CHANGETECH AS

0349 OSLO

Finances

Share Ownership

Return on Equity

5,12 %

Current Ratio

0,19

Debt-to-Equity Ratio

−0,81

Key figures (NOK)	2022	2021	2020	2019
Revenue	4 417 000	4 062 000	2 867 000	3 494 000
Net Income	−242 000	−245 000	−2 029 000	−3 853 000
Total Assets	2 012 000	4 352 000	1 712 000	5 523 000
Total Equity	−4 723 000	−4 481 000	−4 243 000	−2 214 000

Income (NOK)	2022	2021	2020	2019
Revenue	4 417 000	4 062 000	2 867 000	3 494 000
Expenditure	4 013 000	4 083 000	4 611 000	6 484 000
Operating Profit	403 000	−22 000	−1 744 000	−2 990 000
Financial Income	29 000	26 000	8 000	1 000
Financial Costs	675 000	249 000	293 000	864 000
Financial Balance	−646 000	−223 000	−285 000	−863 000
Earnings Before Tax	−242 000	−245 000	−2 029 000	−3 853 000
Tax	0	0	0	0
Net Income	−242 000	−245 000	−2 029 000	−3 853 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	1 471 000	1 508 000	1 085 000	3 140 000
Total Current Assets	542 000	2 844 000	627 000	2 382 000
Total Assets	2 012 000	4 352 000	1 712 000	5 523 000
Total Retained Equity	−12 628 000	−12 386 000	−12 140 000	−10 112 000
Total Equity	−4 723 000	−4 481 000	−4 243 000	−2 214 000
Total Long-Term Debt	3 844 000	1 233 000	2 842 000	2 374 000
Total Current Debt	2 891 000	7 600 000	3 113 000	5 363 000
Total Equity and Debt	2 012 000	4 352 000	1 712 000	5 523 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	4 417 000	4 062 000	2 585 000	2 571 000
Other Income	0	0	282 000	923 000
Revenue	4 417 000	4 062 000	2 867 000	3 494 000
Cost of Goods Sold	66 000	30 000	0	0
Salary Costs	1 831 000	2 188 000	1 185 000	1 930 000
Depreciation	667 000	786 000	2 055 000	3 369 000
Impairment	0	0	0	0
Expenditure	4 013 000	4 083 000	4 611 000	6 484 000
Operating Profit	403 000	−22 000	−1 744 000	−2 990 000
Financial Income	29 000	26 000	8 000	1 000
Financial Costs	675 000	249 000	293 000	864 000
Financial Balance	−646 000	−223 000	−285 000	−863 000
Dividends	0	0	0	0
Net Income	−242 000	−245 000	−2 029 000	−3 853 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	1 471 000	1 508 000	1 085 000	3 140 000
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	0	0	0	0
Total Fixed Assets	1 471 000	1 508 000	1 085 000	3 140 000
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	77 000	161 000	130 000	55 000
Total Current Assets	542 000	2 844 000	627 000	2 382 000
Total Assets	2 012 000	4 352 000	1 712 000	5 523 000
Total Equity	−4 723 000	−4 481 000	−4 243 000	−2 214 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	3 844 000	1 233 000	2 842 000	2 374 000
Creditors	828 000	1 196 000	1 809 000	2 109 000
Unpaid Taxes	526 000	1 587 000	142 000	671 000
Dividends	0	0	0	0
Other Current Debt	1 538 000	4 153 000	402 000	1 597 000
Total Current Debt	2 891 000	7 600 000	3 113 000	5 363 000
Total Equity and Debt	2 012 000	4 352 000	1 712 000	5 523 000

Financial indicators	2022	2021	2020	2019
Return on Equity	5,12 %	5,47 %	47,82 %	174,03 %
Debt-to-Equity Ratio	−0,81	−0,28	−0,67	−1,07
Operating Profit Margin	9,12 %	−0,54 %	−60,83 %	−85,58 %
Current Ratio	0,19	0,37	0,2	0,44
Quick Ratio	0,19	0,37	0,2	0,44
Equity Ratio	−2,35	−1,03	−2,48	−0,4
Gross Profit Margin	98,51 %	99,26 %	100 %	100 %