NORAS WATERTECH AS

3158 ANDEBU

Finances

Share Ownership

Return on Equity

−503,94 %

Current Ratio

15,15

Debt-to-Equity Ratio

8,86

Key figures (NOK)	2022	2021	2020	2019
Revenue	203 000	694 000	4 445 000	4 058 000
Net Income	−6 395 000	−4 952 000	545 000	−707 000
Total Assets	12 976 000	6 740 000	2 840 000	6 727 000
Total Equity	1 269 000	1 464 000	1 316 000	771 000

Income (NOK)	2022	2021	2020	2019
Revenue	203 000	694 000	4 445 000	4 058 000
Expenditure	6 525 000	5 347 000	3 893 000	4 714 000
Operating Profit	−6 323 000	−4 769 000	552 000	−656 000
Financial Income	89 000	7 000	11 000	31 000
Financial Costs	160 000	190 000	19 000	83 000
Financial Balance	−71 000	−183 000	−8 000	−52 000
Earnings Before Tax	−6 395 000	−4 952 000	545 000	−707 000
Tax	0	0	0	0
Net Income	−6 395 000	−4 952 000	545 000	−707 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	5 885 000	49 000	2 089 000	1 249 000
Total Current Assets	7 091 000	6 691 000	751 000	5 478 000
Total Assets	12 976 000	6 740 000	2 840 000	6 727 000
Total Retained Equity	0	−11 107 000	−6 155 000	−6 700 000
Total Equity	1 269 000	1 464 000	1 316 000	771 000
Total Long-Term Debt	11 239 000	4 857 000	0	4 891 000
Total Current Debt	468 000	419 000	1 524 000	1 065 000
Total Equity and Debt	12 976 000	6 740 000	2 840 000	6 727 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	78 000	634 000	4 415 000	4 058 000
Other Income	125 000	60 000	30 000	0
Revenue	203 000	694 000	4 445 000	4 058 000
Cost of Goods Sold	4 000	13 000	31 000	638 000
Salary Costs	2 242 000	2 200 000	2 036 000	2 590 000
Depreciation	26 000	19 000	19 000	16 000
Impairment	0	0	0	0
Expenditure	6 525 000	5 347 000	3 893 000	4 714 000
Operating Profit	−6 323 000	−4 769 000	552 000	−656 000
Financial Income	89 000	7 000	11 000	31 000
Financial Costs	160 000	190 000	19 000	83 000
Financial Balance	−71 000	−183 000	−8 000	−52 000
Dividends	0	0	0	0
Net Income	−6 395 000	−4 952 000	545 000	−707 000

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	66 000	49 000	67 000	86 000
Total Tangible Assets	66 000	49 000	67 000	86 000
Total Fiancial Fixed Assets	5 819 000	0	2 022 000	1 163 000
Total Fixed Assets	5 885 000	49 000	2 089 000	1 249 000
Stock	18 000	19 000	135 000	135 000
Total Investments	0	0	0	0
Cash, Bank	205 000	221 000	240 000	273 000
Total Current Assets	7 091 000	6 691 000	751 000	5 478 000
Total Assets	12 976 000	6 740 000	2 840 000	6 727 000
Total Equity	1 269 000	1 464 000	1 316 000	771 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	11 239 000	4 857 000	0	4 891 000
Creditors	76 000	60 000	668 000	477 000
Unpaid Taxes	119 000	108 000	222 000	277 000
Dividends	0	0	0	0
Other Current Debt	273 000	250 000	634 000	312 000
Total Current Debt	468 000	419 000	1 524 000	1 065 000
Total Equity and Debt	12 976 000	6 740 000	2 840 000	6 727 000

Financial indicators	2022	2021	2020	2019
Return on Equity	−503,94 %	−338,25 %	41,41 %	−91,7 %
Debt-to-Equity Ratio	8,86	3,32	0	6,34
Operating Profit Margin	−3 114,78 %	−687,18 %	12,42 %	−16,17 %
Current Ratio	15,15	15,97	0,49	5,14
Quick Ratio	15,76	16,73	0,54	5,89
Equity Ratio	0,1	0,22	0,46	0,11
Gross Profit Margin	98,03 %	98,13 %	99,3 %	84,28 %