NORDIC WIRELESS SOLUTIONS AS

4836 ARENDAL

Finances

Return on Equity

253,19 %

Current Ratio

3,59

Debt-to-Equity Ratio

−4,57

Key figures (NOK)	2022	2021	2020	2019
Revenue	6 596 000	7 157 000	16 304 000	3 042 000
Net Income	−7 145 000	−6 483 000	−1 206 000	−4 469 000
Total Assets	13 186 000	7 499 000	8 253 000	15 316 000
Total Equity	−2 822 000	1 264 000	5 020 000	11 143 000

Income (NOK)	2022	2021	2020	2019
Revenue	6 596 000	7 157 000	16 304 000	3 042 000
Expenditure	11 121 000	9 661 000	17 031 000	7 559 000
Operating Profit	−4 526 000	−2 504 000	−728 000	−4 519 000
Financial Income	84 000	69 000	206 000	84 000
Financial Costs	2 703 000	4 047 000	60 000	34 000
Financial Balance	−2 619 000	−3 978 000	146 000	50 000
Earnings Before Tax	−7 145 000	−6 483 000	−582 000	−4 469 000
Tax	0	0	623 000	0
Net Income	−7 145 000	−6 483 000	−1 206 000	−4 469 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	2 041 000	4 032 000	3 656 000	7 429 000
Total Current Assets	11 145 000	3 466 000	4 597 000	7 888 000
Total Assets	13 186 000	7 499 000	8 253 000	15 316 000
Total Retained Equity	−11 653 000	−4 508 000	0	0
Total Equity	−2 822 000	1 264 000	5 020 000	11 143 000
Total Long-Term Debt	12 906 000	3 799 000	594 000	339 000
Total Current Debt	3 102 000	2 436 000	2 639 000	3 833 000
Total Equity and Debt	13 186 000	7 499 000	8 253 000	15 316 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	6 591 000	7 150 000	5 884 000	3 041 000
Other Income	5 000	8 000	10 419 000	0
Revenue	6 596 000	7 157 000	16 304 000	3 042 000
Cost of Goods Sold	2 953 000	4 074 000	2 323 000	1 749 000
Salary Costs	4 326 000	3 244 000	9 604 000	2 587 000
Depreciation	70 000	69 000	500 000	55 000
Impairment	0	0	0	0
Expenditure	11 121 000	9 661 000	17 031 000	7 559 000
Operating Profit	−4 526 000	−2 504 000	−728 000	−4 519 000
Financial Income	84 000	69 000	206 000	84 000
Financial Costs	2 703 000	4 047 000	60 000	34 000
Financial Balance	−2 619 000	−3 978 000	146 000	50 000
Dividends	0	0	0	0
Net Income	−7 145 000	−6 483 000	−1 206 000	−4 469 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	0	0	1 460 000	0
Real Eastate	0	0	0	0
Machinery and Plant Facilities	0	0	170 000	0
Fixtures	71 000	100 000	93 000	157 000
Total Tangible Assets	71 000	100 000	263 000	157 000
Total Fiancial Fixed Assets	1 971 000	3 932 000	1 933 000	7 272 000
Total Fixed Assets	2 041 000	4 032 000	3 656 000	7 429 000
Stock	2 603 000	1 125 000	2 765 000	2 353 000
Total Investments	0	0	0	0
Cash, Bank	5 660 000	2 063 000	685 000	328 000
Total Current Assets	11 145 000	3 466 000	4 597 000	7 888 000
Total Assets	13 186 000	7 499 000	8 253 000	15 316 000
Total Equity	−2 822 000	1 264 000	5 020 000	11 143 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	12 906 000	3 799 000	594 000	339 000
Creditors	2 327 000	1 261 000	614 000	3 247 000
Unpaid Taxes	282 000	572 000	838 000	211 000
Dividends	0	0	0	0
Other Current Debt	493 000	604 000	1 187 000	375 000
Total Current Debt	3 102 000	2 436 000	2 639 000	3 833 000
Total Equity and Debt	13 186 000	7 499 000	8 253 000	15 316 000

Financial indicators	2022	2021	2020	2019
Return on Equity	253,19 %	−512,9 %	−24,02 %	−40,11 %
Debt-to-Equity Ratio	−4,57	3,01	0,12	0,03
Operating Profit Margin	−68,62 %	−34,99 %	−4,47 %	−148,55 %
Current Ratio	3,59	1,42	1,74	2,06
Quick Ratio	22,33	2,64	−36,48	5,33
Equity Ratio	−0,21	0,17	0,61	0,73
Gross Profit Margin	55,23 %	43,08 %	85,75 %	42,5 %