−32 000	91 000	349 000
Financial Income	0	0	49 000	5 000
Financial Costs	101 000	5 000	76 000	26 000
Financial Balance	−101 000	−5 000	−27 000	−21 000
Earnings Before Tax	−117 000	−37 000	64 000	327 000
Tax	0	0	19 000	79 000
Net Income	−117 000	−37 000	45 000	248 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	25 000	35 000	10 000	35 000
Total Current Assets	290 000	374 000	443 000	968 000
Total Assets	315 000	409 000	453 000	1 002 000
Total Retained Equity	92 000	209 000	246 000	201 000
Total Equity	212 000	329 000	366 000	321 000
Total Long-Term Debt	0	0	0	0
Total Current Debt	103 000	81 000	87 000	681 000
Total Equity and Debt	315 000	409 000	453 000	1 002 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	0	0	632 000	2 217 000
Other Income	0	0	0	0
Revenue	0	0	632 000	2 217 000
Cost of Goods Sold	0	0	0	27 000
Salary Costs	0	0	445 000	1 453 000
Depreciation	0	0	0	6 000
Impairment	0	0	0	0
Expenditure	16 000	32 000	542 000	1 869 000
Operating Profit	−16 000	−32 000	91 000	349 000
Financial Income	0	0	49 000	5 000
Financial Costs	101 000	5 000	76 000	26 000
Financial Balance	−101 000	−5 000	−27 000	−21 000
Dividends	0	0	0	291 000
Net Income	−117 000	−37 000	45 000	248 000

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	25 000	35 000	10 000	35 000
Total Fixed Assets	25 000	35 000	10 000	35 000
Stock	0	0	0	0
Total Investments	52 000	138 000	174 000	136 000
Cash, Bank	0	0	26 000	354 000
Total Current Assets	290 000	374 000	443 000	968 000
Total Assets	315 000	409 000	453 000	1 002 000
Total Equity	212 000	329 000	366 000	321 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	0	0	0	0
Creditors	0	0	−2 000	7 000
Unpaid Taxes	5 000	5 000	32 000	212 000
Dividends	0	0	0	291 000
Other Current Debt	38 000	38 000	38 000	132 000
Total Current Debt	103 000	81 000	87 000	681 000
Total Equity and Debt	315 000	409 000	453 000	1 002 000

Financial indicators	2022	2021	2020	2019
Return on Equity	−55,19 %	−11,25 %	12,3 %	77,26 %
Debt-to-Equity Ratio	0	0	0	0
Operating Profit Margin	-	-	14,4 %	15,74 %
Current Ratio	2,82	4,62	5,09	1,42
Quick Ratio	2,82	4,62	5,09	1,42
Equity Ratio	0,67	0,8	0,81	0,32
Gross Profit Margin	-	-	100 %	98,78 %