TECH NORDIC AS

7606 LEVANGER

Finances

Share Ownership

Return on Equity

12,7 %

Current Ratio

0,88

Debt-to-Equity Ratio

−0

Key figures (NOK)	2022	2021	2020
Revenue	981 000	0	266 000
Net Income	−8 000	−111 000	32 000
Total Assets	857 000	175 000	308 000
Total Equity	−63 000	−55 000	56 000

Income (NOK)	2022	2021	2020
Revenue	981 000	0	266 000
Expenditure	963 000	138 000	226 000
Operating Profit	18 000	−137 000	40 000
Financial Income	0	0	0
Financial Costs	29 000	4 000	1 000
Financial Balance	−29 000	−4 000	−1 000
Earnings Before Tax	−10 000	−142 000	39 000
Tax	−2 000	−31 000	7 000
Net Income	−8 000	−111 000	32 000

Balance (NOK)	2022	2021	2020
Total Fixed Assets	47 000	59 000	0
Total Current Assets	810 000	116 000	308 000
Total Assets	857 000	175 000	308 000
Total Retained Equity	−87 000	−79 000	32 000
Total Equity	−63 000	−55 000	56 000
Total Long-Term Debt	0	0	0
Total Current Debt	919 000	229 000	252 000
Total Equity and Debt	857 000	175 000	308 000

Cash flow (NOK)	2022	2021	2020
Sales Income	981 000	0	266 000
Other Income	0	0	0
Revenue	981 000	0	266 000
Cost of Goods Sold	130 000	0	131 000
Salary Costs	483 000	0	1 000
Depreciation	14 000	14 000	0
Impairment	0	0	0
Expenditure	963 000	138 000	226 000
Operating Profit	18 000	−137 000	40 000
Financial Income	0	0	0
Financial Costs	29 000	4 000	1 000
Financial Balance	−29 000	−4 000	−1 000
Dividends	0	0	0
Net Income	−8 000	−111 000	32 000

Balance details (NOK)	2022	2021	2020
Goodwill	0	0	0
Total Intangible Assets	33 000	31 000	0
Real Eastate	0	0	0
Machinery and Plant Facilities	0	0	0
Fixtures	14 000	27 000	0
Total Tangible Assets	14 000	27 000	0
Total Fiancial Fixed Assets	0	0	0
Total Fixed Assets	47 000	59 000	0
Stock	95 000	71 000	0
Total Investments	0	0	0
Cash, Bank	642 000	45 000	308 000
Total Current Assets	810 000	116 000	308 000
Total Assets	857 000	175 000	308 000
Total Equity	−63 000	−55 000	56 000
Short-Term Group Debt	0	0	0
Total Long-Term Debt	0	0	0
Creditors	36 000	24 000	25 000
Unpaid Taxes	58 000	−8 000	18 000
Dividends	0	0	0
Other Current Debt	825 000	213 000	201 000
Total Current Debt	919 000	229 000	252 000
Total Equity and Debt	857 000	175 000	308 000

Financial indicators	2022	2021	2020
Return on Equity	12,7 %	201,82 %	57,14 %
Debt-to-Equity Ratio	−0	−0	0
Operating Profit Margin	1,83 %	-	15,04 %
Current Ratio	0,88	0,51	1,22
Quick Ratio	0,98	0,73	1,22
Equity Ratio	−0,07	−0,31	0,18
Gross Profit Margin	86,75 %	-	50,75 %