FO-TEC AS

3732 SKIEN

Finances

Share Ownership

Return on Equity

22,14 %

Current Ratio

0,99

Debt-to-Equity Ratio

−1,05

Key figures (NOK)	2022	2021	2020	2019
Revenue	1 925 000	2 116 000	870 000	1 174 000
Net Income	−586 000	−1 043 000	−116 000	−177 000
Total Assets	874 000	954 000	697 000	454 000
Total Equity	−2 647 000	−2 060 000	−1 018 000	−902 000

Income (NOK)	2022	2021	2020	2019
Revenue	1 925 000	2 116 000	870 000	1 174 000
Expenditure	2 511 000	3 160 000	985 000	1 354 000
Operating Profit	−586 000	−1 043 000	−114 000	−179 000
Financial Income	1 000	0	1 000	3 000
Financial Costs	1 000	0	3 000	1 000
Financial Balance	0	0	−2 000	2 000
Earnings Before Tax	−586 000	−1 043 000	−116 000	−177 000
Tax	0	0	0	0
Net Income	−586 000	−1 043 000	−116 000	−177 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	153 000	186 000	77 000	120 000
Total Current Assets	721 000	768 000	620 000	334 000
Total Assets	874 000	954 000	697 000	454 000
Total Retained Equity	−2 847 000	−2 260 000	−1 218 000	−1 102 000
Total Equity	−2 647 000	−2 060 000	−1 018 000	−902 000
Total Long-Term Debt	2 790 000	2 425 000	1 585 000	1 189 000
Total Current Debt	730 000	589 000	130 000	167 000
Total Equity and Debt	874 000	954 000	697 000	454 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	1 893 000	2 116 000	870 000	1 174 000
Other Income	32 000	0	0	0
Revenue	1 925 000	2 116 000	870 000	1 174 000
Cost of Goods Sold	923 000	1 268 000	206 000	397 000
Salary Costs	1 115 000	1 426 000	374 000	546 000
Depreciation	5 000	44 000	44 000	44 000
Impairment	0	0	0	0
Expenditure	2 511 000	3 160 000	985 000	1 354 000
Operating Profit	−586 000	−1 043 000	−114 000	−179 000
Financial Income	1 000	0	1 000	3 000
Financial Costs	1 000	0	3 000	1 000
Financial Balance	0	0	−2 000	2 000
Dividends	0	0	0	0
Net Income	−586 000	−1 043 000	−116 000	−177 000

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	33 000	77 000	120 000
Total Tangible Assets	0	33 000	77 000	120 000
Total Fiancial Fixed Assets	153 000	153 000	0	0
Total Fixed Assets	153 000	186 000	77 000	120 000
Stock	110 000	98 000	119 000	119 000
Total Investments	0	0	0	0
Cash, Bank	341 000	291 000	303 000	82 000
Total Current Assets	721 000	768 000	620 000	334 000
Total Assets	874 000	954 000	697 000	454 000
Total Equity	−2 647 000	−2 060 000	−1 018 000	−902 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	2 790 000	2 425 000	1 585 000	1 189 000
Creditors	304 000	277 000	18 000	32 000
Unpaid Taxes	336 000	116 000	59 000	89 000
Dividends	0	0	0	0
Other Current Debt	90 000	197 000	53 000	46 000
Total Current Debt	730 000	589 000	130 000	167 000
Total Equity and Debt	874 000	954 000	697 000	454 000

Financial indicators	2022	2021	2020	2019
Return on Equity	22,14 %	50,63 %	11,39 %	19,62 %
Debt-to-Equity Ratio	−1,05	−1,18	−1,56	−1,32
Operating Profit Margin	−30,44 %	−49,29 %	−13,1 %	−15,25 %
Current Ratio	0,99	1,3	4,77	2
Quick Ratio	1,16	1,56	56,36	6,96
Equity Ratio	−3,03	−2,16	−1,46	−1,99
Gross Profit Margin	52,05 %	40,08 %	76,32 %	66,18 %