ELTEL NETWORKS AS

0978 OSLO

Finances

Share Ownership

Return on Equity

3,97 %

Current Ratio

1,32

Debt-to-Equity Ratio

Key figures (NOK)	2022	2021	2020	2019
Revenue	1 785 665 000	1 637 678 000	1 984 325 000	2 282 104 000
Net Income	6 931 000	62 907 000	62 965 000	21 243 000
Total Assets	569 084 000	638 940 000	665 195 000	660 949 000
Total Equity	174 780 000	202 850 000	231 761 000	231 761 000

Income (NOK)	2022	2021	2020	2019
Revenue	1 785 665 000	1 637 678 000	1 984 325 000	2 282 104 000
Expenditure	1 770 780 000	1 553 465 000	1 890 394 000	2 210 829 000
Operating Profit	14 885 000	84 213 000	93 931 000	71 275 000
Financial Income	4 008 000	1 205 000	5 013 000	3 677 000
Financial Costs	10 326 000	4 958 000	10 880 000	15 457 000
Financial Balance	−6 318 000	−3 753 000	−5 867 000	−11 780 000
Earnings Before Tax	8 567 000	80 460 000	88 064 000	59 495 000
Tax	1 636 000	17 553 000	25 099 000	38 252 000
Net Income	6 931 000	62 907 000	62 965 000	21 243 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	48 794 000	61 963 000	79 074 000	132 162 000
Total Current Assets	520 290 000	576 977 000	586 121 000	528 787 000
Total Assets	569 084 000	638 940 000	665 195 000	660 949 000
Total Retained Equity	841 000	28 911 000	57 822 000	57 822 000
Total Equity	174 780 000	202 850 000	231 761 000	231 761 000
Total Long-Term Debt	66 000	6 005 000	2 252 000	2 311 000
Total Current Debt	394 238 000	430 085 000	431 182 000	426 877 000
Total Equity and Debt	569 084 000	638 940 000	665 195 000	660 949 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	1 785 234 000	1 636 948 000	1 976 329 000	2 275 462 000
Other Income	431 000	730 000	7 996 000	6 642 000
Revenue	1 785 665 000	1 637 678 000	1 984 325 000	2 282 104 000
Cost of Goods Sold	781 447 000	610 047 000	850 113 000	1 150 275 000
Salary Costs	710 533 000	676 523 000	714 345 000	738 141 000
Depreciation	19 519 000	16 874 000	54 856 000	57 651 000
Impairment	0	0	0	0
Expenditure	1 770 780 000	1 553 465 000	1 890 394 000	2 210 829 000
Operating Profit	14 885 000	84 213 000	93 931 000	71 275 000
Financial Income	4 008 000	1 205 000	5 013 000	3 677 000
Financial Costs	10 326 000	4 958 000	10 880 000	15 457 000
Financial Balance	−6 318 000	−3 753 000	−5 867 000	−11 780 000
Dividends	35 000 000	91 818 000	62 965 000	0
Net Income	6 931 000	62 907 000	62 965 000	21 243 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	28 480 000
Total Intangible Assets	35 769 000	44 886 000	58 192 000	105 591 000
Real Eastate	0	0	0	0
Machinery and Plant Facilities	6 441 000	5 893 000	4 159 000	9 585 000
Fixtures	6 584 000	11 184 000	16 723 000	14 878 000
Total Tangible Assets	13 025 000	17 077 000	20 882 000	24 463 000
Total Fiancial Fixed Assets	0	0	0	2 108 000
Total Fixed Assets	48 794 000	61 963 000	79 074 000	132 162 000
Stock	13 587 000	11 227 000	10 136 000	10 801 000
Total Investments	0	0	0	0
Cash, Bank	20 000	3 861 000	2 214 000	4 463 000
Total Current Assets	520 290 000	576 977 000	586 121 000	528 787 000
Total Assets	569 084 000	638 940 000	665 195 000	660 949 000
Total Equity	174 780 000	202 850 000	231 761 000	231 761 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	66 000	6 005 000	2 252 000	2 311 000
Creditors	141 712 000	118 830 000	109 863 000	172 607 000
Unpaid Taxes	87 397 000	86 207 000	110 847 000	94 336 000
Dividends	35 000 000	91 818 000	62 965 000	0
Other Current Debt	124 666 000	127 625 000	129 788 000	140 630 000
Total Current Debt	394 238 000	430 085 000	431 182 000	426 877 000
Total Equity and Debt	569 084 000	638 940 000	665 195 000	660 949 000

Financial indicators	2022	2021	2020	2019
Return on Equity	3,97 %	31,01 %	27,17 %	9,17 %
Debt-to-Equity Ratio	0	0,03	0,01	0,01
Operating Profit Margin	0,83 %	5,14 %	4,73 %	3,12 %
Current Ratio	1,32	1,34	1,36	1,24
Quick Ratio	1,37	1,38	1,39	1,27
Equity Ratio	0,31	0,32	0,35	0,35
Gross Profit Margin	56,24 %	62,75 %	57,16 %	49,6 %