EC NORWAY AS

4013 STAVANGER

Finances

Share Ownership

Return on Equity

10,59 %

Current Ratio

Debt-to-Equity Ratio

−1,02

Key figures (NOK)	2022	2021	2020	2019
Revenue	0	0	0	0
Net Income	−132 000	−71 000	−76 000	−190 000
Total Assets	51 000	112 000	153 000	203 000
Total Equity	−1 246 000	−1 114 000	−1 042 000	−966 000

Income (NOK)	2022	2021	2020	2019
Revenue	0	0	0	0
Expenditure	133 000	71 000	76 000	189 000
Operating Profit	−132 000	−71 000	−76 000	−189 000
Financial Income	0	0	0	0
Financial Costs	0	0	0	1 000
Financial Balance	0	0	0	−1 000
Earnings Before Tax	−132 000	−71 000	−76 000	−190 000
Tax	0	0	0	0
Net Income	−132 000	−71 000	−76 000	−190 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	51 000	102 000	152 000	203 000
Total Current Assets	0	11 000	1 000	0
Total Assets	51 000	112 000	153 000	203 000
Total Retained Equity	−1 346 000	−1 214 000	−1 142 000	−1 066 000
Total Equity	−1 246 000	−1 114 000	−1 042 000	−966 000
Total Long-Term Debt	1 273 000	1 213 000	1 187 000	1 161 000
Total Current Debt	24 000	13 000	9 000	9 000
Total Equity and Debt	51 000	112 000	153 000	203 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	0	0	0	0
Other Income	0	0	0	0
Revenue	0	0	0	0
Cost of Goods Sold	61 000	0	0	0
Salary Costs	0	0	0	0
Depreciation	51 000	51 000	51 000	150 000
Impairment	0	0	0	0
Expenditure	133 000	71 000	76 000	189 000
Operating Profit	−132 000	−71 000	−76 000	−189 000
Financial Income	0	0	0	0
Financial Costs	0	0	0	1 000
Financial Balance	0	0	0	−1 000
Dividends	0	0	0	0
Net Income	−132 000	−71 000	−76 000	−190 000

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	51 000	102 000	152 000	203 000
Fixtures	0	0	0	0
Total Tangible Assets	51 000	102 000	152 000	203 000
Total Fiancial Fixed Assets	0	0	0	0
Total Fixed Assets	51 000	102 000	152 000	203 000
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	0	11 000	1 000	0
Total Current Assets	0	11 000	1 000	0
Total Assets	51 000	112 000	153 000	203 000
Total Equity	−1 246 000	−1 114 000	−1 042 000	−966 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	1 273 000	1 213 000	1 187 000	1 161 000
Creditors	0	5 000	0	0
Unpaid Taxes	0	0	0	0
Dividends	0	0	0	0
Other Current Debt	9 000	9 000	9 000	9 000
Total Current Debt	24 000	13 000	9 000	9 000
Total Equity and Debt	51 000	112 000	153 000	203 000

Financial indicators	2022	2021	2020	2019
Return on Equity	10,59 %	6,37 %	7,29 %	19,67 %
Debt-to-Equity Ratio	−1,02	−1,09	−1,14	−1,2
Operating Profit Margin	-	-	-	-
Current Ratio	0	0,85	0,11	0
Quick Ratio	0	0,85	0,11	0
Equity Ratio	−24,43	−9,95	−6,81	−4,76
Gross Profit Margin	-	-	-	-