WINDMASTER TECHNOLOGIES AS

4023 STAVANGER

Finances

Share Ownership

Return on Equity

−128,98 %

Current Ratio

1,38

Debt-to-Equity Ratio

Key figures (NOK)	2022	2021	2020	2019
Revenue	824 000	1 609 000	1 880 000	541 000
Net Income	−672 000	49 000	−40 000	19 000
Total Assets	1 869 000	1 190 000	1 211 000	568 000
Total Equity	521 000	442 000	67 000	108 000

Income (NOK)	2022	2021	2020	2019
Revenue	824 000	1 609 000	1 880 000	541 000
Expenditure	1 497 000	1 720 000	1 920 000	521 000
Operating Profit	−673 000	−111 000	−40 000	19 000
Financial Income	1 000	0	0	1 000
Financial Costs	0	0	0	0
Financial Balance	1 000	0	0	1 000
Earnings Before Tax	−672 000	−111 000	−40 000	19 000
Tax	0	−160 000	0	0
Net Income	−672 000	49 000	−40 000	19 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	4 000	4 000	0	0
Total Current Assets	1 865 000	1 186 000	1 211 000	568 000
Total Assets	1 869 000	1 190 000	1 211 000	568 000
Total Retained Equity	420 000	341 000	−33 000	7 000
Total Equity	521 000	442 000	67 000	108 000
Total Long-Term Debt	0	0	0	0
Total Current Debt	1 348 000	748 000	1 144 000	460 000
Total Equity and Debt	1 869 000	1 190 000	1 211 000	568 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	0	129 000	0	50 000
Other Income	824 000	1 480 000	1 879 000	491 000
Revenue	824 000	1 609 000	1 880 000	541 000
Cost of Goods Sold	541 000	179 000	0	0
Salary Costs	688 000	1 275 000	1 567 000	245 000
Depreciation	0	0	0	0
Impairment	0	0	0	0
Expenditure	1 497 000	1 720 000	1 920 000	521 000
Operating Profit	−673 000	−111 000	−40 000	19 000
Financial Income	1 000	0	0	1 000
Financial Costs	0	0	0	0
Financial Balance	1 000	0	0	1 000
Dividends	0	0	0	0
Net Income	−672 000	49 000	−40 000	19 000

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	4 000	4 000	0	0
Total Fixed Assets	4 000	4 000	0	0
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	591 000	159 000	803 000	161 000
Total Current Assets	1 865 000	1 186 000	1 211 000	568 000
Total Assets	1 869 000	1 190 000	1 211 000	568 000
Total Equity	521 000	442 000	67 000	108 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	0	0	0	0
Creditors	995 000	0	78 000	3 000
Unpaid Taxes	69 000	110 000	48 000	98 000
Dividends	0	0	0	0
Other Current Debt	284 000	637 000	1 018 000	359 000
Total Current Debt	1 348 000	748 000	1 144 000	460 000
Total Equity and Debt	1 869 000	1 190 000	1 211 000	568 000

Financial indicators	2022	2021	2020	2019
Return on Equity	−128,98 %	11,09 %	−59,7 %	17,59 %
Debt-to-Equity Ratio	0	0	0	0
Operating Profit Margin	−81,67 %	−6,9 %	−2,13 %	3,51 %
Current Ratio	1,38	1,59	1,06	1,23
Quick Ratio	1,38	1,59	1,06	1,23
Equity Ratio	0,28	0,37	0,06	0,19
Gross Profit Margin	34,34 %	88,88 %	100 %	100 %