AXTECH AS

6416 MOLDE

Finances

Return on Equity

8,1 %

Current Ratio

1,63

Debt-to-Equity Ratio

0,07

Key figures (NOK)	2022	2021	2020	2019
Revenue	149 371 000	140 380 000	233 569 000	154 974 000
Net Income	4 803 000	−4 671 000	21 593 000	−10 597 000
Total Assets	123 989 000	95 358 000	115 712 000	130 373 000
Total Equity	59 292 000	52 267 000	57 411 000	50 423 000

Income (NOK)	2022	2021	2020	2019
Revenue	149 371 000	140 380 000	233 569 000	154 974 000
Expenditure	141 322 000	143 536 000	207 662 000	168 144 000
Operating Profit	8 049 000	−3 156 000	25 907 000	−13 169 000
Financial Income	396 000	22 000	2 229 000	1 540 000
Financial Costs	2 426 000	2 569 000	1 990 000	2 556 000
Financial Balance	−2 030 000	−2 547 000	239 000	−1 016 000
Earnings Before Tax	6 019 000	−5 703 000	26 146 000	−14 186 000
Tax	1 217 000	−1 031 000	4 553 000	−3 589 000
Net Income	4 803 000	−4 671 000	21 593 000	−10 597 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	25 540 000	30 439 000	40 823 000	47 385 000
Total Current Assets	98 449 000	64 919 000	74 890 000	82 989 000
Total Assets	123 989 000	95 358 000	115 712 000	130 373 000
Total Retained Equity	54 868 000	50 281 000	54 765 000	48 006 000
Total Equity	59 292 000	52 267 000	57 411 000	50 423 000
Total Long-Term Debt	4 335 000	15 508 000	19 244 000	12 154 000
Total Current Debt	60 362 000	27 584 000	39 058 000	67 797 000
Total Equity and Debt	123 989 000	95 358 000	115 712 000	130 373 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	149 371 000	139 864 000	232 806 000	154 974 000
Other Income	0	516 000	763 000	0
Revenue	149 371 000	140 380 000	233 569 000	154 974 000
Cost of Goods Sold	64 486 000	64 101 000	128 449 000	94 864 000
Salary Costs	59 998 000	59 514 000	61 489 000	58 240 000
Depreciation	3 198 000	4 308 000	4 444 000	4 317 000
Impairment	0	0	0	0
Expenditure	141 322 000	143 536 000	207 662 000	168 144 000
Operating Profit	8 049 000	−3 156 000	25 907 000	−13 169 000
Financial Income	396 000	22 000	2 229 000	1 540 000
Financial Costs	2 426 000	2 569 000	1 990 000	2 556 000
Financial Balance	−2 030 000	−2 547 000	239 000	−1 016 000
Dividends	1 071 000	0	7 000 000	0
Net Income	4 803 000	−4 671 000	21 593 000	−10 597 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	4 549 000	5 937 000	4 872 000	9 379 000
Real Eastate	633 000	649 000	665 000	682 000
Machinery and Plant Facilities	16 604 000	18 753 000	19 173 000	20 627 000
Fixtures	2 741 000	4 839 000	8 327 000	10 653 000
Total Tangible Assets	19 979 000	24 241 000	28 165 000	31 961 000
Total Fiancial Fixed Assets	1 013 000	261 000	7 786 000	6 044 000
Total Fixed Assets	25 540 000	30 439 000	40 823 000	47 385 000
Stock	2 157 000	2 943 000	12 555 000	4 274 000
Total Investments	0	0	0	0
Cash, Bank	80 542 000	39 999 000	28 884 000	9 055 000
Total Current Assets	98 449 000	64 919 000	74 890 000	82 989 000
Total Assets	123 989 000	95 358 000	115 712 000	130 373 000
Total Equity	59 292 000	52 267 000	57 411 000	50 423 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	4 335 000	15 508 000	19 244 000	12 154 000
Creditors	9 255 000	6 800 000	10 166 000	6 440 000
Unpaid Taxes	4 323 000	4 716 000	4 741 000	4 701 000
Dividends	1 071 000	0	7 000 000	0
Other Current Debt	45 518 000	12 608 000	13 716 000	40 136 000
Total Current Debt	60 362 000	27 584 000	39 058 000	67 797 000
Total Equity and Debt	123 989 000	95 358 000	115 712 000	130 373 000

Financial indicators	2022	2021	2020	2019
Return on Equity	8,1 %	−8,94 %	37,61 %	−21,02 %
Debt-to-Equity Ratio	0,07	0,3	0,34	0,24
Operating Profit Margin	5,39 %	−2,25 %	11,09 %	−8,5 %
Current Ratio	1,63	2,35	1,92	1,22
Quick Ratio	1,69	2,63	2,83	1,31
Equity Ratio	0,48	0,55	0,5	0,39
Gross Profit Margin	56,83 %	54,34 %	45,01 %	38,79 %