STEEL CITY AS

0370 OSLO

Finances

Return on Equity

9,22 %

Current Ratio

4,89

Debt-to-Equity Ratio

Key figures (NOK)	2022	2021	2020	2019
Revenue	7 239 000	25 763 000	0	0
Net Income	5 498 000	25 404 000	−5 323 000	−6 481 000
Total Assets	71 882 000	70 277 000	45 034 000	48 278 000
Total Equity	59 641 000	54 143 000	28 740 000	34 043 000

Income (NOK)	2022	2021	2020	2019
Revenue	7 239 000	25 763 000	0	0
Expenditure	1 701 000	202 000	85 000	98 000
Operating Profit	5 537 000	25 561 000	−85 000	−98 000
Financial Income	70 000	1 000	8 250 000	−4 975 000
Financial Costs	106 000	158 000	13 488 000	1 408 000
Financial Balance	−36 000	−157 000	−5 238 000	−6 383 000
Earnings Before Tax	5 502 000	25 404 000	−5 323 000	−6 481 000
Tax	4 000	0	0	0
Net Income	5 498 000	25 404 000	−5 323 000	−6 481 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	12 009 000	11 785 000	9 623 000	10 203 000
Total Current Assets	59 873 000	58 492 000	35 411 000	38 075 000
Total Assets	71 882 000	70 277 000	45 034 000	48 278 000
Total Retained Equity	59 501 000	54 003 000	28 600 000	33 923 000
Total Equity	59 641 000	54 143 000	28 740 000	34 043 000
Total Long-Term Debt	0	0	0	0
Total Current Debt	12 241 000	16 134 000	16 294 000	14 235 000
Total Equity and Debt	71 882 000	70 277 000	45 034 000	48 278 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	0	0	0	0
Other Income	7 239 000	25 763 000	0	0
Revenue	7 239 000	25 763 000	0	0
Cost of Goods Sold	0	0	0	0
Salary Costs	0	0	0	0
Depreciation	0	0	0	0
Impairment	0	0	0	0
Expenditure	1 701 000	202 000	85 000	98 000
Operating Profit	5 537 000	25 561 000	−85 000	−98 000
Financial Income	70 000	1 000	8 250 000	−4 975 000
Financial Costs	106 000	158 000	13 488 000	1 408 000
Financial Balance	−36 000	−157 000	−5 238 000	−6 383 000
Dividends	0	0	0	0
Net Income	5 498 000	25 404 000	−5 323 000	−6 481 000

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	37 000	37 000	37 000	37 000
Total Tangible Assets	37 000	37 000	37 000	37 000
Total Fiancial Fixed Assets	11 971 000	11 748 000	9 586 000	10 166 000
Total Fixed Assets	12 009 000	11 785 000	9 623 000	10 203 000
Stock	0	0	0	0
Total Investments	57 594 000	46 718 000	35 326 000	38 019 000
Cash, Bank	179 000	10 774 000	84 000	56 000
Total Current Assets	59 873 000	58 492 000	35 411 000	38 075 000
Total Assets	71 882 000	70 277 000	45 034 000	48 278 000
Total Equity	59 641 000	54 143 000	28 740 000	34 043 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	0	0	0	0
Creditors	18 000	41 000	7 000	10 000
Unpaid Taxes	0	0	0	0
Dividends	0	0	0	0
Other Current Debt	5 436 000	16 093 000	12 761 000	4 580 000
Total Current Debt	12 241 000	16 134 000	16 294 000	14 235 000
Total Equity and Debt	71 882 000	70 277 000	45 034 000	48 278 000

Financial indicators	2022	2021	2020	2019
Return on Equity	9,22 %	46,92 %	−18,52 %	−19,04 %
Debt-to-Equity Ratio	0	0	0	0
Operating Profit Margin	76,49 %	99,22 %	-	-
Current Ratio	4,89	3,63	2,17	2,67
Quick Ratio	4,89	3,63	2,17	2,67
Equity Ratio	0,83	0,77	0,64	0,71
Gross Profit Margin	100 %	100 %	-	-