ZENITEL NORWAY AS

0473 OSLO

Finances

Share Ownership

Return on Equity

38,53 %

Current Ratio

1,82

Debt-to-Equity Ratio

Key figures (NOK)	2022	2021	2020	2019
Revenue	724 503 000	633 032 000	72 955 000	76 257 000
Net Income	77 981 000	35 116 000	7 108 000	3 022 000
Total Assets	407 501 000	383 494 000	61 199 000	59 114 000
Total Equity	202 378 000	164 197 000	37 908 000	32 578 000

Income (NOK)	2022	2021	2020	2019
Revenue	724 503 000	633 032 000	72 955 000	76 257 000
Expenditure	637 731 000	588 220 000	64 325 000	72 334 000
Operating Profit	86 772 000	44 812 000	8 630 000	3 923 000
Financial Income	27 671 000	17 854 000	213 000	285 000
Financial Costs	17 076 000	19 548 000	524 000	443 000
Financial Balance	10 595 000	−1 694 000	−311 000	−158 000
Earnings Before Tax	97 367 000	43 118 000	8 319 000	3 765 000
Tax	19 386 000	8 002 000	1 211 000	743 000
Net Income	77 981 000	35 116 000	7 108 000	3 022 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	35 124 000	26 504 000	8 294 000	9 474 000
Total Current Assets	372 377 000	356 990 000	52 905 000	49 640 000
Total Assets	407 501 000	383 494 000	61 199 000	59 114 000
Total Retained Equity	112 414 000	74 233 000	12 568 000	7 238 000
Total Equity	202 378 000	164 197 000	37 908 000	32 578 000
Total Long-Term Debt	0	33 910 000	2 131 000	2 352 000
Total Current Debt	205 123 000	185 387 000	21 160 000	24 184 000
Total Equity and Debt	407 501 000	383 494 000	61 199 000	59 114 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	724 503 000	633 032 000	72 955 000	76 257 000
Other Income	0	0	0	0
Revenue	724 503 000	633 032 000	72 955 000	76 257 000
Cost of Goods Sold	374 467 000	327 194 000	31 805 000	35 160 000
Salary Costs	166 518 000	155 847 000	24 534 000	27 516 000
Depreciation	5 320 000	5 359 000	2 242 000	2 586 000
Impairment	0	0	0	0
Expenditure	637 731 000	588 220 000	64 325 000	72 334 000
Operating Profit	86 772 000	44 812 000	8 630 000	3 923 000
Financial Income	27 671 000	17 854 000	213 000	285 000
Financial Costs	17 076 000	19 548 000	524 000	443 000
Financial Balance	10 595 000	−1 694 000	−311 000	−158 000
Dividends	0	0	0	0
Net Income	77 981 000	35 116 000	7 108 000	3 022 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	3 075 000	3 272 000
Total Intangible Assets	11 612 000	5 803 000	4 444 000	4 640 000
Real Eastate	0	0	0	0
Machinery and Plant Facilities	5 564 000	3 044 000	2 810 000	3 638 000
Fixtures	1 954 000	1 766 000	815 000	956 000
Total Tangible Assets	7 518 000	4 810 000	3 625 000	4 594 000
Total Fiancial Fixed Assets	15 994 000	15 891 000	225 000	240 000
Total Fixed Assets	35 124 000	26 504 000	8 294 000	9 474 000
Stock	96 583 000	77 061 000	13 459 000	12 648 000
Total Investments	0	0	0	0
Cash, Bank	80 527 000	125 923 000	26 164 000	21 331 000
Total Current Assets	372 377 000	356 990 000	52 905 000	49 640 000
Total Assets	407 501 000	383 494 000	61 199 000	59 114 000
Total Equity	202 378 000	164 197 000	37 908 000	32 578 000
Short-Term Group Debt	22 182 000	27 424 000	0	0
Total Long-Term Debt	0	33 910 000	2 131 000	2 352 000
Creditors	63 423 000	72 485 000	12 454 000	15 091 000
Unpaid Taxes	11 645 000	11 603 000	0	0
Dividends	0	0	0	0
Other Current Debt	86 203 000	68 722 000	5 726 000	6 862 000
Total Current Debt	205 123 000	185 387 000	21 160 000	24 184 000
Total Equity and Debt	407 501 000	383 494 000	61 199 000	59 114 000

Financial indicators	2022	2021	2020	2019
Return on Equity	38,53 %	21,39 %	18,75 %	9,28 %
Debt-to-Equity Ratio	0	0,21	0,06	0,07
Operating Profit Margin	11,98 %	7,08 %	11,83 %	5,14 %
Current Ratio	1,82	1,93	2,5	2,05
Quick Ratio	3,43	3,3	6,87	4,3
Equity Ratio	0,5	0,43	0,62	0,55
Gross Profit Margin	48,31 %	48,31 %	56,4 %	53,89 %