TECHWAVE SOLUTIONS AS

1712 GRÅLUM

Finances

Share Ownership

Return on Equity

29,85 %

Current Ratio

0,51

Debt-to-Equity Ratio

−0,07

Key figures (NOK)	2022	2021	2020	2019
Revenue	70 000	0	294 000	531 000
Net Income	−357 000	−332 000	−235 000	−247 000
Total Assets	351 000	954 000	1 253 000	1 544 000
Total Equity	−1 196 000	−839 000	−507 000	−272 000

Income (NOK)	2022	2021	2020	2019
Revenue	70 000	0	294 000	531 000
Expenditure	427 000	332 000	514 000	804 000
Operating Profit	−356 000	−332 000	−219 000	−273 000
Financial Income	0	0	10 000	26 000
Financial Costs	0	0	27 000	0
Financial Balance	0	0	−17 000	26 000
Earnings Before Tax	−357 000	−332 000	−235 000	−247 000
Tax	0	0	0	0
Net Income	−357 000	−332 000	−235 000	−247 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	−393 000	310 000	390 000	914 000
Total Current Assets	744 000	644 000	862 000	630 000
Total Assets	351 000	954 000	1 253 000	1 544 000
Total Retained Equity	−1 226 000	−869 000	−537 000	−302 000
Total Equity	−1 196 000	−839 000	−507 000	−272 000
Total Long-Term Debt	87 000	807 000	807 000	807 000
Total Current Debt	1 460 000	986 000	953 000	1 009 000
Total Equity and Debt	351 000	954 000	1 253 000	1 544 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	70 000	0	294 000	531 000
Other Income	0	0	0	0
Revenue	70 000	0	294 000	531 000
Cost of Goods Sold	0	0	0	0
Salary Costs	288 000	288 000	463 000	768 000
Depreciation	0	0	0	0
Impairment	0	0	0	0
Expenditure	427 000	332 000	514 000	804 000
Operating Profit	−356 000	−332 000	−219 000	−273 000
Financial Income	0	0	10 000	26 000
Financial Costs	0	0	27 000	0
Financial Balance	0	0	−17 000	26 000
Dividends	0	0	0	0
Net Income	−357 000	−332 000	−235 000	−247 000

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	−393 000	310 000	390 000	914 000
Total Fixed Assets	−393 000	310 000	390 000	914 000
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	33 000	37 000	255 000	23 000
Total Current Assets	744 000	644 000	862 000	630 000
Total Assets	351 000	954 000	1 253 000	1 544 000
Total Equity	−1 196 000	−839 000	−507 000	−272 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	87 000	807 000	807 000	807 000
Creditors	123 000	14 000	15 000	0
Unpaid Taxes	151 000	145 000	101 000	258 000
Dividends	0	0	0	0
Other Current Debt	1 186 000	827 000	837 000	751 000
Total Current Debt	1 460 000	986 000	953 000	1 009 000
Total Equity and Debt	351 000	954 000	1 253 000	1 544 000

Financial indicators	2022	2021	2020	2019
Return on Equity	29,85 %	39,57 %	46,35 %	90,81 %
Debt-to-Equity Ratio	−0,07	−0,96	−1,59	−2,97
Operating Profit Margin	−508,57 %	-	−74,49 %	−51,41 %
Current Ratio	0,51	0,65	0,9	0,62
Quick Ratio	0,51	0,65	0,9	0,62
Equity Ratio	−3,41	−0,88	−0,4	−0,18
Gross Profit Margin	100 %	-	100 %	100 %