ERITEC AS

1167 OSLO

Finances

Share Ownership

Return on Equity

68,52 %

Current Ratio

1,61

Debt-to-Equity Ratio

0,83

Key figures (NOK)	2022	2021	2020	2019
Revenue	6 685 000	6 924 000	5 939 000	9 301 000
Net Income	370 000	−1 897 000	1 300 000	374 000
Total Assets	2 624 000	2 327 000	4 417 000	3 765 000
Total Equity	540 000	170 000	2 067 000	1 096 000

Income (NOK)	2022	2021	2020	2019
Revenue	6 685 000	6 924 000	5 939 000	9 301 000
Expenditure	6 211 000	6 480 000	4 241 000	8 827 000
Operating Profit	473 000	444 000	1 698 000	475 000
Financial Income	2 000	31 000	1 000	6 000
Financial Costs	0	2 225 000	32 000	1 000
Financial Balance	2 000	−2 194 000	−31 000	5 000
Earnings Before Tax	475 000	−1 749 000	1 667 000	480 000
Tax	104 000	147 000	367 000	106 000
Net Income	370 000	−1 897 000	1 300 000	374 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	0	0	2 070 000	1 359 000
Total Current Assets	2 624 000	2 327 000	2 347 000	2 406 000
Total Assets	2 624 000	2 327 000	4 417 000	3 765 000
Total Retained Equity	381 000	11 000	1 908 000	946 000
Total Equity	540 000	170 000	2 067 000	1 096 000
Total Long-Term Debt	450 000	450 000	450 000	450 000
Total Current Debt	1 634 000	1 707 000	1 901 000	2 219 000
Total Equity and Debt	2 624 000	2 327 000	4 417 000	3 765 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	6 685 000	6 924 000	5 939 000	9 301 000
Other Income	0	0	0	0
Revenue	6 685 000	6 924 000	5 939 000	9 301 000
Cost of Goods Sold	969 000	1 025 000	260 000	3 054 000
Salary Costs	4 637 000	4 891 000	3 466 000	5 055 000
Depreciation	0	0	0	0
Impairment	0	0	0	0
Expenditure	6 211 000	6 480 000	4 241 000	8 827 000
Operating Profit	473 000	444 000	1 698 000	475 000
Financial Income	2 000	31 000	1 000	6 000
Financial Costs	0	2 225 000	32 000	1 000
Financial Balance	2 000	−2 194 000	−31 000	5 000
Dividends	0	0	329 000	0
Net Income	370 000	−1 897 000	1 300 000	374 000

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	2 070 000	1 359 000
Total Fixed Assets	0	0	2 070 000	1 359 000
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	982 000	716 000	1 424 000	278 000
Total Current Assets	2 624 000	2 327 000	2 347 000	2 406 000
Total Assets	2 624 000	2 327 000	4 417 000	3 765 000
Total Equity	540 000	170 000	2 067 000	1 096 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	450 000	450 000	450 000	450 000
Creditors	102 000	67 000	0	67 000
Unpaid Taxes	653 000	396 000	797 000	556 000
Dividends	0	0	329 000	0
Other Current Debt	774 000	1 142 000	453 000	1 491 000
Total Current Debt	1 634 000	1 707 000	1 901 000	2 219 000
Total Equity and Debt	2 624 000	2 327 000	4 417 000	3 765 000

Financial indicators	2022	2021	2020	2019
Return on Equity	68,52 %	−1 115,88 %	62,89 %	34,12 %
Debt-to-Equity Ratio	0,83	2,65	0,22	0,41
Operating Profit Margin	7,08 %	6,41 %	28,59 %	5,11 %
Current Ratio	1,61	1,36	1,23	1,08
Quick Ratio	1,61	1,36	1,23	1,08
Equity Ratio	0,21	0,07	0,47	0,29
Gross Profit Margin	85,5 %	85,2 %	95,62 %	67,16 %