TECNORACE AS

1357 BEKKESTUA

Finances

Share Ownership

Return on Equity

51,65 %

Current Ratio

0,04

Debt-to-Equity Ratio

−0,16

Key figures (NOK)	2022	2021	2020	2019
Revenue	498 000	1 136 000	25 000	0
Net Income	−800 000	−199 000	−364 000	−192 000
Total Assets	1 075 000	2 059 000	2 121 000	204 000
Total Equity	−1 549 000	−755 000	−556 000	−192 000

Income (NOK)	2022	2021	2020	2019
Revenue	498 000	1 136 000	25 000	0
Expenditure	1 297 000	1 335 000	389 000	192 000
Operating Profit	−800 000	−199 000	−364 000	−192 000
Financial Income	2 000	1 000	0	0
Financial Costs	2 000	0	0	0
Financial Balance	0	1 000	0	0
Earnings Before Tax	−800 000	−199 000	−364 000	−192 000
Tax	0	0	0	0
Net Income	−800 000	−199 000	−364 000	−192 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	972 000	1 354 000	1 620 000	186 000
Total Current Assets	104 000	705 000	500 000	19 000
Total Assets	1 075 000	2 059 000	2 121 000	204 000
Total Retained Equity	−1 573 000	−779 000	−581 000	−217 000
Total Equity	−1 549 000	−755 000	−556 000	−192 000
Total Long-Term Debt	254 000	0	0	0
Total Current Debt	2 370 000	2 814 000	2 677 000	397 000
Total Equity and Debt	1 075 000	2 059 000	2 121 000	204 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	498 000	1 136 000	25 000	0
Other Income	0	0	0	0
Revenue	498 000	1 136 000	25 000	0
Cost of Goods Sold	134 000	300 000	0	77 000
Salary Costs	0	0	0	0
Depreciation	634 000	556 000	386 000	31 000
Impairment	0	0	0	0
Expenditure	1 297 000	1 335 000	389 000	192 000
Operating Profit	−800 000	−199 000	−364 000	−192 000
Financial Income	2 000	1 000	0	0
Financial Costs	2 000	0	0	0
Financial Balance	0	1 000	0	0
Dividends	0	0	0	0
Net Income	−800 000	−199 000	−364 000	−192 000

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	972 000	1 354 000	1 620 000	186 000
Fixtures	0	0	0	0
Total Tangible Assets	972 000	1 354 000	1 620 000	186 000
Total Fiancial Fixed Assets	0	0	0	0
Total Fixed Assets	972 000	1 354 000	1 620 000	186 000
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	67 000	430 000	30 000	19 000
Total Current Assets	104 000	705 000	500 000	19 000
Total Assets	1 075 000	2 059 000	2 121 000	204 000
Total Equity	−1 549 000	−755 000	−556 000	−192 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	254 000	0	0	0
Creditors	21 000	111 000	1 000	0
Unpaid Taxes	0	34 000	0	0
Dividends	0	0	0	0
Other Current Debt	2 349 000	2 669 000	2 676 000	397 000
Total Current Debt	2 370 000	2 814 000	2 677 000	397 000
Total Equity and Debt	1 075 000	2 059 000	2 121 000	204 000

Financial indicators	2022	2021	2020	2019
Return on Equity	51,65 %	26,36 %	65,47 %	100 %
Debt-to-Equity Ratio	−0,16	−0	−0	−0
Operating Profit Margin	−160,64 %	−17,52 %	−1 456 %	-
Current Ratio	0,04	0,25	0,19	0,05
Quick Ratio	0,04	0,25	0,19	0,05
Equity Ratio	−1,44	−0,37	−0,26	−0,94
Gross Profit Margin	73,09 %	73,59 %	100 %	-