WORLDPOWER AS

3263 LARVIK

Finances

Return on Equity

−241,32 %

Current Ratio

0,86

Debt-to-Equity Ratio

Key figures (NOK)	2022	2021	2020
Revenue	33 000	826 000	55 000
Net Income	−3 405 000	−6 667 000	−3 322 000
Total Assets	4 023 000	5 276 000	2 846 000
Total Equity	1 411 000	2 147 000	731 000

Income (NOK)	2022	2021	2020
Revenue	33 000	826 000	55 000
Expenditure	3 247 000	7 490 000	3 377 000
Operating Profit	−3 214 000	−6 665 000	−3 322 000
Financial Income	12 000	2 000	0
Financial Costs	203 000	3 000	0
Financial Balance	−191 000	−1 000	0
Earnings Before Tax	−3 405 000	−6 667 000	−3 322 000
Tax	0	0	0
Net Income	−3 405 000	−6 667 000	−3 322 000

Balance (NOK)	2022	2021	2020
Total Fixed Assets	1 770 000	208 000	160 000
Total Current Assets	2 253 000	5 068 000	2 686 000
Total Assets	4 023 000	5 276 000	2 846 000
Total Retained Equity	−10 721 000	−9 984 000	−3 318 000
Total Equity	1 411 000	2 147 000	731 000
Total Long-Term Debt	0	0	0
Total Current Debt	2 613 000	3 129 000	2 115 000
Total Equity and Debt	4 023 000	5 276 000	2 846 000

Cash flow (NOK)	2022	2021	2020
Sales Income	33 000	126 000	55 000
Other Income	0	700 000	0
Revenue	33 000	826 000	55 000
Cost of Goods Sold	3 000	35 000	0
Salary Costs	587 000	1 306 000	388 000
Depreciation	0	0	0
Impairment	0	0	0
Expenditure	3 247 000	7 490 000	3 377 000
Operating Profit	−3 214 000	−6 665 000	−3 322 000
Financial Income	12 000	2 000	0
Financial Costs	203 000	3 000	0
Financial Balance	−191 000	−1 000	0
Dividends	0	0	0
Net Income	−3 405 000	−6 667 000	−3 322 000

Balance details (NOK)	2022	2021	2020
Goodwill	0	0	0
Total Intangible Assets	1 700 000	88 000	68 000
Real Eastate	0	0	0
Machinery and Plant Facilities	0	0	0
Fixtures	0	0	0
Total Tangible Assets	0	0	0
Total Fiancial Fixed Assets	69 000	119 000	92 000
Total Fixed Assets	1 770 000	208 000	160 000
Stock	0	0	0
Total Investments	0	0	0
Cash, Bank	68 000	86 000	370 000
Total Current Assets	2 253 000	5 068 000	2 686 000
Total Assets	4 023 000	5 276 000	2 846 000
Total Equity	1 411 000	2 147 000	731 000
Short-Term Group Debt	19 000	31 000	40 000
Total Long-Term Debt	0	0	0
Creditors	853 000	1 398 000	275 000
Unpaid Taxes	34 000	61 000	123 000
Dividends	0	0	0
Other Current Debt	1 707 000	1 639 000	1 676 000
Total Current Debt	2 613 000	3 129 000	2 115 000
Total Equity and Debt	4 023 000	5 276 000	2 846 000

Financial indicators	2022	2021	2020
Return on Equity	−241,32 %	−310,53 %	−454,45 %
Debt-to-Equity Ratio	0	0	0
Operating Profit Margin	−9 739,39 %	−806,9 %	−6 040 %
Current Ratio	0,86	1,62	1,27
Quick Ratio	0,86	1,62	1,27
Equity Ratio	0,35	0,41	0,26
Gross Profit Margin	90,91 %	95,76 %	100 %