WAVES OF NORTH AS

8646 KORGEN

Finances

Share Ownership

Return on Equity

118,31 %

Current Ratio

1,86

Debt-to-Equity Ratio

−1,71

Key figures (NOK)	2022	2021	2020	2019
Revenue	0	0	304 000	0
Net Income	−853 000	−902 000	11 000	−2 000
Total Assets	961 000	712 000	476 000	28 000
Total Equity	−721 000	131 000	33 000	22 000

Income (NOK)	2022	2021	2020	2019
Revenue	0	0	304 000	0
Expenditure	785 000	904 000	291 000	2 000
Operating Profit	−784 000	−903 000	13 000	−2 000
Financial Income	1 000	0	0	0
Financial Costs	70 000	0	1 000	0
Financial Balance	−69 000	0	−1 000	0
Earnings Before Tax	−853 000	−903 000	12 000	−2 000
Tax	0	−1 000	1 000	0
Net Income	−853 000	−902 000	11 000	−2 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	127 000	170 000	214 000	0
Total Current Assets	834 000	542 000	262 000	28 000
Total Assets	961 000	712 000	476 000	28 000
Total Retained Equity	−1 751 000	−899 000	3 000	−2 000
Total Equity	−721 000	131 000	33 000	22 000
Total Long-Term Debt	1 234 000	134 000	185 000	0
Total Current Debt	449 000	447 000	258 000	6 000
Total Equity and Debt	961 000	712 000	476 000	28 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	0	0	204 000	0
Other Income	0	0	100 000	0
Revenue	0	0	304 000	0
Cost of Goods Sold	11 000	−3 000	55 000	0
Salary Costs	251 000	301 000	102 000	0
Depreciation	44 000	44 000	4 000	0
Impairment	0	0	0	0
Expenditure	785 000	904 000	291 000	2 000
Operating Profit	−784 000	−903 000	13 000	−2 000
Financial Income	1 000	0	0	0
Financial Costs	70 000	0	1 000	0
Financial Balance	−69 000	0	−1 000	0
Dividends	0	0	0	0
Net Income	−853 000	−902 000	11 000	−2 000

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	127 000	170 000	214 000	0
Fixtures	0	0	0	0
Total Tangible Assets	127 000	170 000	214 000	0
Total Fiancial Fixed Assets	0	0	0	0
Total Fixed Assets	127 000	170 000	214 000	0
Stock	50 000	60 000	57 000	0
Total Investments	0	0	0	0
Cash, Bank	611 000	420 000	205 000	28 000
Total Current Assets	834 000	542 000	262 000	28 000
Total Assets	961 000	712 000	476 000	28 000
Total Equity	−721 000	131 000	33 000	22 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	1 234 000	134 000	185 000	0
Creditors	193 000	194 000	26 000	0
Unpaid Taxes	21 000	19 000	4 000	0
Dividends	0	0	0	0
Other Current Debt	234 000	233 000	229 000	6 000
Total Current Debt	449 000	447 000	258 000	6 000
Total Equity and Debt	961 000	712 000	476 000	28 000

Financial indicators	2022	2021	2020	2019
Return on Equity	118,31 %	−688,55 %	33,33 %	−9,09 %
Debt-to-Equity Ratio	−1,71	1,02	5,61	0
Operating Profit Margin	-	-	4,28 %	-
Current Ratio	1,86	1,21	1,02	4,67
Quick Ratio	2,09	1,4	1,3	4,67
Equity Ratio	−0,75	0,18	0,07	0,79
Gross Profit Margin	-	-	81,91 %	-