SINTEF NORDVEST AS

6009 ÅLESUND

Finances

Share Ownership

Return on Equity

4,34 %

Current Ratio

2,63

Debt-to-Equity Ratio

Key figures (NOK)	2022	2021	2020	2019
Revenue	15 734 000	12 040 000	11 475 000	9 607 000
Net Income	279 000	884 000	1 735 000	596 000
Total Assets	10 284 000	8 573 000	7 545 000	6 418 000
Total Equity	6 425 000	6 146 000	5 262 000	3 526 000

Income (NOK)	2022	2021	2020	2019
Revenue	15 734 000	12 040 000	11 475 000	9 607 000
Expenditure	15 481 000	10 975 000	9 304 000	8 876 000
Operating Profit	253 000	1 066 000	2 171 000	730 000
Financial Income	116 000	55 000	53 000	37 000
Financial Costs	6 000	5 000	4 000	3 000
Financial Balance	110 000	50 000	49 000	34 000
Earnings Before Tax	362 000	1 116 000	2 220 000	765 000
Tax	83 000	232 000	484 000	169 000
Net Income	279 000	884 000	1 735 000	596 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	141 000	30 000	37 000	204 000
Total Current Assets	10 143 000	8 542 000	7 509 000	6 214 000
Total Assets	10 284 000	8 573 000	7 545 000	6 418 000
Total Retained Equity	2 425 000	2 146 000	1 262 000	−474 000
Total Equity	6 425 000	6 146 000	5 262 000	3 526 000
Total Long-Term Debt	0	0	0	0
Total Current Debt	3 859 000	2 427 000	2 284 000	2 892 000
Total Equity and Debt	10 284 000	8 573 000	7 545 000	6 418 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	15 734 000	12 040 000	11 475 000	9 607 000
Other Income	0	0	0	0
Revenue	15 734 000	12 040 000	11 475 000	9 607 000
Cost of Goods Sold	2 661 000	924 000	1 098 000	1 908 000
Salary Costs	10 897 000	8 184 000	6 819 000	5 853 000
Depreciation	53 000	24 000	45 000	45 000
Impairment	0	0	0	0
Expenditure	15 481 000	10 975 000	9 304 000	8 876 000
Operating Profit	253 000	1 066 000	2 171 000	730 000
Financial Income	116 000	55 000	53 000	37 000
Financial Costs	6 000	5 000	4 000	3 000
Financial Balance	110 000	50 000	49 000	34 000
Dividends	0	0	0	0
Net Income	279 000	884 000	1 735 000	596 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	5 000	8 000	8 000	130 000
Real Eastate	0	0	0	0
Machinery and Plant Facilities	0	0	0	0
Fixtures	135 000	22 000	29 000	74 000
Total Tangible Assets	135 000	22 000	29 000	74 000
Total Fiancial Fixed Assets	0	0	0	0
Total Fixed Assets	141 000	30 000	37 000	204 000
Stock	2 973 000	1 923 000	448 000	615 000
Total Investments	0	0	0	0
Cash, Bank	2 688 000	5 163 000	5 646 000	2 713 000
Total Current Assets	10 143 000	8 542 000	7 509 000	6 214 000
Total Assets	10 284 000	8 573 000	7 545 000	6 418 000
Total Equity	6 425 000	6 146 000	5 262 000	3 526 000
Short-Term Group Debt	0	0	0	710 000
Total Long-Term Debt	0	0	0	0
Creditors	185 000	284 000	116 000	56 000
Unpaid Taxes	1 655 000	953 000	879 000	1 316 000
Dividends	0	0	0	0
Other Current Debt	1 939 000	1 023 000	926 000	810 000
Total Current Debt	3 859 000	2 427 000	2 284 000	2 892 000
Total Equity and Debt	10 284 000	8 573 000	7 545 000	6 418 000

Financial indicators	2022	2021	2020	2019
Return on Equity	4,34 %	14,38 %	32,97 %	16,9 %
Debt-to-Equity Ratio	0	0	0	0
Operating Profit Margin	1,61 %	8,85 %	18,92 %	7,6 %
Current Ratio	2,63	3,52	3,29	2,15
Quick Ratio	11,45	16,95	4,09	2,73
Equity Ratio	0,62	0,72	0,7	0,55
Gross Profit Margin	83,09 %	92,33 %	90,43 %	80,14 %