REKNES ACADEMY AS

3060 SVELVIK

Finances

Share Ownership

Return on Equity

−97,09 %

Current Ratio

11,55

Debt-to-Equity Ratio

Key figures (NOK)	2022	2021	2020	2019
Revenue	4 000	149 000	937 000	2 138 000
Net Income	−267 000	−295 000	−193 000	818 000
Total Assets	295 000	685 000	921 000	1 350 000
Total Equity	275 000	542 000	836 000	1 029 000

Income (NOK)	2022	2021	2020	2019
Revenue	4 000	149 000	937 000	2 138 000
Expenditure	292 000	506 000	1 129 000	1 190 000
Operating Profit	−288 000	−357 000	−192 000	948 000
Financial Income	0	1 000	1 000	1 000
Financial Costs	0	0	2 000	2 000
Financial Balance	0	1 000	−1 000	−1 000
Earnings Before Tax	−288 000	−356 000	−193 000	947 000
Tax	−21 000	−61 000	0	129 000
Net Income	−267 000	−295 000	−193 000	818 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	65 000	65 000	503 000	594 000
Total Current Assets	231 000	620 000	418 000	757 000
Total Assets	295 000	685 000	921 000	1 350 000
Total Retained Equity	175 000	442 000	736 000	929 000
Total Equity	275 000	542 000	836 000	1 029 000
Total Long-Term Debt	0	21 000	21 000	21 000
Total Current Debt	20 000	122 000	63 000	300 000
Total Equity and Debt	295 000	685 000	921 000	1 350 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	4 000	3 000	919 000	2 138 000
Other Income	0	146 000	18 000	0
Revenue	4 000	149 000	937 000	2 138 000
Cost of Goods Sold	0	0	0	3 000
Salary Costs	29 000	290 000	314 000	457 000
Depreciation	0	82 000	106 000	12 000
Impairment	0	0	0	0
Expenditure	292 000	506 000	1 129 000	1 190 000
Operating Profit	−288 000	−357 000	−192 000	948 000
Financial Income	0	1 000	1 000	1 000
Financial Costs	0	0	2 000	2 000
Financial Balance	0	1 000	−1 000	−1 000
Dividends	0	0	0	0
Net Income	−267 000	−295 000	−193 000	818 000

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	438 000	529 000
Total Tangible Assets	0	0	438 000	529 000
Total Fiancial Fixed Assets	65 000	65 000	65 000	65 000
Total Fixed Assets	65 000	65 000	503 000	594 000
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	225 000	619 000	418 000	675 000
Total Current Assets	231 000	620 000	418 000	757 000
Total Assets	295 000	685 000	921 000	1 350 000
Total Equity	275 000	542 000	836 000	1 029 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	0	21 000	21 000	21 000
Creditors	4 000	17 000	27 000	72 000
Unpaid Taxes	0	29 000	2 000	76 000
Dividends	0	0	0	0
Other Current Debt	16 000	77 000	34 000	44 000
Total Current Debt	20 000	122 000	63 000	300 000
Total Equity and Debt	295 000	685 000	921 000	1 350 000

Financial indicators	2022	2021	2020	2019
Return on Equity	−97,09 %	−54,43 %	−23,09 %	79,49 %
Debt-to-Equity Ratio	0	0,04	0,03	0,02
Operating Profit Margin	−7 200 %	−239,6 %	−20,49 %	44,34 %
Current Ratio	11,55	5,08	6,63	2,52
Quick Ratio	11,55	5,08	6,63	2,52
Equity Ratio	0,93	0,79	0,91	0,76
Gross Profit Margin	100 %	100 %	100 %	99,86 %