SAFEHOSE AS

6083 GJERDSVIKA

Finances

Share Ownership

Return on Equity

41,91 %

Current Ratio

Debt-to-Equity Ratio

−1,28

Key figures (NOK)	2022	2021	2020	2019
Revenue	0	175 000	286 000	591 000
Net Income	−806 000	−228 000	−339 000	−36 000
Total Assets	1 374 000	1 891 000	1 994 000	2 682 000
Total Equity	−1 923 000	−1 118 000	−889 000	−550 000

Income (NOK)	2022	2021	2020	2019
Revenue	0	175 000	286 000	591 000
Expenditure	731 000	340 000	567 000	558 000
Operating Profit	−731 000	−165 000	−281 000	33 000
Financial Income	0	0	0	0
Financial Costs	75 000	64 000	58 000	69 000
Financial Balance	−75 000	−64 000	−58 000	−69 000
Earnings Before Tax	−806 000	−228 000	−339 000	−36 000
Tax	0	0	0	0
Net Income	−806 000	−228 000	−339 000	−36 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	1 372 000	1 636 000	1 740 000	1 610 000
Total Current Assets	2 000	255 000	254 000	1 072 000
Total Assets	1 374 000	1 891 000	1 994 000	2 682 000
Total Retained Equity	−4 673 000	−3 868 000	−3 639 000	−3 300 000
Total Equity	−1 923 000	−1 118 000	−889 000	−550 000
Total Long-Term Debt	2 457 000	2 177 000	2 047 000	2 013 000
Total Current Debt	840 000	832 000	836 000	1 219 000
Total Equity and Debt	1 374 000	1 891 000	1 994 000	2 682 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	0	175 000	286 000	591 000
Other Income	0	0	0	0
Revenue	0	175 000	286 000	591 000
Cost of Goods Sold	252 000	40 000	91 000	326 000
Salary Costs	0	0	126 000	0
Depreciation	264 000	252 000	229 000	135 000
Impairment	0	0	0	0
Expenditure	731 000	340 000	567 000	558 000
Operating Profit	−731 000	−165 000	−281 000	33 000
Financial Income	0	0	0	0
Financial Costs	75 000	64 000	58 000	69 000
Financial Balance	−75 000	−64 000	−58 000	−69 000
Dividends	0	0	0	0
Net Income	−806 000	−228 000	−339 000	−36 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	1 372 000	1 636 000	1 740 000	1 610 000
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	1 372 000	1 636 000	1 740 000	1 610 000
Stock	0	252 000	252 000	175 000
Total Investments	0	0	0	0
Cash, Bank	1 000	1 000	0	0
Total Current Assets	2 000	255 000	254 000	1 072 000
Total Assets	1 374 000	1 891 000	1 994 000	2 682 000
Total Equity	−1 923 000	−1 118 000	−889 000	−550 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	2 457 000	2 177 000	2 047 000	2 013 000
Creditors	14 000	14 000	4 000	219 000
Unpaid Taxes	0	0	2 000	0
Dividends	0	0	0	0
Other Current Debt	15 000	15 000	34 000	253 000
Total Current Debt	840 000	832 000	836 000	1 219 000
Total Equity and Debt	1 374 000	1 891 000	1 994 000	2 682 000

Financial indicators	2022	2021	2020	2019
Return on Equity	41,91 %	20,39 %	38,13 %	6,55 %
Debt-to-Equity Ratio	−1,28	−1,95	−2,3	−3,66
Operating Profit Margin	-	−94,29 %	−98,25 %	5,58 %
Current Ratio	0	0,31	0,3	0,88
Quick Ratio	0	0,44	0,43	1,03
Equity Ratio	−1,4	−0,59	−0,45	−0,21
Gross Profit Margin	-	77,14 %	68,18 %	44,84 %