WAVETRAIN SYSTEMS AS

1366 LYSAKER

Finances

Share Ownership

Return on Equity

−36,61 %

Current Ratio

0,21

Debt-to-Equity Ratio

0,11

Key figures (NOK)	2022	2021	2020	2019
Revenue	1 345 000	41 000	55 000	0
Net Income	−16 339 000	−13 026 000	−14 564 000	−21 236 000
Total Assets	74 986 000	67 566 000	61 168 000	53 653 000
Total Equity	44 626 000	53 266 000	34 525 000	36 775 000

Income (NOK)	2022	2021	2020	2019
Revenue	1 345 000	41 000	55 000	0
Expenditure	25 895 000	21 170 000	22 847 000	17 760 000
Operating Profit	−15 578 000	−12 262 000	−12 843 000	−17 759 000
Financial Income	220 000	6 000	107 000	37 000
Financial Costs	981 000	770 000	1 828 000	3 514 000
Financial Balance	−761 000	−764 000	−1 721 000	−3 477 000
Earnings Before Tax	−16 339 000	−13 026 000	−14 564 000	−21 236 000
Tax	0	0	0	0
Net Income	−16 339 000	−13 026 000	−14 564 000	−21 236 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	69 493 000	62 576 000	55 567 000	46 708 000
Total Current Assets	5 493 000	4 991 000	5 601 000	6 944 000
Total Assets	74 986 000	67 566 000	61 168 000	53 653 000
Total Retained Equity	0	0	−2 005 000	−127 113 000
Total Equity	44 626 000	53 266 000	34 525 000	36 775 000
Total Long-Term Debt	4 795 000	6 147 000	6 539 000	7 185 000
Total Current Debt	25 566 000	8 153 000	20 105 000	9 693 000
Total Equity and Debt	74 986 000	67 566 000	61 168 000	53 653 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	1 345 000	41 000	0	0
Other Income	0	0	55 000	0
Revenue	1 345 000	41 000	55 000	0
Cost of Goods Sold	162 000	75 000	458 000	75 000
Salary Costs	13 007 000	10 756 000	11 128 000	4 693 000
Depreciation	342 000	633 000	821 000	3 717 000
Impairment	0	0	0	0
Expenditure	25 895 000	21 170 000	22 847 000	17 760 000
Operating Profit	−15 578 000	−12 262 000	−12 843 000	−17 759 000
Financial Income	220 000	6 000	107 000	37 000
Financial Costs	981 000	770 000	1 828 000	3 514 000
Financial Balance	−761 000	−764 000	−1 721 000	−3 477 000
Dividends	0	0	0	0
Net Income	−16 339 000	−13 026 000	−14 564 000	−21 236 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	69 121 000	62 151 000	55 564 000	46 662 000
Real Eastate	0	0	0	0
Machinery and Plant Facilities	0	0	0	0
Fixtures	368 000	421 000	0	0
Total Tangible Assets	368 000	421 000	0	0
Total Fiancial Fixed Assets	3 000	3 000	3 000	46 000
Total Fixed Assets	69 493 000	62 576 000	55 567 000	46 708 000
Stock	2 055 000	2 095 000	2 160 000	2 360 000
Total Investments	0	0	0	0
Cash, Bank	542 000	573 000	3 123 000	447 000
Total Current Assets	5 493 000	4 991 000	5 601 000	6 944 000
Total Assets	74 986 000	67 566 000	61 168 000	53 653 000
Total Equity	44 626 000	53 266 000	34 525 000	36 775 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	4 795 000	6 147 000	6 539 000	7 185 000
Creditors	1 710 000	1 353 000	753 000	847 000
Unpaid Taxes	964 000	955 000	847 000	801 000
Dividends	0	0	0	0
Other Current Debt	12 878 000	1 417 000	18 505 000	1 587 000
Total Current Debt	25 566 000	8 153 000	20 105 000	9 693 000
Total Equity and Debt	74 986 000	67 566 000	61 168 000	53 653 000

Financial indicators	2022	2021	2020	2019
Return on Equity	−36,61 %	−24,45 %	−42,18 %	−57,75 %
Debt-to-Equity Ratio	0,11	0,12	0,19	0,2
Operating Profit Margin	−1 158,22 %	−29 907,32 %	−23 350,91 %	-
Current Ratio	0,21	0,61	0,28	0,72
Quick Ratio	0,23	0,82	0,31	0,95
Equity Ratio	0,6	0,79	0,56	0,69
Gross Profit Margin	87,96 %	−82,93 %	−732,73 %	-