NORWEGIAN TECHNOLOGY AS

4021 STAVANGER

Finances

Return on Equity

−5,28 %

Current Ratio

0,77

Debt-to-Equity Ratio

Key figures (NOK)	2022	2021	2020	2019
Revenue	7 612 000	8 266 000	6 768 000	10 060 000
Net Income	−737 000	−624 000	−739 000	2 188 000
Total Assets	28 891 000	23 508 000	22 426 000	37 074 000
Total Equity	13 965 000	14 702 000	15 326 000	15 725 000

Income (NOK)	2022	2021	2020	2019
Revenue	7 612 000	8 266 000	6 768 000	10 060 000
Expenditure	7 965 000	9 382 000	9 134 000	12 010 000
Operating Profit	−353 000	−1 117 000	−2 367 000	−1 949 000
Financial Income	2 273 000	5 122 000	1 645 000	5 477 000
Financial Costs	2 255 000	3 753 000	348 000	792 000
Financial Balance	18 000	1 369 000	1 297 000	4 685 000
Earnings Before Tax	−336 000	252 000	−1 070 000	2 736 000
Tax	402 000	876 000	−332 000	548 000
Net Income	−737 000	−624 000	−739 000	2 188 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	17 393 000	15 465 000	19 001 000	12 643 000
Total Current Assets	11 498 000	8 043 000	3 425 000	24 431 000
Total Assets	28 891 000	23 508 000	22 426 000	37 074 000
Total Retained Equity	808 000	1 545 000	2 169 000	2 908 000
Total Equity	13 965 000	14 702 000	15 326 000	15 725 000
Total Long-Term Debt	0	0	0	7 749 000
Total Current Debt	14 926 000	8 805 000	7 100 000	13 599 000
Total Equity and Debt	28 891 000	23 508 000	22 426 000	37 074 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	497 000	421 000	0	10 060 000
Other Income	7 115 000	7 845 000	6 768 000	0
Revenue	7 612 000	8 266 000	6 768 000	10 060 000
Cost of Goods Sold	4 301 000	1 411 000	1 839 000	4 140 000
Salary Costs	1 117 000	429 000	1 102 000	1 504 000
Depreciation	1 163 000	1 813 000	2 003 000	2 404 000
Impairment	0	0	0	0
Expenditure	7 965 000	9 382 000	9 134 000	12 010 000
Operating Profit	−353 000	−1 117 000	−2 367 000	−1 949 000
Financial Income	2 273 000	5 122 000	1 645 000	5 477 000
Financial Costs	2 255 000	3 753 000	348 000	792 000
Financial Balance	18 000	1 369 000	1 297 000	4 685 000
Dividends	0	0	0	0
Net Income	−737 000	−624 000	−739 000	2 188 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	4 987 000	1 895 000	3 618 000	1 038 000
Real Eastate	0	0	0	0
Machinery and Plant Facilities	600 000	1 750 000	3 550 000	6 110 000
Fixtures	26 000	39 000	52 000	65 000
Total Tangible Assets	626 000	1 789 000	3 602 000	6 175 000
Total Fiancial Fixed Assets	11 780 000	11 780 000	11 780 000	5 430 000
Total Fixed Assets	17 393 000	15 465 000	19 001 000	12 643 000
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	133 000	639 000	35 000	48 000
Total Current Assets	11 498 000	8 043 000	3 425 000	24 431 000
Total Assets	28 891 000	23 508 000	22 426 000	37 074 000
Total Equity	13 965 000	14 702 000	15 326 000	15 725 000
Short-Term Group Debt	10 839 000	7 639 000	0	0
Total Long-Term Debt	0	0	0	7 749 000
Creditors	3 021 000	392 000	629 000	1 061 000
Unpaid Taxes	357 000	309 000	1 149 000	1 726 000
Dividends	0	0	0	0
Other Current Debt	708 000	466 000	5 321 000	8 262 000
Total Current Debt	14 926 000	8 805 000	7 100 000	13 599 000
Total Equity and Debt	28 891 000	23 508 000	22 426 000	37 074 000

Financial indicators	2022	2021	2020	2019
Return on Equity	−5,28 %	−4,24 %	−4,82 %	13,91 %
Debt-to-Equity Ratio	0	0	0	0,49
Operating Profit Margin	−4,64 %	−13,51 %	−34,97 %	−19,37 %
Current Ratio	0,77	0,91	0,48	1,8
Quick Ratio	0,77	0,91	0,48	1,8
Equity Ratio	0,48	0,63	0,68	0,42
Gross Profit Margin	43,5 %	82,93 %	72,83 %	58,85 %