TOCIRCLE POWER SYSTEMS AS

8160 GLOMFJORD

Finances

Share Ownership

Return on Equity

−7,81 %

Current Ratio

0,69

Debt-to-Equity Ratio

Key figures (NOK)	2022	2021	2020	2019
Revenue	0	29 000	0	4 255 000
Net Income	−5 779 000	−6 880 000	−8 697 000	−6 300 000
Total Assets	106 486 000	101 996 000	115 961 000	65 657 000
Total Equity	73 983 000	61 762 000	48 597 000	17 294 000

Income (NOK)	2022	2021	2020	2019
Revenue	0	29 000	0	4 255 000
Expenditure	2 325 000	3 149 000	2 901 000	8 024 000
Operating Profit	−2 325 000	−3 120 000	−2 901 000	−3 770 000
Financial Income	131 000	940 000	39 000	138 000
Financial Costs	3 584 000	4 700 000	5 835 000	2 668 000
Financial Balance	−3 453 000	−3 760 000	−5 796 000	−2 530 000
Earnings Before Tax	−5 779 000	−6 880 000	−8 697 000	−6 300 000
Tax	0	0	0	0
Net Income	−5 779 000	−6 880 000	−8 697 000	−6 300 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	83 981 000	80 986 000	72 956 000	63 024 000
Total Current Assets	22 506 000	21 011 000	43 005 000	2 633 000
Total Assets	106 486 000	101 996 000	115 961 000	65 657 000
Total Retained Equity	0	0	0	0
Total Equity	73 983 000	61 762 000	48 597 000	17 294 000
Total Long-Term Debt	0	3 915 000	20 238 000	20 335 000
Total Current Debt	32 503 000	36 319 000	47 126 000	28 028 000
Total Equity and Debt	106 486 000	101 996 000	115 961 000	65 657 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	0	29 000	0	4 255 000
Other Income	0	0	0	0
Revenue	0	29 000	0	4 255 000
Cost of Goods Sold	0	29 000	0	2 256 000
Salary Costs	0	0	0	2 702 000
Depreciation	0	0	0	0
Impairment	0	0	0	0
Expenditure	2 325 000	3 149 000	2 901 000	8 024 000
Operating Profit	−2 325 000	−3 120 000	−2 901 000	−3 770 000
Financial Income	131 000	940 000	39 000	138 000
Financial Costs	3 584 000	4 700 000	5 835 000	2 668 000
Financial Balance	−3 453 000	−3 760 000	−5 796 000	−2 530 000
Dividends	0	0	0	0
Net Income	−5 779 000	−6 880 000	−8 697 000	−6 300 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	83 981 000	80 986 000	72 956 000	63 024 000
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	83 981 000	80 986 000	72 956 000	63 024 000
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	75 000	89 000	15 000	36 000
Total Current Assets	22 506 000	21 011 000	43 005 000	2 633 000
Total Assets	106 486 000	101 996 000	115 961 000	65 657 000
Total Equity	73 983 000	61 762 000	48 597 000	17 294 000
Short-Term Group Debt	19 297 000	23 531 000	0	0
Total Long-Term Debt	0	3 915 000	20 238 000	20 335 000
Creditors	63 000	164 000	1 472 000	3 888 000
Unpaid Taxes	0	0	0	0
Dividends	0	0	0	0
Other Current Debt	13 143 000	12 625 000	45 654 000	24 140 000
Total Current Debt	32 503 000	36 319 000	47 126 000	28 028 000
Total Equity and Debt	106 486 000	101 996 000	115 961 000	65 657 000

Financial indicators	2022	2021	2020	2019
Return on Equity	−7,81 %	−11,14 %	−17,9 %	−36,43 %
Debt-to-Equity Ratio	0	0,06	0,42	1,18
Operating Profit Margin	-	−10 758,62 %	-	−88,6 %
Current Ratio	0,69	0,58	0,91	0,09
Quick Ratio	0,69	0,58	0,91	0,09
Equity Ratio	0,69	0,61	0,42	0,26
Gross Profit Margin	-	0 %	-	46,98 %