HYTECH NORSE OFFSHORE AS

4050 SOLA

Finances

Return on Equity

−100,36 %

Current Ratio

1,03

Debt-to-Equity Ratio

Key figures (NOK)	2022	2021	2020	2019
Revenue	94 266 000	84 518 000	50 742 000	44 841 000
Net Income	−1 668 000	226 000	97 000	1 014 000
Total Assets	21 442 000	25 682 000	21 959 000	15 261 000
Total Equity	1 662 000	3 330 000	3 348 000	3 358 000

Income (NOK)	2022	2021	2020	2019
Revenue	94 266 000	84 518 000	50 742 000	44 841 000
Expenditure	96 168 000	83 951 000	50 497 000	44 325 000
Operating Profit	−1 902 000	567 000	245 000	516 000
Financial Income	32 000	21 000	26 000	114 000
Financial Costs	263 000	289 000	140 000	134 000
Financial Balance	−231 000	−268 000	−114 000	−20 000
Earnings Before Tax	−2 133 000	299 000	131 000	496 000
Tax	−465 000	72 000	34 000	−518 000
Net Income	−1 668 000	226 000	97 000	1 014 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	1 099 000	797 000	120 000	152 000
Total Current Assets	20 343 000	24 884 000	21 839 000	15 109 000
Total Assets	21 442 000	25 682 000	21 959 000	15 261 000
Total Retained Equity	−2 511 000	−843 000	−825 000	−815 000
Total Equity	1 662 000	3 330 000	3 348 000	3 358 000
Total Long-Term Debt	0	0	0	0
Total Current Debt	19 780 000	22 352 000	18 611 000	11 904 000
Total Equity and Debt	21 442 000	25 682 000	21 959 000	15 261 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	94 266 000	84 518 000	50 722 000	45 012 000
Other Income	0	0	19 000	−171 000
Revenue	94 266 000	84 518 000	50 742 000	44 841 000
Cost of Goods Sold	1 500 000	31 000	67 000	116 000
Salary Costs	86 050 000	77 960 000	46 648 000	40 212 000
Depreciation	164 000	46 000	59 000	17 000
Impairment	0	0	0	0
Expenditure	96 168 000	83 951 000	50 497 000	44 325 000
Operating Profit	−1 902 000	567 000	245 000	516 000
Financial Income	32 000	21 000	26 000	114 000
Financial Costs	263 000	289 000	140 000	134 000
Financial Balance	−231 000	−268 000	−114 000	−20 000
Dividends	0	0	0	0
Net Income	−1 668 000	226 000	97 000	1 014 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	1 099 000	789 000	76 000	59 000
Real Eastate	0	0	0	0
Machinery and Plant Facilities	0	0	0	0
Fixtures	0	8 000	44 000	93 000
Total Tangible Assets	0	8 000	44 000	93 000
Total Fiancial Fixed Assets	0	0	0	0
Total Fixed Assets	1 099 000	797 000	120 000	152 000
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	5 814 000	6 454 000	5 360 000	4 537 000
Total Current Assets	20 343 000	24 884 000	21 839 000	15 109 000
Total Assets	21 442 000	25 682 000	21 959 000	15 261 000
Total Equity	1 662 000	3 330 000	3 348 000	3 358 000
Short-Term Group Debt	451 000	451 000	137 000	0
Total Long-Term Debt	0	0	0	0
Creditors	783 000	1 023 000	412 000	658 000
Unpaid Taxes	7 197 000	8 185 000	7 795 000	4 408 000
Dividends	0	0	0	0
Other Current Debt	8 670 000	8 879 000	5 742 000	4 191 000
Total Current Debt	19 780 000	22 352 000	18 611 000	11 904 000
Total Equity and Debt	21 442 000	25 682 000	21 959 000	15 261 000

Financial indicators	2022	2021	2020	2019
Return on Equity	−100,36 %	6,79 %	2,9 %	30,2 %
Debt-to-Equity Ratio	0	0	0	0
Operating Profit Margin	−2,02 %	0,67 %	0,48 %	1,15 %
Current Ratio	1,03	1,11	1,17	1,27
Quick Ratio	1,03	1,11	1,17	1,27
Equity Ratio	0,08	0,13	0,15	0,22
Gross Profit Margin	98,41 %	99,96 %	99,87 %	99,74 %