SPEAR POWER SYSTEMS AS

5232 PARADIS

Finances

Share Ownership

Return on Equity

−15,81 %

Current Ratio

1,14

Debt-to-Equity Ratio

Key figures (NOK)	2022	2021	2020
Revenue	6 600 000	6 600 000	7 875 000
Net Income	−34 000	154 000	65 000
Total Assets	1 470 000	884 000	879 000
Total Equity	215 000	249 000	95 000

Income (NOK)	2022	2021	2020
Revenue	6 600 000	6 600 000	7 875 000
Expenditure	6 602 000	6 349 000	7 347 000
Operating Profit	−2 000	251 000	527 000
Financial Income	0	4 000	6 000
Financial Costs	15 000	47 000	450 000
Financial Balance	−15 000	−43 000	−444 000
Earnings Before Tax	−17 000	208 000	83 000
Tax	17 000	54 000	18 000
Net Income	−34 000	154 000	65 000

Balance (NOK)	2022	2021	2020
Total Fixed Assets	40 000	156 000	157 000
Total Current Assets	1 430 000	728 000	722 000
Total Assets	1 470 000	884 000	879 000
Total Retained Equity	185 000	219 000	65 000
Total Equity	215 000	249 000	95 000
Total Long-Term Debt	0	0	3 000
Total Current Debt	1 256 000	635 000	781 000
Total Equity and Debt	1 470 000	884 000	879 000

Cash flow (NOK)	2022	2021	2020
Sales Income	6 600 000	6 600 000	7 875 000
Other Income	0	0	0
Revenue	6 600 000	6 600 000	7 875 000
Cost of Goods Sold	63 000	23 000	0
Salary Costs	3 442 000	3 506 000	4 554 000
Depreciation	124 000	94 000	47 000
Impairment	0	0	0
Expenditure	6 602 000	6 349 000	7 347 000
Operating Profit	−2 000	251 000	527 000
Financial Income	0	4 000	6 000
Financial Costs	15 000	47 000	450 000
Financial Balance	−15 000	−43 000	−444 000
Dividends	0	0	0
Net Income	−34 000	154 000	65 000

Balance details (NOK)	2022	2021	2020
Goodwill	0	0	0
Total Intangible Assets	0	0	0
Real Eastate	0	0	0
Machinery and Plant Facilities	0	0	0
Fixtures	40 000	156 000	157 000
Total Tangible Assets	40 000	156 000	157 000
Total Fiancial Fixed Assets	0	0	0
Total Fixed Assets	40 000	156 000	157 000
Stock	0	0	0
Total Investments	0	0	0
Cash, Bank	826 000	575 000	583 000
Total Current Assets	1 430 000	728 000	722 000
Total Assets	1 470 000	884 000	879 000
Total Equity	215 000	249 000	95 000
Short-Term Group Debt	0	0	0
Total Long-Term Debt	0	0	3 000
Creditors	216 000	35 000	7 000
Unpaid Taxes	328 000	348 000	313 000
Dividends	0	0	0
Other Current Debt	694 000	195 000	447 000
Total Current Debt	1 256 000	635 000	781 000
Total Equity and Debt	1 470 000	884 000	879 000

Financial indicators	2022	2021	2020
Return on Equity	−15,81 %	61,85 %	68,42 %
Debt-to-Equity Ratio	0	0	0,03
Operating Profit Margin	−0,03 %	3,8 %	6,69 %
Current Ratio	1,14	1,15	0,92
Quick Ratio	1,14	1,15	0,92
Equity Ratio	0,15	0,28	0,11
Gross Profit Margin	99,05 %	99,65 %	100 %