AKVATECH AS

0181 OSLO

Finances

Share Ownership

Return on Equity

11,32 %

Current Ratio

9,48

Debt-to-Equity Ratio

1,42

Key figures (NOK)	2022	2021	2020	2019
Revenue	3 703 000	3 331 000	2 555 000	1 418 000
Net Income	184 000	−88 000	−416 000	−1 281 000
Total Assets	4 340 000	3 723 000	468 000	185 000
Total Equity	1 625 000	−7 760 000	−7 672 000	−7 256 000

Income (NOK)	2022	2021	2020	2019
Revenue	3 703 000	3 331 000	2 555 000	1 418 000
Expenditure	3 517 000	3 314 000	2 361 000	2 144 000
Operating Profit	185 000	17 000	194 000	−726 000
Financial Income	1 000	0	0	2 000
Financial Costs	1 000	105 000	610 000	556 000
Financial Balance	0	−105 000	−610 000	−554 000
Earnings Before Tax	184 000	−88 000	−416 000	−1 281 000
Tax	0	0	0	0
Net Income	184 000	−88 000	−416 000	−1 281 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	444 000	0	0	17 000
Total Current Assets	3 896 000	3 723 000	468 000	168 000
Total Assets	4 340 000	3 723 000	468 000	185 000
Total Retained Equity	−16 551 000	−16 735 000	−16 647 000	−16 231 000
Total Equity	1 625 000	−7 760 000	−7 672 000	−7 256 000
Total Long-Term Debt	2 304 000	0	0	2 304 000
Total Current Debt	411 000	11 483 000	8 140 000	5 136 000
Total Equity and Debt	4 340 000	3 723 000	468 000	185 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	3 703 000	3 331 000	2 555 000	1 418 000
Other Income	0	0	0	0
Revenue	3 703 000	3 331 000	2 555 000	1 418 000
Cost of Goods Sold	1 826 000	2 003 000	1 954 000	1 450 000
Salary Costs	745 000	506 000	109 000	0
Depreciation	0	0	17 000	251 000
Impairment	0	0	0	0
Expenditure	3 517 000	3 314 000	2 361 000	2 144 000
Operating Profit	185 000	17 000	194 000	−726 000
Financial Income	1 000	0	0	2 000
Financial Costs	1 000	105 000	610 000	556 000
Financial Balance	0	−105 000	−610 000	−554 000
Dividends	0	0	0	0
Net Income	184 000	−88 000	−416 000	−1 281 000

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	444 000	0	0	17 000
Total Tangible Assets	444 000	0	0	17 000
Total Fiancial Fixed Assets	0	0	0	0
Total Fixed Assets	444 000	0	0	17 000
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	668 000	142 000	166 000	141 000
Total Current Assets	3 896 000	3 723 000	468 000	168 000
Total Assets	4 340 000	3 723 000	468 000	185 000
Total Equity	1 625 000	−7 760 000	−7 672 000	−7 256 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	2 304 000	0	0	2 304 000
Creditors	81 000	1 000	16 000	71 000
Unpaid Taxes	140 000	79 000	115 000	0
Dividends	0	0	0	0
Other Current Debt	191 000	11 403 000	8 010 000	5 066 000
Total Current Debt	411 000	11 483 000	8 140 000	5 136 000
Total Equity and Debt	4 340 000	3 723 000	468 000	185 000

Financial indicators	2022	2021	2020	2019
Return on Equity	11,32 %	1,13 %	5,42 %	17,65 %
Debt-to-Equity Ratio	1,42	−0	−0	−0,32
Operating Profit Margin	5 %	0,51 %	7,59 %	−51,2 %
Current Ratio	9,48	0,32	0,06	0,03
Quick Ratio	9,48	0,32	0,06	0,03
Equity Ratio	0,37	−2,08	−16,39	−39,22
Gross Profit Margin	50,69 %	39,87 %	23,52 %	−2,26 %