PIWOT AS

6003 ÅLESUND

Finances

Return on Equity

41,54 %

Current Ratio

3,63

Debt-to-Equity Ratio

Key figures (NOK)	2022	2021	2020
Revenue	2 593 000	2 090 000	801 000
Net Income	265 000	37 000	−38 000
Total Assets	869 000	724 000	460 000
Total Equity	638 000	373 000	−14 000

Income (NOK)	2022	2021	2020
Revenue	2 593 000	2 090 000	801 000
Expenditure	2 314 000	2 052 000	839 000
Operating Profit	279 000	37 000	−38 000
Financial Income	0	0	0
Financial Costs	1 000	0	0
Financial Balance	−1 000	0	0
Earnings Before Tax	278 000	37 000	−38 000
Tax	14 000	0	0
Net Income	265 000	37 000	−38 000

Balance (NOK)	2022	2021	2020
Total Fixed Assets	42 000	16 000	0
Total Current Assets	827 000	708 000	460 000
Total Assets	869 000	724 000	460 000
Total Retained Equity	264 000	−1 000	−38 000
Total Equity	638 000	373 000	−14 000
Total Long-Term Debt	3 000	0	400 000
Total Current Debt	228 000	351 000	74 000
Total Equity and Debt	869 000	724 000	460 000

Cash flow (NOK)	2022	2021	2020
Sales Income	2 593 000	2 040 000	801 000
Other Income	0	50 000	0
Revenue	2 593 000	2 090 000	801 000
Cost of Goods Sold	68 000	382 000	0
Salary Costs	1 771 000	1 084 000	410 000
Depreciation	4 000	3 000	0
Impairment	0	0	0
Expenditure	2 314 000	2 052 000	839 000
Operating Profit	279 000	37 000	−38 000
Financial Income	0	0	0
Financial Costs	1 000	0	0
Financial Balance	−1 000	0	0
Dividends	0	0	0
Net Income	265 000	37 000	−38 000

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	12 000	16 000	0
Total Tangible Assets	12 000	16 000	0
Total Fiancial Fixed Assets	30 000	0	0
Total Fixed Assets	42 000	16 000	0
Stock	0	0	0
Total Investments	0	0	0
Cash, Bank	584 000	534 000	352 000
Total Current Assets	827 000	708 000	460 000
Total Assets	869 000	724 000	460 000
Total Equity	638 000	373 000	−14 000
Short-Term Group Debt	0	0	0
Total Long-Term Debt	3 000	0	400 000
Creditors	26 000	−26 000	6 000
Unpaid Taxes	147 000	188 000	24 000
Dividends	0	0	0
Other Current Debt	281 000	188 000	44 000
Total Current Debt	228 000	351 000	74 000
Total Equity and Debt	869 000	724 000	460 000

Financial indicators	2022	2021	2020
Return on Equity	41,54 %	9,92 %	271,43 %
Debt-to-Equity Ratio	0	0	−28,57
Operating Profit Margin	10,76 %	1,77 %	−4,74 %
Current Ratio	3,63	2,02	6,22
Quick Ratio	3,63	2,02	6,22
Equity Ratio	0,73	0,52	−0,03
Gross Profit Margin	97,38 %	81,72 %	100 %