VERITRACK AS

5170 BJØRNDALSTRÆ

Finances

Share Ownership

Return on Equity

−375,58 %

Current Ratio

3,74

Debt-to-Equity Ratio

Key figures (NOK)	2022	2021	2020	2019
Revenue	1 499 000	1 408 000	632 000	440 000
Net Income	−2 092 000	−37 000	−59 000	−1 382 000
Total Assets	760 000	2 803 000	2 939 000	3 208 000
Total Equity	557 000	2 650 000	2 687 000	2 745 000

Income (NOK)	2022	2021	2020	2019
Revenue	1 499 000	1 408 000	632 000	440 000
Expenditure	1 038 000	1 456 000	706 000	1 182 000
Operating Profit	461 000	−48 000	−74 000	−742 000
Financial Income	10 000	1 000	2 000	4 000
Financial Costs	2 000	1 000	3 000	3 000
Financial Balance	8 000	0	−1 000	1 000
Earnings Before Tax	469 000	−48 000	−75 000	−741 000
Tax	2 561 000	−10 000	−17 000	641 000
Net Income	−2 092 000	−37 000	−59 000	−1 382 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	0	2 561 000	2 551 000	2 534 000
Total Current Assets	760 000	242 000	389 000	673 000
Total Assets	760 000	2 803 000	2 939 000	3 208 000
Total Retained Equity	−8 734 000	−6 642 000	−6 604 000	−6 546 000
Total Equity	557 000	2 650 000	2 687 000	2 745 000
Total Long-Term Debt	0	0	0	0
Total Current Debt	203 000	153 000	252 000	462 000
Total Equity and Debt	760 000	2 803 000	2 939 000	3 208 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	1 499 000	1 408 000	632 000	440 000
Other Income	0	0	0	0
Revenue	1 499 000	1 408 000	632 000	440 000
Cost of Goods Sold	83 000	62 000	349 000	11 000
Salary Costs	715 000	751 000	91 000	379 000
Depreciation	0	0	0	0
Impairment	0	0	0	0
Expenditure	1 038 000	1 456 000	706 000	1 182 000
Operating Profit	461 000	−48 000	−74 000	−742 000
Financial Income	10 000	1 000	2 000	4 000
Financial Costs	2 000	1 000	3 000	3 000
Financial Balance	8 000	0	−1 000	1 000
Dividends	0	0	0	0
Net Income	−2 092 000	−37 000	−59 000	−1 382 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	0	2 561 000	2 551 000	2 534 000
Real Eastate	0	0	0	0
Machinery and Plant Facilities	0	0	0	0
Fixtures	0	0	0	0
Total Tangible Assets	0	0	0	0
Total Fiancial Fixed Assets	0	0	0	0
Total Fixed Assets	0	2 561 000	2 551 000	2 534 000
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	760 000	233 000	97 000	206 000
Total Current Assets	760 000	242 000	389 000	673 000
Total Assets	760 000	2 803 000	2 939 000	3 208 000
Total Equity	557 000	2 650 000	2 687 000	2 745 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	0	0	0	0
Creditors	31 000	39 000	134 000	77 000
Unpaid Taxes	106 000	48 000	26 000	20 000
Dividends	0	0	0	0
Other Current Debt	65 000	66 000	93 000	365 000
Total Current Debt	203 000	153 000	252 000	462 000
Total Equity and Debt	760 000	2 803 000	2 939 000	3 208 000

Financial indicators	2022	2021	2020	2019
Return on Equity	−375,58 %	−1,4 %	−2,2 %	−50,35 %
Debt-to-Equity Ratio	0	0	0	0
Operating Profit Margin	30,75 %	−3,41 %	−11,71 %	−168,64 %
Current Ratio	3,74	1,58	1,54	1,46
Quick Ratio	3,74	1,58	1,54	1,46
Equity Ratio	0,73	0,95	0,91	0,86
Gross Profit Margin	94,46 %	95,6 %	44,78 %	97,5 %