TURN AROUND AS

0783 OSLO

Finances

Return on Equity

209,63 %

Current Ratio

7,68

Debt-to-Equity Ratio

−19,51

Key figures (NOK)	2022	2021	2020	2019
Revenue	778 000	645 000	778 000	351 000
Net Income	−1 350 000	771 000	795 000	−383 000
Total Assets	12 035 000	4 810 000	5 266 000	3 735 000
Total Equity	−644 000	706 000	−65 000	−860 000

Income (NOK)	2022	2021	2020	2019
Revenue	778 000	645 000	778 000	351 000
Expenditure	278 000	204 000	101 000	178 000
Operating Profit	499 000	441 000	676 000	173 000
Financial Income	125 000	525 000	225 000	46 000
Financial Costs	1 860 000	0	48 000	602 000
Financial Balance	−1 735 000	525 000	177 000	−556 000
Earnings Before Tax	−1 236 000	966 000	853 000	−383 000
Tax	114 000	195 000	58 000	0
Net Income	−1 350 000	771 000	795 000	−383 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	11 152 000	2 839 000	2 715 000	2 698 000
Total Current Assets	883 000	1 971 000	2 551 000	1 037 000
Total Assets	12 035 000	4 810 000	5 266 000	3 735 000
Total Retained Equity	−744 000	606 000	−165 000	−960 000
Total Equity	−644 000	706 000	−65 000	−860 000
Total Long-Term Debt	12 563 000	3 907 000	5 223 000	4 565 000
Total Current Debt	115 000	197 000	107 000	30 000
Total Equity and Debt	12 035 000	4 810 000	5 266 000	3 735 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	778 000	645 000	778 000	351 000
Other Income	0	0	0	0
Revenue	778 000	645 000	778 000	351 000
Cost of Goods Sold	12 000	24 000	7 000	2 000
Salary Costs	1 000	−1 000	1 000	58 000
Depreciation	0	0	0	0
Impairment	0	0	0	0
Expenditure	278 000	204 000	101 000	178 000
Operating Profit	499 000	441 000	676 000	173 000
Financial Income	125 000	525 000	225 000	46 000
Financial Costs	1 860 000	0	48 000	602 000
Financial Balance	−1 735 000	525 000	177 000	−556 000
Dividends	0	0	0	0
Net Income	−1 350 000	771 000	795 000	−383 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	0	0	0	0
Real Eastate	0	0	0	0
Machinery and Plant Facilities	0	0	0	0
Fixtures	4 000	4 000	4 000	4 000
Total Tangible Assets	4 000	4 000	4 000	4 000
Total Fiancial Fixed Assets	11 147 000	2 835 000	2 710 000	2 694 000
Total Fixed Assets	11 152 000	2 839 000	2 715 000	2 698 000
Stock	0	0	0	0
Total Investments	669 000	1 480 000	1 939 000	563 000
Cash, Bank	214 000	440 000	365 000	345 000
Total Current Assets	883 000	1 971 000	2 551 000	1 037 000
Total Assets	12 035 000	4 810 000	5 266 000	3 735 000
Total Equity	−644 000	706 000	−65 000	−860 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	12 563 000	3 907 000	5 223 000	4 565 000
Creditors	2 000	2 000	0	0
Unpaid Taxes	0	0	50 000	27 000
Dividends	0	0	0	0
Other Current Debt	0	0	0	3 000
Total Current Debt	115 000	197 000	107 000	30 000
Total Equity and Debt	12 035 000	4 810 000	5 266 000	3 735 000

Financial indicators	2022	2021	2020	2019
Return on Equity	209,63 %	109,21 %	−1 223,08 %	44,53 %
Debt-to-Equity Ratio	−19,51	5,53	−80,35	−5,31
Operating Profit Margin	64,14 %	68,37 %	86,89 %	49,29 %
Current Ratio	7,68	10,01	23,84	34,57
Quick Ratio	7,68	10,01	23,84	34,57
Equity Ratio	−0,05	0,15	−0,01	−0,23
Gross Profit Margin	98,46 %	96,28 %	99,1 %	99,43 %