WAVE PROPULSION AS

5420 RUBBESTADNESET

Finances

Share Ownership

Return on Equity

51,92 %

Current Ratio

2,08

Debt-to-Equity Ratio

Key figures (NOK)	2022	2021	2020	2019
Revenue	579 000	237 000	157 000	928 000
Net Income	108 000	−169 000	−499 000	497 000
Total Assets	367 000	120 000	139 000	532 000
Total Equity	208 000	−1 000 000	−831 000	−333 000

Income (NOK)	2022	2021	2020	2019
Revenue	579 000	237 000	157 000	928 000
Expenditure	449 000	381 000	611 000	400 000
Operating Profit	130 000	−144 000	−454 000	527 000
Financial Income	0	0	1 000	0
Financial Costs	23 000	72 000	−2 000	30 000
Financial Balance	−23 000	−72 000	3 000	−30 000
Earnings Before Tax	108 000	−216 000	−452 000	497 000
Tax	0	−47 000	47 000	0
Net Income	108 000	−169 000	−499 000	497 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	34 000	94 000	154 000	214 000
Total Current Assets	333 000	26 000	−15 000	318 000
Total Assets	367 000	120 000	139 000	532 000
Total Retained Equity	−1 392 000	−1 500 000	−1 331 000	−833 000
Total Equity	208 000	−1 000 000	−831 000	−333 000
Total Long-Term Debt	0	311 000	356 000	300 000
Total Current Debt	160 000	809 000	614 000	565 000
Total Equity and Debt	367 000	120 000	139 000	532 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	579 000	237 000	157 000	928 000
Other Income	0	0	0	0
Revenue	579 000	237 000	157 000	928 000
Cost of Goods Sold	0	0	0	0
Salary Costs	141 000	174 000	352 000	167 000
Depreciation	60 000	60 000	60 000	55 000
Impairment	0	0	0	0
Expenditure	449 000	381 000	611 000	400 000
Operating Profit	130 000	−144 000	−454 000	527 000
Financial Income	0	0	1 000	0
Financial Costs	23 000	72 000	−2 000	30 000
Financial Balance	−23 000	−72 000	3 000	−30 000
Dividends	0	0	0	0
Net Income	108 000	−169 000	−499 000	497 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	34 000	94 000	154 000	214 000
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	34 000	94 000	154 000	214 000
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	2 000	47 000	19 000	0
Total Current Assets	333 000	26 000	−15 000	318 000
Total Assets	367 000	120 000	139 000	532 000
Total Equity	208 000	−1 000 000	−831 000	−333 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	0	311 000	356 000	300 000
Creditors	25 000	361 000	324 000	274 000
Unpaid Taxes	33 000	120 000	−18 000	29 000
Dividends	0	0	0	0
Other Current Debt	10 000	231 000	212 000	157 000
Total Current Debt	160 000	809 000	614 000	565 000
Total Equity and Debt	367 000	120 000	139 000	532 000

Financial indicators	2022	2021	2020	2019
Return on Equity	51,92 %	16,9 %	60,05 %	−149,25 %
Debt-to-Equity Ratio	0	−0,31	−0,43	−0,9
Operating Profit Margin	22,45 %	−60,76 %	−289,17 %	56,79 %
Current Ratio	2,08	0,03	−0,02	0,56
Quick Ratio	2,08	0,03	−0,02	0,56
Equity Ratio	0,57	−8,33	−5,98	−0,63
Gross Profit Margin	100 %	100 %	100 %	100 %