IMENCO CORROSION TECHNOLOGY AS

5570 AKSDAL

Finances

Return on Equity

20,65 %

Current Ratio

2,93

Debt-to-Equity Ratio

0,07

Key figures (NOK)	2022	2021	2020	2019
Revenue	41 523 000	19 476 000	68 539 000	49 851 000
Net Income	4 973 000	591 000	6 818 000	6 626 000
Total Assets	37 671 000	24 455 000	31 634 000	31 962 000
Total Equity	24 081 000	18 230 000	17 639 000	15 679 000

Income (NOK)	2022	2021	2020	2019
Revenue	41 523 000	19 476 000	68 539 000	49 851 000
Expenditure	36 338 000	18 576 000	58 829 000	42 350 000
Operating Profit	5 185 000	902 000	9 710 000	7 501 000
Financial Income	2 210 000	1 069 000	3 964 000	1 490 000
Financial Costs	1 341 000	1 431 000	4 933 000	494 000
Financial Balance	869 000	−362 000	−969 000	996 000
Earnings Before Tax	6 054 000	539 000	8 741 000	8 497 000
Tax	1 081 000	−52 000	1 923 000	1 871 000
Net Income	4 973 000	591 000	6 818 000	6 626 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	2 677 000	2 086 000	2 256 000	879 000
Total Current Assets	34 993 000	22 369 000	29 378 000	31 083 000
Total Assets	37 671 000	24 455 000	31 634 000	31 962 000
Total Retained Equity	22 203 000	17 230 000	16 639 000	14 679 000
Total Equity	24 081 000	18 230 000	17 639 000	15 679 000
Total Long-Term Debt	1 635 000	525 000	2 220 000	1 871 000
Total Current Debt	11 954 000	5 699 000	11 775 000	14 412 000
Total Equity and Debt	37 671 000	24 455 000	31 634 000	31 962 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	41 523 000	19 476 000	68 539 000	49 851 000
Other Income	0	0	0	0
Revenue	41 523 000	19 476 000	68 539 000	49 851 000
Cost of Goods Sold	22 522 000	9 397 000	53 463 000	36 585 000
Salary Costs	6 459 000	3 944 000	3 427 000	3 176 000
Depreciation	232 000	170 000	49 000	41 000
Impairment	0	0	0	0
Expenditure	36 338 000	18 576 000	58 829 000	42 350 000
Operating Profit	5 185 000	902 000	9 710 000	7 501 000
Financial Income	2 210 000	1 069 000	3 964 000	1 490 000
Financial Costs	1 341 000	1 431 000	4 933 000	494 000
Financial Balance	869 000	−362 000	−969 000	996 000
Dividends	0	0	0	0
Net Income	4 973 000	591 000	6 818 000	6 626 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	709 000	916 000	1 037 000	0
Real Eastate	0	0	0	0
Machinery and Plant Facilities	16 000	31 000	80 000	129 000
Fixtures	37 000	0	0	0
Total Tangible Assets	54 000	31 000	80 000	129 000
Total Fiancial Fixed Assets	1 915 000	1 138 000	1 138 000	750 000
Total Fixed Assets	2 677 000	2 086 000	2 256 000	879 000
Stock	13 327 000	8 439 000	7 664 000	5 110 000
Total Investments	0	0	0	0
Cash, Bank	17 000	828 000	23 000	0
Total Current Assets	34 993 000	22 369 000	29 378 000	31 083 000
Total Assets	37 671 000	24 455 000	31 634 000	31 962 000
Total Equity	24 081 000	18 230 000	17 639 000	15 679 000
Short-Term Group Debt	8 722 000	1 727 000	6 727 000	25 000
Total Long-Term Debt	1 635 000	525 000	2 220 000	1 871 000
Creditors	3 056 000	2 322 000	4 105 000	13 370 000
Unpaid Taxes	659 000	254 000	410 000	126 000
Dividends	0	0	0	0
Other Current Debt	659 000	532 000	439 000	890 000
Total Current Debt	11 954 000	5 699 000	11 775 000	14 412 000
Total Equity and Debt	37 671 000	24 455 000	31 634 000	31 962 000

Financial indicators	2022	2021	2020	2019
Return on Equity	20,65 %	3,24 %	38,65 %	42,26 %
Debt-to-Equity Ratio	0,07	0,03	0,13	0,12
Operating Profit Margin	12,49 %	4,63 %	14,17 %	15,05 %
Current Ratio	2,93	3,93	2,49	2,16
Quick Ratio	−25,49	−8,16	7,15	3,34
Equity Ratio	0,64	0,75	0,56	0,49
Gross Profit Margin	45,76 %	51,75 %	22 %	26,61 %