THE PAYMENT HOUSE AS

4846 ARENDAL

Finances

Share Ownership

Return on Equity

27,27 %

Current Ratio

0,03

Debt-to-Equity Ratio

−0,3

Key figures (NOK)	2021	2020	2019	2018
Revenue	196 000	4 597 000	543 000	2 574 000
Net Income	−11 962 000	−26 161 000	−17 252 000	−10 776 000
Total Assets	16 326 000	23 157 000	42 277 000	43 422 000
Total Equity	−43 873 000	−31 911 000	−5 775 000	−1 223 000

Income (NOK)	2021	2020	2019	2018
Revenue	196 000	4 597 000	543 000	2 574 000
Expenditure	11 853 000	18 277 000	21 533 000	15 340 000
Operating Profit	−11 658 000	−13 680 000	−20 990 000	−12 765 000
Financial Income	268 000	23 000	119 000	84 000
Financial Costs	572 000	1 784 000	1 094 000	960 000
Financial Balance	−304 000	−1 761 000	−975 000	−876 000
Earnings Before Tax	−11 962 000	−15 441 000	−21 965 000	−13 642 000
Tax	0	10 720 000	−4 713 000	−2 866 000
Net Income	−11 962 000	−26 161 000	−17 252 000	−10 776 000

Balance (NOK)	2021	2020	2019	2018
Total Fixed Assets	15 073 000	20 019 000	38 466 000	37 844 000
Total Current Assets	1 253 000	3 138 000	3 811 000	5 578 000
Total Assets	16 326 000	23 157 000	42 277 000	43 422 000
Total Retained Equity	−65 425 000	−53 464 000	−27 328 000	−2 223 000
Total Equity	−43 873 000	−31 911 000	−5 775 000	−1 223 000
Total Long-Term Debt	13 340 000	13 175 000	7 249 000	7 800 000
Total Current Debt	46 858 000	41 893 000	40 802 000	36 845 000
Total Equity and Debt	16 326 000	23 157 000	42 277 000	43 422 000

Cash flow (NOK)	2021	2020	2019	2018
Sales Income	196 000	4 597 000	465 000	2 574 000
Other Income	0	0	78 000	0
Revenue	196 000	4 597 000	543 000	2 574 000
Cost of Goods Sold	469 000	1 559 000	1 541 000	453 000
Salary Costs	941 000	2 337 000	5 592 000	7 165 000
Depreciation	5 996 000	8 699 000	6 654 000	270 000
Impairment	0	1 627 000	0	0
Expenditure	11 853 000	18 277 000	21 533 000	15 340 000
Operating Profit	−11 658 000	−13 680 000	−20 990 000	−12 765 000
Financial Income	268 000	23 000	119 000	84 000
Financial Costs	572 000	1 784 000	1 094 000	960 000
Financial Balance	−304 000	−1 761 000	−975 000	−876 000
Dividends	0	0	0	0
Net Income	−11 962 000	−26 161 000	−17 252 000	−10 776 000

Balance details (NOK)	2021	2020	2019	2018
Goodwill	0	0	0	0
Total Intangible Assets	15 073 000	20 000 000	38 296 000	37 786 000
Real Eastate	0	0	0	0
Machinery and Plant Facilities	0	0	0	0
Fixtures	0	19 000	39 000	58 000
Total Tangible Assets	0	19 000	39 000	58 000
Total Fiancial Fixed Assets	0	0	131 000	0
Total Fixed Assets	15 073 000	20 019 000	38 466 000	37 844 000
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	127 000	468 000	103 000	625 000
Total Current Assets	1 253 000	3 138 000	3 811 000	5 578 000
Total Assets	16 326 000	23 157 000	42 277 000	43 422 000
Total Equity	−43 873 000	−31 911 000	−5 775 000	−1 223 000
Short-Term Group Debt	45 010 000	38 083 000	28 899 000	30 087 000
Total Long-Term Debt	13 340 000	13 175 000	7 249 000	7 800 000
Creditors	615 000	1 660 000	3 872 000	3 335 000
Unpaid Taxes	73 000	122 000	312 000	567 000
Dividends	0	0	0	0
Other Current Debt	495 000	1 364 000	7 033 000	2 856 000
Total Current Debt	46 858 000	41 893 000	40 802 000	36 845 000
Total Equity and Debt	16 326 000	23 157 000	42 277 000	43 422 000

Financial indicators	2021	2020	2019	2018
Return on Equity	27,27 %	81,98 %	298,74 %	881,11 %
Debt-to-Equity Ratio	−0,3	−0,41	−1,26	−6,38
Operating Profit Margin	−5 947,96 %	−297,59 %	−3 865,56 %	−495,92 %
Current Ratio	0,03	0,07	0,09	0,15
Quick Ratio	0,03	0,07	0,09	0,15
Equity Ratio	−2,69	−1,38	−0,14	−0,03
Gross Profit Margin	−139,29 %	66,09 %	−183,79 %	82,4 %