TOWER AS

4307 SANDNES

Finances

Return on Equity

−98,5 %

Current Ratio

1,2

Debt-to-Equity Ratio

Key figures (NOK)	2022	2021	2020	2019
Revenue	7 665 000	7 383 000	5 375 000	6 712 000
Net Income	−395 000	430 000	297 000	363 000
Total Assets	925 000	2 325 000	485 000	796 000
Total Equity	401 000	796 000	366 000	69 000

Income (NOK)	2022	2021	2020	2019
Revenue	7 665 000	7 383 000	5 375 000	6 712 000
Expenditure	8 055 000	6 820 000	5 025 000	6 341 000
Operating Profit	−389 000	563 000	350 000	372 000
Financial Income	4 000	2 000	1 000	1 000
Financial Costs	11 000	4 000	28 000	10 000
Financial Balance	−7 000	−2 000	−27 000	−9 000
Earnings Before Tax	−395 000	561 000	323 000	363 000
Tax	0	131 000	26 000	0
Net Income	−395 000	430 000	297 000	363 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	299 000	114 000	104 000	134 000
Total Current Assets	626 000	2 211 000	381 000	662 000
Total Assets	925 000	2 325 000	485 000	796 000
Total Retained Equity	36 000	431 000	1 000	−296 000
Total Equity	401 000	796 000	366 000	69 000
Total Long-Term Debt	0	0	0	0
Total Current Debt	523 000	1 529 000	118 000	726 000
Total Equity and Debt	925 000	2 325 000	485 000	796 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	7 665 000	7 383 000	5 375 000	6 712 000
Other Income	0	0	0	0
Revenue	7 665 000	7 383 000	5 375 000	6 712 000
Cost of Goods Sold	4 592 000	3 870 000	4 351 000	5 560 000
Salary Costs	2 525 000	2 150 000	164 000	0
Depreciation	30 000	9 000	11 000	11 000
Impairment	0	0	0	0
Expenditure	8 055 000	6 820 000	5 025 000	6 341 000
Operating Profit	−389 000	563 000	350 000	372 000
Financial Income	4 000	2 000	1 000	1 000
Financial Costs	11 000	4 000	28 000	10 000
Financial Balance	−7 000	−2 000	−27 000	−9 000
Dividends	0	0	0	0
Net Income	−395 000	430 000	297 000	363 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	138 000	0	0	0
Real Eastate	0	0	0	0
Machinery and Plant Facilities	0	0	0	0
Fixtures	62 000	14 000	4 000	15 000
Total Tangible Assets	62 000	14 000	4 000	15 000
Total Fiancial Fixed Assets	100 000	100 000	100 000	119 000
Total Fixed Assets	299 000	114 000	104 000	134 000
Stock	56 000	0	0	0
Total Investments	0	0	0	0
Cash, Bank	253 000	1 449 000	240 000	0
Total Current Assets	626 000	2 211 000	381 000	662 000
Total Assets	925 000	2 325 000	485 000	796 000
Total Equity	401 000	796 000	366 000	69 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	0	0	0	0
Creditors	21 000	96 000	72 000	68 000
Unpaid Taxes	213 000	658 000	0	48 000
Dividends	0	0	0	0
Other Current Debt	289 000	644 000	21 000	336 000
Total Current Debt	523 000	1 529 000	118 000	726 000
Total Equity and Debt	925 000	2 325 000	485 000	796 000

Financial indicators	2022	2021	2020	2019
Return on Equity	−98,5 %	54,02 %	81,15 %	526,09 %
Debt-to-Equity Ratio	0	0	0	0
Operating Profit Margin	−5,08 %	7,63 %	6,51 %	5,54 %
Current Ratio	1,2	1,45	3,23	0,91
Quick Ratio	1,34	1,45	3,23	0,91
Equity Ratio	0,43	0,34	0,75	0,09
Gross Profit Margin	40,09 %	47,58 %	19,05 %	17,16 %