INDUSTRIAL WATER SOLUTIONS AS

4056 TANANGER

Finances

Share Ownership

Return on Equity

126,61 %

Current Ratio

1,28

Debt-to-Equity Ratio

Key figures (NOK)	2022	2021	2020	2019
Revenue	87 654 000	43 247 000	21 221 000	11 381 000
Net Income	15 344 000	17 153 000	4 149 000	−1 215 000
Total Assets	54 264 000	30 944 000	10 133 000	4 210 000
Total Equity	12 119 000	21 775 000	4 622 000	473 000

Income (NOK)	2022	2021	2020	2019
Revenue	87 654 000	43 247 000	21 221 000	11 381 000
Expenditure	66 797 000	30 037 000	16 617 000	12 564 000
Operating Profit	20 857 000	13 211 000	4 603 000	−1 183 000
Financial Income	0	0	0	0
Financial Costs	25 000	−217 000	454 000	31 000
Financial Balance	−25 000	217 000	−454 000	−31 000
Earnings Before Tax	20 832 000	13 428 000	4 149 000	−1 215 000
Tax	5 488 000	−3 725 000	0	0
Net Income	15 344 000	17 153 000	4 149 000	−1 215 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	431 000	4 289 000	502 000	0
Total Current Assets	53 833 000	26 655 000	9 631 000	4 210 000
Total Assets	54 264 000	30 944 000	10 133 000	4 210 000
Total Retained Equity	0	3 966 000	−13 186 000	−17 336 000
Total Equity	12 119 000	21 775 000	4 622 000	473 000
Total Long-Term Debt	0	0	0	0
Total Current Debt	42 145 000	9 169 000	5 511 000	3 738 000
Total Equity and Debt	54 264 000	30 944 000	10 133 000	4 210 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	87 654 000	42 609 000	21 049 000	11 381 000
Other Income	0	638 000	172 000	0
Revenue	87 654 000	43 247 000	21 221 000	11 381 000
Cost of Goods Sold	56 958 000	23 273 000	10 904 000	7 323 000
Salary Costs	3 099 000	3 299 000	2 315 000	1 965 000
Depreciation	191 000	149 000	26 000	0
Impairment	0	0	0	0
Expenditure	66 797 000	30 037 000	16 617 000	12 564 000
Operating Profit	20 857 000	13 211 000	4 603 000	−1 183 000
Financial Income	0	0	0	0
Financial Costs	25 000	−217 000	454 000	31 000
Financial Balance	−25 000	217 000	−454 000	−31 000
Dividends	25 000 000	0	0	0
Net Income	15 344 000	17 153 000	4 149 000	−1 215 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	0	3 725 000	0	0
Real Eastate	0	0	0	0
Machinery and Plant Facilities	0	0	0	0
Fixtures	431 000	564 000	502 000	0
Total Tangible Assets	431 000	564 000	502 000	0
Total Fiancial Fixed Assets	0	0	0	0
Total Fixed Assets	431 000	4 289 000	502 000	0
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	135 000	232 000	243 000	2 249 000
Total Current Assets	53 833 000	26 655 000	9 631 000	4 210 000
Total Assets	54 264 000	30 944 000	10 133 000	4 210 000
Total Equity	12 119 000	21 775 000	4 622 000	473 000
Short-Term Group Debt	2 418 000	5 000	0	0
Total Long-Term Debt	0	0	0	0
Creditors	2 280 000	1 378 000	70 000	926 000
Unpaid Taxes	4 372 000	2 761 000	1 657 000	391 000
Dividends	25 000 000	0	0	0
Other Current Debt	6 327 000	5 026 000	3 784 000	2 421 000
Total Current Debt	42 145 000	9 169 000	5 511 000	3 738 000
Total Equity and Debt	54 264 000	30 944 000	10 133 000	4 210 000

Financial indicators	2022	2021	2020	2019
Return on Equity	126,61 %	78,77 %	89,77 %	−256,87 %
Debt-to-Equity Ratio	0	0	0	0
Operating Profit Margin	23,79 %	30,55 %	21,69 %	−10,39 %
Current Ratio	1,28	2,91	1,75	1,13
Quick Ratio	1,28	2,91	1,75	1,13
Equity Ratio	0,22	0,7	0,46	0,11
Gross Profit Margin	35,02 %	46,19 %	48,62 %	35,66 %