TANGENHEIA AS

4877 GRIMSTAD

Finances

Share Ownership

Return on Equity

56,99 %

Current Ratio

1,95

Debt-to-Equity Ratio

0,27

Key figures (NOK)	2022	2021	2020	2019
Revenue	18 535 000	1 101 000	0	1 221 000
Net Income	1 986 000	−349 000	−442 000	−527 000
Total Assets	9 046 000	8 814 000	9 730 000	10 565 000
Total Equity	3 485 000	3 999 000	4 348 000	4 789 000

Income (NOK)	2022	2021	2020	2019
Revenue	18 535 000	1 101 000	0	1 221 000
Expenditure	15 622 000	1 301 000	319 000	1 580 000
Operating Profit	2 913 000	−200 000	−319 000	−359 000
Financial Income	1 000	0	0	0
Financial Costs	368 000	247 000	247 000	318 000
Financial Balance	−367 000	−247 000	−247 000	−318 000
Earnings Before Tax	2 546 000	−447 000	−566 000	−676 000
Tax	560 000	−98 000	−125 000	−149 000
Net Income	1 986 000	−349 000	−442 000	−527 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	0	378 000	280 000	155 000
Total Current Assets	9 046 000	8 436 000	9 450 000	10 410 000
Total Assets	9 046 000	8 814 000	9 730 000	10 565 000
Total Retained Equity	0	0	0	0
Total Equity	3 485 000	3 999 000	4 348 000	4 789 000
Total Long-Term Debt	924 000	2 897 000	3 619 000	4 229 000
Total Current Debt	4 637 000	1 919 000	1 763 000	1 547 000
Total Equity and Debt	9 046 000	8 814 000	9 730 000	10 565 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	18 535 000	1 101 000	0	1 221 000
Other Income	0	0	0	0
Revenue	18 535 000	1 101 000	0	1 221 000
Cost of Goods Sold	15 197 000	982 000	16 000	1 367 000
Salary Costs	183 000	104 000	187 000	101 000
Depreciation	0	0	0	0
Impairment	0	0	0	0
Expenditure	15 622 000	1 301 000	319 000	1 580 000
Operating Profit	2 913 000	−200 000	−319 000	−359 000
Financial Income	1 000	0	0	0
Financial Costs	368 000	247 000	247 000	318 000
Financial Balance	−367 000	−247 000	−247 000	−318 000
Dividends	2 500 000	0	0	0
Net Income	1 986 000	−349 000	−442 000	−527 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	0	378 000	280 000	155 000
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	0	0	0	0
Total Fixed Assets	0	378 000	280 000	155 000
Stock	4 469 000	8 343 000	9 288 000	9 288 000
Total Investments	0	0	0	0
Cash, Bank	4 399 000	93 000	127 000	20 000
Total Current Assets	9 046 000	8 436 000	9 450 000	10 410 000
Total Assets	9 046 000	8 814 000	9 730 000	10 565 000
Total Equity	3 485 000	3 999 000	4 348 000	4 789 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	924 000	2 897 000	3 619 000	4 229 000
Creditors	1 211 000	123 000	52 000	9 000
Unpaid Taxes	41 000	44 000	35 000	0
Dividends	2 500 000	0	0	0
Other Current Debt	703 000	1 752 000	1 675 000	1 538 000
Total Current Debt	4 637 000	1 919 000	1 763 000	1 547 000
Total Equity and Debt	9 046 000	8 814 000	9 730 000	10 565 000

Financial indicators	2022	2021	2020	2019
Return on Equity	56,99 %	−8,73 %	−10,17 %	−11 %
Debt-to-Equity Ratio	0,27	0,72	0,83	0,88
Operating Profit Margin	15,72 %	−18,17 %	-	−29,4 %
Current Ratio	1,95	4,4	5,36	6,73
Quick Ratio	53,85	−1,31	−1,26	−1,34
Equity Ratio	0,39	0,45	0,45	0,45
Gross Profit Margin	18,01 %	10,81 %	-	−11,96 %