TIMECH AS

4344 BRYNE

Finances

Share Ownership

Return on Equity

29,35 %

Current Ratio

1,99

Debt-to-Equity Ratio

0,3

Key figures (NOK)	2022	2021	2020	2019
Revenue	10 389 000	7 887 000	7 360 000	9 630 000
Net Income	655 000	362 000	170 000	738 000
Total Assets	4 549 000	3 351 000	3 466 000	4 235 000
Total Equity	2 232 000	1 977 000	2 214 000	2 294 000

Income (NOK)	2022	2021	2020	2019
Revenue	10 389 000	7 887 000	7 360 000	9 630 000
Expenditure	9 529 000	7 416 000	7 120 000	8 623 000
Operating Profit	860 000	470 000	241 000	1 008 000
Financial Income	5 000	1 000	2 000	1 000
Financial Costs	20 000	5 000	23 000	55 000
Financial Balance	−15 000	−4 000	−21 000	−54 000
Earnings Before Tax	844 000	466 000	220 000	954 000
Tax	189 000	103 000	49 000	216 000
Net Income	655 000	362 000	170 000	738 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	1 272 000	851 000	738 000	1 027 000
Total Current Assets	3 277 000	2 499 000	2 728 000	3 208 000
Total Assets	4 549 000	3 351 000	3 466 000	4 235 000
Total Retained Equity	2 030 000	1 775 000	1 762 000	1 592 000
Total Equity	2 232 000	1 977 000	2 214 000	2 294 000
Total Long-Term Debt	672 000	0	159 000	929 000
Total Current Debt	1 645 000	1 374 000	1 092 000	1 012 000
Total Equity and Debt	4 549 000	3 351 000	3 466 000	4 235 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	10 389 000	7 887 000	7 360 000	9 630 000
Other Income	0	0	0	0
Revenue	10 389 000	7 887 000	7 360 000	9 630 000
Cost of Goods Sold	4 140 000	2 595 000	2 171 000	3 405 000
Salary Costs	2 922 000	2 487 000	2 577 000	2 567 000
Depreciation	253 000	147 000	105 000	160 000
Impairment	0	0	0	0
Expenditure	9 529 000	7 416 000	7 120 000	8 623 000
Operating Profit	860 000	470 000	241 000	1 008 000
Financial Income	5 000	1 000	2 000	1 000
Financial Costs	20 000	5 000	23 000	55 000
Financial Balance	−15 000	−4 000	−21 000	−54 000
Dividends	400 000	600 000	250 000	0
Net Income	655 000	362 000	170 000	738 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	16 000	23 000	32 000	35 000
Real Eastate	0	0	0	0
Machinery and Plant Facilities	918 000	346 000	0	0
Fixtures	151 000	229 000	321 000	348 000
Total Tangible Assets	1 069 000	574 000	321 000	348 000
Total Fiancial Fixed Assets	187 000	254 000	385 000	644 000
Total Fixed Assets	1 272 000	851 000	738 000	1 027 000
Stock	613 000	577 000	220 000	112 000
Total Investments	0	0	0	0
Cash, Bank	2 081 000	1 139 000	1 836 000	1 967 000
Total Current Assets	3 277 000	2 499 000	2 728 000	3 208 000
Total Assets	4 549 000	3 351 000	3 466 000	4 235 000
Total Equity	2 232 000	1 977 000	2 214 000	2 294 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	672 000	0	159 000	929 000
Creditors	503 000	487 000	353 000	296 000
Unpaid Taxes	309 000	200 000	231 000	276 000
Dividends	400 000	600 000	250 000	0
Other Current Debt	252 000	242 000	212 000	217 000
Total Current Debt	1 645 000	1 374 000	1 092 000	1 012 000
Total Equity and Debt	4 549 000	3 351 000	3 466 000	4 235 000

Financial indicators	2022	2021	2020	2019
Return on Equity	29,35 %	18,31 %	7,68 %	32,17 %
Debt-to-Equity Ratio	0,3	0	0,07	0,4
Operating Profit Margin	8,28 %	5,96 %	3,27 %	10,47 %
Current Ratio	1,99	1,82	2,5	3,17
Quick Ratio	3,18	3,14	3,13	3,56
Equity Ratio	0,49	0,59	0,64	0,54
Gross Profit Margin	60,15 %	67,1 %	70,5 %	64,64 %