TIMETO AS

3151 TOLVSRØD

Finances

Return on Equity

−9,43 %

Current Ratio

0,22

Debt-to-Equity Ratio

Key figures (NOK)	2022	2021	2020	2019
Revenue	60 000	110 000	129 000	8 000
Net Income	−30 000	96 000	151 000	−3 000
Total Assets	502 000	442 000	305 000	168 000
Total Equity	318 000	348 000	252 000	101 000

Income (NOK)	2022	2021	2020	2019
Revenue	60 000	110 000	129 000	8 000
Expenditure	90 000	164 000	52 000	12 000
Operating Profit	−30 000	−54 000	77 000	−4 000
Financial Income	0	150 000	90 000	0
Financial Costs	0	0	0	0
Financial Balance	0	150 000	90 000	0
Earnings Before Tax	−30 000	96 000	167 000	−3 000
Tax	0	0	17 000	0
Net Income	−30 000	96 000	151 000	−3 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	461 000	372 000	158 000	108 000
Total Current Assets	41 000	70 000	147 000	60 000
Total Assets	502 000	442 000	305 000	168 000
Total Retained Equity	218 000	248 000	152 000	1 000
Total Equity	318 000	348 000	252 000	101 000
Total Long-Term Debt	0	0	0	0
Total Current Debt	184 000	95 000	53 000	66 000
Total Equity and Debt	502 000	442 000	305 000	168 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	60 000	110 000	129 000	8 000
Other Income	0	0	0	0
Revenue	60 000	110 000	129 000	8 000
Cost of Goods Sold	56 000	65 000	0	0
Salary Costs	0	0	0	0
Depreciation	0	0	0	0
Impairment	0	0	0	0
Expenditure	90 000	164 000	52 000	12 000
Operating Profit	−30 000	−54 000	77 000	−4 000
Financial Income	0	150 000	90 000	0
Financial Costs	0	0	0	0
Financial Balance	0	150 000	90 000	0
Dividends	0	0	0	0
Net Income	−30 000	96 000	151 000	−3 000

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	0	0	0	0
Total Tangible Assets	0	0	0	0
Total Fiancial Fixed Assets	461 000	372 000	158 000	108 000
Total Fixed Assets	461 000	372 000	158 000	108 000
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	3 000	64 000	102 000	15 000
Total Current Assets	41 000	70 000	147 000	60 000
Total Assets	502 000	442 000	305 000	168 000
Total Equity	318 000	348 000	252 000	101 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	0	0	0	0
Creditors	20 000	19 000	0	0
Unpaid Taxes	0	0	7 000	0
Dividends	0	0	0	0
Other Current Debt	165 000	76 000	30 000	66 000
Total Current Debt	184 000	95 000	53 000	66 000
Total Equity and Debt	502 000	442 000	305 000	168 000

Financial indicators	2022	2021	2020	2019
Return on Equity	−9,43 %	27,59 %	59,92 %	−2,97 %
Debt-to-Equity Ratio	0	0	0	0
Operating Profit Margin	−50 %	−49,09 %	59,69 %	−50 %
Current Ratio	0,22	0,74	2,77	0,91
Quick Ratio	0,22	0,74	2,77	0,91
Equity Ratio	0,63	0,79	0,83	0,6
Gross Profit Margin	6,67 %	40,91 %	100 %	100 %