NORWEGIAN WATCH COMPANY AS

3921 PORSGRUNN

Finances

Share Ownership

Return on Equity

21,51 %

Current Ratio

Debt-to-Equity Ratio

−0,56

Key figures (NOK)	2022	2021	2020	2019
Revenue	0	0	0	0
Net Income	−37 000	−86 000	−194 000	−29 000
Total Assets	61 000	102 000	162 000	189 000
Total Equity	−172 000	−135 000	−49 000	145 000

Income (NOK)	2022	2021	2020	2019
Revenue	0	0	0	0
Expenditure	37 000	86 000	194 000	27 000
Operating Profit	−37 000	−86 000	−194 000	−27 000
Financial Income	0	0	0	0
Financial Costs	0	0	0	2 000
Financial Balance	0	0	0	−2 000
Earnings Before Tax	−37 000	−86 000	−194 000	−29 000
Tax	0	0	0	0
Net Income	−37 000	−86 000	−194 000	−29 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	61 000	89 000	117 000	188 000
Total Current Assets	0	13 000	45 000	1 000
Total Assets	61 000	102 000	162 000	189 000
Total Retained Equity	−472 000	−435 000	−349 000	−155 000
Total Equity	−172 000	−135 000	−49 000	145 000
Total Long-Term Debt	96 000	89 000	60 000	17 000
Total Current Debt	137 000	148 000	151 000	27 000
Total Equity and Debt	61 000	102 000	162 000	189 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	0	0	0	0
Other Income	0	0	0	0
Revenue	0	0	0	0
Cost of Goods Sold	0	0	0	0
Salary Costs	0	0	0	0
Depreciation	28 000	28 000	23 000	0
Impairment	0	0	0	0
Expenditure	37 000	86 000	194 000	27 000
Operating Profit	−37 000	−86 000	−194 000	−27 000
Financial Income	0	0	0	0
Financial Costs	0	0	0	2 000
Financial Balance	0	0	0	−2 000
Dividends	0	0	0	0
Net Income	−37 000	−86 000	−194 000	−29 000

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	61 000	89 000	117 000	0
Total Tangible Assets	61 000	89 000	117 000	0
Total Fiancial Fixed Assets	0	0	0	188 000
Total Fixed Assets	61 000	89 000	117 000	188 000
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	0	13 000	13 000	1 000
Total Current Assets	0	13 000	45 000	1 000
Total Assets	61 000	102 000	162 000	189 000
Total Equity	−172 000	−135 000	−49 000	145 000
Short-Term Group Debt	17 000	17 000	17 000	0
Total Long-Term Debt	96 000	89 000	60 000	17 000
Creditors	120 000	131 000	134 000	27 000
Unpaid Taxes	0	0	0	0
Dividends	0	0	0	0
Other Current Debt	0	0	0	0
Total Current Debt	137 000	148 000	151 000	27 000
Total Equity and Debt	61 000	102 000	162 000	189 000

Financial indicators	2022	2021	2020	2019
Return on Equity	21,51 %	63,7 %	395,92 %	−20 %
Debt-to-Equity Ratio	−0,56	−0,66	−1,22	0,12
Operating Profit Margin	-	-	-	-
Current Ratio	0	0,09	0,3	0,04
Quick Ratio	0	0,09	0,3	0,04
Equity Ratio	−2,82	−1,32	−0,3	0,77
Gross Profit Margin	-	-	-	-