TECH HUGS AS

7010 TRONDHEIM

Finances

Share Ownership

Return on Equity

−7,96 %

Current Ratio

1,63

Debt-to-Equity Ratio

1,66

Key figures (NOK)	2022	2021	2020	2019
Revenue	25 896 000	1 870 000	21 000	4 000
Net Income	−73 000	282 000	25 000	−111 000
Total Assets	5 897 000	2 198 000	103 000	42 000
Total Equity	917 000	264 000	76 000	19 000

Income (NOK)	2022	2021	2020	2019
Revenue	25 896 000	1 870 000	21 000	4 000
Expenditure	25 995 000	1 508 000	53 000	115 000
Operating Profit	−99 000	361 000	−32 000	−111 000
Financial Income	5 000	0	0	0
Financial Costs	0	0	0	0
Financial Balance	5 000	0	0	0
Earnings Before Tax	−94 000	361 000	−32 000	−111 000
Tax	−21 000	79 000	−57 000	0
Net Income	−73 000	282 000	25 000	−111 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	247 000	108 000	48 000	13 000
Total Current Assets	5 650 000	2 090 000	55 000	28 000
Total Assets	5 897 000	2 198 000	103 000	42 000
Total Retained Equity	−59 000	14 000	−174 000	−231 000
Total Equity	917 000	264 000	76 000	19 000
Total Long-Term Debt	1 522 000	1 027 000	22 000	22 000
Total Current Debt	3 458 000	907 000	5 000	1 000
Total Equity and Debt	5 897 000	2 198 000	103 000	42 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	22 660 000	1 903 000	0	4 000
Other Income	3 236 000	−33 000	21 000	0
Revenue	25 896 000	1 870 000	21 000	4 000
Cost of Goods Sold	15 655 000	441 000	0	0
Salary Costs	5 990 000	689 000	0	6 000
Depreciation	70 000	12 000	4 000	6 000
Impairment	0	0	0	0
Expenditure	25 995 000	1 508 000	53 000	115 000
Operating Profit	−99 000	361 000	−32 000	−111 000
Financial Income	5 000	0	0	0
Financial Costs	0	0	0	0
Financial Balance	5 000	0	0	0
Dividends	0	0	0	0
Net Income	−73 000	282 000	25 000	−111 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	15 000	0	48 000	0
Real Eastate	0	0	0	0
Machinery and Plant Facilities	0	0	0	0
Fixtures	232 000	108 000	0	8 000
Total Tangible Assets	232 000	108 000	0	8 000
Total Fiancial Fixed Assets	0	0	0	6 000
Total Fixed Assets	247 000	108 000	48 000	13 000
Stock	293 000	230 000	0	0
Total Investments	0	0	0	0
Cash, Bank	4 850 000	1 704 000	14 000	8 000
Total Current Assets	5 650 000	2 090 000	55 000	28 000
Total Assets	5 897 000	2 198 000	103 000	42 000
Total Equity	917 000	264 000	76 000	19 000
Short-Term Group Debt	0	178 000	0	0
Total Long-Term Debt	1 522 000	1 027 000	22 000	22 000
Creditors	1 078 000	173 000	5 000	13 000
Unpaid Taxes	664 000	256 000	0	5 000
Dividends	0	0	0	0
Other Current Debt	1 716 000	300 000	0	−17 000
Total Current Debt	3 458 000	907 000	5 000	1 000
Total Equity and Debt	5 897 000	2 198 000	103 000	42 000

Financial indicators	2022	2021	2020	2019
Return on Equity	−7,96 %	106,82 %	32,89 %	−584,21 %
Debt-to-Equity Ratio	1,66	3,89	0,29	1,16
Operating Profit Margin	−0,38 %	19,3 %	−152,38 %	−2 775 %
Current Ratio	1,63	2,3	11	28
Quick Ratio	1,79	3,09	11	28
Equity Ratio	0,16	0,12	0,74	0,45
Gross Profit Margin	39,55 %	76,42 %	100 %	100 %