THE PITCH AS

1608 FREDRIKSTAD

Finances

Return on Equity

−905,11 %

Current Ratio

1,49

Debt-to-Equity Ratio

6,88

Key figures (NOK)	2022	2021	2020	2019
Revenue	13 348 000	15 623 000	14 453 000	19 825 000
Net Income	−1 240 000	554 000	255 000	896 000
Total Assets	3 033 000	5 582 000	4 822 000	5 216 000
Total Equity	137 000	1 377 000	823 000	568 000

Income (NOK)	2022	2021	2020	2019
Revenue	13 348 000	15 623 000	14 453 000	19 825 000
Expenditure	14 607 000	14 921 000	14 125 000	18 930 000
Operating Profit	−1 259 000	701 000	328 000	896 000
Financial Income	29 000	5 000	−1 000	2 000
Financial Costs	11 000	4 000	14 000	2 000
Financial Balance	18 000	1 000	−15 000	0
Earnings Before Tax	−1 240 000	703 000	313 000	896 000
Tax	0	148 000	58 000	0
Net Income	−1 240 000	554 000	255 000	896 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	121 000	36 000	58 000	173 000
Total Current Assets	2 912 000	5 546 000	4 765 000	5 044 000
Total Assets	3 033 000	5 582 000	4 822 000	5 216 000
Total Retained Equity	12 000	1 252 000	698 000	443 000
Total Equity	137 000	1 377 000	823 000	568 000
Total Long-Term Debt	942 000	1 649 000	1 849 000	2 049 000
Total Current Debt	1 954 000	2 555 000	2 150 000	2 599 000
Total Equity and Debt	3 033 000	5 582 000	4 822 000	5 216 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	13 348 000	15 623 000	14 453 000	19 825 000
Other Income	0	0	0	0
Revenue	13 348 000	15 623 000	14 453 000	19 825 000
Cost of Goods Sold	3 711 000	4 073 000	3 345 000	4 474 000
Salary Costs	8 252 000	8 475 000	8 068 000	10 991 000
Depreciation	15 000	13 000	146 000	133 000
Impairment	0	0	0	0
Expenditure	14 607 000	14 921 000	14 125 000	18 930 000
Operating Profit	−1 259 000	701 000	328 000	896 000
Financial Income	29 000	5 000	−1 000	2 000
Financial Costs	11 000	4 000	14 000	2 000
Financial Balance	18 000	1 000	−15 000	0
Dividends	0	0	0	0
Net Income	−1 240 000	554 000	255 000	896 000

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	106 000	13 000	27 000	173 000
Total Tangible Assets	106 000	13 000	27 000	173 000
Total Fiancial Fixed Assets	14 000	23 000	31 000	0
Total Fixed Assets	121 000	36 000	58 000	173 000
Stock	54 000	58 000	54 000	59 000
Total Investments	31 000	32 000	32 000	37 000
Cash, Bank	1 263 000	2 582 000	2 283 000	2 768 000
Total Current Assets	2 912 000	5 546 000	4 765 000	5 044 000
Total Assets	3 033 000	5 582 000	4 822 000	5 216 000
Total Equity	137 000	1 377 000	823 000	568 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	942 000	1 649 000	1 849 000	2 049 000
Creditors	345 000	391 000	289 000	420 000
Unpaid Taxes	790 000	1 116 000	991 000	1 171 000
Dividends	0	0	0	0
Other Current Debt	819 000	901 000	812 000	1 008 000
Total Current Debt	1 954 000	2 555 000	2 150 000	2 599 000
Total Equity and Debt	3 033 000	5 582 000	4 822 000	5 216 000

Financial indicators	2022	2021	2020	2019
Return on Equity	−905,11 %	40,23 %	30,98 %	157,75 %
Debt-to-Equity Ratio	6,88	1,2	2,25	3,61
Operating Profit Margin	−9,43 %	4,49 %	2,27 %	4,52 %
Current Ratio	1,49	2,17	2,22	1,94
Quick Ratio	1,53	2,22	2,27	1,99
Equity Ratio	0,05	0,25	0,17	0,11
Gross Profit Margin	72,2 %	73,93 %	76,86 %	77,43 %