OFOTECH AS

8517 NARVIK

Finances

Share Ownership

Return on Equity

9,53 %

Current Ratio

3,66

Debt-to-Equity Ratio

Key figures (NOK)	2022	2021	2020	2019
Revenue	991 000	1 008 000	1 064 000	1 227 000
Net Income	115 000	115 000	79 000	133 000
Total Assets	1 657 000	1 396 000	1 179 000	1 243 000
Total Equity	1 207 000	1 092 000	977 000	897 000

Income (NOK)	2022	2021	2020	2019
Revenue	991 000	1 008 000	1 064 000	1 227 000
Expenditure	876 000	892 000	985 000	1 093 000
Operating Profit	115 000	115 000	79 000	133 000
Financial Income	0	0	0	0
Financial Costs	0	0	0	0
Financial Balance	0	0	0	0
Earnings Before Tax	115 000	115 000	79 000	133 000
Tax	0	0	0	0
Net Income	115 000	115 000	79 000	133 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	9 000	23 000	46 000	69 000
Total Current Assets	1 648 000	1 373 000	1 133 000	1 174 000
Total Assets	1 657 000	1 396 000	1 179 000	1 243 000
Total Retained Equity	−983 000	−1 098 000	−1 214 000	−1 293 000
Total Equity	1 207 000	1 092 000	977 000	897 000
Total Long-Term Debt	0	0	0	0
Total Current Debt	450 000	304 000	203 000	345 000
Total Equity and Debt	1 657 000	1 396 000	1 179 000	1 243 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	991 000	1 008 000	1 064 000	1 100 000
Other Income	0	0	0	127 000
Revenue	991 000	1 008 000	1 064 000	1 227 000
Cost of Goods Sold	14 000	201 000	463 000	129 000
Salary Costs	599 000	425 000	465 000	547 000
Depreciation	14 000	23 000	23 000	21 000
Impairment	0	0	0	0
Expenditure	876 000	892 000	985 000	1 093 000
Operating Profit	115 000	115 000	79 000	133 000
Financial Income	0	0	0	0
Financial Costs	0	0	0	0
Financial Balance	0	0	0	0
Dividends	0	0	0	0
Net Income	115 000	115 000	79 000	133 000

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	9 000	23 000	38 000	52 000
Fixtures	0	0	9 000	17 000
Total Tangible Assets	9 000	23 000	46 000	69 000
Total Fiancial Fixed Assets	0	0	0	0
Total Fixed Assets	9 000	23 000	46 000	69 000
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	778 000	553 000	322 000	234 000
Total Current Assets	1 648 000	1 373 000	1 133 000	1 174 000
Total Assets	1 657 000	1 396 000	1 179 000	1 243 000
Total Equity	1 207 000	1 092 000	977 000	897 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	0	0	0	0
Creditors	187 000	4 000	8 000	7 000
Unpaid Taxes	45 000	77 000	53 000	71 000
Dividends	0	0	0	0
Other Current Debt	218 000	223 000	142 000	267 000
Total Current Debt	450 000	304 000	203 000	345 000
Total Equity and Debt	1 657 000	1 396 000	1 179 000	1 243 000

Financial indicators	2022	2021	2020	2019
Return on Equity	9,53 %	10,53 %	8,09 %	14,83 %
Debt-to-Equity Ratio	0	0	0	0
Operating Profit Margin	11,6 %	11,41 %	7,42 %	10,84 %
Current Ratio	3,66	4,52	5,58	3,4
Quick Ratio	3,66	4,52	5,58	3,4
Equity Ratio	0,73	0,78	0,83	0,72
Gross Profit Margin	98,59 %	80,06 %	56,48 %	89,49 %