TT SOLUTIONS AS

8515 NARVIK

Finances

Share Ownership

Return on Equity

171,75 %

Current Ratio

0,47

Debt-to-Equity Ratio

−1,2

Key figures (NOK)	2022	2021	2020	2019
Revenue	13 048 000	19 054 000	10 292 000	3 278 000
Net Income	−1 283 000	117 000	174 000	58 000
Total Assets	2 845 000	1 323 000	698 000	445 000
Total Equity	−747 000	535 000	418 000	244 000

Income (NOK)	2022	2021	2020	2019
Revenue	13 048 000	19 054 000	10 292 000	3 278 000
Expenditure	14 742 000	18 883 000	10 015 000	3 200 000
Operating Profit	−1 695 000	172 000	277 000	78 000
Financial Income	0	0	0	0
Financial Costs	14 000	16 000	36 000	1 000
Financial Balance	−14 000	−16 000	−36 000	−1 000
Earnings Before Tax	−1 709 000	156 000	241 000	77 000
Tax	−426 000	39 000	66 000	19 000
Net Income	−1 283 000	117 000	174 000	58 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	1 566 000	227 000	441 000	157 000
Total Current Assets	1 279 000	1 096 000	257 000	288 000
Total Assets	2 845 000	1 323 000	698 000	445 000
Total Retained Equity	−777 000	505 000	388 000	214 000
Total Equity	−747 000	535 000	418 000	244 000
Total Long-Term Debt	897 000	53 000	175 000	110 000
Total Current Debt	2 695 000	735 000	105 000	91 000
Total Equity and Debt	2 845 000	1 323 000	698 000	445 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	13 201 000	18 624 000	10 287 000	3 266 000
Other Income	−153 000	430 000	5 000	12 000
Revenue	13 048 000	19 054 000	10 292 000	3 278 000
Cost of Goods Sold	2 224 000	1 244 000	697 000	126 000
Salary Costs	1 692 000	1 650 000	810 000	109 000
Depreciation	13 000	17 000	39 000	9 000
Impairment	0	0	0	0
Expenditure	14 742 000	18 883 000	10 015 000	3 200 000
Operating Profit	−1 695 000	172 000	277 000	78 000
Financial Income	0	0	0	0
Financial Costs	14 000	16 000	36 000	1 000
Financial Balance	−14 000	−16 000	−36 000	−1 000
Dividends	0	0	0	0
Net Income	−1 283 000	117 000	174 000	58 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	541 000	115 000	0	0
Real Eastate	0	0	0	0
Machinery and Plant Facilities	0	0	0	0
Fixtures	967 000	66 000	83 000	36 000
Total Tangible Assets	967 000	66 000	83 000	36 000
Total Fiancial Fixed Assets	58 000	46 000	357 000	121 000
Total Fixed Assets	1 566 000	227 000	441 000	157 000
Stock	0	0	40 000	40 000
Total Investments	0	0	0	0
Cash, Bank	57 000	99 000	18 000	24 000
Total Current Assets	1 279 000	1 096 000	257 000	288 000
Total Assets	2 845 000	1 323 000	698 000	445 000
Total Equity	−747 000	535 000	418 000	244 000
Short-Term Group Debt	1 323 000	0	0	0
Total Long-Term Debt	897 000	53 000	175 000	110 000
Creditors	789 000	366 000	−147 000	2 000
Unpaid Taxes	102 000	64 000	23 000	22 000
Dividends	0	0	0	0
Other Current Debt	182 000	151 000	162 000	49 000
Total Current Debt	2 695 000	735 000	105 000	91 000
Total Equity and Debt	2 845 000	1 323 000	698 000	445 000

Financial indicators	2022	2021	2020	2019
Return on Equity	171,75 %	21,87 %	41,63 %	23,77 %
Debt-to-Equity Ratio	−1,2	0,1	0,42	0,45
Operating Profit Margin	−12,99 %	0,9 %	2,69 %	2,38 %
Current Ratio	0,47	1,49	2,45	3,16
Quick Ratio	0,47	1,49	3,95	5,65
Equity Ratio	−0,26	0,4	0,6	0,55
Gross Profit Margin	82,96 %	93,47 %	93,23 %	96,16 %