TIMECLOUD AS

4638 KRISTIANSAND S

Finances

Share Ownership

Return on Equity

−112,77 %

Current Ratio

3,33

Debt-to-Equity Ratio

Key figures (NOK)	2022	2021	2020	2019
Revenue	33 000	54 000	153 000	173 000
Net Income	−106 000	−142 000	−222 000	−197 000
Total Assets	97 000	202 000	368 000	617 000
Total Equity	94 000	200 000	342 000	564 000

Income (NOK)	2022	2021	2020	2019
Revenue	33 000	54 000	153 000	173 000
Expenditure	139 000	195 000	372 000	368 000
Operating Profit	−106 000	−141 000	−219 000	−195 000
Financial Income	0	0	1 000	1 000
Financial Costs	0	1 000	3 000	2 000
Financial Balance	0	−1 000	−2 000	−1 000
Earnings Before Tax	−106 000	−142 000	−222 000	−197 000
Tax	0	0	0	0
Net Income	−106 000	−142 000	−222 000	−197 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	86 000	173 000	259 000	346 000
Total Current Assets	10 000	30 000	108 000	272 000
Total Assets	97 000	202 000	368 000	617 000
Total Retained Equity	−1 633 000	−1 526 000	−1 384 000	−1 162 000
Total Equity	94 000	200 000	342 000	564 000
Total Long-Term Debt	0	0	0	0
Total Current Debt	3 000	2 000	25 000	53 000
Total Equity and Debt	97 000	202 000	368 000	617 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	33 000	54 000	153 000	173 000
Other Income	0	0	0	0
Revenue	33 000	54 000	153 000	173 000
Cost of Goods Sold	0	21 000	138 000	178 000
Salary Costs	0	0	0	0
Depreciation	86 000	86 000	86 000	86 000
Impairment	0	0	0	0
Expenditure	139 000	195 000	372 000	368 000
Operating Profit	−106 000	−141 000	−219 000	−195 000
Financial Income	0	0	1 000	1 000
Financial Costs	0	1 000	3 000	2 000
Financial Balance	0	−1 000	−2 000	−1 000
Dividends	0	0	0	0
Net Income	−106 000	−142 000	−222 000	−197 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	86 000	173 000	259 000	346 000
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	86 000	173 000	259 000	346 000
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	10 000	26 000	57 000	186 000
Total Current Assets	10 000	30 000	108 000	272 000
Total Assets	97 000	202 000	368 000	617 000
Total Equity	94 000	200 000	342 000	564 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	0	0	0	0
Creditors	4 000	2 000	0	10 000
Unpaid Taxes	−1 000	0	13 000	3 000
Dividends	0	0	0	0
Other Current Debt	0	0	12 000	40 000
Total Current Debt	3 000	2 000	25 000	53 000
Total Equity and Debt	97 000	202 000	368 000	617 000

Financial indicators	2022	2021	2020	2019
Return on Equity	−112,77 %	−71 %	−64,91 %	−34,93 %
Debt-to-Equity Ratio	0	0	0	0
Operating Profit Margin	−321,21 %	−261,11 %	−143,14 %	−112,72 %
Current Ratio	3,33	15	4,32	5,13
Quick Ratio	3,33	15	4,32	5,13
Equity Ratio	0,97	0,99	0,93	0,91
Gross Profit Margin	100 %	61,11 %	9,8 %	−2,89 %