ETT AS

7083 LEINSTRAND

Finances

Share Ownership

Return on Equity

8,08 %

Current Ratio

2,43

Debt-to-Equity Ratio

0,75

Key figures (NOK)	2022	2021	2020	2019
Revenue	3 622 000	1 500 000	1 511 000	679 000
Net Income	80 000	103 000	336 000	123 000
Total Assets	2 525 000	1 251 000	1 046 000	725 000
Total Equity	990 000	910 000	806 000	470 000

Income (NOK)	2022	2021	2020	2019
Revenue	3 622 000	1 500 000	1 511 000	679 000
Expenditure	3 501 000	1 362 000	1 067 000	522 000
Operating Profit	121 000	138 000	444 000	159 000
Financial Income	0	0	0	0
Financial Costs	19 000	6 000	13 000	2 000
Financial Balance	−19 000	−6 000	−13 000	−2 000
Earnings Before Tax	103 000	133 000	431 000	157 000
Tax	23 000	29 000	95 000	35 000
Net Income	80 000	103 000	336 000	123 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	585 000	476 000	463 000	440 000
Total Current Assets	1 940 000	775 000	582 000	285 000
Total Assets	2 525 000	1 251 000	1 046 000	725 000
Total Retained Equity	960 000	880 000	776 000	440 000
Total Equity	990 000	910 000	806 000	470 000
Total Long-Term Debt	739 000	24 000	25 000	16 000
Total Current Debt	797 000	318 000	215 000	239 000
Total Equity and Debt	2 525 000	1 251 000	1 046 000	725 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	3 552 000	1 448 000	1 318 000	679 000
Other Income	70 000	52 000	193 000	0
Revenue	3 622 000	1 500 000	1 511 000	679 000
Cost of Goods Sold	1 671 000	123 000	303 000	4 000
Salary Costs	217 000	11 000	3 000	1 000
Depreciation	114 000	67 000	61 000	57 000
Impairment	0	0	0	0
Expenditure	3 501 000	1 362 000	1 067 000	522 000
Operating Profit	121 000	138 000	444 000	159 000
Financial Income	0	0	0	0
Financial Costs	19 000	6 000	13 000	2 000
Financial Balance	−19 000	−6 000	−13 000	−2 000
Dividends	0	0	0	0
Net Income	80 000	103 000	336 000	123 000

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	194 000	151 000	209 000	121 000
Fixtures	225 000	64 000	0	89 000
Total Tangible Assets	419 000	215 000	209 000	211 000
Total Fiancial Fixed Assets	166 000	261 000	254 000	229 000
Total Fixed Assets	585 000	476 000	463 000	440 000
Stock	920 000	21 000	51 000	0
Total Investments	0	0	0	0
Cash, Bank	558 000	169 000	185 000	113 000
Total Current Assets	1 940 000	775 000	582 000	285 000
Total Assets	2 525 000	1 251 000	1 046 000	725 000
Total Equity	990 000	910 000	806 000	470 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	739 000	24 000	25 000	16 000
Creditors	537 000	85 000	71 000	32 000
Unpaid Taxes	102 000	88 000	−29 000	42 000
Dividends	0	0	0	0
Other Current Debt	143 000	114 000	86 000	126 000
Total Current Debt	797 000	318 000	215 000	239 000
Total Equity and Debt	2 525 000	1 251 000	1 046 000	725 000

Financial indicators	2022	2021	2020	2019
Return on Equity	8,08 %	11,32 %	41,69 %	26,17 %
Debt-to-Equity Ratio	0,75	0,03	0,03	0,03
Operating Profit Margin	3,34 %	9,2 %	29,38 %	23,42 %
Current Ratio	2,43	2,44	2,71	1,19
Quick Ratio	−15,77	2,61	3,55	1,19
Equity Ratio	0,39	0,73	0,77	0,65
Gross Profit Margin	53,87 %	91,8 %	79,95 %	99,41 %