UNITECH ENERGY RESEARCH & DEVELOPMENT CENTER AS

5411 STORD

Finances

Return on Equity

17,4 %

Current Ratio

0,46

Debt-to-Equity Ratio

0,39

Key figures (NOK)	2022	2021	2020	2019
Revenue	30 425 000	10 344 000	7 915 000	5 902 000
Net Income	967 000	3 683 000	3 057 000	−18 000
Total Assets	29 613 000	28 342 000	26 023 000	18 970 000
Total Equity	5 558 000	4 696 000	1 014 000	1 030 000

Income (NOK)	2022	2021	2020	2019
Revenue	30 425 000	10 344 000	7 915 000	5 902 000
Expenditure	5 917 000	5 539 000	3 915 000	5 847 000
Operating Profit	1 316 000	4 805 000	3 999 000	55 000
Financial Income	0	0	0	0
Financial Costs	75 000	83 000	80 000	78 000
Financial Balance	−75 000	−83 000	−80 000	−78 000
Earnings Before Tax	1 240 000	4 722 000	3 919 000	−23 000
Tax	273 000	1 039 000	862 000	−5 000
Net Income	967 000	3 683 000	3 057 000	−18 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	19 602 000	22 077 000	19 623 000	16 556 000
Total Current Assets	10 011 000	6 264 000	6 401 000	2 413 000
Total Assets	29 613 000	28 342 000	26 023 000	18 970 000
Total Retained Equity	3 660 000	3 696 000	14 000	30 000
Total Equity	5 558 000	4 696 000	1 014 000	1 030 000
Total Long-Term Debt	2 175 000	2 182 000	2 354 000	2 278 000
Total Current Debt	21 880 000	21 463 000	22 656 000	15 662 000
Total Equity and Debt	29 613 000	28 342 000	26 023 000	18 970 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	29 797 000	10 344 000	7 915 000	5 902 000
Other Income	628 000	0	0	0
Revenue	30 425 000	10 344 000	7 915 000	5 902 000
Cost of Goods Sold	0	0	0	0
Salary Costs	3 406 000	4 511 000	3 005 000	5 016 000
Depreciation	79 000	79 000	79 000	79 000
Impairment	0	0	0	0
Expenditure	5 917 000	5 539 000	3 915 000	5 847 000
Operating Profit	1 316 000	4 805 000	3 999 000	55 000
Financial Income	0	0	0	0
Financial Costs	75 000	83 000	80 000	78 000
Financial Balance	−75 000	−83 000	−80 000	−78 000
Dividends	0	0	0	0
Net Income	967 000	3 683 000	3 057 000	−18 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	20 000	9 000	1 000	0
Real Eastate	4 432 000	6 807 000	19 420 000	16 280 000
Machinery and Plant Facilities	40 000	119 000	197 000	276 000
Fixtures	0	0	0	0
Total Tangible Assets	4 472 000	6 926 000	19 617 000	16 556 000
Total Fiancial Fixed Assets	15 110 000	15 142 000	4 000	0
Total Fixed Assets	19 602 000	22 077 000	19 623 000	16 556 000
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	1 082 000	571 000	274 000	262 000
Total Current Assets	10 011 000	6 264 000	6 401 000	2 413 000
Total Assets	29 613 000	28 342 000	26 023 000	18 970 000
Total Equity	5 558 000	4 696 000	1 014 000	1 030 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	2 175 000	2 182 000	2 354 000	2 278 000
Creditors	2 505 000	8 000	194 000	21 000
Unpaid Taxes	954 000	315 000	1 206 000	624 000
Dividends	0	0	0	0
Other Current Debt	18 421 000	21 141 000	21 256 000	15 017 000
Total Current Debt	21 880 000	21 463 000	22 656 000	15 662 000
Total Equity and Debt	29 613 000	28 342 000	26 023 000	18 970 000

Financial indicators	2022	2021	2020	2019
Return on Equity	17,4 %	78,43 %	301,48 %	−1,75 %
Debt-to-Equity Ratio	0,39	0,46	2,32	2,21
Operating Profit Margin	4,33 %	46,45 %	50,52 %	0,93 %
Current Ratio	0,46	0,29	0,28	0,15
Quick Ratio	0,46	0,29	0,28	0,15
Equity Ratio	0,19	0,17	0,04	0,05
Gross Profit Margin	100 %	100 %	100 %	100 %