NORSK TITANIUM EQUIPMENT AS

3514 HØNEFOSS

Finances

Share Ownership

Return on Equity

100,46 %

Current Ratio

0,83

Debt-to-Equity Ratio

−0

Key figures (NOK)	2022	2021	2020	2019
Revenue	2 113 000	0	27 345 000	20 571 000
Net Income	−6 599 000	11 089 000	−9 875 000	3 209 000
Total Assets	31 362 000	34 746 000	36 147 000	60 667 000
Total Equity	−6 569 000	30 000	−9 845 000	30 000

Income (NOK)	2022	2021	2020	2019
Revenue	2 113 000	0	27 345 000	20 571 000
Expenditure	1 663 000	−517 000	28 759 000	19 757 000
Operating Profit	450 000	517 000	−1 414 000	814 000
Financial Income	21 771 000	17 470 000	18 455 000	5 815 000
Financial Costs	28 820 000	6 556 000	26 916 000	2 515 000
Financial Balance	−7 049 000	10 914 000	−8 461 000	3 300 000
Earnings Before Tax	−6 599 000	11 431 000	−9 875 000	4 114 000
Tax	0	342 000	0	905 000
Net Income	−6 599 000	11 089 000	−9 875 000	3 209 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	0	0	0	0
Total Current Assets	31 362 000	34 746 000	36 147 000	60 667 000
Total Assets	31 362 000	34 746 000	36 147 000	60 667 000
Total Retained Equity	−6 599 000	0	−9 875 000	0
Total Equity	−6 569 000	30 000	−9 845 000	30 000
Total Long-Term Debt	0	0	0	0
Total Current Debt	37 931 000	34 716 000	45 992 000	60 637 000
Total Equity and Debt	31 362 000	34 746 000	36 147 000	60 667 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	2 113 000	0	27 345 000	20 571 000
Other Income	0	0	0	0
Revenue	2 113 000	0	27 345 000	20 571 000
Cost of Goods Sold	1 829 000	−388 000	28 655 000	18 860 000
Salary Costs	0	0	0	0
Depreciation	0	0	0	0
Impairment	0	0	0	0
Expenditure	1 663 000	−517 000	28 759 000	19 757 000
Operating Profit	450 000	517 000	−1 414 000	814 000
Financial Income	21 771 000	17 470 000	18 455 000	5 815 000
Financial Costs	28 820 000	6 556 000	26 916 000	2 515 000
Financial Balance	−7 049 000	10 914 000	−8 461 000	3 300 000
Dividends	0	0	0	0
Net Income	−6 599 000	11 089 000	−9 875 000	3 209 000

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	0	0	0	0
Total Tangible Assets	0	0	0	0
Total Fiancial Fixed Assets	0	0	0	0
Total Fixed Assets	0	0	0	0
Stock	10 638 000	10 638 000	9 848 000	6 769 000
Total Investments	0	0	0	0
Cash, Bank	39 000	16 000	572 000	14 000
Total Current Assets	31 362 000	34 746 000	36 147 000	60 667 000
Total Assets	31 362 000	34 746 000	36 147 000	60 667 000
Total Equity	−6 569 000	30 000	−9 845 000	30 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	0	0	0	0
Creditors	0	0	419 000	71 000
Unpaid Taxes	0	0	0	0
Dividends	0	0	0	0
Other Current Debt	37 931 000	34 716 000	45 573 000	60 566 000
Total Current Debt	37 931 000	34 716 000	45 992 000	60 637 000
Total Equity and Debt	31 362 000	34 746 000	36 147 000	60 667 000

Financial indicators	2022	2021	2020	2019
Return on Equity	100,46 %	36 963,33 %	100,3 %	10 696,67 %
Debt-to-Equity Ratio	−0	0	−0	0
Operating Profit Margin	21,3 %	-	−5,17 %	3,96 %
Current Ratio	0,83	1	0,79	1
Quick Ratio	1,15	1,44	1	1,13
Equity Ratio	−0,21	0	−0,27	0
Gross Profit Margin	13,44 %	-	−4,79 %	8,32 %