ERGO CREDO AS

1454 FAGERSTRAND

Finances

Return on Equity

−48,78 %

Current Ratio

3,37

Debt-to-Equity Ratio

0,05

Key figures (NOK)	2022	2021	2020	2019
Revenue	1 603 000	2 124 000	2 994 000	2 872 000
Net Income	−380 000	−187 000	341 000	237 000
Total Assets	1 157 000	1 640 000	1 819 000	1 783 000
Total Equity	779 000	1 159 000	1 347 000	1 206 000

Income (NOK)	2022	2021	2020	2019
Revenue	1 603 000	2 124 000	2 994 000	2 872 000
Expenditure	1 945 000	2 315 000	2 558 000	2 573 000
Operating Profit	−341 000	−191 000	437 000	298 000
Financial Income	0	0	0	6 000
Financial Costs	1 000	0	0	0
Financial Balance	−1 000	0	0	6 000
Earnings Before Tax	−342 000	−191 000	437 000	304 000
Tax	38 000	−4 000	96 000	67 000
Net Income	−380 000	−187 000	341 000	237 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	12 000	25 000	38 000	17 000
Total Current Assets	1 145 000	1 614 000	1 781 000	1 766 000
Total Assets	1 157 000	1 640 000	1 819 000	1 783 000
Total Retained Equity	659 000	1 039 000	1 227 000	1 086 000
Total Equity	779 000	1 159 000	1 347 000	1 206 000
Total Long-Term Debt	38 000	0	4 000	1 000
Total Current Debt	340 000	480 000	468 000	576 000
Total Equity and Debt	1 157 000	1 640 000	1 819 000	1 783 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	1 528 000	2 075 000	2 888 000	2 799 000
Other Income	75 000	50 000	106 000	73 000
Revenue	1 603 000	2 124 000	2 994 000	2 872 000
Cost of Goods Sold	820 000	1 181 000	1 471 000	1 355 000
Salary Costs	989 000	973 000	790 000	975 000
Depreciation	13 000	13 000	7 000	1 000
Impairment	0	0	0	0
Expenditure	1 945 000	2 315 000	2 558 000	2 573 000
Operating Profit	−341 000	−191 000	437 000	298 000
Financial Income	0	0	0	6 000
Financial Costs	1 000	0	0	0
Financial Balance	−1 000	0	0	6 000
Dividends	0	0	200 000	0
Net Income	−380 000	−187 000	341 000	237 000

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	0	0	0	0
Fixtures	12 000	25 000	38 000	17 000
Total Tangible Assets	12 000	25 000	38 000	17 000
Total Fiancial Fixed Assets	0	0	0	0
Total Fixed Assets	12 000	25 000	38 000	17 000
Stock	0	0	0	0
Total Investments	200 000	200 000	200 000	200 000
Cash, Bank	675 000	1 044 000	1 074 000	1 443 000
Total Current Assets	1 145 000	1 614 000	1 781 000	1 766 000
Total Assets	1 157 000	1 640 000	1 819 000	1 783 000
Total Equity	779 000	1 159 000	1 347 000	1 206 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	38 000	0	4 000	1 000
Creditors	100 000	4 000	3 000	317 000
Unpaid Taxes	147 000	197 000	107 000	114 000
Dividends	0	0	200 000	0
Other Current Debt	94 000	79 000	64 000	79 000
Total Current Debt	340 000	480 000	468 000	576 000
Total Equity and Debt	1 157 000	1 640 000	1 819 000	1 783 000

Financial indicators	2022	2021	2020	2019
Return on Equity	−48,78 %	−16,13 %	25,32 %	19,65 %
Debt-to-Equity Ratio	0,05	0	0	0
Operating Profit Margin	−21,27 %	−8,99 %	14,6 %	10,38 %
Current Ratio	3,37	3,36	3,81	3,07
Quick Ratio	3,37	3,36	3,81	3,07
Equity Ratio	0,67	0,71	0,74	0,68
Gross Profit Margin	48,85 %	44,4 %	50,87 %	52,82 %