CIRATECH AS

6017 ÅLESUND

Finances

Return on Equity

33,69 %

Current Ratio

3,42

Debt-to-Equity Ratio

Key figures (NOK)	2022	2021	2020	2019
Revenue	1 166 000	2 087 000	1 911 000	302 000
Net Income	159 000	235 000	148 000	14 000
Total Assets	666 000	736 000	637 000	208 000
Total Equity	472 000	313 000	179 000	31 000

Income (NOK)	2022	2021	2020	2019
Revenue	1 166 000	2 087 000	1 911 000	302 000
Expenditure	905 000	1 768 000	1 720 000	282 000
Operating Profit	261 000	320 000	192 000	18 000
Financial Income	22 000	20 000	43 000	0
Financial Costs	66 000	40 000	45 000	0
Financial Balance	−44 000	−20 000	−2 000	0
Earnings Before Tax	217 000	301 000	190 000	18 000
Tax	58 000	66 000	42 000	4 000
Net Income	159 000	235 000	148 000	14 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	0	0	0	0
Total Current Assets	666 000	736 000	637 000	208 000
Total Assets	666 000	736 000	637 000	208 000
Total Retained Equity	442 000	283 000	149 000	1 000
Total Equity	472 000	313 000	179 000	31 000
Total Long-Term Debt	0	0	40 000	40 000
Total Current Debt	195 000	423 000	419 000	138 000
Total Equity and Debt	666 000	736 000	637 000	208 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	1 166 000	2 087 000	1 911 000	302 000
Other Income	0	0	0	0
Revenue	1 166 000	2 087 000	1 911 000	302 000
Cost of Goods Sold	180 000	223 000	537 000	207 000
Salary Costs	609 000	1 294 000	971 000	5 000
Depreciation	0	0	0	−39 000
Impairment	0	0	0	0
Expenditure	905 000	1 768 000	1 720 000	282 000
Operating Profit	261 000	320 000	192 000	18 000
Financial Income	22 000	20 000	43 000	0
Financial Costs	66 000	40 000	45 000	0
Financial Balance	−44 000	−20 000	−2 000	0
Dividends	0	100 000	0	0
Net Income	159 000	235 000	148 000	14 000

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	0	0	0	0
Total Fixed Assets	0	0	0	0
Stock	0	0	0	3 000
Total Investments	40 000	83 000	0	0
Cash, Bank	493 000	420 000	312 000	58 000
Total Current Assets	666 000	736 000	637 000	208 000
Total Assets	666 000	736 000	637 000	208 000
Total Equity	472 000	313 000	179 000	31 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	0	0	40 000	40 000
Creditors	44 000	45 000	19 000	81 000
Unpaid Taxes	38 000	163 000	234 000	28 000
Dividends	0	100 000	0	0
Other Current Debt	54 000	149 000	123 000	27 000
Total Current Debt	195 000	423 000	419 000	138 000
Total Equity and Debt	666 000	736 000	637 000	208 000

Financial indicators	2022	2021	2020	2019
Return on Equity	33,69 %	75,08 %	82,68 %	45,16 %
Debt-to-Equity Ratio	0	0	0,22	1,29
Operating Profit Margin	22,38 %	15,33 %	10,05 %	5,96 %
Current Ratio	3,42	1,74	1,52	1,51
Quick Ratio	3,42	1,74	1,52	1,54
Equity Ratio	0,71	0,43	0,28	0,15
Gross Profit Margin	84,56 %	89,31 %	71,9 %	31,46 %