TIME WATCHES AS

0667 OSLO

Finances

Share Ownership

Return on Equity

68,78 %

Current Ratio

1,32

Debt-to-Equity Ratio

Key figures (NOK)	2022	2021	2020
Revenue	54 936 000	24 416 000	1 569 000
Net Income	337 000	103 000	26 000
Total Assets	1 199 000	1 766 000	74 000
Total Equity	490 000	153 000	50 000

Income (NOK)	2022	2021	2020
Revenue	54 936 000	24 416 000	1 569 000
Expenditure	54 520 000	24 275 000	1 537 000
Operating Profit	417 000	142 000	32 000
Financial Income	100 000	0	0
Financial Costs	63 000	0	0
Financial Balance	37 000	0	0
Earnings Before Tax	453 000	142 000	31 000
Tax	116 000	40 000	6 000
Net Income	337 000	103 000	26 000

Balance (NOK)	2022	2021	2020
Total Fixed Assets	261 000	69 000	0
Total Current Assets	939 000	1 697 000	74 000
Total Assets	1 199 000	1 766 000	74 000
Total Retained Equity	465 000	128 000	26 000
Total Equity	490 000	153 000	50 000
Total Long-Term Debt	0	0	0
Total Current Debt	709 000	1 613 000	24 000
Total Equity and Debt	1 199 000	1 766 000	74 000

Cash flow (NOK)	2022	2021	2020
Sales Income	54 909 000	24 384 000	1 569 000
Other Income	27 000	33 000	0
Revenue	54 936 000	24 416 000	1 569 000
Cost of Goods Sold	52 439 000	23 575 000	1 516 000
Salary Costs	351 000	116 000	0
Depreciation	16 000	0	0
Impairment	0	0	0
Expenditure	54 520 000	24 275 000	1 537 000
Operating Profit	417 000	142 000	32 000
Financial Income	100 000	0	0
Financial Costs	63 000	0	0
Financial Balance	37 000	0	0
Dividends	0	0	0
Net Income	337 000	103 000	26 000

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	153 000	0	0
Total Tangible Assets	153 000	0	0
Total Fiancial Fixed Assets	107 000	69 000	0
Total Fixed Assets	261 000	69 000	0
Stock	411 000	805 000	0
Total Investments	0	0	0
Cash, Bank	157 000	839 000	44 000
Total Current Assets	939 000	1 697 000	74 000
Total Assets	1 199 000	1 766 000	74 000
Total Equity	490 000	153 000	50 000
Short-Term Group Debt	0	0	0
Total Long-Term Debt	0	0	0
Creditors	0	−50 000	3 000
Unpaid Taxes	180 000	141 000	10 000
Dividends	0	0	0
Other Current Debt	377 000	1 483 000	6 000
Total Current Debt	709 000	1 613 000	24 000
Total Equity and Debt	1 199 000	1 766 000	74 000

Financial indicators	2022	2021	2020
Return on Equity	68,78 %	67,32 %	52 %
Debt-to-Equity Ratio	0	0	0
Operating Profit Margin	0,76 %	0,58 %	2,04 %
Current Ratio	1,32	1,05	3,08
Quick Ratio	3,15	2,1	3,08
Equity Ratio	0,41	0,09	0,68
Gross Profit Margin	4,55 %	3,44 %	3,38 %