TVETECH AS

1628 ENGELSVIKEN

Finances

Share Ownership

Return on Equity

184,74 %

Current Ratio

1,26

Debt-to-Equity Ratio

Key figures (NOK)	2022	2021	2020	2019
Revenue	3 510 000	2 950 000	2 703 000	3 426 000
Net Income	702 000	737 000	656 000	543 000
Total Assets	1 654 000	1 537 000	1 656 000	1 657 000
Total Equity	380 000	528 000	541 000	285 000

Income (NOK)	2022	2021	2020	2019
Revenue	3 510 000	2 950 000	2 703 000	3 426 000
Expenditure	2 657 000	2 008 000	1 866 000	2 688 000
Operating Profit	853 000	942 000	837 000	738 000
Financial Income	4 000	3 000	3 000	2 000
Financial Costs	0	0	0	0
Financial Balance	4 000	3 000	3 000	2 000
Earnings Before Tax	857 000	945 000	840 000	740 000
Tax	155 000	208 000	185 000	197 000
Net Income	702 000	737 000	656 000	543 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	56 000	56 000	12 000	17 000
Total Current Assets	1 599 000	1 481 000	1 644 000	1 640 000
Total Assets	1 654 000	1 537 000	1 656 000	1 657 000
Total Retained Equity	350 000	498 000	511 000	255 000
Total Equity	380 000	528 000	541 000	285 000
Total Long-Term Debt	0	0	0	0
Total Current Debt	1 274 000	1 010 000	1 115 000	1 372 000
Total Equity and Debt	1 654 000	1 537 000	1 656 000	1 657 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	3 510 000	2 950 000	2 703 000	3 426 000
Other Income	0	0	0	0
Revenue	3 510 000	2 950 000	2 703 000	3 426 000
Cost of Goods Sold	425 000	206 000	70 000	656 000
Salary Costs	1 665 000	1 403 000	1 515 000	1 700 000
Depreciation	21 000	36 000	5 000	7 000
Impairment	0	0	0	0
Expenditure	2 657 000	2 008 000	1 866 000	2 688 000
Operating Profit	853 000	942 000	837 000	738 000
Financial Income	4 000	3 000	3 000	2 000
Financial Costs	0	0	0	0
Financial Balance	4 000	3 000	3 000	2 000
Dividends	850 000	750 000	400 000	700 000
Net Income	702 000	737 000	656 000	543 000

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	56 000	56 000	12 000	17 000
Total Tangible Assets	56 000	56 000	12 000	17 000
Total Fiancial Fixed Assets	0	0	0	0
Total Fixed Assets	56 000	56 000	12 000	17 000
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	1 289 000	380 000	1 187 000	977 000
Total Current Assets	1 599 000	1 481 000	1 644 000	1 640 000
Total Assets	1 654 000	1 537 000	1 656 000	1 657 000
Total Equity	380 000	528 000	541 000	285 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	0	0	0	0
Creditors	102 000	91 000	75 000	79 000
Unpaid Taxes	328 000	329 000	313 000	292 000
Dividends	850 000	750 000	400 000	700 000
Other Current Debt	156 000	132 000	143 000	138 000
Total Current Debt	1 274 000	1 010 000	1 115 000	1 372 000
Total Equity and Debt	1 654 000	1 537 000	1 656 000	1 657 000

Financial indicators	2022	2021	2020	2019
Return on Equity	184,74 %	139,58 %	121,26 %	190,53 %
Debt-to-Equity Ratio	0	0	0	0
Operating Profit Margin	24,3 %	31,93 %	30,97 %	21,54 %
Current Ratio	1,26	1,47	1,47	1,2
Quick Ratio	1,26	1,47	1,47	1,2
Equity Ratio	0,23	0,34	0,33	0,17
Gross Profit Margin	87,89 %	93,02 %	97,41 %	80,85 %