TIOTECH AS

5224 NESTTUN

Finances

Share Ownership

Return on Equity

−19,87 %

Current Ratio

3,42

Debt-to-Equity Ratio

Key figures (NOK)	2022	2021	2020	2019
Revenue	5 321 000	240 000	236 000	12 000
Net Income	−2 887 000	−6 720 000	−4 520 000	−5 437 000
Total Assets	17 467 000	19 540 000	3 755 000	4 419 000
Total Equity	14 531 000	17 298 000	2 691 000	3 206 000

Income (NOK)	2022	2021	2020	2019
Revenue	5 321 000	240 000	236 000	12 000
Expenditure	8 215 000	6 952 000	5 052 000	5 382 000
Operating Profit	−2 895 000	−6 713 000	−4 528 000	−5 744 000
Financial Income	8 000	6 000	11 000	307 000
Financial Costs	0	13 000	3 000	1 000
Financial Balance	8 000	−7 000	8 000	306 000
Earnings Before Tax	−2 887 000	−6 720 000	−4 520 000	−5 437 000
Tax	0	0	0	0
Net Income	−2 887 000	−6 720 000	−4 520 000	−5 437 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	7 423 000	439 000	379 000	98 000
Total Current Assets	10 044 000	19 101 000	3 376 000	4 321 000
Total Assets	17 467 000	19 540 000	3 755 000	4 419 000
Total Retained Equity	0	0	−1 145 000	−230 000
Total Equity	14 531 000	17 298 000	2 691 000	3 206 000
Total Long-Term Debt	0	0	0	0
Total Current Debt	2 936 000	2 242 000	1 063 000	1 213 000
Total Equity and Debt	17 467 000	19 540 000	3 755 000	4 419 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	50 000	36 000	161 000	12 000
Other Income	5 270 000	204 000	75 000	0
Revenue	5 321 000	240 000	236 000	12 000
Cost of Goods Sold	246 000	7 000	−45 000	170 000
Salary Costs	2 661 000	3 265 000	3 177 000	3 210 000
Depreciation	368 000	109 000	75 000	62 000
Impairment	0	0	0	0
Expenditure	8 215 000	6 952 000	5 052 000	5 382 000
Operating Profit	−2 895 000	−6 713 000	−4 528 000	−5 744 000
Financial Income	8 000	6 000	11 000	307 000
Financial Costs	0	13 000	3 000	1 000
Financial Balance	8 000	−7 000	8 000	306 000
Dividends	0	0	0	0
Net Income	−2 887 000	−6 720 000	−4 520 000	−5 437 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	5 064 000	0	0	0
Real Eastate	0	0	0	0
Machinery and Plant Facilities	0	0	0	0
Fixtures	2 359 000	439 000	379 000	98 000
Total Tangible Assets	2 359 000	439 000	379 000	98 000
Total Fiancial Fixed Assets	0	0	0	0
Total Fixed Assets	7 423 000	439 000	379 000	98 000
Stock	846 000	882 000	882 000	521 000
Total Investments	0	0	0	0
Cash, Bank	5 884 000	15 361 000	1 210 000	2 935 000
Total Current Assets	10 044 000	19 101 000	3 376 000	4 321 000
Total Assets	17 467 000	19 540 000	3 755 000	4 419 000
Total Equity	14 531 000	17 298 000	2 691 000	3 206 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	0	0	0	0
Creditors	1 340 000	1 301 000	320 000	601 000
Unpaid Taxes	634 000	448 000	347 000	229 000
Dividends	0	0	0	0
Other Current Debt	961 000	493 000	397 000	384 000
Total Current Debt	2 936 000	2 242 000	1 063 000	1 213 000
Total Equity and Debt	17 467 000	19 540 000	3 755 000	4 419 000

Financial indicators	2022	2021	2020	2019
Return on Equity	−19,87 %	−38,85 %	−167,97 %	−169,59 %
Debt-to-Equity Ratio	0	0	0	0
Operating Profit Margin	−54,41 %	−2 797,08 %	−1 918,64 %	−47 866,67 %
Current Ratio	3,42	8,52	3,18	3,56
Quick Ratio	4,81	14,04	18,65	6,24
Equity Ratio	0,83	0,89	0,72	0,73
Gross Profit Margin	95,38 %	97,08 %	119,07 %	−1 316,67 %