NORWEGIAN ELECTRONIC TELECOM TECHNOLOGY AS

6884 ØVRE ÅRDAL

Finances

Share Ownership

Return on Equity

12,73 %

Current Ratio

1,28

Debt-to-Equity Ratio

Key figures (NOK)	2022	2021	2020	2019
Revenue	1 126 000	793 000	0	0
Net Income	14 000	35 000	37 000	−16 000
Total Assets	363 000	366 000	69 000	33 000
Total Equity	110 000	96 000	61 000	24 000

Income (NOK)	2022	2021	2020	2019
Revenue	1 126 000	793 000	0	0
Expenditure	1 107 000	748 000	16 000	16 000
Operating Profit	19 000	45 000	−16 000	−16 000
Financial Income	0	0	0	0
Financial Costs	0	0	0	0
Financial Balance	0	0	0	0
Earnings Before Tax	19 000	45 000	−16 000	−16 000
Tax	5 000	10 000	−53 000	0
Net Income	14 000	35 000	37 000	−16 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	38 000	43 000	53 000	0
Total Current Assets	325 000	323 000	17 000	33 000
Total Assets	363 000	366 000	69 000	33 000
Total Retained Equity	10 000	−4 000	−39 000	−76 000
Total Equity	110 000	96 000	61 000	24 000
Total Long-Term Debt	0	0	0	0
Total Current Debt	253 000	270 000	8 000	8 000
Total Equity and Debt	363 000	366 000	69 000	33 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	1 126 000	793 000	0	0
Other Income	0	0	0	0
Revenue	1 126 000	793 000	0	0
Cost of Goods Sold	0	0	0	0
Salary Costs	1 035 000	666 000	0	0
Depreciation	0	0	0	0
Impairment	0	0	0	0
Expenditure	1 107 000	748 000	16 000	16 000
Operating Profit	19 000	45 000	−16 000	−16 000
Financial Income	0	0	0	0
Financial Costs	0	0	0	0
Financial Balance	0	0	0	0
Dividends	0	0	0	0
Net Income	14 000	35 000	37 000	−16 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	38 000	43 000	53 000	0
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	38 000	43 000	53 000	0
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	136 000	76 000	17 000	33 000
Total Current Assets	325 000	323 000	17 000	33 000
Total Assets	363 000	366 000	69 000	33 000
Total Equity	110 000	96 000	61 000	24 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	0	0	0	0
Creditors	4 000	4 000	0	0
Unpaid Taxes	129 000	92 000	0	0
Dividends	0	0	0	0
Other Current Debt	119 000	174 000	8 000	8 000
Total Current Debt	253 000	270 000	8 000	8 000
Total Equity and Debt	363 000	366 000	69 000	33 000

Financial indicators	2022	2021	2020	2019
Return on Equity	12,73 %	36,46 %	60,66 %	−66,67 %
Debt-to-Equity Ratio	0	0	0	0
Operating Profit Margin	1,69 %	5,67 %	-	-
Current Ratio	1,28	1,2	2,13	4,13
Quick Ratio	1,28	1,2	2,13	4,13
Equity Ratio	0,3	0,26	0,88	0,73
Gross Profit Margin	100 %	100 %	-	-