NORWEGIAN TIDAL SOLUTIONS AS

4314 SANDNES

Finances

Share Ownership

Return on Equity

−30,44 %

Current Ratio

1,1

Debt-to-Equity Ratio

0,34

Key figures (NOK)	2022	2021	2020	2019
Revenue	350 000	0	0	0
Net Income	−179 000	−78 000	−174 000	−145 000
Total Assets	1 602 000	972 000	550 000	644 000
Total Equity	588 000	−183 000	−506 000	−332 000

Income (NOK)	2022	2021	2020	2019
Revenue	350 000	0	0	0
Expenditure	529 000	77 000	173 000	145 000
Operating Profit	−179 000	−78 000	−174 000	−145 000
Financial Income	0	0	0	0
Financial Costs	0	0	0	0
Financial Balance	0	0	0	0
Earnings Before Tax	−179 000	−78 000	−174 000	−145 000
Tax	0	0	0	0
Net Income	−179 000	−78 000	−174 000	−145 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	706 000	458 000	513 000	513 000
Total Current Assets	897 000	515 000	36 000	130 000
Total Assets	1 602 000	972 000	550 000	644 000
Total Retained Equity	0	−373 000	−680 000	−506 000
Total Equity	588 000	−183 000	−506 000	−332 000
Total Long-Term Debt	200 000	0	0	0
Total Current Debt	814 000	1 156 000	1 055 000	976 000
Total Equity and Debt	1 602 000	972 000	550 000	644 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	350 000	0	0	0
Other Income	0	0	0	0
Revenue	350 000	0	0	0
Cost of Goods Sold	350 000	27 000	162 000	0
Salary Costs	83 000	0	0	3 000
Depreciation	0	0	0	0
Impairment	0	0	0	0
Expenditure	529 000	77 000	173 000	145 000
Operating Profit	−179 000	−78 000	−174 000	−145 000
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	−179 000	−78 000	−174 000	−145 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	706 000	458 000	513 000	513 000
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	0	0	0	0
Total Fixed Assets	706 000	458 000	513 000	513 000
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	268 000	326 000	36 000	120 000
Total Current Assets	897 000	515 000	36 000	130 000
Total Assets	1 602 000	972 000	550 000	644 000
Total Equity	588 000	−183 000	−506 000	−332 000
Short-Term Group Debt	0	950 000	850 000	800 000
Total Long-Term Debt	200 000	0	0	0
Creditors	252 000	33 000	1 000	3 000
Unpaid Taxes	43 000	0	0	0
Dividends	0	0	0	0
Other Current Debt	520 000	173 000	205 000	173 000
Total Current Debt	814 000	1 156 000	1 055 000	976 000
Total Equity and Debt	1 602 000	972 000	550 000	644 000

Financial indicators	2022	2021	2020	2019
Return on Equity	−30,44 %	42,62 %	34,39 %	43,67 %
Debt-to-Equity Ratio	0,34	−0	−0	−0
Operating Profit Margin	−51,14 %	-	-	-
Current Ratio	1,1	0,45	0,03	0,13
Quick Ratio	1,1	0,45	0,03	0,13
Equity Ratio	0,37	−0,19	−0,92	−0,52
Gross Profit Margin	0 %	-	-	-