SWISS TIME AS

0870 OSLO

Finances

Share Ownership

Return on Equity

128,24 %

Current Ratio

1,15

Debt-to-Equity Ratio

0,13

Key figures (NOK)	2022	2021	2020	2019
Revenue	367 000	994 000	465 000	145 000
Net Income	109 000	−98 000	27 000	8 000
Total Assets	576 000	628 000	702 000	142 000
Total Equity	85 000	−25 000	74 000	46 000

Income (NOK)	2022	2021	2020	2019
Revenue	367 000	994 000	465 000	145 000
Expenditure	253 000	1 081 000	393 000	137 000
Operating Profit	114 000	−87 000	73 000	8 000
Financial Income	0	3 000	3 000	0
Financial Costs	2 000	15 000	41 000	0
Financial Balance	−2 000	−12 000	−38 000	0
Earnings Before Tax	112 000	−98 000	34 000	8 000
Tax	3 000	0	7 000	0
Net Income	109 000	−98 000	27 000	8 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	24 000	36 000	0	0
Total Current Assets	552 000	592 000	702 000	142 000
Total Assets	576 000	628 000	702 000	142 000
Total Retained Equity	−15 000	−125 000	−26 000	−54 000
Total Equity	85 000	−25 000	74 000	46 000
Total Long-Term Debt	11 000	8 000	0	0
Total Current Debt	480 000	644 000	629 000	95 000
Total Equity and Debt	576 000	628 000	702 000	142 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	367 000	994 000	465 000	145 000
Other Income	0	0	0	0
Revenue	367 000	994 000	465 000	145 000
Cost of Goods Sold	84 000	623 000	239 000	78 000
Salary Costs	0	5 000	0	0
Depreciation	12 000	0	0	0
Impairment	0	0	0	0
Expenditure	253 000	1 081 000	393 000	137 000
Operating Profit	114 000	−87 000	73 000	8 000
Financial Income	0	3 000	3 000	0
Financial Costs	2 000	15 000	41 000	0
Financial Balance	−2 000	−12 000	−38 000	0
Dividends	0	0	0	0
Net Income	109 000	−98 000	27 000	8 000

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	24 000	36 000	0	0
Total Tangible Assets	24 000	36 000	0	0
Total Fiancial Fixed Assets	0	0	0	0
Total Fixed Assets	24 000	36 000	0	0
Stock	501 000	501 000	501 000	200 000
Total Investments	0	0	0	0
Cash, Bank	1 000	13 000	72 000	51 000
Total Current Assets	552 000	592 000	702 000	142 000
Total Assets	576 000	628 000	702 000	142 000
Total Equity	85 000	−25 000	74 000	46 000
Short-Term Group Debt	396 000	301 000	123 000	8 000
Total Long-Term Debt	11 000	8 000	0	0
Creditors	−4 000	258 000	451 000	62 000
Unpaid Taxes	0	0	48 000	14 000
Dividends	0	0	0	0
Other Current Debt	88 000	85 000	0	11 000
Total Current Debt	480 000	644 000	629 000	95 000
Total Equity and Debt	576 000	628 000	702 000	142 000

Financial indicators	2022	2021	2020	2019
Return on Equity	128,24 %	392 %	36,49 %	17,39 %
Debt-to-Equity Ratio	0,13	−0,32	0	0
Operating Profit Margin	31,06 %	−8,75 %	15,7 %	5,52 %
Current Ratio	1,15	0,92	1,12	1,49
Quick Ratio	−26,29	4,14	5,48	−1,35
Equity Ratio	0,15	−0,04	0,11	0,32
Gross Profit Margin	77,11 %	37,32 %	48,6 %	46,21 %