OTEC SOLUTIONS AS

0173 OSLO

Finances

Return on Equity

94,73 %

Current Ratio

1,46

Debt-to-Equity Ratio

Key figures (NOK)	2022	2021	2020	2019
Revenue	0	0	0	10 000
Net Income	539 000	−9 000	−13 000	−6 000
Total Assets	1 578 000	39 000	43 000	53 000
Total Equity	569 000	30 000	40 000	53 000

Income (NOK)	2022	2021	2020	2019
Revenue	0	0	0	10 000
Expenditure	11 000	9 000	16 000	16 000
Operating Profit	−11 000	−9 000	−16 000	−6 000
Financial Income	550 000	0	0	0
Financial Costs	0	0	0	0
Financial Balance	550 000	0	0	0
Earnings Before Tax	539 000	−9 000	−16 000	−6 000
Tax	0	0	−4 000	0
Net Income	539 000	−9 000	−13 000	−6 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	100 000	0	0	0
Total Current Assets	1 478 000	39 000	43 000	53 000
Total Assets	1 578 000	39 000	43 000	53 000
Total Retained Equity	539 000	0	10 000	23 000
Total Equity	569 000	30 000	40 000	53 000
Total Long-Term Debt	0	0	0	0
Total Current Debt	1 009 000	8 000	3 000	0
Total Equity and Debt	1 578 000	39 000	43 000	53 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	0	0	0	10 000
Other Income	0	0	0	0
Revenue	0	0	0	10 000
Cost of Goods Sold	0	0	0	0
Salary Costs	0	0	0	0
Depreciation	0	0	0	0
Impairment	0	0	0	0
Expenditure	11 000	9 000	16 000	16 000
Operating Profit	−11 000	−9 000	−16 000	−6 000
Financial Income	550 000	0	0	0
Financial Costs	0	0	0	0
Financial Balance	550 000	0	0	0
Dividends	0	0	0	0
Net Income	539 000	−9 000	−13 000	−6 000

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	100 000	0	0	0
Total Fixed Assets	100 000	0	0	0
Stock	0	0	0	0
Total Investments	900 000	0	0	0
Cash, Bank	378 000	39 000	40 000	52 000
Total Current Assets	1 478 000	39 000	43 000	53 000
Total Assets	1 578 000	39 000	43 000	53 000
Total Equity	569 000	30 000	40 000	53 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	0	0	0	0
Creditors	1 000	0	3 000	0
Unpaid Taxes	0	0	0	0
Dividends	0	0	0	0
Other Current Debt	1 008 000	8 000	0	0
Total Current Debt	1 009 000	8 000	3 000	0
Total Equity and Debt	1 578 000	39 000	43 000	53 000

Financial indicators	2022	2021	2020	2019
Return on Equity	94,73 %	−30 %	−32,5 %	−11,32 %
Debt-to-Equity Ratio	0	0	0	0
Operating Profit Margin	-	-	-	−60 %
Current Ratio	1,46	4,88	14,33	-
Quick Ratio	1,46	4,88	14,33	-
Equity Ratio	0,36	0,77	0,93	1
Gross Profit Margin	-	-	-	100 %