WINGTECH AS

7255 SUNDLANDET

Finances

Return on Equity

7,16 %

Current Ratio

2,4

Debt-to-Equity Ratio

Key figures (NOK)	2022	2021	2020	2019
Revenue	50 731 000	72 409 000	58 486 000	48 383 000
Net Income	1 697 000	11 839 000	8 485 000	5 854 000
Total Assets	39 017 000	40 784 000	31 089 000	26 933 000
Total Equity	23 711 000	22 780 000	15 758 000	10 700 000

Income (NOK)	2022	2021	2020	2019
Revenue	50 731 000	72 409 000	58 486 000	48 383 000
Expenditure	48 462 000	57 209 000	48 136 000	40 208 000
Operating Profit	2 269 000	15 200 000	10 349 000	8 175 000
Financial Income	6 000	8 000	24 000	61 000
Financial Costs	98 000	29 000	96 000	160 000
Financial Balance	−92 000	−21 000	−72 000	−99 000
Earnings Before Tax	2 176 000	15 179 000	10 278 000	8 076 000
Tax	479 000	3 339 000	1 793 000	2 222 000
Net Income	1 697 000	11 839 000	8 485 000	5 854 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	2 358 000	1 790 000	1 149 000	221 000
Total Current Assets	36 658 000	38 994 000	29 940 000	26 711 000
Total Assets	39 017 000	40 784 000	31 089 000	26 933 000
Total Retained Equity	23 681 000	22 750 000	15 728 000	10 670 000
Total Equity	23 711 000	22 780 000	15 758 000	10 700 000
Total Long-Term Debt	0	0	129 000	2 012 000
Total Current Debt	15 305 000	18 004 000	15 202 000	14 221 000
Total Equity and Debt	39 017 000	40 784 000	31 089 000	26 933 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	50 731 000	72 409 000	58 486 000	46 883 000
Other Income	0	0	0	1 500 000
Revenue	50 731 000	72 409 000	58 486 000	48 383 000
Cost of Goods Sold	24 773 000	31 451 000	28 167 000	18 661 000
Salary Costs	15 306 000	17 258 000	16 398 000	13 449 000
Depreciation	554 000	353 000	136 000	1 135 000
Impairment	0	0	0	0
Expenditure	48 462 000	57 209 000	48 136 000	40 208 000
Operating Profit	2 269 000	15 200 000	10 349 000	8 175 000
Financial Income	6 000	8 000	24 000	61 000
Financial Costs	98 000	29 000	96 000	160 000
Financial Balance	−92 000	−21 000	−72 000	−99 000
Dividends	680 000	4 700 000	3 400 000	0
Net Income	1 697 000	11 839 000	8 485 000	5 854 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	254 000	122 000	0	0
Real Eastate	0	0	0	0
Machinery and Plant Facilities	25 000	0	0	0
Fixtures	1 898 000	1 592 000	1 139 000	163 000
Total Tangible Assets	1 923 000	1 592 000	1 139 000	163 000
Total Fiancial Fixed Assets	181 000	75 000	10 000	58 000
Total Fixed Assets	2 358 000	1 790 000	1 149 000	221 000
Stock	4 800 000	3 337 000	3 297 000	3 451 000
Total Investments	0	0	0	0
Cash, Bank	9 907 000	5 233 000	2 157 000	9 833 000
Total Current Assets	36 658 000	38 994 000	29 940 000	26 711 000
Total Assets	39 017 000	40 784 000	31 089 000	26 933 000
Total Equity	23 711 000	22 780 000	15 758 000	10 700 000
Short-Term Group Debt	295 000	259 000	582 000	198 000
Total Long-Term Debt	0	0	129 000	2 012 000
Creditors	8 002 000	5 763 000	5 862 000	4 866 000
Unpaid Taxes	2 822 000	1 345 000	2 001 000	3 376 000
Dividends	680 000	4 700 000	3 400 000	0
Other Current Debt	2 920 000	2 378 000	1 702 000	3 602 000
Total Current Debt	15 305 000	18 004 000	15 202 000	14 221 000
Total Equity and Debt	39 017 000	40 784 000	31 089 000	26 933 000

Financial indicators	2022	2021	2020	2019
Return on Equity	7,16 %	51,97 %	53,85 %	54,71 %
Debt-to-Equity Ratio	0	0	0,01	0,19
Operating Profit Margin	4,47 %	20,99 %	17,69 %	16,9 %
Current Ratio	2,4	2,17	1,97	1,88
Quick Ratio	3,49	2,66	2,51	2,48
Equity Ratio	0,61	0,56	0,51	0,4
Gross Profit Margin	51,17 %	56,56 %	51,84 %	61,43 %