CHINA TWANG AS

3724 SKIEN

Finances

Share Ownership

Return on Equity

5,5 %

Current Ratio

1,03

Debt-to-Equity Ratio

Key figures (NOK)	2022	2021	2020	2019
Revenue	3 856 000	2 819 000	2 658 000	3 125 000
Net Income	59 000	−422 000	−223 000	263 000
Total Assets	2 108 000	2 412 000	2 864 000	3 376 000
Total Equity	1 072 000	1 313 000	2 035 000	2 859 000

Income (NOK)	2022	2021	2020	2019
Revenue	3 856 000	2 819 000	2 658 000	3 125 000
Expenditure	3 808 000	3 244 000	2 968 000	2 816 000
Operating Profit	48 000	−425 000	−310 000	309 000
Financial Income	11 000	12 000	24 000	28 000
Financial Costs	0	0	0	0
Financial Balance	11 000	12 000	24 000	28 000
Earnings Before Tax	59 000	−414 000	−286 000	337 000
Tax	0	8 000	−63 000	74 000
Net Income	59 000	−422 000	−223 000	263 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	1 041 000	1 231 000	1 438 000	1 596 000
Total Current Assets	1 067 000	1 181 000	1 426 000	1 781 000
Total Assets	2 108 000	2 412 000	2 864 000	3 376 000
Total Retained Equity	972 000	1 213 000	1 935 000	2 759 000
Total Equity	1 072 000	1 313 000	2 035 000	2 859 000
Total Long-Term Debt	0	0	0	0
Total Current Debt	1 035 000	1 098 000	829 000	518 000
Total Equity and Debt	2 108 000	2 412 000	2 864 000	3 376 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	3 856 000	2 819 000	2 564 000	3 125 000
Other Income	0	0	94 000	0
Revenue	3 856 000	2 819 000	2 658 000	3 125 000
Cost of Goods Sold	1 141 000	806 000	778 000	784 000
Salary Costs	1 821 000	1 664 000	1 483 000	1 367 000
Depreciation	6 000	6 000	2 000	0
Impairment	0	0	0	0
Expenditure	3 808 000	3 244 000	2 968 000	2 816 000
Operating Profit	48 000	−425 000	−310 000	309 000
Financial Income	11 000	12 000	24 000	28 000
Financial Costs	0	0	0	0
Financial Balance	11 000	12 000	24 000	28 000
Dividends	300 000	300 000	600 000	0
Net Income	59 000	−422 000	−223 000	263 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	0	0	8 000	12 000
Real Eastate	0	0	0	0
Machinery and Plant Facilities	0	0	0	0
Fixtures	16 000	22 000	28 000	0
Total Tangible Assets	16 000	22 000	28 000	0
Total Fiancial Fixed Assets	1 025 000	1 209 000	1 402 000	1 584 000
Total Fixed Assets	1 041 000	1 231 000	1 438 000	1 596 000
Stock	94 000	135 000	120 000	123 000
Total Investments	0	0	0	0
Cash, Bank	965 000	1 019 000	1 213 000	1 637 000
Total Current Assets	1 067 000	1 181 000	1 426 000	1 781 000
Total Assets	2 108 000	2 412 000	2 864 000	3 376 000
Total Equity	1 072 000	1 313 000	2 035 000	2 859 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	0	0	0	0
Creditors	47 000	77 000	27 000	22 000
Unpaid Taxes	206 000	183 000	142 000	174 000
Dividends	300 000	300 000	600 000	0
Other Current Debt	482 000	539 000	360 000	251 000
Total Current Debt	1 035 000	1 098 000	829 000	518 000
Total Equity and Debt	2 108 000	2 412 000	2 864 000	3 376 000

Financial indicators	2022	2021	2020	2019
Return on Equity	5,5 %	−32,14 %	−10,96 %	9,2 %
Debt-to-Equity Ratio	0	0	0	0
Operating Profit Margin	1,24 %	−15,08 %	−11,66 %	9,89 %
Current Ratio	1,03	1,08	1,72	3,44
Quick Ratio	1,13	1,23	2,01	4,51
Equity Ratio	0,51	0,54	0,71	0,85
Gross Profit Margin	70,41 %	71,41 %	70,73 %	74,91 %