ECONET AS

0870 OSLO

Finances

Return on Equity

−0,87 %

Current Ratio

4,89

Debt-to-Equity Ratio

8,66

Key figures (NOK)	2022	2021	2020	2019
Revenue	513 000	0	0	39 000
Net Income	−2 000	−132 000	120 000	125 000
Total Assets	2 801 000	2 484 000	2 611 000	2 582 000
Total Equity	231 000	483 000	615 000	495 000

Income (NOK)	2022	2021	2020	2019
Revenue	513 000	0	0	39 000
Expenditure	345 000	6 000	25 000	31 000
Operating Profit	168 000	−6 000	−25 000	8 000
Financial Income	−133 000	0	141 000	120 000
Financial Costs	0	127 000	0	0
Financial Balance	−133 000	−127 000	141 000	120 000
Earnings Before Tax	35 000	−133 000	115 000	128 000
Tax	37 000	−2 000	−5 000	3 000
Net Income	−2 000	−132 000	120 000	125 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	15 000	26 000	9 000	5 000
Total Current Assets	2 787 000	2 458 000	2 602 000	2 578 000
Total Assets	2 801 000	2 484 000	2 611 000	2 582 000
Total Retained Equity	96 000	347 000	479 000	359 000
Total Equity	231 000	483 000	615 000	495 000
Total Long-Term Debt	2 000 000	2 000 000	2 000 000	2 000 000
Total Current Debt	570 000	1 000	−3 000	87 000
Total Equity and Debt	2 801 000	2 484 000	2 611 000	2 582 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	513 000	0	0	39 000
Other Income	0	0	0	0
Revenue	513 000	0	0	39 000
Cost of Goods Sold	0	0	0	0
Salary Costs	332 000	0	0	0
Depreciation	0	0	0	0
Impairment	0	0	0	0
Expenditure	345 000	6 000	25 000	31 000
Operating Profit	168 000	−6 000	−25 000	8 000
Financial Income	−133 000	0	141 000	120 000
Financial Costs	0	127 000	0	0
Financial Balance	−133 000	−127 000	141 000	120 000
Dividends	250 000	0	0	0
Net Income	−2 000	−132 000	120 000	125 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	0	11 000	9 000	5 000
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	15 000	15 000	0	0
Total Fixed Assets	15 000	26 000	9 000	5 000
Stock	0	0	0	0
Total Investments	2 191 000	2 324 000	2 450 000	2 450 000
Cash, Bank	250 000	14 000	110 000	97 000
Total Current Assets	2 787 000	2 458 000	2 602 000	2 578 000
Total Assets	2 801 000	2 484 000	2 611 000	2 582 000
Total Equity	231 000	483 000	615 000	495 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	2 000 000	2 000 000	2 000 000	2 000 000
Creditors	12 000	1 000	−1 000	1 000
Unpaid Taxes	267 000	0	−2 000	0
Dividends	250 000	0	0	0
Other Current Debt	265 000	0	0	86 000
Total Current Debt	570 000	1 000	−3 000	87 000
Total Equity and Debt	2 801 000	2 484 000	2 611 000	2 582 000

Financial indicators	2022	2021	2020	2019
Return on Equity	−0,87 %	−27,33 %	19,51 %	25,25 %
Debt-to-Equity Ratio	8,66	4,14	3,25	4,04
Operating Profit Margin	32,75 %	-	-	20,51 %
Current Ratio	4,89	2 458	−867,33	29,63
Quick Ratio	4,89	2 458	−867,33	29,63
Equity Ratio	0,08	0,19	0,24	0,19
Gross Profit Margin	100 %	-	-	100 %