TANGEN ENGINEERING AS

7502 STJØRDAL

Finances

Share Ownership

Return on Equity

108 %

Current Ratio

1,41

Debt-to-Equity Ratio

0,56

Key figures (NOK)	2022	2021	2020	2019
Revenue	11 358 000	10 203 000	8 477 000	10 633 000
Net Income	904 000	393 000	−432 000	−91 000
Total Assets	4 309 000	5 205 000	4 821 000	4 626 000
Total Equity	837 000	826 000	574 000	586 000

Income (NOK)	2022	2021	2020	2019
Revenue	11 358 000	10 203 000	8 477 000	10 633 000
Expenditure	10 176 000	9 643 000	8 924 000	10 655 000
Operating Profit	1 182 000	559 000	−447 000	−23 000
Financial Income	13 000	18 000	21 000	10 000
Financial Costs	36 000	72 000	128 000	104 000
Financial Balance	−23 000	−54 000	−107 000	−94 000
Earnings Before Tax	1 159 000	505 000	−554 000	−117 000
Tax	255 000	112 000	−122 000	−25 000
Net Income	904 000	393 000	−432 000	−91 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	65 000	22 000	558 000	565 000
Total Current Assets	4 244 000	5 183 000	4 263 000	4 061 000
Total Assets	4 309 000	5 205 000	4 821 000	4 626 000
Total Retained Equity	387 000	376 000	124 000	556 000
Total Equity	837 000	826 000	574 000	586 000
Total Long-Term Debt	466 000	964 000	2 155 000	1 317 000
Total Current Debt	3 006 000	3 415 000	2 092 000	2 723 000
Total Equity and Debt	4 309 000	5 205 000	4 821 000	4 626 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	11 358 000	10 203 000	8 477 000	10 632 000
Other Income	0	0	0	0
Revenue	11 358 000	10 203 000	8 477 000	10 633 000
Cost of Goods Sold	3 635 000	2 148 000	428 000	1 323 000
Salary Costs	5 189 000	5 241 000	6 583 000	8 050 000
Depreciation	20 000	99 000	96 000	84 000
Impairment	0	364 000	0	0
Expenditure	10 176 000	9 643 000	8 924 000	10 655 000
Operating Profit	1 182 000	559 000	−447 000	−23 000
Financial Income	13 000	18 000	21 000	10 000
Financial Costs	36 000	72 000	128 000	104 000
Financial Balance	−23 000	−54 000	−107 000	−94 000
Dividends	0	0	0	0
Net Income	904 000	393 000	−432 000	−91 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	4 000	7 000	80 000	14 000
Real Eastate	0	0	0	0
Machinery and Plant Facilities	0	0	0	0
Fixtures	61 000	14 000	478 000	551 000
Total Tangible Assets	61 000	14 000	478 000	551 000
Total Fiancial Fixed Assets	0	0	0	0
Total Fixed Assets	65 000	22 000	558 000	565 000
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	635 000	478 000	973 000	238 000
Total Current Assets	4 244 000	5 183 000	4 263 000	4 061 000
Total Assets	4 309 000	5 205 000	4 821 000	4 626 000
Total Equity	837 000	826 000	574 000	586 000
Short-Term Group Debt	1 148 000	182 000	2 000	2 000
Total Long-Term Debt	466 000	964 000	2 155 000	1 317 000
Creditors	724 000	2 059 000	962 000	444 000
Unpaid Taxes	615 000	787 000	633 000	1 009 000
Dividends	0	0	0	0
Other Current Debt	519 000	387 000	495 000	731 000
Total Current Debt	3 006 000	3 415 000	2 092 000	2 723 000
Total Equity and Debt	4 309 000	5 205 000	4 821 000	4 626 000

Financial indicators	2022	2021	2020	2019
Return on Equity	108 %	47,58 %	−75,26 %	−15,53 %
Debt-to-Equity Ratio	0,56	1,17	3,75	2,25
Operating Profit Margin	10,41 %	5,48 %	−5,27 %	−0,22 %
Current Ratio	1,41	1,52	2,04	1,49
Quick Ratio	1,41	1,52	2,04	1,49
Equity Ratio	0,19	0,16	0,12	0,13
Gross Profit Margin	68 %	78,95 %	94,95 %	87,56 %