OWEC TOWER AS

0191 OSLO

Finances

Share Ownership

Return on Equity

0,53 %

Current Ratio

Debt-to-Equity Ratio

−0

Key figures (NOK)	2021	2020	2019	2018
Revenue	0	0	0	1 809 000
Net Income	−307 000	−3 384 000	−8 518 000	−8 700 000
Total Assets	51 000	30 000	858 000	914 000
Total Equity	−57 706 000	−57 399 000	−54 015 000	−45 497 000

Income (NOK)	2021	2020	2019	2018
Revenue	0	0	0	1 809 000
Expenditure	826 000	2 495 000	6 148 000	8 872 000
Operating Profit	−826 000	−2 495 000	−6 148 000	−7 062 000
Financial Income	3 375 000	0	6 000	66 000
Financial Costs	2 856 000	889 000	2 375 000	1 704 000
Financial Balance	519 000	−889 000	−2 369 000	−1 638 000
Earnings Before Tax	−307 000	−3 384 000	−8 518 000	−8 700 000
Tax	0	0	0	0
Net Income	−307 000	−3 384 000	−8 518 000	−8 700 000

Balance (NOK)	2021	2020	2019	2018
Total Fixed Assets	0	0	17 000	89 000
Total Current Assets	51 000	30 000	841 000	825 000
Total Assets	51 000	30 000	858 000	914 000
Total Retained Equity	−105 042 000	−104 735 000	−101 351 000	−92 834 000
Total Equity	−57 706 000	−57 399 000	−54 015 000	−45 497 000
Total Long-Term Debt	0	0	0	0
Total Current Debt	57 757 000	57 429 000	54 873 000	46 412 000
Total Equity and Debt	51 000	30 000	858 000	914 000

Cash flow (NOK)	2021	2020	2019	2018
Sales Income	0	0	0	1 809 000
Other Income	0	0	0	0
Revenue	0	0	0	1 809 000
Cost of Goods Sold	0	0	0	1 191 000
Salary Costs	532 000	1 470 000	5 009 000	6 052 000
Depreciation	0	17 000	35 000	39 000
Impairment	0	0	0	0
Expenditure	826 000	2 495 000	6 148 000	8 872 000
Operating Profit	−826 000	−2 495 000	−6 148 000	−7 062 000
Financial Income	3 375 000	0	6 000	66 000
Financial Costs	2 856 000	889 000	2 375 000	1 704 000
Financial Balance	519 000	−889 000	−2 369 000	−1 638 000
Dividends	0	0	0	0
Net Income	−307 000	−3 384 000	−8 518 000	−8 700 000

Balance details (NOK)	2021	2020	2019	2018
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	0	0	17 000	89 000
Total Tangible Assets	0	0	17 000	89 000
Total Fiancial Fixed Assets	0	0	0	0
Total Fixed Assets	0	0	17 000	89 000
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	48 000	26 000	829 000	560 000
Total Current Assets	51 000	30 000	841 000	825 000
Total Assets	51 000	30 000	858 000	914 000
Total Equity	−57 706 000	−57 399 000	−54 015 000	−45 497 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	0	0	0	0
Creditors	539 000	539 000	0	545 000
Unpaid Taxes	0	13 000	655 000	301 000
Dividends	0	0	0	0
Other Current Debt	35 218 000	34 877 000	32 218 000	23 565 000
Total Current Debt	57 757 000	57 429 000	54 873 000	46 412 000
Total Equity and Debt	51 000	30 000	858 000	914 000

Financial indicators	2021	2020	2019	2018
Return on Equity	0,53 %	5,9 %	15,77 %	19,12 %
Debt-to-Equity Ratio	−0	−0	−0	−0
Operating Profit Margin	-	-	-	−390,38 %
Current Ratio	0	0	0,02	0,02
Quick Ratio	0	0	0,02	0,02
Equity Ratio	−1 131,49	−1 913,3	−62,95	−49,78
Gross Profit Margin	-	-	-	34,16 %