SORBWATER TECHNOLOGY AS

5257 KOKSTAD

Finances

Share Ownership

Return on Equity

78,26 %

Current Ratio

3,37

Debt-to-Equity Ratio

0,1

Key figures (NOK)	2022	2021	2020	2019
Revenue	693 000	5 859 000	1 094 000	889 000
Net Income	24 199 000	2 895 000	−3 409 000	−13 122 000
Total Assets	36 796 000	2 001 000	7 114 000	9 865 000
Total Equity	30 921 000	−6 827 000	−9 722 000	−6 141 000

Income (NOK)	2022	2021	2020	2019
Revenue	693 000	5 859 000	1 094 000	889 000
Expenditure	909 000	1 960 000	3 945 000	13 560 000
Operating Profit	−218 000	3 900 000	−2 850 000	−12 671 000
Financial Income	7 000	8 000	24 000	27 000
Financial Costs	1 141 000	1 013 000	583 000	478 000
Financial Balance	−1 134 000	−1 005 000	−559 000	−451 000
Earnings Before Tax	−1 353 000	2 895 000	−3 409 000	−13 122 000
Tax	−25 552 000	0	0	0
Net Income	24 199 000	2 895 000	−3 409 000	−13 122 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	27 378 000	1 037 000	5 837 000	6 851 000
Total Current Assets	9 418 000	964 000	1 277 000	3 015 000
Total Assets	36 796 000	2 001 000	7 114 000	9 865 000
Total Retained Equity	−72 689 000	−96 888 000	−99 783 000	−96 202 000
Total Equity	30 921 000	−6 827 000	−9 722 000	−6 141 000
Total Long-Term Debt	3 081 000	2 161 000	1 757 000	1 757 000
Total Current Debt	2 793 000	6 668 000	15 079 000	14 249 000
Total Equity and Debt	36 796 000	2 001 000	7 114 000	9 865 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	693 000	785 000	1 094 000	889 000
Other Income	0	5 075 000	0	0
Revenue	693 000	5 859 000	1 094 000	889 000
Cost of Goods Sold	21 000	31 000	345 000	121 000
Salary Costs	2 310 000	778 000	1 541 000	4 447 000
Depreciation	606 000	293 000	1 156 000	1 916 000
Impairment	−3 316 000	706 000	0	5 476 000
Expenditure	909 000	1 960 000	3 945 000	13 560 000
Operating Profit	−218 000	3 900 000	−2 850 000	−12 671 000
Financial Income	7 000	8 000	24 000	27 000
Financial Costs	1 141 000	1 013 000	583 000	478 000
Financial Balance	−1 134 000	−1 005 000	−559 000	−451 000
Dividends	0	0	0	0
Net Income	24 199 000	2 895 000	−3 409 000	−13 122 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	24 307 000	859 000	2 772 000	3 290 000
Real Eastate	0	0	0	0
Machinery and Plant Facilities	3 071 000	0	0	0
Fixtures	0	178 000	3 065 000	3 560 000
Total Tangible Assets	3 071 000	178 000	3 065 000	3 560 000
Total Fiancial Fixed Assets	0	0	0	0
Total Fixed Assets	27 378 000	1 037 000	5 837 000	6 851 000
Stock	238 000	245 000	236 000	236 000
Total Investments	0	0	0	0
Cash, Bank	216 000	434 000	734 000	1 519 000
Total Current Assets	9 418 000	964 000	1 277 000	3 015 000
Total Assets	36 796 000	2 001 000	7 114 000	9 865 000
Total Equity	30 921 000	−6 827 000	−9 722 000	−6 141 000
Short-Term Group Debt	2 115 000	0	0	0
Total Long-Term Debt	3 081 000	2 161 000	1 757 000	1 757 000
Creditors	261 000	514 000	1 327 000	847 000
Unpaid Taxes	153 000	61 000	52 000	322 000
Dividends	0	0	0	0
Other Current Debt	265 000	370 000	10 100 000	9 479 000
Total Current Debt	2 793 000	6 668 000	15 079 000	14 249 000
Total Equity and Debt	36 796 000	2 001 000	7 114 000	9 865 000

Financial indicators	2022	2021	2020	2019
Return on Equity	78,26 %	−42,41 %	35,06 %	213,68 %
Debt-to-Equity Ratio	0,1	−0,32	−0,18	−0,29
Operating Profit Margin	−31,46 %	66,56 %	−260,51 %	−1 425,31 %
Current Ratio	3,37	0,14	0,08	0,21
Quick Ratio	3,69	0,15	0,09	0,22
Equity Ratio	0,84	−3,41	−1,37	−0,62
Gross Profit Margin	96,97 %	99,47 %	68,46 %	86,39 %