CUETECH AS

2170 FENSTAD

Finances

Share Ownership

Return on Equity

95,02 %

Current Ratio

1,48

Debt-to-Equity Ratio

0,08

Key figures (NOK)	2022	2021	2020	2019
Revenue	7 350 000	6 171 000	3 392 000	5 058 000
Net Income	1 107 000	435 000	−115 000	216 000
Total Assets	2 555 000	2 464 000	1 593 000	1 855 000
Total Equity	1 165 000	658 000	1 223 000	1 339 000

Income (NOK)	2022	2021	2020	2019
Revenue	7 350 000	6 171 000	3 392 000	5 058 000
Expenditure	5 928 000	5 613 000	3 538 000	4 744 000
Operating Profit	1 421 000	558 000	−146 000	314 000
Financial Income	0	0	0	0
Financial Costs	2 000	0	1 000	1 000
Financial Balance	−2 000	0	−1 000	−1 000
Earnings Before Tax	1 420 000	557 000	−147 000	313 000
Tax	312 000	123 000	−32 000	97 000
Net Income	1 107 000	435 000	−115 000	216 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	639 000	959 000	1 146 000	1 412 000
Total Current Assets	1 916 000	1 505 000	446 000	442 000
Total Assets	2 555 000	2 464 000	1 593 000	1 855 000
Total Retained Equity	1 135 000	628 000	1 193 000	1 309 000
Total Equity	1 165 000	658 000	1 223 000	1 339 000
Total Long-Term Debt	93 000	0	7 000	18 000
Total Current Debt	1 296 000	1 806 000	362 000	498 000
Total Equity and Debt	2 555 000	2 464 000	1 593 000	1 855 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	7 454 000	5 791 000	3 279 000	5 058 000
Other Income	−105 000	379 000	113 000	0
Revenue	7 350 000	6 171 000	3 392 000	5 058 000
Cost of Goods Sold	2 353 000	2 287 000	1 292 000	2 115 000
Salary Costs	1 803 000	1 243 000	900 000	929 000
Depreciation	474 000	568 000	322 000	548 000
Impairment	0	0	0	0
Expenditure	5 928 000	5 613 000	3 538 000	4 744 000
Operating Profit	1 421 000	558 000	−146 000	314 000
Financial Income	0	0	0	0
Financial Costs	2 000	0	1 000	1 000
Financial Balance	−2 000	0	−1 000	−1 000
Dividends	0	0	0	0
Net Income	1 107 000	435 000	−115 000	216 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	106 000	56 000	0	0
Real Eastate	0	0	0	0
Machinery and Plant Facilities	0	0	0	0
Fixtures	533 000	903 000	1 146 000	1 412 000
Total Tangible Assets	533 000	903 000	1 146 000	1 412 000
Total Fiancial Fixed Assets	0	0	0	0
Total Fixed Assets	639 000	959 000	1 146 000	1 412 000
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	728 000	909 000	363 000	149 000
Total Current Assets	1 916 000	1 505 000	446 000	442 000
Total Assets	2 555 000	2 464 000	1 593 000	1 855 000
Total Equity	1 165 000	658 000	1 223 000	1 339 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	93 000	0	7 000	18 000
Creditors	112 000	62 000	26 000	36 000
Unpaid Taxes	501 000	626 000	239 000	240 000
Dividends	0	0	0	0
Other Current Debt	321 000	932 000	98 000	97 000
Total Current Debt	1 296 000	1 806 000	362 000	498 000
Total Equity and Debt	2 555 000	2 464 000	1 593 000	1 855 000

Financial indicators	2022	2021	2020	2019
Return on Equity	95,02 %	66,11 %	−9,4 %	16,13 %
Debt-to-Equity Ratio	0,08	0	0,01	0,01
Operating Profit Margin	19,33 %	9,04 %	−4,3 %	6,21 %
Current Ratio	1,48	0,83	1,23	0,89
Quick Ratio	1,48	0,83	1,23	0,89
Equity Ratio	0,46	0,27	0,77	0,72
Gross Profit Margin	67,99 %	62,94 %	61,91 %	58,19 %