TEC VENTURE AS

1397 NESØYA

Finances

Return on Equity

−0,79 %

Current Ratio

66,37

Debt-to-Equity Ratio

Key figures (NOK)	2022	2021	2020	2019
Revenue	614 000	1 022 000	2 752 000	385 000
Net Income	−111 000	−1 375 000	197 000	−994 000
Total Assets	14 313 000	14 427 000	16 155 000	16 110 000
Total Equity	14 140 000	14 360 000	15 844 000	15 758 000

Income (NOK)	2022	2021	2020	2019
Revenue	614 000	1 022 000	2 752 000	385 000
Expenditure	390 000	409 000	770 000	377 000
Operating Profit	224 000	613 000	1 983 000	7 000
Financial Income	17 000	3 000	3 000	7 000
Financial Costs	353 000	1 991 000	1 789 000	1 009 000
Financial Balance	−336 000	−1 988 000	−1 786 000	−1 002 000
Earnings Before Tax	−111 000	−1 375 000	197 000	−994 000
Tax	0	0	0	0
Net Income	−111 000	−1 375 000	197 000	−994 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	2 897 000	2 610 000	4 139 000	6 520 000
Total Current Assets	11 416 000	11 817 000	12 016 000	9 590 000
Total Assets	14 313 000	14 427 000	16 155 000	16 110 000
Total Retained Equity	14 040 000	14 260 000	15 743 000	15 657 000
Total Equity	14 140 000	14 360 000	15 844 000	15 758 000
Total Long-Term Debt	0	0	0	0
Total Current Debt	172 000	67 000	311 000	353 000
Total Equity and Debt	14 313 000	14 427 000	16 155 000	16 110 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	0	0	0	0
Other Income	614 000	1 022 000	2 752 000	385 000
Revenue	614 000	1 022 000	2 752 000	385 000
Cost of Goods Sold	0	0	0	0
Salary Costs	0	0	0	20 000
Depreciation	0	0	28 000	169 000
Impairment	0	0	0	0
Expenditure	390 000	409 000	770 000	377 000
Operating Profit	224 000	613 000	1 983 000	7 000
Financial Income	17 000	3 000	3 000	7 000
Financial Costs	353 000	1 991 000	1 789 000	1 009 000
Financial Balance	−336 000	−1 988 000	−1 786 000	−1 002 000
Dividends	109 000	108 000	111 000	0
Net Income	−111 000	−1 375 000	197 000	−994 000

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	28 000
Total Tangible Assets	0	0	0	28 000
Total Fiancial Fixed Assets	2 897 000	2 610 000	4 139 000	6 492 000
Total Fixed Assets	2 897 000	2 610 000	4 139 000	6 520 000
Stock	0	0	0	0
Total Investments	10 970 000	10 238 000	8 343 000	8 787 000
Cash, Bank	446 000	1 579 000	3 672 000	391 000
Total Current Assets	11 416 000	11 817 000	12 016 000	9 590 000
Total Assets	14 313 000	14 427 000	16 155 000	16 110 000
Total Equity	14 140 000	14 360 000	15 844 000	15 758 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	0	0	0	0
Creditors	8 000	4 000	1 000	0
Unpaid Taxes	0	0	0	3 000
Dividends	109 000	108 000	111 000	0
Other Current Debt	165 000	63 000	310 000	349 000
Total Current Debt	172 000	67 000	311 000	353 000
Total Equity and Debt	14 313 000	14 427 000	16 155 000	16 110 000

Financial indicators	2022	2021	2020	2019
Return on Equity	−0,79 %	−9,58 %	1,24 %	−6,31 %
Debt-to-Equity Ratio	0	0	0	0
Operating Profit Margin	36,48 %	59,98 %	72,06 %	1,82 %
Current Ratio	66,37	176,37	38,64	27,17
Quick Ratio	66,37	176,37	38,64	27,17
Equity Ratio	0,99	1	0,98	0,98
Gross Profit Margin	100 %	100 %	100 %	100 %