TVETENEÅSEN UTVIKLING AS

3922 PORSGRUNN

Finances

Share Ownership

Return on Equity

105,47 %

Current Ratio

0,48

Debt-to-Equity Ratio

−0

Key figures (NOK)	2022	2021	2020
Revenue	24 112 000	50 000	0
Net Income	−906 000	−5 000	−42 000
Total Assets	803 000	16 105 000	3 775 000
Total Equity	−859 000	47 000	53 000

Income (NOK)	2022	2021	2020
Revenue	24 112 000	50 000	0
Expenditure	24 173 000	57 000	18 000
Operating Profit	−61 000	−7 000	−18 000
Financial Income	0	0	0
Financial Costs	832 000	0	36 000
Financial Balance	−832 000	0	−36 000
Earnings Before Tax	−893 000	−7 000	−53 000
Tax	13 000	−1 000	−12 000
Net Income	−906 000	−5 000	−42 000

Balance (NOK)	2022	2021	2020
Total Fixed Assets	0	2 767 000	2 765 000
Total Current Assets	803 000	13 338 000	1 010 000
Total Assets	803 000	16 105 000	3 775 000
Total Retained Equity	−953 000	−47 000	−42 000
Total Equity	−859 000	47 000	53 000
Total Long-Term Debt	0	14 338 000	3 700 000
Total Current Debt	1 662 000	1 719 000	23 000
Total Equity and Debt	803 000	16 105 000	3 775 000

Cash flow (NOK)	2022	2021	2020
Sales Income	24 112 000	0	0
Other Income	0	50 000	0
Revenue	24 112 000	50 000	0
Cost of Goods Sold	23 827 000	0	0
Salary Costs	0	0	0
Depreciation	0	0	0
Impairment	0	0	0
Expenditure	24 173 000	57 000	18 000
Operating Profit	−61 000	−7 000	−18 000
Financial Income	0	0	0
Financial Costs	832 000	0	36 000
Financial Balance	−832 000	0	−36 000
Dividends	0	0	0
Net Income	−906 000	−5 000	−42 000

Balance details (NOK)	2022	2021	2020
Goodwill	0	0	0
Total Intangible Assets	0	13 000	12 000
Real Eastate	0	2 754 000	2 754 000
Machinery and Plant Facilities	0	0	0
Fixtures	0	0	0
Total Tangible Assets	0	2 754 000	2 754 000
Total Fiancial Fixed Assets	0	0	0
Total Fixed Assets	0	2 767 000	2 765 000
Stock	0	12 927 000	422 000
Total Investments	0	0	0
Cash, Bank	27 000	36 000	588 000
Total Current Assets	803 000	13 338 000	1 010 000
Total Assets	803 000	16 105 000	3 775 000
Total Equity	−859 000	47 000	53 000
Short-Term Group Debt	0	1 717 000	0
Total Long-Term Debt	0	14 338 000	3 700 000
Creditors	0	2 000	18 000
Unpaid Taxes	0	0	0
Dividends	0	0	0
Other Current Debt	1 662 000	0	4 000
Total Current Debt	1 662 000	1 719 000	23 000
Total Equity and Debt	803 000	16 105 000	3 775 000

Financial indicators	2022	2021	2020
Return on Equity	105,47 %	−10,64 %	−79,25 %
Debt-to-Equity Ratio	−0	305,06	69,81
Operating Profit Margin	−0,25 %	−14 %	-
Current Ratio	0,48	7,76	43,91
Quick Ratio	0,48	−1,19	−2,53
Equity Ratio	−1,07	0	0,01
Gross Profit Margin	1,18 %	100 %	-