TECHNOLOGY WITH A HEART AS

3077 SANDE I VESTFOLD

Finances

Return on Equity

41,32 %

Current Ratio

0,34

Debt-to-Equity Ratio

−1,04

Key figures (NOK)	2022	2021	2020	2019
Revenue	25 000	1 000	5 000	130 000
Net Income	−3 383 000	−949 000	−1 046 000	−1 869 000
Total Assets	493 000	3 223 000	3 618 000	4 260 000
Total Equity	−8 188 000	−4 806 000	−3 857 000	−2 811 000

Income (NOK)	2022	2021	2020	2019
Revenue	25 000	1 000	5 000	130 000
Expenditure	2 955 000	576 000	701 000	1 717 000
Operating Profit	−2 931 000	−576 000	−696 000	−1 587 000
Financial Income	0	1 000	3 000	3 000
Financial Costs	453 000	374 000	353 000	284 000
Financial Balance	−453 000	−373 000	−350 000	−281 000
Earnings Before Tax	−3 383 000	−949 000	−1 046 000	−1 869 000
Tax	0	0	0	0
Net Income	−3 383 000	−949 000	−1 046 000	−1 869 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	447 000	972 000	1 461 000	1 950 000
Total Current Assets	46 000	2 251 000	2 157 000	2 309 000
Total Assets	493 000	3 223 000	3 618 000	4 260 000
Total Retained Equity	−11 428 000	−8 046 000	−7 097 000	−6 051 000
Total Equity	−8 188 000	−4 806 000	−3 857 000	−2 811 000
Total Long-Term Debt	8 547 000	7 919 000	7 359 000	6 818 000
Total Current Debt	135 000	110 000	116 000	253 000
Total Equity and Debt	493 000	3 223 000	3 618 000	4 260 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	25 000	1 000	5 000	130 000
Other Income	0	0	0	0
Revenue	25 000	1 000	5 000	130 000
Cost of Goods Sold	0	0	0	0
Salary Costs	0	0	34 000	856 000
Depreciation	445 000	489 000	489 000	306 000
Impairment	0	0	0	0
Expenditure	2 955 000	576 000	701 000	1 717 000
Operating Profit	−2 931 000	−576 000	−696 000	−1 587 000
Financial Income	0	1 000	3 000	3 000
Financial Costs	453 000	374 000	353 000	284 000
Financial Balance	−453 000	−373 000	−350 000	−281 000
Dividends	0	0	0	0
Net Income	−3 383 000	−949 000	−1 046 000	−1 869 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	432 000	877 000	1 366 000	1 855 000
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	15 000	95 000	95 000	95 000
Total Fixed Assets	447 000	972 000	1 461 000	1 950 000
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	40 000	1 000	11 000	55 000
Total Current Assets	46 000	2 251 000	2 157 000	2 309 000
Total Assets	493 000	3 223 000	3 618 000	4 260 000
Total Equity	−8 188 000	−4 806 000	−3 857 000	−2 811 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	8 547 000	7 919 000	7 359 000	6 818 000
Creditors	24 000	6 000	12 000	15 000
Unpaid Taxes	14 000	13 000	13 000	74 000
Dividends	0	0	0	0
Other Current Debt	96 000	91 000	91 000	164 000
Total Current Debt	135 000	110 000	116 000	253 000
Total Equity and Debt	493 000	3 223 000	3 618 000	4 260 000

Financial indicators	2022	2021	2020	2019
Return on Equity	41,32 %	19,75 %	27,12 %	66,49 %
Debt-to-Equity Ratio	−1,04	−1,65	−1,91	−2,43
Operating Profit Margin	−11 724 %	−57 600 %	−13 920 %	−1 220,77 %
Current Ratio	0,34	20,46	18,59	9,13
Quick Ratio	0,34	20,46	18,59	9,13
Equity Ratio	−16,61	−1,49	−1,07	−0,66
Gross Profit Margin	100 %	100 %	100 %	100 %