HITECH ENERGY AS

3538 SOLLIHØGDA

Finances

Return on Equity

10,57 %

Current Ratio

0,69

Debt-to-Equity Ratio

2,28

Key figures (NOK)	2022	2021	2020	2019
Revenue	62 520 000	51 541 000	42 627 000	47 324 000
Net Income	701 000	1 047 000	1 506 000	1 861 000
Total Assets	33 085 000	32 722 000	34 640 000	31 112 000
Total Equity	6 632 000	5 931 000	7 234 000	6 703 000

Income (NOK)	2022	2021	2020	2019
Revenue	62 520 000	51 541 000	42 627 000	47 324 000
Expenditure	60 527 000	49 266 000	40 030 000	44 238 000
Operating Profit	1 993 000	2 274 000	2 596 000	3 087 000
Financial Income	8 000	8 000	74 000	27 000
Financial Costs	1 097 000	931 000	739 000	726 000
Financial Balance	−1 089 000	−923 000	−665 000	−699 000
Earnings Before Tax	903 000	1 352 000	1 931 000	2 388 000
Tax	202 000	305 000	425 000	527 000
Net Income	701 000	1 047 000	1 506 000	1 861 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	25 224 000	28 160 000	23 516 000	21 734 000
Total Current Assets	7 861 000	4 563 000	11 124 000	9 378 000
Total Assets	33 085 000	32 722 000	34 640 000	31 112 000
Total Retained Equity	4 775 000	4 074 000	5 377 000	3 871 000
Total Equity	6 632 000	5 931 000	7 234 000	6 703 000
Total Long-Term Debt	15 111 000	19 683 000	19 332 000	16 085 000
Total Current Debt	11 342 000	7 109 000	8 074 000	8 324 000
Total Equity and Debt	33 085 000	32 722 000	34 640 000	31 112 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	62 302 000	51 274 000	42 268 000	47 323 000
Other Income	218 000	267 000	359 000	1 000
Revenue	62 520 000	51 541 000	42 627 000	47 324 000
Cost of Goods Sold	28 450 000	18 735 000	13 896 000	18 644 000
Salary Costs	17 783 000	17 248 000	14 158 000	14 387 000
Depreciation	2 984 000	2 838 000	2 340 000	1 949 000
Impairment	0	0	0	0
Expenditure	60 527 000	49 266 000	40 030 000	44 238 000
Operating Profit	1 993 000	2 274 000	2 596 000	3 087 000
Financial Income	8 000	8 000	74 000	27 000
Financial Costs	1 097 000	931 000	739 000	726 000
Financial Balance	−1 089 000	−923 000	−665 000	−699 000
Dividends	0	0	0	0
Net Income	701 000	1 047 000	1 506 000	1 861 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	0	0	275 000	700 000
Real Eastate	0	0	0	0
Machinery and Plant Facilities	11 605 000	12 555 000	13 903 000	10 763 000
Fixtures	13 155 000	15 141 000	8 889 000	9 822 000
Total Tangible Assets	24 760 000	27 696 000	22 792 000	20 585 000
Total Fiancial Fixed Assets	464 000	464 000	449 000	449 000
Total Fixed Assets	25 224 000	28 160 000	23 516 000	21 734 000
Stock	2 263 000	1 683 000	1 628 000	1 353 000
Total Investments	0	0	0	0
Cash, Bank	2 548 000	877 000	1 638 000	3 830 000
Total Current Assets	7 861 000	4 563 000	11 124 000	9 378 000
Total Assets	33 085 000	32 722 000	34 640 000	31 112 000
Total Equity	6 632 000	5 931 000	7 234 000	6 703 000
Short-Term Group Debt	0	15 000	0	0
Total Long-Term Debt	15 111 000	19 683 000	19 332 000	16 085 000
Creditors	5 797 000	3 015 000	3 226 000	2 980 000
Unpaid Taxes	3 522 000	1 414 000	2 386 000	2 011 000
Dividends	0	0	0	0
Other Current Debt	1 886 000	2 358 000	1 704 000	3 333 000
Total Current Debt	11 342 000	7 109 000	8 074 000	8 324 000
Total Equity and Debt	33 085 000	32 722 000	34 640 000	31 112 000

Financial indicators	2022	2021	2020	2019
Return on Equity	10,57 %	17,65 %	20,82 %	27,76 %
Debt-to-Equity Ratio	2,28	3,32	2,67	2,4
Operating Profit Margin	3,19 %	4,41 %	6,09 %	6,52 %
Current Ratio	0,69	0,64	1,38	1,13
Quick Ratio	0,87	0,84	1,73	1,35
Equity Ratio	0,2	0,18	0,21	0,22
Gross Profit Margin	54,49 %	63,65 %	67,4 %	60,6 %