TANGEN UTVIKLING AS

3729 SKIEN

Finances

Return on Equity

68,11 %

Current Ratio

1,4

Debt-to-Equity Ratio

0,64

Key figures (NOK)	2022	2021	2020	2019
Revenue	6 598 000	1 582 000	2 938 000	18 000
Net Income	440 000	49 000	93 000	−393 000
Total Assets	1 823 000	7 751 000	5 843 000	5 355 000
Total Equity	646 000	206 000	157 000	64 000

Income (NOK)	2022	2021	2020	2019
Revenue	6 598 000	1 582 000	2 938 000	18 000
Expenditure	6 057 000	1 481 000	2 779 000	400 000
Operating Profit	541 000	100 000	159 000	−381 000
Financial Income	0	5 000	4 000	1 000
Financial Costs	21 000	56 000	69 000	40 000
Financial Balance	−21 000	−51 000	−65 000	−39 000
Earnings Before Tax	520 000	49 000	93 000	−420 000
Tax	81 000	0	0	−27 000
Net Income	440 000	49 000	93 000	−393 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	753 000	762 000	758 000	733 000
Total Current Assets	1 070 000	6 989 000	5 086 000	4 622 000
Total Assets	1 823 000	7 751 000	5 843 000	5 355 000
Total Retained Equity	446 000	6 000	−43 000	−136 000
Total Equity	646 000	206 000	157 000	64 000
Total Long-Term Debt	412 000	429 000	502 000	538 000
Total Current Debt	766 000	7 116 000	5 184 000	4 754 000
Total Equity and Debt	1 823 000	7 751 000	5 843 000	5 355 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	6 598 000	1 554 000	2 938 000	18 000
Other Income	0	28 000	0	0
Revenue	6 598 000	1 582 000	2 938 000	18 000
Cost of Goods Sold	5 912 000	1 147 000	2 548 000	16 000
Salary Costs	10 000	14 000	15 000	10 000
Depreciation	9 000	14 000	15 000	17 000
Impairment	0	0	0	0
Expenditure	6 057 000	1 481 000	2 779 000	400 000
Operating Profit	541 000	100 000	159 000	−381 000
Financial Income	0	5 000	4 000	1 000
Financial Costs	21 000	56 000	69 000	40 000
Financial Balance	−21 000	−51 000	−65 000	−39 000
Dividends	0	0	0	0
Net Income	440 000	49 000	93 000	−393 000

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	0	9 000	23 000	38 000
Total Tangible Assets	0	9 000	23 000	38 000
Total Fiancial Fixed Assets	753 000	753 000	735 000	695 000
Total Fixed Assets	753 000	762 000	758 000	733 000
Stock	964 000	6 707 000	4 709 000	4 396 000
Total Investments	0	0	0	0
Cash, Bank	31 000	160 000	226 000	93 000
Total Current Assets	1 070 000	6 989 000	5 086 000	4 622 000
Total Assets	1 823 000	7 751 000	5 843 000	5 355 000
Total Equity	646 000	206 000	157 000	64 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	412 000	429 000	502 000	538 000
Creditors	291 000	218 000	585 000	380 000
Unpaid Taxes	25 000	2 000	99 000	63 000
Dividends	0	0	0	0
Other Current Debt	390 000	6 896 000	1 980 000	4 310 000
Total Current Debt	766 000	7 116 000	5 184 000	4 754 000
Total Equity and Debt	1 823 000	7 751 000	5 843 000	5 355 000

Financial indicators	2022	2021	2020	2019
Return on Equity	68,11 %	23,79 %	59,24 %	−614,06 %
Debt-to-Equity Ratio	0,64	2,08	3,2	8,41
Operating Profit Margin	8,2 %	6,32 %	5,41 %	−2 116,67 %
Current Ratio	1,4	0,98	0,98	0,97
Quick Ratio	−5,4	17,09	10,71	12,91
Equity Ratio	0,35	0,03	0,03	0,01
Gross Profit Margin	10,4 %	27,5 %	13,27 %	11,11 %