NORDEN - WATER AS

3115 TØNSBERG

Finances

Share Ownership

Return on Equity

15,48 %

Current Ratio

0,09

Debt-to-Equity Ratio

−0,8

Key figures (NOK)	2022	2021	2020
Revenue	804 000	1 551 000	918 000
Net Income	−98 000	−238 000	−327 000
Total Assets	532 000	719 000	172 000
Total Equity	−633 000	−535 000	−297 000

Income (NOK)	2022	2021	2020
Revenue	804 000	1 551 000	918 000
Expenditure	902 000	1 763 000	1 197 000
Operating Profit	−98 000	−212 000	−278 000
Financial Income	0	2 000	0
Financial Costs	0	28 000	48 000
Financial Balance	0	−26 000	−48 000
Earnings Before Tax	−98 000	−238 000	−327 000
Tax	0	0	0
Net Income	−98 000	−238 000	−327 000

Balance (NOK)	2022	2021	2020
Total Fixed Assets	473 000	594 000	0
Total Current Assets	59 000	125 000	172 000
Total Assets	532 000	719 000	172 000
Total Retained Equity	−663 000	−565 000	−327 000
Total Equity	−633 000	−535 000	−297 000
Total Long-Term Debt	507 000	577 000	235 000
Total Current Debt	658 000	678 000	234 000
Total Equity and Debt	532 000	719 000	172 000

Cash flow (NOK)	2022	2021	2020
Sales Income	506 000	1 551 000	918 000
Other Income	298 000	0	0
Revenue	804 000	1 551 000	918 000
Cost of Goods Sold	498 000	1 331 000	847 000
Salary Costs	−33 000	56 000	236 000
Depreciation	77 000	64 000	0
Impairment	0	0	0
Expenditure	902 000	1 763 000	1 197 000
Operating Profit	−98 000	−212 000	−278 000
Financial Income	0	2 000	0
Financial Costs	0	28 000	48 000
Financial Balance	0	−26 000	−48 000
Dividends	0	0	0
Net Income	−98 000	−238 000	−327 000

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	244 000	321 000	0
Total Tangible Assets	244 000	321 000	0
Total Fiancial Fixed Assets	229 000	273 000	0
Total Fixed Assets	473 000	594 000	0
Stock	0	0	120 000
Total Investments	0	0	0
Cash, Bank	0	125 000	0
Total Current Assets	59 000	125 000	172 000
Total Assets	532 000	719 000	172 000
Total Equity	−633 000	−535 000	−297 000
Short-Term Group Debt	0	0	0
Total Long-Term Debt	507 000	577 000	235 000
Creditors	559 000	341 000	110 000
Unpaid Taxes	0	68 000	100 000
Dividends	0	0	0
Other Current Debt	99 000	269 000	23 000
Total Current Debt	658 000	678 000	234 000
Total Equity and Debt	532 000	719 000	172 000

Financial indicators	2022	2021	2020
Return on Equity	15,48 %	44,49 %	110,1 %
Debt-to-Equity Ratio	−0,8	−1,08	−0,79
Operating Profit Margin	−12,19 %	−13,67 %	−30,28 %
Current Ratio	0,09	0,18	0,74
Quick Ratio	0,09	0,18	1,51
Equity Ratio	−1,19	−0,74	−1,73
Gross Profit Margin	38,06 %	14,18 %	7,73 %