ELEKTROPANEL AS

3261 LARVIK

Finances

Share Ownership

Return on Equity

−13,19 %

Current Ratio

2,95

Debt-to-Equity Ratio

Key figures (NOK)	2022	2021	2020	2019
Revenue	1 689 000	2 043 000	2 002 000	1 515 000
Net Income	−107 000	359 000	299 000	266 000
Total Assets	1 216 000	1 481 000	1 333 000	669 000
Total Equity	811 000	918 000	559 000	260 000

Income (NOK)	2022	2021	2020	2019
Revenue	1 689 000	2 043 000	2 002 000	1 515 000
Expenditure	1 800 000	1 586 000	1 637 000	1 249 000
Operating Profit	−111 000	456 000	365 000	266 000
Financial Income	1 000	0	0	0
Financial Costs	0	0	0	0
Financial Balance	1 000	0	0	0
Earnings Before Tax	−111 000	456 000	365 000	266 000
Tax	−4 000	97 000	66 000	0
Net Income	−107 000	359 000	299 000	266 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	22 000	184 000	184 000	0
Total Current Assets	1 194 000	1 297 000	1 149 000	669 000
Total Assets	1 216 000	1 481 000	1 333 000	669 000
Total Retained Equity	711 000	818 000	459 000	160 000
Total Equity	811 000	918 000	559 000	260 000
Total Long-Term Debt	0	7 000	0	0
Total Current Debt	405 000	556 000	775 000	409 000
Total Equity and Debt	1 216 000	1 481 000	1 333 000	669 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	1 689 000	2 043 000	1 994 000	1 515 000
Other Income	0	0	8 000	0
Revenue	1 689 000	2 043 000	2 002 000	1 515 000
Cost of Goods Sold	347 000	450 000	420 000	324 000
Salary Costs	970 000	811 000	849 000	636 000
Depreciation	162 000	0	81 000	0
Impairment	0	0	0	0
Expenditure	1 800 000	1 586 000	1 637 000	1 249 000
Operating Profit	−111 000	456 000	365 000	266 000
Financial Income	1 000	0	0	0
Financial Costs	0	0	0	0
Financial Balance	1 000	0	0	0
Dividends	0	0	0	0
Net Income	−107 000	359 000	299 000	266 000

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	22 000	184 000	184 000	0
Total Tangible Assets	22 000	184 000	184 000	0
Total Fiancial Fixed Assets	0	0	0	0
Total Fixed Assets	22 000	184 000	184 000	0
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	1 137 000	219 000	701 000	333 000
Total Current Assets	1 194 000	1 297 000	1 149 000	669 000
Total Assets	1 216 000	1 481 000	1 333 000	669 000
Total Equity	811 000	918 000	559 000	260 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	0	7 000	0	0
Creditors	3 000	5 000	2 000	24 000
Unpaid Taxes	273 000	259 000	252 000	105 000
Dividends	0	0	0	0
Other Current Debt	125 000	202 000	455 000	280 000
Total Current Debt	405 000	556 000	775 000	409 000
Total Equity and Debt	1 216 000	1 481 000	1 333 000	669 000

Financial indicators	2022	2021	2020	2019
Return on Equity	−13,19 %	39,11 %	53,49 %	102,31 %
Debt-to-Equity Ratio	0	0,01	0	0
Operating Profit Margin	−6,57 %	22,32 %	18,23 %	17,56 %
Current Ratio	2,95	2,33	1,48	1,64
Quick Ratio	2,95	2,33	1,48	1,64
Equity Ratio	0,67	0,62	0,42	0,39
Gross Profit Margin	79,46 %	77,97 %	79,02 %	78,61 %