FINANCIAL RISK MANAGEMENT AS

9405 HARSTAD

Finances

Share Ownership

Return on Equity

15,15 %

Current Ratio

1,97

Debt-to-Equity Ratio

Key figures (NOK)	2022	2021	2020	2019
Revenue	3 230 000	3 011 000	2 601 000	1 847 000
Net Income	256 000	378 000	96 000	91 000
Total Assets	2 266 000	1 969 000	1 522 000	1 231 000
Total Equity	1 690 000	1 434 000	1 056 000	960 000

Income (NOK)	2022	2021	2020	2019
Revenue	3 230 000	3 011 000	2 601 000	1 847 000
Expenditure	2 902 000	2 526 000	2 479 000	1 730 000
Operating Profit	329 000	485 000	123 000	117 000
Financial Income	0	0	0	1 000
Financial Costs	0	0	0	0
Financial Balance	0	0	0	1 000
Earnings Before Tax	329 000	485 000	123 000	117 000
Tax	73 000	107 000	27 000	26 000
Net Income	256 000	378 000	96 000	91 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	1 147 000	934 000	557 000	854 000
Total Current Assets	1 118 000	1 035 000	965 000	377 000
Total Assets	2 266 000	1 969 000	1 522 000	1 231 000
Total Retained Equity	1 590 000	1 334 000	956 000	860 000
Total Equity	1 690 000	1 434 000	1 056 000	960 000
Total Long-Term Debt	7 000	10 000	13 000	17 000
Total Current Debt	568 000	525 000	454 000	255 000
Total Equity and Debt	2 266 000	1 969 000	1 522 000	1 231 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	3 230 000	3 011 000	2 601 000	1 752 000
Other Income	0	0	0	95 000
Revenue	3 230 000	3 011 000	2 601 000	1 847 000
Cost of Goods Sold	0	0	0	0
Salary Costs	720 000	849 000	808 000	639 000
Depreciation	117 000	117 000	297 000	181 000
Impairment	0	0	0	0
Expenditure	2 902 000	2 526 000	2 479 000	1 730 000
Operating Profit	329 000	485 000	123 000	117 000
Financial Income	0	0	0	1 000
Financial Costs	0	0	0	0
Financial Balance	0	0	0	1 000
Dividends	0	0	0	0
Net Income	256 000	378 000	96 000	91 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	1 147 000	934 000	532 000	829 000
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	25 000	25 000
Total Fixed Assets	1 147 000	934 000	557 000	854 000
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	925 000	854 000	777 000	222 000
Total Current Assets	1 118 000	1 035 000	965 000	377 000
Total Assets	2 266 000	1 969 000	1 522 000	1 231 000
Total Equity	1 690 000	1 434 000	1 056 000	960 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	7 000	10 000	13 000	17 000
Creditors	277 000	245 000	281 000	21 000
Unpaid Taxes	136 000	80 000	51 000	44 000
Dividends	0	0	0	0
Other Current Debt	80 000	90 000	90 000	179 000
Total Current Debt	568 000	525 000	454 000	255 000
Total Equity and Debt	2 266 000	1 969 000	1 522 000	1 231 000

Financial indicators	2022	2021	2020	2019
Return on Equity	15,15 %	26,36 %	9,09 %	9,48 %
Debt-to-Equity Ratio	0	0,01	0,01	0,02
Operating Profit Margin	10,19 %	16,11 %	4,73 %	6,33 %
Current Ratio	1,97	1,97	2,13	1,48
Quick Ratio	1,97	1,97	2,13	1,48
Equity Ratio	0,75	0,73	0,69	0,78
Gross Profit Margin	100 %	100 %	100 %	100 %