SURF TECHNOLOGY AS

7030 TRONDHEIM

Finances

Share Ownership

Return on Equity

−167,18 %

Current Ratio

1,03

Debt-to-Equity Ratio

Key figures (NOK)	2022	2021	2020	2019
Revenue	4 225 000	5 040 000	3 479 000	1 954 000
Net Income	−1 411 000	−1 403 000	1 712 000	283 000
Total Assets	11 327 000	10 858 000	10 700 000	9 714 000
Total Equity	844 000	2 256 000	3 659 000	1 948 000

Income (NOK)	2022	2021	2020	2019
Revenue	4 225 000	5 040 000	3 479 000	1 954 000
Expenditure	5 922 000	6 560 000	2 658 000	1 556 000
Operating Profit	−1 698 000	−1 520 000	821 000	398 000
Financial Income	4 000	29 000	1 041 000	5 000
Financial Costs	397 000	310 000	143 000	245 000
Financial Balance	−393 000	−281 000	898 000	−240 000
Earnings Before Tax	−2 091 000	−1 801 000	1 720 000	157 000
Tax	−679 000	−398 000	8 000	−125 000
Net Income	−1 411 000	−1 403 000	1 712 000	283 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	7 498 000	8 675 000	9 433 000	8 882 000
Total Current Assets	3 828 000	2 183 000	1 267 000	832 000
Total Assets	11 327 000	10 858 000	10 700 000	9 714 000
Total Retained Equity	544 000	1 956 000	3 359 000	1 648 000
Total Equity	844 000	2 256 000	3 659 000	1 948 000
Total Long-Term Debt	6 749 000	5 489 000	4 128 000	5 628 000
Total Current Debt	3 733 000	3 113 000	2 913 000	2 139 000
Total Equity and Debt	11 327 000	10 858 000	10 700 000	9 714 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	1 998 000	2 572 000	973 000	98 000
Other Income	2 227 000	2 468 000	2 506 000	1 856 000
Revenue	4 225 000	5 040 000	3 479 000	1 954 000
Cost of Goods Sold	2 053 000	2 482 000	898 000	58 000
Salary Costs	1 197 000	1 105 000	1 079 000	1 027 000
Depreciation	2 000 000	1 767 000	6 000	4 000
Impairment	0	0	0	0
Expenditure	5 922 000	6 560 000	2 658 000	1 556 000
Operating Profit	−1 698 000	−1 520 000	821 000	398 000
Financial Income	4 000	29 000	1 041 000	5 000
Financial Costs	397 000	310 000	143 000	245 000
Financial Balance	−393 000	−281 000	898 000	−240 000
Dividends	0	0	0	0
Net Income	−1 411 000	−1 403 000	1 712 000	283 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	7 498 000	8 673 000	9 425 000	8 869 000
Real Eastate	0	0	0	0
Machinery and Plant Facilities	0	0	0	0
Fixtures	0	2 000	8 000	13 000
Total Tangible Assets	0	2 000	8 000	13 000
Total Fiancial Fixed Assets	0	0	0	0
Total Fixed Assets	7 498 000	8 675 000	9 433 000	8 882 000
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	638 000	353 000	86 000	86 000
Total Current Assets	3 828 000	2 183 000	1 267 000	832 000
Total Assets	11 327 000	10 858 000	10 700 000	9 714 000
Total Equity	844 000	2 256 000	3 659 000	1 948 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	6 749 000	5 489 000	4 128 000	5 628 000
Creditors	1 024 000	2 462 000	2 297 000	1 577 000
Unpaid Taxes	118 000	70 000	177 000	81 000
Dividends	0	0	0	0
Other Current Debt	2 591 000	581 000	439 000	481 000
Total Current Debt	3 733 000	3 113 000	2 913 000	2 139 000
Total Equity and Debt	11 327 000	10 858 000	10 700 000	9 714 000

Financial indicators	2022	2021	2020	2019
Return on Equity	−167,18 %	−62,19 %	46,79 %	14,53 %
Debt-to-Equity Ratio	8	2,43	1,13	2,89
Operating Profit Margin	−40,19 %	−30,16 %	23,6 %	20,37 %
Current Ratio	1,03	0,7	0,43	0,39
Quick Ratio	1,03	0,7	0,43	0,39
Equity Ratio	0,07	0,21	0,34	0,2
Gross Profit Margin	51,41 %	50,75 %	74,19 %	97,03 %