THE ASSOCIATION FOR THE EXTRACTIVE INDUSTRIES TRANSPARENCY INITIATIVE (EITI)

0151 OSLO

Finances

Share Ownership

Return on Equity

−12,33 %

Current Ratio

1,68

Debt-to-Equity Ratio

Key figures (NOK)	2022	2021	2020
Revenue	83 001 000	75 206 000	58 040 000
Net Income	−3 716 000	7 658 000	5 239 000
Total Assets	68 335 000	57 327 000	38 936 000
Total Equity	30 132 000	33 848 000	26 190 000

Income (NOK)	2022	2021	2020
Revenue	83 001 000	75 206 000	58 040 000
Expenditure	91 818 000	67 561 000	52 643 000
Operating Profit	−8 817 000	7 646 000	5 397 000
Financial Income	12 205 000	809 000	259 000
Financial Costs	7 103 000	797 000	417 000
Financial Balance	5 102 000	12 000	−158 000
Earnings Before Tax	−3 716 000	7 658 000	5 239 000
Tax	0	0	0
Net Income	−3 716 000	7 658 000	5 239 000

Balance (NOK)	2022	2021	2020
Total Fixed Assets	4 019 000	3 339 000	966 000
Total Current Assets	64 316 000	53 987 000	37 969 000
Total Assets	68 335 000	57 327 000	38 936 000
Total Retained Equity	30 132 000	33 848 000	26 190 000
Total Equity	30 132 000	33 848 000	26 190 000
Total Long-Term Debt	0	0	0
Total Current Debt	38 203 000	23 479 000	12 746 000
Total Equity and Debt	68 335 000	57 327 000	38 936 000

Cash flow (NOK)	2022	2021	2020
Sales Income	0	0	58 027 000
Other Income	83 001 000	75 206 000	13 000
Revenue	83 001 000	75 206 000	58 040 000
Cost of Goods Sold	0	0	0
Salary Costs	34 920 000	34 969 000	35 158 000
Depreciation	1 397 000	610 000	0
Impairment	0	0	438 000
Expenditure	91 818 000	67 561 000	52 643 000
Operating Profit	−8 817 000	7 646 000	5 397 000
Financial Income	12 205 000	809 000	259 000
Financial Costs	7 103 000	797 000	417 000
Financial Balance	5 102 000	12 000	−158 000
Dividends	0	0	0
Net Income	−3 716 000	7 658 000	5 239 000

Balance details (NOK)	2022	2021	2020
Goodwill	0	0	0
Total Intangible Assets	3 257 000	2 412 000	0
Real Eastate	0	0	0
Machinery and Plant Facilities	0	0	966 000
Fixtures	762 000	927 000	0
Total Tangible Assets	762 000	927 000	966 000
Total Fiancial Fixed Assets	0	0	0
Total Fixed Assets	4 019 000	3 339 000	966 000
Stock	0	0	0
Total Investments	0	0	0
Cash, Bank	47 404 000	46 961 000	34 993 000
Total Current Assets	64 316 000	53 987 000	37 969 000
Total Assets	68 335 000	57 327 000	38 936 000
Total Equity	30 132 000	33 848 000	26 190 000
Short-Term Group Debt	0	0	0
Total Long-Term Debt	0	0	0
Creditors	8 532 000	2 090 000	1 878 000
Unpaid Taxes	1 921 000	2 298 000	2 430 000
Dividends	0	0	0
Other Current Debt	27 750 000	19 091 000	8 438 000
Total Current Debt	38 203 000	23 479 000	12 746 000
Total Equity and Debt	68 335 000	57 327 000	38 936 000

Financial indicators	2022	2021	2020
Return on Equity	−12,33 %	22,62 %	20 %
Debt-to-Equity Ratio	0	0	0
Operating Profit Margin	−10,62 %	10,17 %	9,3 %
Current Ratio	1,68	2,3	2,98
Quick Ratio	1,68	2,3	2,98
Equity Ratio	0,44	0,59	0,67
Gross Profit Margin	100 %	100 %	100 %