ASIA CITY AS

1607 FREDRIKSTAD

Finances

Share Ownership

Return on Equity

−1 159,38 %

Current Ratio

0,57

Debt-to-Equity Ratio

Key figures (NOK)	2022	2021	2020	2019
Revenue	3 486 000	3 462 000	4 165 000	4 378 000
Net Income	−1 113 000	−85 000	−280 000	−138 000
Total Assets	900 000	1 562 000	1 756 000	1 980 000
Total Equity	96 000	1 209 000	1 293 000	1 574 000

Income (NOK)	2022	2021	2020	2019
Revenue	3 486 000	3 462 000	4 165 000	4 378 000
Expenditure	4 599 000	3 551 000	4 442 000	4 512 000
Operating Profit	−1 113 000	−89 000	−277 000	−133 000
Financial Income	0	4 000	0	4 000
Financial Costs	0	0	3 000	8 000
Financial Balance	0	4 000	−3 000	−4 000
Earnings Before Tax	−1 113 000	−85 000	−280 000	−138 000
Tax	0	0	0	0
Net Income	−1 113 000	−85 000	−280 000	−138 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	444 000	786 000	828 000	598 000
Total Current Assets	456 000	776 000	928 000	1 382 000
Total Assets	900 000	1 562 000	1 756 000	1 980 000
Total Retained Equity	−633 000	480 000	564 000	845 000
Total Equity	96 000	1 209 000	1 293 000	1 574 000
Total Long-Term Debt	0	0	0	0
Total Current Debt	804 000	353 000	462 000	406 000
Total Equity and Debt	900 000	1 562 000	1 756 000	1 980 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	3 425 000	3 236 000	4 145 000	4 378 000
Other Income	61 000	225 000	21 000	0
Revenue	3 486 000	3 462 000	4 165 000	4 378 000
Cost of Goods Sold	1 025 000	1 106 000	1 016 000	925 000
Salary Costs	2 338 000	1 569 000	1 773 000	1 810 000
Depreciation	94 000	92 000	195 000	182 000
Impairment	0	0	0	0
Expenditure	4 599 000	3 551 000	4 442 000	4 512 000
Operating Profit	−1 113 000	−89 000	−277 000	−133 000
Financial Income	0	4 000	0	4 000
Financial Costs	0	0	3 000	8 000
Financial Balance	0	4 000	−3 000	−4 000
Dividends	0	0	0	0
Net Income	−1 113 000	−85 000	−280 000	−138 000

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	256 000	350 000	396 000	166 000
Total Tangible Assets	256 000	350 000	396 000	166 000
Total Fiancial Fixed Assets	188 000	436 000	432 000	432 000
Total Fixed Assets	444 000	786 000	828 000	598 000
Stock	86 000	85 000	156 000	148 000
Total Investments	0	0	0	0
Cash, Bank	291 000	656 000	735 000	1 196 000
Total Current Assets	456 000	776 000	928 000	1 382 000
Total Assets	900 000	1 562 000	1 756 000	1 980 000
Total Equity	96 000	1 209 000	1 293 000	1 574 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	0	0	0	0
Creditors	41 000	47 000	155 000	40 000
Unpaid Taxes	262 000	161 000	132 000	181 000
Dividends	0	0	0	0
Other Current Debt	501 000	145 000	174 000	186 000
Total Current Debt	804 000	353 000	462 000	406 000
Total Equity and Debt	900 000	1 562 000	1 756 000	1 980 000

Financial indicators	2022	2021	2020	2019
Return on Equity	−1 159,38 %	−7,03 %	−21,66 %	−8,77 %
Debt-to-Equity Ratio	0	0	0	0
Operating Profit Margin	−31,93 %	−2,57 %	−6,65 %	−3,04 %
Current Ratio	0,57	2,2	2,01	3,4
Quick Ratio	0,64	2,9	3,03	5,36
Equity Ratio	0,11	0,77	0,74	0,79
Gross Profit Margin	70,6 %	68,05 %	75,61 %	78,87 %