ALTERED POWER AS

5009 BERGEN

Finances

Return on Equity

−108,45 %

Current Ratio

1,27

Debt-to-Equity Ratio

5,08

Key figures (NOK)	2022	2021	2020	2019
Revenue	913 000	538 000	1 178 000	935 000
Net Income	−603 000	−1 200 000	−470 000	47 000
Total Assets	3 744 000	4 514 000	5 716 000	2 603 000
Total Equity	556 000	1 159 000	2 289 000	633 000

Income (NOK)	2022	2021	2020	2019
Revenue	913 000	538 000	1 178 000	935 000
Expenditure	1 401 000	2 047 000	1 614 000	869 000
Operating Profit	−594 000	−1 236 000	−436 000	66 000
Financial Income	0	2 000	6 000	0
Financial Costs	9 000	6 000	40 000	20 000
Financial Balance	−9 000	−4 000	−34 000	−20 000
Earnings Before Tax	−603 000	−1 240 000	−470 000	47 000
Tax	0	−40 000	0	0
Net Income	−603 000	−1 200 000	−470 000	47 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	3 287 000	3 435 000	2 950 000	1 734 000
Total Current Assets	457 000	1 080 000	2 765 000	869 000
Total Assets	3 744 000	4 514 000	5 716 000	2 603 000
Total Retained Equity	−2 169 000	−1 566 000	−461 000	9 000
Total Equity	556 000	1 159 000	2 289 000	633 000
Total Long-Term Debt	2 827 000	2 400 000	2 400 000	0
Total Current Debt	360 000	955 000	1 027 000	1 970 000
Total Equity and Debt	3 744 000	4 514 000	5 716 000	2 603 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	913 000	538 000	1 178 000	934 000
Other Income	0	0	0	0
Revenue	913 000	538 000	1 178 000	935 000
Cost of Goods Sold	60 000	818 000	287 000	131 000
Salary Costs	558 000	779 000	407 000	309 000
Depreciation	375 000	87 000	43 000	26 000
Impairment	0	0	0	0
Expenditure	1 401 000	2 047 000	1 614 000	869 000
Operating Profit	−594 000	−1 236 000	−436 000	66 000
Financial Income	0	2 000	6 000	0
Financial Costs	9 000	6 000	40 000	20 000
Financial Balance	−9 000	−4 000	−34 000	−20 000
Dividends	0	0	0	0
Net Income	−603 000	−1 200 000	−470 000	47 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	2 880 000	3 136 000	2 701 000	1 734 000
Real Eastate	0	0	0	0
Machinery and Plant Facilities	0	0	0	0
Fixtures	147 000	198 000	249 000	0
Total Tangible Assets	147 000	198 000	249 000	0
Total Fiancial Fixed Assets	260 000	100 000	0	0
Total Fixed Assets	3 287 000	3 435 000	2 950 000	1 734 000
Stock	292 000	399 000	103 000	0
Total Investments	0	0	0	0
Cash, Bank	10 000	108 000	1 212 000	108 000
Total Current Assets	457 000	1 080 000	2 765 000	869 000
Total Assets	3 744 000	4 514 000	5 716 000	2 603 000
Total Equity	556 000	1 159 000	2 289 000	633 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	2 827 000	2 400 000	2 400 000	0
Creditors	40 000	65 000	230 000	310 000
Unpaid Taxes	36 000	143 000	78 000	110 000
Dividends	0	0	0	0
Other Current Debt	154 000	621 000	595 000	763 000
Total Current Debt	360 000	955 000	1 027 000	1 970 000
Total Equity and Debt	3 744 000	4 514 000	5 716 000	2 603 000

Financial indicators	2022	2021	2020	2019
Return on Equity	−108,45 %	−103,54 %	−20,53 %	7,42 %
Debt-to-Equity Ratio	5,08	2,07	1,05	0
Operating Profit Margin	−65,06 %	−229,74 %	−37,01 %	7,06 %
Current Ratio	1,27	1,13	2,69	0,44
Quick Ratio	6,72	1,94	2,99	0,44
Equity Ratio	0,15	0,26	0,4	0,24
Gross Profit Margin	93,43 %	−52,04 %	75,64 %	85,99 %