ØSTTEC AS

2450 RENA

Finances

Share Ownership

Return on Equity

26,9 %

Current Ratio

1,3

Debt-to-Equity Ratio

Key figures (NOK)	2022	2021	2020
Revenue	4 053 000	2 872 000	787 000
Net Income	145 000	170 000	−177 000
Total Assets	2 314 000	1 610 000	981 000
Total Equity	539 000	394 000	223 000

Income (NOK)	2022	2021	2020
Revenue	4 053 000	2 872 000	787 000
Expenditure	3 799 000	2 649 000	951 000
Operating Profit	254 000	223 000	−164 000
Financial Income	0	0	0
Financial Costs	69 000	53 000	13 000
Financial Balance	−69 000	−53 000	−13 000
Earnings Before Tax	185 000	170 000	−177 000
Tax	39 000	0	0
Net Income	145 000	170 000	−177 000

Balance (NOK)	2022	2021	2020
Total Fixed Assets	0	0	0
Total Current Assets	2 314 000	1 610 000	981 000
Total Assets	2 314 000	1 610 000	981 000
Total Retained Equity	139 000	−6 000	−177 000
Total Equity	539 000	394 000	223 000
Total Long-Term Debt	0	0	0
Total Current Debt	1 775 000	1 217 000	758 000
Total Equity and Debt	2 314 000	1 610 000	981 000

Cash flow (NOK)	2022	2021	2020
Sales Income	4 053 000	2 872 000	787 000
Other Income	0	0	0
Revenue	4 053 000	2 872 000	787 000
Cost of Goods Sold	2 786 000	1 666 000	602 000
Salary Costs	643 000	617 000	206 000
Depreciation	0	0	0
Impairment	0	0	0
Expenditure	3 799 000	2 649 000	951 000
Operating Profit	254 000	223 000	−164 000
Financial Income	0	0	0
Financial Costs	69 000	53 000	13 000
Financial Balance	−69 000	−53 000	−13 000
Dividends	0	0	0
Net Income	145 000	170 000	−177 000

Balance details (NOK)	2022	2021	2020
Goodwill	0	0	0
Total Intangible Assets	0	0	0
Real Eastate	0	0	0
Machinery and Plant Facilities	0	0	0
Fixtures	0	0	0
Total Tangible Assets	0	0	0
Total Fiancial Fixed Assets	0	0	0
Total Fixed Assets	0	0	0
Stock	1 756 000	1 344 000	760 000
Total Investments	0	0	0
Cash, Bank	35 000	54 000	44 000
Total Current Assets	2 314 000	1 610 000	981 000
Total Assets	2 314 000	1 610 000	981 000
Total Equity	539 000	394 000	223 000
Short-Term Group Debt	0	0	0
Total Long-Term Debt	0	0	0
Creditors	565 000	283 000	126 000
Unpaid Taxes	69 000	82 000	52 000
Dividends	0	0	0
Other Current Debt	70 000	80 000	40 000
Total Current Debt	1 775 000	1 217 000	758 000
Total Equity and Debt	2 314 000	1 610 000	981 000

Financial indicators	2022	2021	2020
Return on Equity	26,9 %	43,15 %	−79,37 %
Debt-to-Equity Ratio	0	0	0
Operating Profit Margin	6,27 %	7,76 %	−20,84 %
Current Ratio	1,3	1,32	1,29
Quick Ratio	121,79	−12,68	−490,5
Equity Ratio	0,23	0,24	0,23
Gross Profit Margin	31,26 %	41,99 %	23,51 %