TRUENORTH NORWAY AS

1410 KOLBOTN

Finances

Return on Equity

208,36 %

Current Ratio

1,04

Debt-to-Equity Ratio

−1,57

Key figures (NOK)	2022	2021	2020	2019
Revenue	69 453 000	27 600 000	168 575 000	92 033 000
Net Income	−1 271 000	−579 000	97 000	946 000
Total Assets	6 250 000	2 230 000	9 544 000	4 792 000
Total Equity	−610 000	662 000	1 241 000	1 145 000

Income (NOK)	2022	2021	2020	2019
Revenue	69 453 000	27 600 000	168 575 000	92 033 000
Expenditure	70 738 000	28 199 000	168 478 000	91 073 000
Operating Profit	−1 284 000	−600 000	98 000	961 000
Financial Income	22 000	25 000	5 000	14 000
Financial Costs	9 000	5 000	6 000	28 000
Financial Balance	13 000	20 000	−1 000	−14 000
Earnings Before Tax	−1 271 000	−579 000	97 000	946 000
Tax	0	0	0	0
Net Income	−1 271 000	−579 000	97 000	946 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	124 000	123 000	123 000	123 000
Total Current Assets	6 126 000	2 107 000	9 421 000	4 669 000
Total Assets	6 250 000	2 230 000	9 544 000	4 792 000
Total Retained Equity	−640 000	632 000	1 211 000	1 115 000
Total Equity	−610 000	662 000	1 241 000	1 145 000
Total Long-Term Debt	957 000	957 000	0	0
Total Current Debt	5 903 000	611 000	8 302 000	3 647 000
Total Equity and Debt	6 250 000	2 230 000	9 544 000	4 792 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	69 453 000	27 600 000	168 574 000	91 883 000
Other Income	0	0	1 000	150 000
Revenue	69 453 000	27 600 000	168 575 000	92 033 000
Cost of Goods Sold	68 143 000	26 620 000	167 203 000	90 133 000
Salary Costs	1 006 000	738 000	198 000	134 000
Depreciation	0	0	0	0
Impairment	0	0	0	0
Expenditure	70 738 000	28 199 000	168 478 000	91 073 000
Operating Profit	−1 284 000	−600 000	98 000	961 000
Financial Income	22 000	25 000	5 000	14 000
Financial Costs	9 000	5 000	6 000	28 000
Financial Balance	13 000	20 000	−1 000	−14 000
Dividends	0	0	0	0
Net Income	−1 271 000	−579 000	97 000	946 000

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	124 000	123 000	123 000	123 000
Total Fixed Assets	124 000	123 000	123 000	123 000
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	1 389 000	1 613 000	1 788 000	3 193 000
Total Current Assets	6 126 000	2 107 000	9 421 000	4 669 000
Total Assets	6 250 000	2 230 000	9 544 000	4 792 000
Total Equity	−610 000	662 000	1 241 000	1 145 000
Short-Term Group Debt	0	0	957 000	1 689 000
Total Long-Term Debt	957 000	957 000	0	0
Creditors	3 715 000	0	7 321 000	706 000
Unpaid Taxes	398 000	216 000	24 000	6 000
Dividends	0	0	0	0
Other Current Debt	1 789 000	395 000	0	1 247 000
Total Current Debt	5 903 000	611 000	8 302 000	3 647 000
Total Equity and Debt	6 250 000	2 230 000	9 544 000	4 792 000

Financial indicators	2022	2021	2020	2019
Return on Equity	208,36 %	−87,46 %	7,82 %	82,62 %
Debt-to-Equity Ratio	−1,57	1,45	0	0
Operating Profit Margin	−1,85 %	−2,17 %	0,06 %	1,04 %
Current Ratio	1,04	3,45	1,13	1,28
Quick Ratio	1,04	3,45	1,13	1,28
Equity Ratio	−0,1	0,3	0,13	0,24
Gross Profit Margin	1,89 %	3,55 %	0,81 %	2,06 %