SAFENORDIC AS

1364 FORNEBU

Finances

Share Ownership

Return on Equity

−120,04 %

Current Ratio

0,51

Debt-to-Equity Ratio

−0,7

Key figures (NOK)	2022	2021	2020	2019
Revenue	2 086 000	2 452 000	2 441 000	3 272 000
Net Income	539 000	−293 000	−16 000	−697 000
Total Assets	601 000	740 000	827 000	1 153 000
Total Equity	−449 000	−989 000	−695 000	−679 000

Income (NOK)	2022	2021	2020	2019
Revenue	2 086 000	2 452 000	2 441 000	3 272 000
Expenditure	1 488 000	2 711 000	2 428 000	3 927 000
Operating Profit	597 000	−259 000	13 000	−656 000
Financial Income	0	2 000	35 000	1 000
Financial Costs	57 000	36 000	65 000	42 000
Financial Balance	−57 000	−34 000	−30 000	−41 000
Earnings Before Tax	539 000	−293 000	−16 000	−697 000
Tax	0	0	0	0
Net Income	539 000	−293 000	−16 000	−697 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	224 000	318 000	431 000	544 000
Total Current Assets	377 000	422 000	396 000	609 000
Total Assets	601 000	740 000	827 000	1 153 000
Total Retained Equity	−549 000	−1 089 000	−795 000	−779 000
Total Equity	−449 000	−989 000	−695 000	−679 000
Total Long-Term Debt	316 000	374 000	324 000	1 020 000
Total Current Debt	735 000	1 355 000	1 199 000	812 000
Total Equity and Debt	601 000	740 000	827 000	1 153 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	1 072 000	1 447 000	1 866 000	2 792 000
Other Income	1 014 000	1 006 000	575 000	480 000
Revenue	2 086 000	2 452 000	2 441 000	3 272 000
Cost of Goods Sold	242 000	609 000	350 000	636 000
Salary Costs	899 000	1 688 000	1 313 000	2 327 000
Depreciation	93 000	113 000	113 000	113 000
Impairment	0	0	0	0
Expenditure	1 488 000	2 711 000	2 428 000	3 927 000
Operating Profit	597 000	−259 000	13 000	−656 000
Financial Income	0	2 000	35 000	1 000
Financial Costs	57 000	36 000	65 000	42 000
Financial Balance	−57 000	−34 000	−30 000	−41 000
Dividends	0	0	0	0
Net Income	539 000	−293 000	−16 000	−697 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	20 000	40 000
Total Intangible Assets	0	0	20 000	40 000
Real Eastate	0	0	0	0
Machinery and Plant Facilities	0	0	0	0
Fixtures	224 000	318 000	411 000	504 000
Total Tangible Assets	224 000	318 000	411 000	504 000
Total Fiancial Fixed Assets	0	0	0	0
Total Fixed Assets	224 000	318 000	431 000	544 000
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	174 000	23 000	69 000	56 000
Total Current Assets	377 000	422 000	396 000	609 000
Total Assets	601 000	740 000	827 000	1 153 000
Total Equity	−449 000	−989 000	−695 000	−679 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	316 000	374 000	324 000	1 020 000
Creditors	153 000	342 000	596 000	241 000
Unpaid Taxes	350 000	1 061 000	705 000	460 000
Dividends	0	0	0	0
Other Current Debt	231 000	−48 000	−103 000	111 000
Total Current Debt	735 000	1 355 000	1 199 000	812 000
Total Equity and Debt	601 000	740 000	827 000	1 153 000

Financial indicators	2022	2021	2020	2019
Return on Equity	−120,04 %	29,63 %	2,3 %	102,65 %
Debt-to-Equity Ratio	−0,7	−0,38	−0,47	−1,5
Operating Profit Margin	28,62 %	−10,56 %	0,53 %	−20,05 %
Current Ratio	0,51	0,31	0,33	0,75
Quick Ratio	0,51	0,31	0,33	0,75
Equity Ratio	−0,75	−1,34	−0,84	−0,59
Gross Profit Margin	88,4 %	75,16 %	85,66 %	80,56 %