TITAN AS

5160 LAKSEVÅG

Finances

Return on Equity

24,55 %

Current Ratio

4,15

Debt-to-Equity Ratio

−0,01

Key figures (NOK)	2022	2021	2020	2019
Revenue	1 474 000	241 000	243 000	0
Net Income	422 000	−10 000	272 000	970 000
Total Assets	2 224 000	3 747 000	3 686 000	3 606 000
Total Equity	1 719 000	1 297 000	1 232 000	960 000

Income (NOK)	2022	2021	2020	2019
Revenue	1 474 000	241 000	243 000	0
Expenditure	608 000	195 000	183 000	9 000
Operating Profit	866 000	46 000	60 000	−9 000
Financial Income	0	1 000	350 000	1 905 000
Financial Costs	259 000	56 000	61 000	917 000
Financial Balance	−259 000	−55 000	289 000	988 000
Earnings Before Tax	606 000	−10 000	349 000	979 000
Tax	184 000	0	77 000	9 000
Net Income	422 000	−10 000	272 000	970 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	73 000	3 464 000	3 484 000	3 265 000
Total Current Assets	2 151 000	283 000	202 000	341 000
Total Assets	2 224 000	3 747 000	3 686 000	3 606 000
Total Retained Equity	1 689 000	1 267 000	1 202 000	930 000
Total Equity	1 719 000	1 297 000	1 232 000	960 000
Total Long-Term Debt	−13 000	1 371 000	1 449 000	0
Total Current Debt	518 000	1 080 000	1 005 000	2 647 000
Total Equity and Debt	2 224 000	3 747 000	3 686 000	3 606 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	74 000	241 000	243 000	0
Other Income	1 400 000	0	0	0
Revenue	1 474 000	241 000	243 000	0
Cost of Goods Sold	0	0	52 000	0
Salary Costs	0	0	0	0
Depreciation	0	0	0	0
Impairment	0	0	0	0
Expenditure	608 000	195 000	183 000	9 000
Operating Profit	866 000	46 000	60 000	−9 000
Financial Income	0	1 000	350 000	1 905 000
Financial Costs	259 000	56 000	61 000	917 000
Financial Balance	−259 000	−55 000	289 000	988 000
Dividends	0	0	0	0
Net Income	422 000	−10 000	272 000	970 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	0	0	0	0
Real Eastate	0	3 200 000	3 200 000	3 200 000
Machinery and Plant Facilities	0	0	0	0
Fixtures	0	0	0	0
Total Tangible Assets	0	3 200 000	3 200 000	3 200 000
Total Fiancial Fixed Assets	73 000	264 000	284 000	65 000
Total Fixed Assets	73 000	3 464 000	3 484 000	3 265 000
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	1 833 000	99 000	17 000	191 000
Total Current Assets	2 151 000	283 000	202 000	341 000
Total Assets	2 224 000	3 747 000	3 686 000	3 606 000
Total Equity	1 719 000	1 297 000	1 232 000	960 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	−13 000	1 371 000	1 449 000	0
Creditors	90 000	64 000	52 000	−1 000
Unpaid Taxes	0	0	0	0
Dividends	0	0	0	0
Other Current Debt	244 000	1 016 000	867 000	2 639 000
Total Current Debt	518 000	1 080 000	1 005 000	2 647 000
Total Equity and Debt	2 224 000	3 747 000	3 686 000	3 606 000

Financial indicators	2022	2021	2020	2019
Return on Equity	24,55 %	−0,77 %	22,08 %	101,04 %
Debt-to-Equity Ratio	−0,01	1,06	1,18	0
Operating Profit Margin	58,75 %	19,09 %	24,69 %	-
Current Ratio	4,15	0,26	0,2	0,13
Quick Ratio	4,15	0,26	0,2	0,13
Equity Ratio	0,77	0,35	0,33	0,27
Gross Profit Margin	100 %	100 %	78,6 %	-