SH-TUNING NORWAY AS

3027 DRAMMEN

Finances

Share Ownership

Return on Equity

68,52 %

Current Ratio

Debt-to-Equity Ratio

−2,48

Key figures (NOK)	2022	2021	2020	2019
Revenue	340 000	624 000	684 000	615 000
Net Income	−209 000	122 000	110 000	−255 000
Total Assets	494 000	576 000	627 000	761 000
Total Equity	−305 000	−181 000	−151 000	−181 000

Income (NOK)	2022	2021	2020	2019
Revenue	340 000	624 000	684 000	615 000
Expenditure	522 000	501 000	328 000	870 000
Operating Profit	−182 000	122 000	110 000	−255 000
Financial Income	0	0	0	0
Financial Costs	0	0	0	0
Financial Balance	0	0	0	0
Earnings Before Tax	−182 000	122 000	110 000	−255 000
Tax	27 000	0	0	0
Net Income	−209 000	122 000	110 000	−255 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	408 000	516 000	255 000	283 000
Total Current Assets	86 000	59 000	372 000	478 000
Total Assets	494 000	576 000	627 000	761 000
Total Retained Equity	−335 000	−211 000	−181 000	−211 000
Total Equity	−305 000	−181 000	−151 000	−181 000
Total Long-Term Debt	756 000	712 000	778 000	867 000
Total Current Debt	43 000	44 000	0	75 000
Total Equity and Debt	494 000	576 000	627 000	761 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	340 000	624 000	684 000	615 000
Other Income	0	0	0	0
Revenue	340 000	624 000	684 000	615 000
Cost of Goods Sold	159 000	224 000	0	488 000
Salary Costs	76 000	81 000	86 000	155 000
Depreciation	108 000	0	44 000	55 000
Impairment	0	0	0	0
Expenditure	522 000	501 000	328 000	870 000
Operating Profit	−182 000	122 000	110 000	−255 000
Financial Income	0	0	0	0
Financial Costs	0	0	0	0
Financial Balance	0	0	0	0
Dividends	0	0	0	0
Net Income	−209 000	122 000	110 000	−255 000

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	400 000	0	255 000	283 000
Fixtures	8 000	516 000	0	0
Total Tangible Assets	408 000	516 000	255 000	283 000
Total Fiancial Fixed Assets	0	0	0	0
Total Fixed Assets	408 000	516 000	255 000	283 000
Stock	41 000	41 000	356 000	365 000
Total Investments	0	0	0	0
Cash, Bank	32 000	18 000	16 000	92 000
Total Current Assets	86 000	59 000	372 000	478 000
Total Assets	494 000	576 000	627 000	761 000
Total Equity	−305 000	−181 000	−151 000	−181 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	756 000	712 000	778 000	867 000
Creditors	0	0	0	0
Unpaid Taxes	1 000	44 000	0	0
Dividends	0	0	0	0
Other Current Debt	42 000	0	0	75 000
Total Current Debt	43 000	44 000	0	75 000
Total Equity and Debt	494 000	576 000	627 000	761 000

Financial indicators	2022	2021	2020	2019
Return on Equity	68,52 %	−67,4 %	−72,85 %	140,88 %
Debt-to-Equity Ratio	−2,48	−3,93	−5,15	−4,79
Operating Profit Margin	−53,53 %	19,55 %	16,08 %	−41,46 %
Current Ratio	2	1,34	-	6,37
Quick Ratio	43	19,67	−1,04	−1,65
Equity Ratio	−0,62	−0,31	−0,24	−0,24
Gross Profit Margin	53,24 %	64,1 %	100 %	20,65 %