TECH WORKS AS

1363 HØVIK

Finances

Share Ownership

Return on Equity

16,49 %

Current Ratio

1,35

Debt-to-Equity Ratio

0,78

Key figures (NOK)	2022	2021	2020	2019
Revenue	1 002 000	1 166 000	990 000	1 035 000
Net Income	16 000	−138 000	−17 000	18 000
Total Assets	395 000	521 000	344 000	268 000
Total Equity	97 000	101 000	95 000	111 000

Income (NOK)	2022	2021	2020	2019
Revenue	1 002 000	1 166 000	990 000	1 035 000
Expenditure	974 000	1 336 000	1 011 000	1 012 000
Operating Profit	28 000	−170 000	−21 000	23 000
Financial Income	0	0	0	0
Financial Costs	6 000	8 000	0	0
Financial Balance	−6 000	−8 000	0	0
Earnings Before Tax	23 000	−178 000	−21 000	23 000
Tax	6 000	−41 000	−4 000	6 000
Net Income	16 000	−138 000	−17 000	18 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	96 000	128 000	0	0
Total Current Assets	299 000	393 000	344 000	268 000
Total Assets	395 000	521 000	344 000	268 000
Total Retained Equity	−77 000	−73 000	65 000	81 000
Total Equity	97 000	101 000	95 000	111 000
Total Long-Term Debt	76 000	142 000	0	0
Total Current Debt	222 000	278 000	250 000	157 000
Total Equity and Debt	395 000	521 000	344 000	268 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	1 002 000	1 166 000	990 000	1 035 000
Other Income	0	0	0	0
Revenue	1 002 000	1 166 000	990 000	1 035 000
Cost of Goods Sold	38 000	59 000	24 000	133 000
Salary Costs	746 000	1 066 000	927 000	802 000
Depreciation	32 000	32 000	0	0
Impairment	0	0	0	0
Expenditure	974 000	1 336 000	1 011 000	1 012 000
Operating Profit	28 000	−170 000	−21 000	23 000
Financial Income	0	0	0	0
Financial Costs	6 000	8 000	0	0
Financial Balance	−6 000	−8 000	0	0
Dividends	0	0	0	0
Net Income	16 000	−138 000	−17 000	18 000

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	96 000	128 000	0	0
Total Tangible Assets	96 000	128 000	0	0
Total Fiancial Fixed Assets	0	0	0	0
Total Fixed Assets	96 000	128 000	0	0
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	249 000	265 000	107 000	177 000
Total Current Assets	299 000	393 000	344 000	268 000
Total Assets	395 000	521 000	344 000	268 000
Total Equity	97 000	101 000	95 000	111 000
Short-Term Group Debt	141 000	115 000	0	0
Total Long-Term Debt	76 000	142 000	0	0
Creditors	1 000	2 000	3 000	0
Unpaid Taxes	15 000	66 000	82 000	78 000
Dividends	0	0	0	0
Other Current Debt	64 000	95 000	164 000	73 000
Total Current Debt	222 000	278 000	250 000	157 000
Total Equity and Debt	395 000	521 000	344 000	268 000

Financial indicators	2022	2021	2020	2019
Return on Equity	16,49 %	−136,63 %	−17,89 %	16,22 %
Debt-to-Equity Ratio	0,78	1,41	0	0
Operating Profit Margin	2,79 %	−14,58 %	−2,12 %	2,22 %
Current Ratio	1,35	1,41	1,38	1,71
Quick Ratio	1,35	1,41	1,38	1,71
Equity Ratio	0,25	0,19	0,28	0,41
Gross Profit Margin	96,21 %	94,94 %	97,58 %	87,15 %