DEVELOPMENT NORWAY 01 AS

0164 OSLO

Finances

Share Ownership

Return on Equity

−118,68 %

Current Ratio

0,93

Debt-to-Equity Ratio

Key figures (NOK)	2021	2020	2019	2018
Revenue	11 608 000	22 205 000	10 215 000	11 377 000
Net Income	−648 000	10 326 000	−5 192 000	−2 250 000
Total Assets	1 904 000	3 534 000	3 288 000	10 894 000
Total Equity	546 000	1 194 000	−13 456 000	−8 264 000

Income (NOK)	2021	2020	2019	2018
Revenue	11 608 000	22 205 000	10 215 000	11 377 000
Expenditure	12 241 000	11 822 000	14 753 000	13 225 000
Operating Profit	−632 000	10 382 000	−4 538 000	−1 849 000
Financial Income	0	0	0	5 000
Financial Costs	16 000	57 000	654 000	406 000
Financial Balance	−16 000	−57 000	−654 000	−401 000
Earnings Before Tax	−648 000	10 326 000	−5 192 000	−2 250 000
Tax	0	0	0	0
Net Income	−648 000	10 326 000	−5 192 000	−2 250 000

Balance (NOK)	2021	2020	2019	2018
Total Fixed Assets	640 000	2 090 000	2 457 000	1 474 000
Total Current Assets	1 265 000	1 444 000	832 000	9 419 000
Total Assets	1 904 000	3 534 000	3 288 000	10 894 000
Total Retained Equity	−97 000	−5 772 000	−16 098 000	−10 906 000
Total Equity	546 000	1 194 000	−13 456 000	−8 264 000
Total Long-Term Debt	0	1 046 000	15 000 000	9 969 000
Total Current Debt	1 359 000	1 294 000	1 745 000	9 189 000
Total Equity and Debt	1 904 000	3 534 000	3 288 000	10 894 000

Cash flow (NOK)	2021	2020	2019	2018
Sales Income	0	0	0	0
Other Income	11 608 000	22 205 000	10 215 000	11 377 000
Revenue	11 608 000	22 205 000	10 215 000	11 377 000
Cost of Goods Sold	0	0	0	0
Salary Costs	0	0	0	0
Depreciation	322 000	434 000	396 000	291 000
Impairment	1 158 000	0	0	0
Expenditure	12 241 000	11 822 000	14 753 000	13 225 000
Operating Profit	−632 000	10 382 000	−4 538 000	−1 849 000
Financial Income	0	0	0	5 000
Financial Costs	16 000	57 000	654 000	406 000
Financial Balance	−16 000	−57 000	−654 000	−401 000
Dividends	0	0	0	0
Net Income	−648 000	10 326 000	−5 192 000	−2 250 000

Balance details (NOK)	2021	2020	2019	2018
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	640 000	2 090 000	2 457 000	1 474 000
Total Tangible Assets	640 000	2 090 000	2 457 000	1 474 000
Total Fiancial Fixed Assets	0	0	0	0
Total Fixed Assets	640 000	2 090 000	2 457 000	1 474 000
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	0	0	0	0
Total Current Assets	1 265 000	1 444 000	832 000	9 419 000
Total Assets	1 904 000	3 534 000	3 288 000	10 894 000
Total Equity	546 000	1 194 000	−13 456 000	−8 264 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	0	1 046 000	15 000 000	9 969 000
Creditors	76 000	0	250 000	9 124 000
Unpaid Taxes	0	0	135 000	0
Dividends	0	0	0	0
Other Current Debt	1 282 000	1 294 000	1 360 000	65 000
Total Current Debt	1 359 000	1 294 000	1 745 000	9 189 000
Total Equity and Debt	1 904 000	3 534 000	3 288 000	10 894 000

Financial indicators	2021	2020	2019	2018
Return on Equity	−118,68 %	864,82 %	38,59 %	27,23 %
Debt-to-Equity Ratio	0	0,88	−1,11	−1,21
Operating Profit Margin	−5,44 %	46,76 %	−44,42 %	−16,25 %
Current Ratio	0,93	1,12	0,48	1,03
Quick Ratio	0,93	1,12	0,48	1,03
Equity Ratio	0,29	0,34	−4,09	−0,76
Gross Profit Margin	100 %	100 %	100 %	100 %