NORWAVE AS

5073 BERGEN

Finances

Share Ownership

Return on Equity

78,99 %

Current Ratio

1,46

Debt-to-Equity Ratio

Key figures (NOK)	2022	2021	2020	2019
Revenue	1 894 000	359 000	2 745 000	3 857 000
Net Income	109 000	25 000	−168 000	337 000
Total Assets	412 000	162 000	265 000	480 000
Total Equity	138 000	29 000	4 000	172 000

Income (NOK)	2022	2021	2020	2019
Revenue	1 894 000	359 000	2 745 000	3 857 000
Expenditure	1 774 000	321 000	2 957 000	3 414 000
Operating Profit	120 000	39 000	−211 000	444 000
Financial Income	29 000	1 000	10 000	0
Financial Costs	8 000	7 000	6 000	12 000
Financial Balance	21 000	−6 000	4 000	−12 000
Earnings Before Tax	141 000	33 000	−208 000	432 000
Tax	32 000	7 000	−40 000	95 000
Net Income	109 000	25 000	−168 000	337 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	11 000	0	50 000	50 000
Total Current Assets	401 000	162 000	215 000	430 000
Total Assets	412 000	162 000	265 000	480 000
Total Retained Equity	108 000	−1 000	−26 000	142 000
Total Equity	138 000	29 000	4 000	172 000
Total Long-Term Debt	0	0	0	0
Total Current Debt	274 000	133 000	261 000	308 000
Total Equity and Debt	412 000	162 000	265 000	480 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	1 894 000	359 000	2 745 000	3 857 000
Other Income	0	0	0	0
Revenue	1 894 000	359 000	2 745 000	3 857 000
Cost of Goods Sold	602 000	85 000	1 835 000	2 407 000
Salary Costs	1 007 000	184 000	887 000	894 000
Depreciation	0	0	0	0
Impairment	0	0	0	0
Expenditure	1 774 000	321 000	2 957 000	3 414 000
Operating Profit	120 000	39 000	−211 000	444 000
Financial Income	29 000	1 000	10 000	0
Financial Costs	8 000	7 000	6 000	12 000
Financial Balance	21 000	−6 000	4 000	−12 000
Dividends	0	0	0	0
Net Income	109 000	25 000	−168 000	337 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	11 000	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	0	0	50 000	50 000
Total Fixed Assets	11 000	0	50 000	50 000
Stock	275 000	0	0	0
Total Investments	0	0	0	0
Cash, Bank	97 000	159 000	25 000	430 000
Total Current Assets	401 000	162 000	215 000	430 000
Total Assets	412 000	162 000	265 000	480 000
Total Equity	138 000	29 000	4 000	172 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	0	0	0	0
Creditors	14 000	8 000	18 000	14 000
Unpaid Taxes	82 000	64 000	50 000	106 000
Dividends	0	0	0	0
Other Current Debt	135 000	53 000	78 000	142 000
Total Current Debt	274 000	133 000	261 000	308 000
Total Equity and Debt	412 000	162 000	265 000	480 000

Financial indicators	2022	2021	2020	2019
Return on Equity	78,99 %	86,21 %	−4 200 %	195,93 %
Debt-to-Equity Ratio	0	0	0	0
Operating Profit Margin	6,34 %	10,86 %	−7,69 %	11,51 %
Current Ratio	1,46	1,22	0,82	1,4
Quick Ratio	−401	1,22	0,82	1,4
Equity Ratio	0,33	0,18	0,02	0,36
Gross Profit Margin	68,22 %	76,32 %	33,15 %	37,59 %