SELCOTEK COMPOSITES AS

3055 KROKSTADELVA

Finances

Share Ownership

Return on Equity

50,12 %

Current Ratio

2,01

Debt-to-Equity Ratio

Key figures (NOK)	2022	2021	2020	2019
Revenue	13 466 000	11 049 000	11 663 000	9 240 000
Net Income	1 920 000	873 000	1 048 000	549 000
Total Assets	7 613 000	5 178 000	3 994 000	3 664 000
Total Equity	3 831 000	2 711 000	2 588 000	2 240 000

Income (NOK)	2022	2021	2020	2019
Revenue	13 466 000	11 049 000	11 663 000	9 240 000
Expenditure	11 020 000	9 937 000	10 337 000	8 551 000
Operating Profit	2 445 000	1 112 000	1 326 000	689 000
Financial Income	22 000	15 000	23 000	18 000
Financial Costs	3 000	5 000	5 000	2 000
Financial Balance	19 000	10 000	18 000	16 000
Earnings Before Tax	2 465 000	1 122 000	1 344 000	704 000
Tax	545 000	249 000	296 000	155 000
Net Income	1 920 000	873 000	1 048 000	549 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	5 000	5 000	5 000	5 000
Total Current Assets	7 608 000	5 173 000	3 989 000	3 659 000
Total Assets	7 613 000	5 178 000	3 994 000	3 664 000
Total Retained Equity	3 801 000	2 681 000	2 558 000	2 210 000
Total Equity	3 831 000	2 711 000	2 588 000	2 240 000
Total Long-Term Debt	0	21 000	0	11 000
Total Current Debt	3 782 000	2 446 000	1 405 000	1 412 000
Total Equity and Debt	7 613 000	5 178 000	3 994 000	3 664 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	13 466 000	11 049 000	11 663 000	9 145 000
Other Income	0	0	0	95 000
Revenue	13 466 000	11 049 000	11 663 000	9 240 000
Cost of Goods Sold	3 584 000	3 726 000	4 323 000	2 656 000
Salary Costs	5 285 000	4 341 000	4 216 000	4 031 000
Depreciation	0	0	0	0
Impairment	0	0	0	0
Expenditure	11 020 000	9 937 000	10 337 000	8 551 000
Operating Profit	2 445 000	1 112 000	1 326 000	689 000
Financial Income	22 000	15 000	23 000	18 000
Financial Costs	3 000	5 000	5 000	2 000
Financial Balance	19 000	10 000	18 000	16 000
Dividends	0	0	0	0
Net Income	1 920 000	873 000	1 048 000	549 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	0	0	0	0
Real Eastate	0	0	0	0
Machinery and Plant Facilities	0	0	0	0
Fixtures	0	0	0	0
Total Tangible Assets	0	0	0	0
Total Fiancial Fixed Assets	5 000	5 000	5 000	5 000
Total Fixed Assets	5 000	5 000	5 000	5 000
Stock	2 140 000	696 000	693 000	1 869 000
Total Investments	0	0	0	0
Cash, Bank	1 354 000	2 101 000	1 287 000	575 000
Total Current Assets	7 608 000	5 173 000	3 989 000	3 659 000
Total Assets	7 613 000	5 178 000	3 994 000	3 664 000
Total Equity	3 831 000	2 711 000	2 588 000	2 240 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	0	21 000	0	11 000
Creditors	780 000	353 000	264 000	510 000
Unpaid Taxes	1 038 000	574 000	376 000	301 000
Dividends	0	0	0	0
Other Current Debt	599 000	540 000	458 000	448 000
Total Current Debt	3 782 000	2 446 000	1 405 000	1 412 000
Total Equity and Debt	7 613 000	5 178 000	3 994 000	3 664 000

Financial indicators	2022	2021	2020	2019
Return on Equity	50,12 %	32,2 %	40,49 %	24,51 %
Debt-to-Equity Ratio	0	0,01	0	0
Operating Profit Margin	18,16 %	10,06 %	11,37 %	7,46 %
Current Ratio	2,01	2,11	2,84	2,59
Quick Ratio	4,63	2,96	5,6	−8,01
Equity Ratio	0,5	0,52	0,65	0,61
Gross Profit Margin	73,38 %	66,28 %	62,93 %	71,26 %