TVEIT ELEKTRO AS

4400 FLEKKEFJORD

Finances

Share Ownership

Return on Equity

12,76 %

Current Ratio

7,81

Debt-to-Equity Ratio

0,09

Key figures (NOK)	2022	2021	2020	2019
Revenue	25 593 000	24 443 000	22 894 000	20 319 000
Net Income	2 060 000	2 157 000	1 276 000	1 842 000
Total Assets	20 115 000	17 371 000	15 011 000	13 748 000
Total Equity	16 148 000	14 087 000	11 931 000	10 655 000

Income (NOK)	2022	2021	2020	2019
Revenue	25 593 000	24 443 000	22 894 000	20 319 000
Expenditure	22 902 000	21 667 000	21 211 000	17 947 000
Operating Profit	2 690 000	2 776 000	1 682 000	2 372 000
Financial Income	18 000	9 000	10 000	22 000
Financial Costs	66 000	20 000	56 000	32 000
Financial Balance	−48 000	−11 000	−46 000	−10 000
Earnings Before Tax	2 642 000	2 765 000	1 636 000	2 362 000
Tax	581 000	608 000	360 000	520 000
Net Income	2 060 000	2 157 000	1 276 000	1 842 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	92 000	127 000	48 000	49 000
Total Current Assets	20 024 000	17 244 000	14 963 000	13 699 000
Total Assets	20 115 000	17 371 000	15 011 000	13 748 000
Total Retained Equity	15 898 000	13 837 000	11 681 000	10 405 000
Total Equity	16 148 000	14 087 000	11 931 000	10 655 000
Total Long-Term Debt	1 403 000	1 328 000	1 294 000	1 159 000
Total Current Debt	2 564 000	1 956 000	1 786 000	1 934 000
Total Equity and Debt	20 115 000	17 371 000	15 011 000	13 748 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	25 593 000	24 443 000	22 894 000	20 319 000
Other Income	0	0	0	0
Revenue	25 593 000	24 443 000	22 894 000	20 319 000
Cost of Goods Sold	20 915 000	19 444 000	19 152 000	15 893 000
Salary Costs	1 262 000	1 485 000	1 386 000	1 326 000
Depreciation	40 000	20 000	0	0
Impairment	0	0	0	0
Expenditure	22 902 000	21 667 000	21 211 000	17 947 000
Operating Profit	2 690 000	2 776 000	1 682 000	2 372 000
Financial Income	18 000	9 000	10 000	22 000
Financial Costs	66 000	20 000	56 000	32 000
Financial Balance	−48 000	−11 000	−46 000	−10 000
Dividends	0	0	0	0
Net Income	2 060 000	2 157 000	1 276 000	1 842 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	52 000	47 000	48 000	49 000
Real Eastate	0	0	0	0
Machinery and Plant Facilities	0	0	0	0
Fixtures	40 000	80 000	0	0
Total Tangible Assets	40 000	80 000	0	0
Total Fiancial Fixed Assets	0	0	0	0
Total Fixed Assets	92 000	127 000	48 000	49 000
Stock	2 428 000	2 609 000	2 104 000	2 002 000
Total Investments	0	0	0	0
Cash, Bank	11 001 000	10 312 000	9 275 000	5 641 000
Total Current Assets	20 024 000	17 244 000	14 963 000	13 699 000
Total Assets	20 115 000	17 371 000	15 011 000	13 748 000
Total Equity	16 148 000	14 087 000	11 931 000	10 655 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	1 403 000	1 328 000	1 294 000	1 159 000
Creditors	1 232 000	941 000	938 000	909 000
Unpaid Taxes	547 000	180 000	237 000	192 000
Dividends	0	0	0	0
Other Current Debt	199 000	227 000	252 000	293 000
Total Current Debt	2 564 000	1 956 000	1 786 000	1 934 000
Total Equity and Debt	20 115 000	17 371 000	15 011 000	13 748 000

Financial indicators	2022	2021	2020	2019
Return on Equity	12,76 %	15,31 %	10,69 %	17,29 %
Debt-to-Equity Ratio	0,09	0,09	0,11	0,11
Operating Profit Margin	10,51 %	11,36 %	7,35 %	11,67 %
Current Ratio	7,81	8,82	8,38	7,08
Quick Ratio	147,24	−26,41	−47,05	−201,46
Equity Ratio	0,8	0,81	0,79	0,78
Gross Profit Margin	18,28 %	20,45 %	16,34 %	21,78 %