TOWERTECH AS

7550 HOMMELVIK

Finances

Return on Equity

8,55 %

Current Ratio

5,39

Debt-to-Equity Ratio

Key figures (NOK)	2022	2021	2020	2019
Revenue	1 764 000	1 399 000	1 313 000	1 564 000
Net Income	134 000	53 000	87 000	138 000
Total Assets	1 854 000	1 654 000	1 666 000	1 601 000
Total Equity	1 567 000	1 433 000	1 380 000	1 293 000

Income (NOK)	2022	2021	2020	2019
Revenue	1 764 000	1 399 000	1 313 000	1 564 000
Expenditure	1 596 000	1 332 000	1 204 000	1 392 000
Operating Profit	168 000	67 000	109 000	172 000
Financial Income	4 000	2 000	4 000	6 000
Financial Costs	0	0	1 000	0
Financial Balance	4 000	2 000	3 000	6 000
Earnings Before Tax	172 000	68 000	112 000	177 000
Tax	38 000	15 000	25 000	39 000
Net Income	134 000	53 000	87 000	138 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	346 000	155 000	153 000	217 000
Total Current Assets	1 508 000	1 499 000	1 513 000	1 384 000
Total Assets	1 854 000	1 654 000	1 666 000	1 601 000
Total Retained Equity	1 547 000	1 413 000	1 360 000	1 273 000
Total Equity	1 567 000	1 433 000	1 380 000	1 293 000
Total Long-Term Debt	7 000	11 000	28 000	44 000
Total Current Debt	280 000	210 000	258 000	264 000
Total Equity and Debt	1 854 000	1 654 000	1 666 000	1 601 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	1 764 000	1 399 000	1 313 000	1 545 000
Other Income	0	0	0	19 000
Revenue	1 764 000	1 399 000	1 313 000	1 564 000
Cost of Goods Sold	121 000	82 000	19 000	45 000
Salary Costs	968 000	813 000	711 000	744 000
Depreciation	25 000	83 000	81 000	23 000
Impairment	0	0	0	30 000
Expenditure	1 596 000	1 332 000	1 204 000	1 392 000
Operating Profit	168 000	67 000	109 000	172 000
Financial Income	4 000	2 000	4 000	6 000
Financial Costs	0	0	1 000	0
Financial Balance	4 000	2 000	3 000	6 000
Dividends	0	0	0	0
Net Income	134 000	53 000	87 000	138 000

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	61 000	70 000	153 000	217 000
Total Tangible Assets	61 000	70 000	153 000	217 000
Total Fiancial Fixed Assets	285 000	85 000	0	0
Total Fixed Assets	346 000	155 000	153 000	217 000
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	1 168 000	1 234 000	1 278 000	1 077 000
Total Current Assets	1 508 000	1 499 000	1 513 000	1 384 000
Total Assets	1 854 000	1 654 000	1 666 000	1 601 000
Total Equity	1 567 000	1 433 000	1 380 000	1 293 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	7 000	11 000	28 000	44 000
Creditors	18 000	14 000	19 000	9 000
Unpaid Taxes	135 000	100 000	137 000	145 000
Dividends	0	0	0	0
Other Current Debt	85 000	64 000	61 000	61 000
Total Current Debt	280 000	210 000	258 000	264 000
Total Equity and Debt	1 854 000	1 654 000	1 666 000	1 601 000

Financial indicators	2022	2021	2020	2019
Return on Equity	8,55 %	3,7 %	6,3 %	10,67 %
Debt-to-Equity Ratio	0	0,01	0,02	0,03
Operating Profit Margin	9,52 %	4,79 %	8,3 %	11 %
Current Ratio	5,39	7,14	5,86	5,24
Quick Ratio	5,39	7,14	5,86	5,24
Equity Ratio	0,85	0,87	0,83	0,81
Gross Profit Margin	93,14 %	94,14 %	98,55 %	97,12 %