TITAS MAT AS

4980 GJERSTAD

Finances

Share Ownership

Return on Equity

41,18 %

Current Ratio

2,31

Debt-to-Equity Ratio

Key figures (NOK)	2022	2021	2020	2019
Revenue	256 000	270 000	3 169 000	8 120 000
Net Income	21 000	90 000	1 000	−106 000
Total Assets	90 000	82 000	227 000	1 030 000
Total Equity	51 000	30 000	128 000	126 000

Income (NOK)	2022	2021	2020	2019
Revenue	256 000	270 000	3 169 000	8 120 000
Expenditure	244 000	153 000	3 167 000	8 255 000
Operating Profit	11 000	116 000	2 000	−136 000
Financial Income	0	0	0	0
Financial Costs	0	0	0	0
Financial Balance	0	0	0	0
Earnings Before Tax	11 000	116 000	2 000	−136 000
Tax	−10 000	25 000	0	−30 000
Net Income	21 000	90 000	1 000	−106 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	0	18 000	37 000	52 000
Total Current Assets	90 000	63 000	190 000	977 000
Total Assets	90 000	82 000	227 000	1 030 000
Total Retained Equity	21 000	−96 000	1 000	−97 000
Total Equity	51 000	30 000	128 000	126 000
Total Long-Term Debt	0	7 000	21 000	27 000
Total Current Debt	39 000	45 000	78 000	876 000
Total Equity and Debt	90 000	82 000	227 000	1 030 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	256 000	270 000	3 169 000	7 955 000
Other Income	0	0	0	164 000
Revenue	256 000	270 000	3 169 000	8 120 000
Cost of Goods Sold	89 000	108 000	1 990 000	4 944 000
Salary Costs	127 000	0	559 000	1 635 000
Depreciation	18 000	18 000	16 000	34 000
Impairment	0	0	0	0
Expenditure	244 000	153 000	3 167 000	8 255 000
Operating Profit	11 000	116 000	2 000	−136 000
Financial Income	0	0	0	0
Financial Costs	0	0	0	0
Financial Balance	0	0	0	0
Dividends	0	188 000	0	0
Net Income	21 000	90 000	1 000	−106 000

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	18 000	37 000	52 000
Fixtures	0	0	0	0
Total Tangible Assets	0	18 000	37 000	52 000
Total Fiancial Fixed Assets	0	0	0	0
Total Fixed Assets	0	18 000	37 000	52 000
Stock	30 000	30 000	15 000	580 000
Total Investments	0	0	0	0
Cash, Bank	47 000	9 000	163 000	75 000
Total Current Assets	90 000	63 000	190 000	977 000
Total Assets	90 000	82 000	227 000	1 030 000
Total Equity	51 000	30 000	128 000	126 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	0	7 000	21 000	27 000
Creditors	6 000	2 000	8 000	104 000
Unpaid Taxes	17 000	11 000	38 000	110 000
Dividends	0	188 000	0	0
Other Current Debt	12 000	0	26 000	662 000
Total Current Debt	39 000	45 000	78 000	876 000
Total Equity and Debt	90 000	82 000	227 000	1 030 000

Financial indicators	2022	2021	2020	2019
Return on Equity	41,18 %	300 %	0,78 %	−84,13 %
Debt-to-Equity Ratio	0	0,23	0,16	0,21
Operating Profit Margin	4,3 %	42,96 %	0,06 %	−1,67 %
Current Ratio	2,31	1,4	2,44	1,12
Quick Ratio	10	4,2	3,02	3,3
Equity Ratio	0,57	0,37	0,56	0,12
Gross Profit Margin	65,23 %	60 %	37,2 %	39,11 %