TRUEWEST AS

5004 BERGEN

Finances

Return on Equity

−243,64 %

Current Ratio

1,01

Debt-to-Equity Ratio

Key figures (NOK)	2022	2021	2020	2019
Revenue	1 853 000	34 579 000	742 000	16 606 000
Net Income	−134 000	86 000	−220 000	312 000
Total Assets	2 779 000	1 564 000	28 671 000	1 107 000
Total Equity	55 000	189 000	103 000	324 000

Income (NOK)	2022	2021	2020	2019
Revenue	1 853 000	34 579 000	742 000	16 606 000
Expenditure	1 964 000	34 586 000	1 012 000	16 181 000
Operating Profit	−111 000	95 000	−271 000	426 000
Financial Income	5 000	38 000	7 000	1 000
Financial Costs	28 000	22 000	15 000	25 000
Financial Balance	−23 000	16 000	−8 000	−24 000
Earnings Before Tax	−134 000	111 000	−278 000	402 000
Tax	−1 000	26 000	−58 000	90 000
Net Income	−134 000	86 000	−220 000	312 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	14 000	19 000	24 000	0
Total Current Assets	2 764 000	1 545 000	28 646 000	1 107 000
Total Assets	2 779 000	1 564 000	28 671 000	1 107 000
Total Retained Equity	25 000	159 000	73 000	294 000
Total Equity	55 000	189 000	103 000	324 000
Total Long-Term Debt	0	1 000	1 000	0
Total Current Debt	2 724 000	1 375 000	28 566 000	783 000
Total Equity and Debt	2 779 000	1 564 000	28 671 000	1 107 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	1 853 000	34 579 000	742 000	422 000
Other Income	0	0	0	16 184 000
Revenue	1 853 000	34 579 000	742 000	16 606 000
Cost of Goods Sold	1 492 000	33 829 000	734 000	10 374 000
Salary Costs	174 000	383 000	0	5 306 000
Depreciation	5 000	5 000	4 000	0
Impairment	0	0	0	0
Expenditure	1 964 000	34 586 000	1 012 000	16 181 000
Operating Profit	−111 000	95 000	−271 000	426 000
Financial Income	5 000	38 000	7 000	1 000
Financial Costs	28 000	22 000	15 000	25 000
Financial Balance	−23 000	16 000	−8 000	−24 000
Dividends	0	0	0	0
Net Income	−134 000	86 000	−220 000	312 000

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	14 000	19 000	24 000	0
Total Tangible Assets	14 000	19 000	24 000	0
Total Fiancial Fixed Assets	0	0	0	0
Total Fixed Assets	14 000	19 000	24 000	0
Stock	741 000	624 000	24 373 000	0
Total Investments	60 000	30 000	30 000	0
Cash, Bank	1 072 000	100 000	1 891 000	88 000
Total Current Assets	2 764 000	1 545 000	28 646 000	1 107 000
Total Assets	2 779 000	1 564 000	28 671 000	1 107 000
Total Equity	55 000	189 000	103 000	324 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	0	1 000	1 000	0
Creditors	162 000	225 000	868 000	68 000
Unpaid Taxes	232 000	0	1 297 000	5 000
Dividends	0	0	0	0
Other Current Debt	2 329 000	1 123 000	26 401 000	619 000
Total Current Debt	2 724 000	1 375 000	28 566 000	783 000
Total Equity and Debt	2 779 000	1 564 000	28 671 000	1 107 000

Financial indicators	2022	2021	2020	2019
Return on Equity	−243,64 %	45,5 %	−213,59 %	96,3 %
Debt-to-Equity Ratio	0	0,01	0,01	0
Operating Profit Margin	−5,99 %	0,27 %	−36,52 %	2,57 %
Current Ratio	1,01	1,12	1	1,41
Quick Ratio	1,39	2,06	6,83	1,41
Equity Ratio	0,02	0,12	0	0,29
Gross Profit Margin	19,48 %	2,17 %	1,08 %	37,53 %