ET WORKS AS

3302 HOKKSUND

Finances

Return on Equity

198,51 %

Current Ratio

1,59

Debt-to-Equity Ratio

39,57

Key figures (NOK)	2022	2021	2020	2019
Revenue	38 976 000	51 001 000	33 049 000	75 865 000
Net Income	266 000	922 000	−1 770 000	110 000
Total Assets	11 217 000	14 026 000	12 116 000	22 312 000
Total Equity	134 000	−132 000	−1 054 000	716 000

Income (NOK)	2022	2021	2020	2019
Revenue	38 976 000	51 001 000	33 049 000	75 865 000
Expenditure	39 290 000	49 637 000	35 210 000	75 377 000
Operating Profit	−314 000	1 365 000	−2 161 000	488 000
Financial Income	1 053 000	1 028 000	718 000	714 000
Financial Costs	552 000	1 210 000	827 000	1 057 000
Financial Balance	501 000	−182 000	−109 000	−343 000
Earnings Before Tax	187 000	1 182 000	−2 270 000	144 000
Tax	−79 000	260 000	−500 000	34 000
Net Income	266 000	922 000	−1 770 000	110 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	2 000 000	2 446 000	3 076 000	2 882 000
Total Current Assets	9 217 000	11 580 000	9 041 000	19 431 000
Total Assets	11 217 000	14 026 000	12 116 000	22 312 000
Total Retained Equity	87 000	−179 000	−1 101 000	670 000
Total Equity	134 000	−132 000	−1 054 000	716 000
Total Long-Term Debt	5 303 000	6 169 000	5 818 000	6 831 000
Total Current Debt	5 780 000	7 989 000	7 352 000	14 765 000
Total Equity and Debt	11 217 000	14 026 000	12 116 000	22 312 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	38 851 000	51 001 000	33 047 000	75 865 000
Other Income	124 000	0	2 000	0
Revenue	38 976 000	51 001 000	33 049 000	75 865 000
Cost of Goods Sold	30 232 000	39 552 000	26 053 000	63 519 000
Salary Costs	6 667 000	7 675 000	6 564 000	9 131 000
Depreciation	373 000	369 000	368 000	337 000
Impairment	0	0	0	0
Expenditure	39 290 000	49 637 000	35 210 000	75 377 000
Operating Profit	−314 000	1 365 000	−2 161 000	488 000
Financial Income	1 053 000	1 028 000	718 000	714 000
Financial Costs	552 000	1 210 000	827 000	1 057 000
Financial Balance	501 000	−182 000	−109 000	−343 000
Dividends	0	0	0	0
Net Income	266 000	922 000	−1 770 000	110 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	237 000	232 000	565 000	292 000
Real Eastate	0	0	0	0
Machinery and Plant Facilities	0	0	0	0
Fixtures	1 018 000	1 471 000	1 767 000	1 846 000
Total Tangible Assets	1 018 000	1 471 000	1 767 000	1 846 000
Total Fiancial Fixed Assets	744 000	744 000	744 000	744 000
Total Fixed Assets	2 000 000	2 446 000	3 076 000	2 882 000
Stock	252 000	284 000	316 000	1 430 000
Total Investments	0	0	0	0
Cash, Bank	2 682 000	2 446 000	2 531 000	5 675 000
Total Current Assets	9 217 000	11 580 000	9 041 000	19 431 000
Total Assets	11 217 000	14 026 000	12 116 000	22 312 000
Total Equity	134 000	−132 000	−1 054 000	716 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	5 303 000	6 169 000	5 818 000	6 831 000
Creditors	4 765 000	5 834 000	5 381 000	13 092 000
Unpaid Taxes	525 000	1 146 000	1 004 000	580 000
Dividends	0	0	0	0
Other Current Debt	490 000	1 008 000	967 000	1 094 000
Total Current Debt	5 780 000	7 989 000	7 352 000	14 765 000
Total Equity and Debt	11 217 000	14 026 000	12 116 000	22 312 000

Financial indicators	2022	2021	2020	2019
Return on Equity	198,51 %	−698,48 %	167,93 %	15,36 %
Debt-to-Equity Ratio	39,57	−46,73	−5,52	9,54
Operating Profit Margin	−0,81 %	2,68 %	−6,54 %	0,64 %
Current Ratio	1,59	1,45	1,23	1,32
Quick Ratio	1,67	1,5	1,28	1,46
Equity Ratio	0,01	−0,01	−0,09	0,03
Gross Profit Margin	22,43 %	22,45 %	21,17 %	16,27 %